PitchBook-2023年二季度游戏报告（英）-2023-WN9.pdf

EMERGING TECH RESEARCHGaming ReportVC trends and emerging opportunitiesQ22023REPORT PREVIEWThe full report is available through the PitchBook Platform.群内每日免费分享5份+最新资料 群内每日免费分享5份+最新资料 300T网盘资源+4040万份行业报告为您的创业、职场、商业、投资、亲子、网赚、艺术、健身、心理、个人成长 全面赋能！添加微信，备注“入群”立刻免费领取 立刻免费领取 200套知识地图+最新研报收钱文案、增长黑客、产品运营、品牌企划、营销战略、办公软件、会计财务、广告设计、摄影修图、视频剪辑、直播带货、电商运营、投资理财、汽车房产、餐饮烹饪、职场经验、演讲口才、风水命理、心理思维、恋爱情趣、美妆护肤、健身瘦身、格斗搏击、漫画手绘、声乐训练、自媒体打造、效率软件工具、游戏影音扫码先加好友，以备不时之需扫码先加好友，以备不时之需行业报告/思维导图/电子书/资讯情报行业报告/思维导图/电子书/资讯情报致终身学习者社群致终身学习者社群关注公众号获取更多资料关注公众号获取更多资料ContentsQ2 2023 Gaming ReportCONFIDENTIAL.NOT FOR REDISTRIBUTION.PG 2Institutional Research Group AnalysisPublishingReport designed by Drew Sanders and Jenna OMalley Published on August 25,2023Vertical update3Q2 2023 timeline5Gaming landscape6Gaming VC ecosystem market map7VC activity8Emerging opportunities16User generated content17Cloud gaming19Select company highlights21HyperPlay22Triumph Labs23Goals24DataTJ Mei Data AnalystEric Bellomo Analyst,Emerging Technology We are adding PitchBook Exit Predictor probabilities to our Emerging Technology Research reports.PitchBooks proprietary VC Exit Predictor estimates the probability that a startup,or VC-backed company,will successfully IPO,be acquired,or merge.The tool is available exclusively to PitchBook subscribers.Q2 2023 Gaming ReportCONFIDENTIAL.NOT FOR REDISTRIBUTION.PG 5Q2 2023 timelineApr 1May 1Jun 1Jun 30Q2 VC deal count summary110total deals-29.0%QoQ growth-57.5%YoY growth-56.3%YTD growthQ2 VC deal value summary$1.1Btotal deal value12.1%QoQ growth-82.1%YoY growth-79.7%YTD growthVC dealMay 22Gardens closes a$31.4 million Series A to further develop their fantasy action role-playing game.NewsJune 13Embracer Group announces a restructuring after a$2.0 billion deal with an unnamed party backs out of a deal.At the time of the announcement,Embracer employed 17,000 people across 138 studios.VC exitApril 20Sony acquires Firewalk Studios from ProbablyMonsters for an undisclosed amount.NewsJune 5Apples long-awaited entry into the VR marketplace is finalized with Apple Vision Pro.With its price set at$3,499,Apple is also working toward an alternative model with a cheaper price tag.5VC dealJune 27Anzu raises a$48.0 million Series B to build out their programmatic,in-game advertising platform.VC exitApril 17Sega announces the acquisition of Angry Birds developer Rovio for$775.0 million in an all-cash deal.5:“How Apple Can Bring Down the Price of Apple Vision Headset From$3,500,”Bloomberg,Mark Gurman,June 11,2023.Q2 2023 Gaming ReportCONFIDENTIAL.NOT FOR REDISTRIBUTION.PG 6Gaming landscapeDevelopmentOperationsAccessContentExperience3451212345Q2 2023 Gaming ReportCONFIDENTIAL.NOT FOR REDISTRIBUTION.PG 8VC activityThe gaming startup ecosystem experienced a slight QoQ increase in deal value but a decrease in deal count during Q2 2023.Deal value totaled$1.1 billion across 110 deals,an increase of 12.1%from$1.0 billion,and decrease of 29.0%from 155 deals,respectively.Both figures represent substantial step-backs relative to 2022,as deal value fell over 80%and deal count is down 57.5%YoY.Despite the deceleration,several notable deals occurred,including specialized cloud provider CoreWeaves$421.0 million Series B,developers Metagames$100.0 million early stage,Mythical Games$50.0 million Series C,Gardens$31.4 million Series A,and in-game advertising platform Anzus$48.0 million Series B.Overall,development startups led all segments with$488.0 million in