2020 is already a record year for gaming investments, with $5.2 billion in investment in Q3 bringing the year's total to $9.9 billion with one quarter to go.
According to DDM's Games Investment Review, this breaks the previous record set in 2017, when investment reached nearly $8 billion.
Q3 investment alone was higher than investment for the entire first half of the year, and the total number of deals that took place during the first three quarters of the year is up 50% YOY from the same period last year.
In total, Q3 saw over 110 investments that reached $5.2 billion total, led by investments in esports and mobile. Other categories tracked, in order of total investment, were Tech/Other, Console/PC, and AR/VR.
Investment in Q3 was primarily driven by IPOs, which totaled $2.1 billion and accounted for 41% of the total investment.
In total, there were four IPOs in Q3, bringing the total for the year to six IPOs. The largest was Unity's $1.3 billion IPO, but Corsair, Kakao Games, and Archosaur Games/Zulong Entertainment also participated.