Q3 2024 Gaming Industry Report Released,
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Konvoy's weekly newsletter offers unique insights into video game industry trends and the evolving landscape of venture capital, essential for staying informed in gaming and investment

Gaming Industry Report - Q3 2024

  1. Gaming VC funding: $517m in Q3 2024, +1% QoQ
  2. Gaming VC deal volume: 92 deals completed in Q3 2024, -14% QoQ
    • Growth-stage funding in Q3-24 ($262m) far surpasses the 2023 average ($159m)
  3. AI x Gaming VC funding: 22% of Gaming VC funding in Q3-24 went into companies related to or referencing AI (vs 7% and 10% in Q1 and Q2, respectively)
    • While AI in gaming is a trend in early-stage gaming VC, less VC capital is going into AI-related companies now compared to blockchain in 2021
  4. Epic Games: Launched competing iOS app store in the EU, sued Google and Samsung
    • Konvoy opinion: Competing app stores will continue to emerge in the EU due to regulatory shifts, and lawsuits likely to continue
  5. US Senate passes online child safety bills (KOSA, COPPA 2.0)
    • Konvoy opinion: Regulation around child safety and data privacy is likely only to continue. With the FTC also suing TikTok this quarter, we are likely to see more lawsuits against tech companies for violating child safety bills.
  6. Keywords Studios taken private
    • Konvoy opinion: The white space in this market, paired with the growth of the video game outsourcing TAM from $13b to $20b over the next 5 years, points toward an exciting opportunity for this market leader.

Gaming Industry Report - Q3 2024

Welcome to Game Changers, the podcast that takes you beyond the games and into the heart of the gaming industry's future. Brought to you by Konvoy, a Denver-based venture capital firm investing in the platforms and technologies at the frontier of gaming. This podcast is your backstage pass to the pioneers, innovators, and visionaries who are redefining how we play and experience these virtual worlds.

In each episode, your hosts—Josh Chapman, Jason Chapman, and Jackson Vaughan, the founders of Konvoy — invite you to join them for candid and open conversations with the industry's most influential leaders. These guests are the “Game Changers”, the masterminds behind the scenes who've built remarkable enterprises and continue to push the boundaries of what's possible for our industry.

Whether you're a gamer, a tech enthusiast, or a startup aficionado, the Game Changers podcast offers valuable insights, inspiring stories, and exclusive access to the minds shaping the future of the gaming industry. Join us as we explore who these Game Changers are, what they've built, and what they're doing now.

Are you ready to level up your understanding of the gaming industry? Subscribe now to "Game Changers" and embark on a journey that goes beyond the screen to uncover the stories behind the gaming world.