PitchBook dives deep into gaming VC trends, predictions for 2024

On the heels of PitchBook’s Gaming VC market report, the firm has published a deep dive into market segment trends. Echoing its prior report, the firm expects 2023’s muted venture capital funding levels — $4.3 billion or 72% less than 2022 — to continue into 2024. However, the types of startups and investment sources are changing.

Comparing games VC market segments

Over the last twelve months, 56% (294) of closed funding deals went to content developers, followed by developer tools and services. Publishers, developers and studios comprised the largest subsegment with 190 closed deals.