deal value,narrowly edging out the content segment with$483.4 million in deal value.Publishers,developers,and studios led all subsegments with$304.1 million in VC investment,followed by technology services at$437.5 millionwhich was boosted significantly by CoreWeave.Late-stage deals accounted for the largest portion of VC investment in Q2 2023,totaling$611.0 million.This was the first time since Q1 2022,and the largest such delta since Q3 2021,when late-stage capital outperformed other categories.Despite late stage out-performing in deal value,early-stage and angel and seed deals accounted for 71.8%of VC deal count.This amount of activity in early-stage startups underscores investor optimism for the industrys long-term growth potential.Geographically,North America($1.3 billion)continues to outpace other regions,namely Asia($400.0 million)and Europe($300.0 million),through H1.Gaming VC deal activitySource:PitchBook Geography:Global *As of June 30,2023$0.8$2.4$2.9$3.5$4.2$6.6$3.6$6.7$15.9$13.7$2.11772693653604074285105621,05494426520132014201520162017201820192020202120222023*Deal value($B)Deal countGaming VC exit activitySource:PitchBook Geography:Global *As of June 30,2023$2.4$6.4$1.8$2.2$12.6$6.9$5.8$30.3$17.5$2.8$0.2182120272426373996581920132014201520162017201820192020202120222023*Exit value($B)Exit countQ2 2023 Gaming ReportCONFIDENTIAL.NOT FOR REDISTRIBUTION.PG 11VC ACTIVITYCompanyClose date(2023)SubsegmentStageDeal value($M)Lead investor(s)Metagame IndustriesMay 19Publishers,developers&studiosN/A$100.0N/AbetrJune 27GamblingSeries A2$35.0Eberg Capital,Fuel Venture Capital,IA Sports VenturesGardensMay 22Publishers,developers&studiosSeries A$31.4Krafton,Lightspeed Venture PartnersRadio CacaApril 6Games&platformsN/A$30.0N/AGoalsApril 19Games&platformsSeries A$20.0Seven Seven SixHyperPlayJune 8Developer toolsSeries A$12.0BITKRAFT Ventures,Griffin Gaming PartnersTriumph LabsMay 10Developer toolsSeries A$10.2General CatalystCheeleeJune 14Social&communityN/A$10.0N/AIlluviumJune 4Games&platformsN/A$10.0N/ABigBrainApril 28Games&platformsSeries A$8.5N/ASource:PitchBook Geography:Global *As of June 30,2023Key gaming early-stage VC deals in Q2 2023*Q2 2023 Gaming ReportCONFIDENTIAL.NOT FOR REDISTRIBUTION.PG 15VC ACTIVITYTop VC-backed gaming companies by total VC raised to date in Q2 2023*Company VC raised to date($M)SubegmentHQ countryIPO probability(%)M&A probability(%)No exit probability(%)Epic Games$5,750.0Publishers,developers&studiosUS20%78%2%Dream Sports$1,182.5GamblingIndia86%12%2%Voodoo$1,115.4Publishers,developers&studiosFrance79%19%2%Discord$1,100.3Social&communityUS60%38%2%Forte$952.0Technology servicesUS40%57%3%Niantic$780.0Games&platformsUS90%8%2%Sorare$738.0Games&platformsFrance17%79%4%Dapper Labs$643.6Publishers,developers&studiosCanada66%32%2%Cockroach Labs$633.1Developer toolsUS65%33%2%CoreWeave$481.4Technology servicesUS64%34%2%Source:PitchBook Geography:Global *As of June 30,2023Note:Probability data based on PitchBook VC Exit Predictor methodology.Q2 2023 Gaming ReportCONFIDENTIAL.NOT FOR REDISTRIBUTION.PG 23SELECT COMPANY HIGHLIGHTS:TRIUMPH LABSOverviewTriumph Labs enables game developers to monetize their games by adding real-money tournaments to mobile games via their proprietary SDK and engine.The startups most recent fundraise will be used to expand to other platforms beyond mobile.This deal reflects the need of developers to consistently attract and monetize their user base,as well as novel strategies to leverage esports