After a surge of investment between 2020 and 2022, money funnelled into the video game industry from private equity sources has now dropped dramatically, back to and even below previous pre-Covid levels.
Data published by Konvoy as part of its Q3 2023 Gaming Industry Report show a sharp decline in investments following the second quarter of last year.
As noted by EA Dice senior game designer Jan David Hassel, who shared these graphs on social media, investment in gaming surged to $14.78bn in 2021, and to 14.49bn in 2022. In 2023, this has now slumped to $2.09bn – around “a seventh of the investment of each of the previous two years”.
