Data Points: Top Mobile Gaming Investments Q4 2023

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

Top Mobile Gaming Investments Q4 2023:

  1. LINE NEXT
  2. Animoca Brands
  3. Animoca Brands
  4. Matr1x
  5. Aptoide

Q4 Mobile Investments totaled $305.0M across 36 investments (-36% in value and an -27% in volume compared to Q3’s $478.6M across 49 investments).

The top mobile investments were dominated by blockchain and USA-based blockchain games platform provider LINE NEXT’s $140.0M mid/late-stage investment from Crescendo Equity Partners was the largest mobile gaming investment of the quarter.

China-based blockchain mobile games developer and publisher Animoca Brands (Gacha Monsters, MetaFight, and Upland) and VC firm Foresight Ventures (Animoca Brands, Bazooka Tango, and Sleepless AI) were the most active mobile investors at three a piece.

Q4 held no mobile IPOs (compared to Q3’s $20.5M in market capitalization across 1 IPO).

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