enthusiasm.Other games do incorporate real-money offerings,but few offer services to third-party developers.Legal ambiguity and technical complexity have discouraged developers from integrating these real-money experiences,but Triumph Labs plug-and-play integration is positioned to significantly reduce this complexity.LeadershipTriumph Labs was co-founded and is led by co-CEOs Jacob Brooks and Jared Geller.They are both computer science students and past roommates at Stanford University.This is the duos first company.Financing historyTriumph Labs raised$10.2 million in its Series A in May 2023,led by General Catalyst at a$51.2 million post-money valuation.Strike Capital,Flux Capital,Tribe Capital,Raven One Ventures,NOMO Ventures,and others participated in the round.The funds will be used to expand to additional platforms beyond mobile and will offer novel real-money experiences.The company previously raised$3.8 million of seed funding from Flux Capital at a pre-money valuation of$24.2 million.Founded2020Total raised$14.0MLast financing valuation$51.2MLocationSan Francisco,CaliforniaLast financingRaised$10.2M in a Series AExit Predictor92%success probability,M&AAbout PitchBook Industry and Technology ResearchIndependent,objective,and timely market intelAs the private markets continue to grow in complexity and competition,its essential for investors to understand the industries,sectors and companies driving the asset class.Our Industry and Technology Research provides detailed analysis of nascent tech sectors so you can better navigate the changing markets you operate inand pursue new opportunities with confidence.2023 by PitchBook Data,Inc.All rights reserved.No part of this publication may be reproduced in any form or by any meansgraphic,electronic,or mechanical,including photocopying,recording,taping,and information storage and retrieval systemswithout the express written permission of PitchBook Data,Inc.Contents are based on information from sources believed to be reliable,but accuracy and completeness cannot be guaranteed.Nothing herein should be construed as any past,current or future recommendation to buy or sell any security or an offer to sell,or a solicitation of an offer to buy any security.This material does not purport to contain all of the information that a prospective investor may wish to consider and is not to be relied upon as such or used in substitution for the exercise of independent judgment.Additional researchPitchBook Data,Inc.John Gabbert Founder,CEONizar Tarhuni Vice President,Institutional Research and EditorialPaul Condra Head of Emerging Technology ResearchEric Bellomo Gaming E-CommerceBrendan Burke Internet of Things Information Security Artificial Intelligence&Machine LearningAaron DeGagne Medtech Digital HealthAlex Frederick Agtech FoodtechJonathan Geurkink Supply Chain Tech Mobility TechKazi Helal Biopharma PharmatechDerek Hernandez Enterprise SaaS Ali Javaheri Emerging SpacesRobert Le Insurtech CryptoJohn MacDonagh Carbon&Emissions Tech Clean Energy TechRebecca Springer Healthcare Services Healthcare ITRudy Yang Enterprise Fintech Retail Fintech群内每日免费分享5份+最新资料 群内每日免费分享5份+最新资料 300T网盘资源+4040万份行业报告为您的创业、职场、商业、投资、亲子、网赚、艺术、健身、心理、个人成长 全面赋能！添加微信，备注“入群”立刻免费领取 立刻免费领取 200套知识地图+最新研报收钱文案、增长黑客、产品运营、品牌企划、营销战略、办公软件、会计财务、广告设计、摄影修图、视频剪辑、直播带货、电商运营、投资理财、汽车房产、餐饮烹饪、职场经验、演讲口才、风水命理、心理思维、恋爱情趣、美妆护肤、健身瘦身、格斗搏击、漫画手绘、声乐训练、自媒体打造、效率软件工具、游戏影音扫码先加好友，以备不时之需扫码先加好友，以备不时之需行业报告/思维导图/电子书/资讯情报行业报告/思维导图/电子书/资讯情报致终身学习者社群致终身学习者社群关注公众号获取更多资料关注公众号获取更多资料