« back to reports
Q4 2024
Gaming VC Trends
March 25, 2025
Fill out the form to download a preview of this report. The full report is available through the PitchBook Platform.
Gaming VC activity falls further
Gaming venture capital activity took a tumble in Q4 2024, with deal value dropping over 40% QoQ. VC-backed exits remained sluggish, with SuperPlay’s $700 million acquisition by Playtika accounting for nearly all disclosed value.
AI-native platforms, however, posted a strong quarter. Investors funneled capital into startups tackling game development efficiency, multimodal content creation, and more. Aethir led the pack with a $115.2 million round, while Luma AI secured $90 million for next-gen video generation. Meanwhile, gaming moderation and safety solutions also gained traction, with Magic Potion Games and k-ID raising fresh rounds. Looking ahead, the industry faces mounting pressures, with AAA game development costs soaring to unprecedented levels.
Read the full report for deeper insights into gaming VC activity, emerging trends, and what is next for the sector.
Gaming VC activity falls further
Gaming venture capital activity took a tumble in Q4 2024, with deal value dropping over 40% QoQ. VC-backed exits remained sluggish, with SuperPlay’s $700 million acquisition by Playtika accounting for nearly all disclosed value.
AI-native platforms, however, posted a strong quarter. Investors funneled capital into startups tackling game development efficiency, multimodal content creation, and more. Aethir led the pack with a $115.2 million round, while Luma AI secured $90 million for next-gen video generation. Meanwhile, gaming moderation and safety solutions also gained traction, with Magic Potion Games and k-ID raising fresh rounds. Looking ahead, the industry faces mounting pressures, with AAA game development costs soaring to unprecedented levels.
Read the full report for deeper insights into gaming VC activity, emerging trends, and what is next for the sector.
Table of contents
| Gaming landscape | 3 |
| Gaming VC ecosystem market map | 4 |
| Vertical update | 5 |
| VC activity | 7 |
| Gaming VC deal summary | 19 |