Gaming VC investments may be on the mend.
Gaming VC investments may be on the mend.
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Q1 game venture fundings rose 94% over Q4 — Konvoy report | The DeanBeat

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

Gaming saw a 94% increase in venture funding during the first quarter of 2024, compared with the fourth quarter of 2023, according to a report by Konvoy Ventures. It’s not much, but it’s worth celebrating.

The first quarter saw strong private game market performance, mostly driven by Disney’s $1.5 billion investment in Epic Games to build a Disney gaming universe connected with Fortnite. After hitting bottom in the last quarter of 2023, the game investment market rose to about the same level it was close to a year ago. It also about the same in the number of deals as it was in Q4 2020.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.