— Tripledot Studios, a UK-based mobile casual game developer, acquired ZephyrMobile, a Czech-based mobile casual and hypercasual games developer, for an undisclosed sum;
— Magify, a Cyprus-based gaming tech company, has raised an undisclosed sum in a funding round from Narwhal Accelerator;
— Mirror World, a US-based web3 tech company, has attracted $12m in a Series A funding round led by BITKRAFT.

Our latest Weekly News Digest covered these three and twelve more deals.

Our colleagues from GameDev Reports picked the most exciting gaming reports from the previous week, covering game sales in Europe for May 2024, iOS AAA ports performance, and the gamepad usage on Steam:

— GSD & GfK: Game sales in Europe in May 2024 fell by 17%;
— Appfigures & AppMagic: iOS Ports of Assassin’s Creed, Resident Evil, and Death Stranding are far from successful;
— Steam: Gamepad usage statistics.

A weekly recap with a brief overview of the mentioned reports is available here.

— k-ID, a Singapore-based tech company, has closed a $45m Series A round led by Andreessen Horowitz and Lightspeed Venture Partners;
— OV Entertainment Group, a UK-based multimedia entertainment company, has acquired Brazil-based Kokku and Argentina-based 3OGS, both outsourcing tech companies;
— Redacted, a Web3 gaming platform, has attracted $10m in a recent funding round.

Our latest Weekly News Digest covered these three and six more deals.

Our colleagues from GameDev Reports picked the most exciting gaming reports from the previous week, covering the gaming market in China, cooperative games on Steam, and global gaming engagement trends for 2024:

— Niko Partners: Chinese Gamers in 2024;
— VG Insights: Cooperative Games on Steam in 2024;
— Newzoo: How people engage with Games in 2024.

A weekly recap with a brief overview of these reports is available here.

— Capcom, a Japan-based video game developer and publisher, has acquired a 66% share of Minimum Studios, a Taiwan-based outsourcing tech company, for an undisclosed price;
— Daybreak Games, a US-based PC & Console games publisher and developer, has acquired Singularity Six, a US-based PC & Console games developer, for an undisclosed sum;
— Bitmagic, a Finland-based UGC games development platform, has raised $4m in a Seed funding round led by Korea Investment Partners.

Our latest Weekly News Digest covered these three and nine more deals.

Our colleagues from GameDev Reports picked the most exciting gaming reports from the previous week, covering AR/VR device shipments in Q1'24, the Turkish game market in 2023, and the US gaming market performance in May'24:

— IDC: Global AR/VR Device Shipments Plummeted by 67.4% YoY in Q1'24;
— Gaming in Turkey: Turkish Gaming Market in 2023;
— Circana: The US gaming market declined in May'24.

A weekly recap with a brief overview of the mentioned reports is available here.

The InvestGame team is pleased to present the Q2’24 Global Gaming Deals Report, providing a comprehensive analysis of the current market dynamics within the gaming industry.

The games industry remains resilient amidst evolving challenges. Ongoing layoffs, studio closures, volatile gaming stock prices, and project cancellations dominate current gaming news headlines.

In Q2'24, the industry saw 166 closed deals totaling $4.1B, marking an increase in both deal value and volume. This uptick suggests a gradual recovery from recent lows, reflecting renewed investor confidence and stability returning to the market.

The key contributor to Q2'24 was Private Investments, which attracted $1B across 116 rounds, indicating a stabilization phase following post-pandemic growth. M&A activity showed a slight growth in terms of the number of deals, with 37 announcements, while the total amount remained relatively stable at around $0.5B across all deals.

Public Offerings remained calm compared to the COVID-19 period, with few IPO/PIPE and fixed-income announcements. This was due to macroeconomic instability and turbulence in gaming stocks, leading to limited exit options for late-stage investments.

Notable trends include the continued impact of COVID-19, which saw an initial acceleration in deal activity followed by growth, a "hangover" period, and now stabilization. Early-stage VC investments are adapting to new fundraising norms, with stable Seed funding but volatility in Series A rounds. Late-stage VC and PE deals show sluggish activity due to ongoing market headwinds. Corporate VCs have become more strategic and adaptive, reflecting a keen awareness of the evolving market landscape and a commitment to fostering sustainable growth.

The market shows signs of stabilization, highlighted by several successful public offerings, including Shift Up and GameStop. Private equity firms are increasing activity in the M&A field, while Strategic Investors are adapting and optimizing their business models. We anticipate this dynamic to continue with a moderated potential growth compared to 2023.

We would love to thank our dear friends at MY.GAMES for supporting this Report.

Last week we presented our Q2’24 Global Gaming Deals Report. Here are some of the biggest findings.

The games industry remains resilient amidst evolving challenges. Ongoing layoffs, studio closures, volatile gaming stock prices, and project cancellations dominate current gaming news headlines.

