iGB_Esports-report-2023 | Page 20

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The most active venture capital firms in the first nine months of 2022 include Bitkraft , a16z , Galaxy Interactive and Griffin Gaming

Deal value by segment YTD Sept 22 ($ bn )
$ 4.0
Platform
Source : Drake Star
$ 6.8 Hardware / tools
$ 14.0 Mobile
$ 2.1
Esports
$ 74.7
PC / console
Guinevere Capital , deals have been shifting towards consolidation for some time and will likely continue into the near future .
“ Previously , it was maybe more about growth . Now it ’ s more about consolidation ,” he says . “ Tencent and Microsoft and all the big players are starting to swallow up a lot of players .
“ There are some companies that are just getting great momentum and they ’ re getting investment . On the flip side , there are some that struggle on the road and need to be amalgamated into large portfolios .”
Esports report 2023