Q2 2023
August 25, 2023
Gaming reaches for the clouds
While consumer spending on video games has remained healthy, according to our latest Emerging Tech Research report, VC funding has remained flat. In Q2 2023, there were 110 deals that generated $1.1 billion in deal value, showing funding in H1 2023 to be on par with 2020 funding levels. But gaming is still reaching for the clouds.
The development segment has outpaced content as gaming startups look for new ways to help developers create the next big games. Investors also should pay attention to emerging opportunities within the space like startups working to deliver cloud gaming to the masses and those creating user generated content sandboxes for players.
Vertical update | 3 |
Q2 2023 timeline | 5 |
Gaming landscape | 6 |
Gaming VC ecosystem market map | 7 |
VC activity | 8 |
Emerging opportunities | 16 |
User generated content | 17 |
Cloud gaming | 19 |
Select company highlights | 21 |
HyperPlay | 22 |
Triumph Labs | 23 |
Goals | 24 |