Meet the 10 most active investors in VC video game deals

The video games industry, which already rakes in more money than movies and music combined, has shown intensified growth over the last five years—and investors are taking note.

Even gaming startups raised $13.3 billion from VC investors last year, according to PitchBook’s Q4 2022 Launch Report: Gaming. Startups like blockchain gaming studio Polygon, independent games studio ProbablyMonsters and “Fortnite” developer Epic Games have attracted investors from both nontraditional investors like Tencent venture arm Tencent Investment, gaming-focused VC firms like Bitkraft Ventures and bigger VC firms like Andreessen Horowitz. All three of these are among the most active firms in the vertical.

Lately, investors have expanded beyond searching for the studio with the next big hit. They have been drawn to Web3 games that incorporate cryptocurrency and blockchain technology, allowing game developers and players to make money in novel ways.

And despite antitrust setbacks for Microsoft’s blockbuster deal to acquire Activision Blizzard, owner of the “Call of Duty” and “Candy Crush” franchises, VC investors are still holding out hope for the acquisition and see bright prospects for companies.

Here are the 10 most active VC investors in gaming since 2017, according to PitchBook data.
 

 

Methodology: Lists of most active investors are based on a tally of relevant deal types and investor types as defined by PitchBook. These deal types align with PitchBook report methodologies, which can be found here. Unless otherwise noted, geographical lists of most active investors are based on the primary headquarters of the company receiving the investment. 

Featured image by Drew Sanders/PitchBook News