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Global Gaming Report | Q1 2022

LOS ANGELES | April 21st, 2022 – Drake Star is pleased to publish the March 2022 edition of its Global Gaming Industry Report providing key insights into the gaming deal activities for the first three months of the year. 2022 has already become another record year for gaming, quickly surpassing the total deal value for all of 2021. Just three months into the year, the disclosed deal value for deals announced or closed was $98.7B across 387 transactions, compared to $85.4B and 1,159 deals for all of 2021 and $32.7B and 505 deals for 2020.

  • Massive industry consolidation with $92.6M in M&A activity across PC/console, mobile, and esports, including acquisition of Activision by Microsoft, Zynga by Take-Two, Bungie by Sony, and ESL by Savvy Games / PIF.

  • VCs and strategics invested $3.4B in private companies through 287 deals, a record-breaking quarter for number of deals completed. Large rounds were raised by Dream Games, thatgamecompany, Tripledot, and Zupee while the most active VCs included Bitkraft, Sequoia, Makers Fund, and Griffin Gaming.

  • $1.2B was raised by private blockchain/NFT gaming companies with the largest rounds raised by Animoca Brands, Immutable, and New Sin City, while the most active investors were Animoca Brands, Alameda Research/FTX, and Shima Capital.

  • Record number of new and follow-on funds focused on the gaming and crypto space, including FTX’s $2B fund, Griffin Gaming Partners’ $750M fund, Makers’ $500M fund, Hiro Capital’s $340M fund, Gumi Crypto $110M and many more.

The March update analyzes the first quarter of 2022 in terms of deal activity and volume across market segments (M&A, private placements, IPOs, SPACs, public financings), M&A activity by volume and multiples, public market performance and valuations, and discusses the most active gaming buyers and venture capital (VC) investors.


Drake Star Gaming Team: Michael Metzger, Mohit Pareek

 

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Michael Metzger

Partner | Drake Star

e-mail: michael.metzger@drakestar.com

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