In Q2 '24, the industry saw 166 closed deals totaling $4.1B, marking an increase in deal value and volume. This uptick suggests a gradual recovery from recent lows, reflecting renewed investor confidence and stability returning to the market.

Our colleagues from GameDev Reports picked the most exciting gaming reports from the previous week, covering game sales for H1'24 in the UK, PC and console sales in Europe for H1'24, and Peak Games achieving $5B in all-time user spending:

— ERA: Game Sales in the UK Dropped by 29.4% in the First Half of 2024;
— GSD & GfK: PC & Console Games Sales in Europe in June 2024 and H1'24;
— AppMagic: Peak Games Earned Over $5B - and Returned to Growth

A weekly recap with a brief overview of the mentioned reports is available here.

According to our Q2’24 Global Gaming Deals Report, the industry saw 116 private investment rounds totaling $1B. These trends indicate a stabilization phase following the post-pandemic growth and the accelerated pace of activity during COVID-19. This reflects a cautious optimism among investors, signaling confidence in the industry's long-term potential despite current headwinds.

According to our Q2'24 Global Gaming Deals Report, M&A activity showed a slight growth in terms of the number of deals, with 37 announcements, while the total amount remained relatively stable at around $0.5B across all deals. This pattern represents a gradual recovery phase, suggesting that while significant players are more selective, strategic acquisitions are still in motion as companies adapt to the new market dynamics.

According to our Q2'24 Global Gaming Deals Report, activity in public offerings remains subdued, with only a few PIPE and Fixed Income announcements. This continued quietness in the public markets highlights companies' cautious approach amid macroeconomic instability and fluctuating gaming stock performance.

Last month, we presented our Q2'24 Global Gaming Deals Report, highlighting the most active Early-stage gaming VC funds based on their Seed and Series A round activities over the past 12 months.

Since we are already in the second month of Q3, our team decided to share an updated year-to-date (YTD) ranking based on participation in Seed and Pre-Seed rounds. This updated ranking reflects the continued investment in Early-stage gaming startups by these venture capital funds, emphasizing their role in the industry's growth and innovation.

Our colleagues from GameDev Reports picked the most exciting gaming reports from the past week, covering mobile gaming trends, the growth of gaming markets in East Asia, and the geographic distribution of successful games on Steam:

— Sensor Tower: Mobile Gaming Market in 2024 & Beyond;
— Niko Partners: The Gaming Markets of South Korea and Japan Grew to $30.1 Billion in 2023;
— GameDiscoverCo: In Which Countries Do Owners of Successful Games on Steam Live.

A weekly recap with a brief overview of the mentioned reports is available here.

We are thrilled to announce that our InvestGame Weekly News Digest has reached an incredible milestone of 8,000 subscribers!

We would like to thank each of you for being a part of this incredible journey. Your support and engagement are truly appreciated!

— Moon Rover Games, a Sweden-based PC & Console games developer, has raised $3.5m in a funding round from NCsoft;
— 2weeks, a US-based multiplatform games developer, has secured $1.25m in a pre-Seed funding round led by Andreessen Horowitz;
— Dotplay, a German-based mobile games tech company, has attracted $1m in a pre-Seed funding round led by Transcend Fund.

Our latest Weekly News Digest covered these three deals.

Our partners at AppMagic have just launched their very own Telegram channel! 🔥

Get ready for exclusive insights into the mobile gaming industry: from quick news updates to detailed deconstructions of the most iconic mobile games!

Subscribe here: https://t.me/appmagic_rocks

Our colleagues from GameDev Reports picked the most exciting gaming reports from the past week, covering the US gaming market in Jun'24, mobile gaming trends for Q2 2024, and the rapid success of Whiteout Survival:

— Circana: The US Gaming Market in Jun'24;
— Sensor Tower: Mobile Market in Q2 2024;
— Whiteout Survival: Third fastest to $1 billion of 2023 releases.

A brief overview of these reports is available here.

Our colleagues from GameDev Reports picked the most exciting gaming reports from the past week, covering global gaming market trends for 2024, key mobile marketing insights in H1'24, and mobile market trends in Q2'24:

— Newzoo: Global Gaming Market in 2024 and Beyond;
— SocialPeta & Tenjin: Mobile Marketing in H1'24;
— Singular: Mobile Market Trends in Q2'24.

A weekly recap with a brief overview of the mentioned reports is available here.

— Krafton, the South Korean publisher known for PUBG, has acquired Japan-based game developer Tango Gameworks, including the Hi-Fi Rush IP;
— Keywords Studios, a UK-based outsourcing company, has acquired Wushu Studios, another UK-based outsourcing company, to strengthen its development capabilities;
— FRVR, a Portugal-based multiplatform games developer, has raised $12.7 million to support the development of Forge, the company’s proprietary AI-powered game creation platform.

Our latest Weekly News Digest covered these three deals and nine more.