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An examination of the current venture investing environment in 2021 across the games industry, and how it might change in the future. Will current bullish trends continue? What’s next for gaming VC?
Last month, Turkish casual games developer Dream Games raised $155M in a Series B round, valuing the company at $1B. This made Dream Games the industry’s latest “unicorn” — an impressive feat for an early-stage games developer with just one title to its name (the massively successful Royal Match). However, what really caught the attention of industry watchers was the speed at which it happened: Dream Games had previously raised its $50M Series A just 3.5 months earlier.
Even more interesting is the fact that Dream Games is just the latest in a string of games industry startups to attract the attention of venture capitalists. In the last year and a half, VC interest in the sector has reached a fever pitch.
In their recent Gaming Deals Activity Report H1 2021, our friends at InvestGame counted 263 closed private investments in the first half of 2021 alone, compared to 161 in H1’20. More than 64% of those private placements came at an early…
