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The InvestGame report claims that the total value of closed deals exceeded $2.1bn on 193 deals, compared to $15.4bn among 277 deals in 1Q22.
A side note: NetEase earned $2.9 billion from games in the first quarter
The number of private investments increased compared to the previous two quarters. However, the total volume of investments decreased – in Q1’23 the volume of private investments amounted to $1 billion. Most of the transactions in Q1’23 were in the early stages. The largest rounds in Q1’23 were investments in VSPO ($265M), Believer ($55M) and CCP Games ($40M).
Of the total number of deals (141), 32 came from deals with early-stage game product companies.
In the first quarter of 2023, 10 corporate deals happened. Most of them had an undisclosed transaction amount.
Total deals amounted to $0.6 billion. However, the second quarter will definitely be better, thanks to Savvy Games Group (purchase of Scopely) and SEGA (purchase of Rovio), which have already announced deals.
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