- The market is cooling off after the outstanding performance of 2021 and 2022.
Private investments
- The number of private investments increased compared to the previous two quarters. But the overall size of investments decreased – in Q1’23 it was about $1B.
- The majority of deals in Q1’23 have been in the early stages. The largest rounds of the quarter are VSPO ($265M), Believer ($55M), and CCP Games ($40M).
- Of all deals (141), 32 were in product companies in the early stages.
- Two product companies in Q1’23 received a later stages investment – CCP Games and Carry1st.
Corporate investments
- 10 corporate deals happened in Q1’23. The majority of them are of undisclosed amount.
M&A
- In Q1’23 the M&A activity was minor. The number of deals was twice less than a year before.
- The overall size of deals was $0.6B. However, the second quarter will be more prominent – we already know about Savvy Games Group x Scopely and SEGA x Rovio deals.
Public offerings
- 9 public offerings happened in Q1’23 with an overall sum of $0.5B.
- InvestGame experts are sure that the situation won’t be better anytime soon.
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