Games Investment Review Q1 2024 Executive Summary Report

May, 2024 ▪
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6 Investments Merit Circle 6 Investments 7 Investments
8 Investments Animoca Brands
Q1 Round Total
($M, USD)
Q1 Top Round
Value ($M, USD) Stages Top Segments
93.7 35.0 Early, Mid/Late Console/PC, MCG
Parallel , blockchain games developer, raised $35.0M in a late -stage funding round
Blockchain games developer Illuvium raised $12.0M in a Series A funding round
Blockchain games developer Overworld raised $10.0M in a Seed funding round
Spartan Group
Blockchain games developer Illuvium raised $12.0M in a Series A funding round
Metacene , blockchain MMO games developer, raised $10.0M in an early -stage funding round
Pixelmon , a blockchain creator and games developer, raised $8.0M in a Seed funding round
8 Investments
Q1 Round Total
($M, USD)
Q1 Top Round
Value ($M, USD) Stages Top Segments
37.0 12.0 Early MCG, Mobile, Console/PC, Tech/Other
Andreessen
Horowitz
PC games developer Mountaintop Studios raised $30.0M in an early -stage funding round
Kaedim , AI -driven games art tool provider, raised $15.0M in a Series A round
Blockchain mobile games developer Carbonated raised $11.0M in a Series A funding round
Q1 Round Total
($M, USD)
Q1 Top Round
Value ($M, USD) Stages Top Segments
64.3 30.0 Early, Mid/Late Mobile, Console/PC, Tech/Other, MCG
Cypher Capital
Blockchain mobile games developer Carbonated raised $11.0M in a Series A funding round
Pixelmon , a blockchain creator and games developer, raised $8.0M in a Seed funding round
BlockGames , blockchain player profile solutions provider, raised $6.0M in an early -stage round
Q1 Round Total
($M, USD)
Q1 Top Round
Value ($M, USD) Stages Top Segments
32.0 11.0 Early Mobile, MCG, Tech/Other
Pixelmon , a blockchain creator and games developer, raised $8.0M in a Seed funding round
Blockchain social party games developer Vermilion Studios raised $7.0M in a Seed funding round
Ready Games , a mobile gaming blockchain solutions provider, raised $4.0M in an early -stage funding round
Q1 Round Total
($M, USD)
Q1 Top Round
Value ($M, USD) Stages Top Segments
26.5 8.0 Early MCG, Mobile, Console/PC