VC Roundup: Gaming investments surge 94% in Q124 as market rebounds
This edition of Cointelegraph’s VC Roundup highlights Tevaera, AVALON, Uncharted, Contango, and Movement Labs.
Venture capital is seeing a strong comeback in the gaming industry, with a surge in both funding and deal volume.
According to Konvoy Ventures, a venture capital firm specializing in the video gaming industry, the first quarter of 2024 saw $594 million in gaming VC funding, marking a 94% increase from the previous quarter. Deal volume also rose 28%, with 124 deals completed.
Konvoy predicts the gaming market is projected to reach $225 billion by 2029, from $189 billion in 2023.
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Author: Ana Paula Pereira
