Despite a difficult VC environment, investors continue to level up in gaming, lured by opportunities in augmented and virtual reality as well as a renewed interest in Web3 gaming.
Several high-profile VC firms have closed large gaming-centric funds in recent months. Andreessen Horowitz closed its second dedicated gaming vehicle on $600 million in April. That same month, Bitkraft Ventures unveiled its third flagship fund with a $275 million target. And Griffin Gaming Partners is targeting $500 million for its third flagship vehicle, PitchBook reported in June.
The space has also been buoyed by some recent large deals. Kids gaming safety and privacy startup k-ID raised a $45 million Series A in June—its third financing in nine months—led by Andreessen Horowitz and Lightspeed. In January, game studio Build A Rocket Boy raised a $110 million Series D. Web3 gaming specialist Zentry raised $140 million in April.
Here are the 10 most active VC investors in gaming since 2019, according to PitchBook data.
Methodology: Lists of most active investors are based on a tally of relevant deal types as defined by PitchBook’s report methodologies. This list is limited to VC investors and excludes angel groups, accelerators, incubators and growth investors, among other investor types.
Featured image by Drew Sanders/PitchBook News
