Konvoy Ventures, which came to the fore with a fund worth 150 million dollars last week, has published a report evaluating the first half of 2022. The report includes investment analysis, VCs’ market share, and some platforms’ insights. We have compiled the highlights of the report for you. You can click here to access the full report.
The report, which started by addressing the current recession, consists of three main headings: the financing environment, the public game industry, and key trends.
As reported in the report, in the first quarter of 2022, 221 game companies received an Angel, Seed, and Series A to D investment of $ 2.6 billion. This number is 2.16 times higher than in the first quarter of 2021. When we come to the second quarter of the year, it is seen that 3.8 billion dollars have been invested from 382 deals. We should note that 78% of these investments were provided by Seed and Series A tours.
Including data from other reports, Konvoy stated that other reports believe that the market can grow and exceed 200 billion dollars. The company believes the industry will continue to rise for 24 months, with player adoption and continued funding from VCs.
Konvoy ventures has the following words on the subject:
“Isolation and lockdowns resulted in fast yet unsustainable growth for the gaming industry (According to CB Insights data, 20.5% between 2019 and 2020) that inevitably had to normalize, which we are seeing now. We believe that the current macroeconomic concerns are disconnected from the post-pandemic normalization we are seeing across gaming.”
The report refers to the supply problems in gaming hardware and states that sales and production are restricted.
Related: PlayStation 5 sales reach 20 million worldwide
According to data from Nikkei Asia, Nintendo Switch sales fell 33% in the second quarter of 2022 compared to last year.
