DDM Games Investment Review

An invaluable resource for the games industry, providing detailed, qualified information companies and investors need to drive their businesses. Already in use by DDM to help clients worldwide, DDM is pleased to offer its analysis via free and paid quarterly reports and dedicated research services.

Contact UsFollow Us on Twitter »

STAY UP TO DATE: Sign Up for Our Newsletter

Illustration of people playing computer games.

Latest Report

Q1’s $4.3B Over 219 Investments/M&As Marks a Positive Start to 2024

Despite game industry layoffs and business turmoil, investments and M&As show a return to cautious growth. Compared to Q4 2023, Q1 2024 is a significant decline (-94% in value and +13% in volume compared to Q4’s $70.1B across 194 transactions). However, by excluding Microsoft’s $68.7B acquisition of Activision Blizzard in Q4 as an outlier, Q1 2024’s $4.3B across 219 investments and M&As nearly doubles Q4 2023’s $2.3B in value, indicating a positive start to 2024.

  • Q1 2024 investments totaled $2.2B across 178 investments (+123% in value and +20% in volume compared to Q4’s $1.0B and 149 investments) marking the first quarter to achieve a value over $2.0B in investments since Q3 2022
  • Q1 2024 M&As totaled $2.0B across 41 transactions (-97% in value and -9% in volume over Q4’s $70.0B across 45 transactions); when Microsoft/Activision Blizzard is excluded, Q1 2024 was +65% in value and -7% in volume compared to Q4 2023’s $1.2B across 44 transactions
  • Q1 2024 IPOs totaled $7.2M in total market capitalizations from 1 IPO (-94% in value and -67% in volume compared to Q4’s $112.0M in combined market capitalizations across 3 IPOs)
  • Q1 2024 new fund announcements totaled $13.7B across 28 funds (-23% in value and +4% in volume compared to Q4 2023’s $17.8B across 27 funds) driven by two funds raising over $2.0B; Andreessen Horowitz (A16z) $7.0B and Y Combinator’s $2.0B fund raises accounted for 65% of the capital raised for the quarter

Video Game Investments by Value Q1 2024 ($M)

Video Game M&As by Value Q1 2024 ($M)

Video Game Investments by Segment Value Q1 2024

Video Game M&As by Segment Value Q1 2024

Q1 2024 Vs Q4 2023

Source: DDM Games Investment Review



Investment and M&A

The DDM GIR is the industry’s longest-running dataset, covering over sixteen years of meticulously tracked video game industry investment and M&A data updated daily. Data points include industry sector, region, investment round, investors and acquirers and many other demographic criteria.

Comprehensive Reporting

DDM gathers information directly from companies and reliable industry sources; all fact-checked and cross-reviewed to ensure accuracy and consistency of annual comparisons.

Quarterly Report

Offered quarterly for over a decade, this definitive industry report is affordably priced for companies of all sizes, with a free quarterly summary also available. Each report contains the quarter’s investment and M&A activity.

Get the Report

Research Services

DDM provides custom research ranging from gathering Steam metrics to market surveys for product launches. We tailor investment and acquisition reports by specific criteria such as comparable companies, location, platform, investors or acquirers and funding stage. Find our free, topical articles, such as our in-depth dive into development studio investments, here. Contact us for research services.

Contact Us

A Trusted Industry Resource at Your Service

Our research team uses the powerful DDM Games Investment Review data platform on behalf of our Consulting and Investment Services clients. We combine our industry experience with customized reporting from the DDM GIR to provide uniquely informed expert counsel. Additionally, DDM sells quarterly reports for your direct use.


With a dedicated global team and a consulting network of industry veterans, DDM provides thoughtful business and product strategies to companies seeking opportunities in video games.

Investment Services

For teams and companies seeking investment or acquisition, we globally source prospects aligned with your business strategy and your investment criteria.

Purchase Options

Exceptional data.
Priced for Everyone.

Game Developers Annual Investment Report


Download the Game Developers Annual Investment Report - June 2024

Free Quarterly Report - Executive Summary


Download the Q1 2024 Executive Summary covering the gaming industry's investments and M&As

One Quarterly Transaction Bundle


Purchase the quarter's transactions data (PDF and Excel)

Quarterly Transaction Bundle - 1 Year


Save by purchasing the most recent and the next three quarterly transaction bundles

The DDM Games Investment Review is just one asset DDM leverages for its clients and partners. As the video game business experts, DDM is committed to helping its clients succeed. Please visit us at www.ddmagency.com to learn more about our services, sign up for our newsletter using the field in the footer below and email us to start a conversation.

Follow DDM Games Investment Review on Twitter:


Contact Us

Digital Development Management
PO Box 180
Northampton, MA 01061-0180