Data Points: Top 10 Private Investments in Video Games Q4 2023

Source: DDM Games Investment Review Executive Summary Report Q4 + Annual 2023

Top 10 Private Investments in Video Games Q4 2023:


2. Rokid

3. Animoca Brands

4. Strikerz


6. Noice

7. Shrapnel

8. BLANK. Game Studios

9. Gamefam

10. TapNation

Although the investment median for the quarter was identical to Q3’s $4.0M, Q4 2023 only had three private investments that were ≥$50M (-40% decline in volume compared to Q3’s five private investments).

Despite early private investments representing 70% of the overall volume within the top 10 private investments, mid/late-stage funding still achieved a higher value representing $302.0M across 3 investments compared to early-stage funding $161.6M Blockchain gaming continues to attract investors claiming three of the top 10 transactions as well as the highest transaction, a sizeable investment in LINE NEXT, recorded for the quarter.

Download our free Q4 2023 Games Investment Executive Summary or purchase the standalone single report with quarterly transaction tables and data for $399.

Sign up for the Games Investment Review newsletter or view additional data charts and tables from our Games Investment Review reports on our website at

We always welcome your feedback at