Sectors · Consumer & Retail

Gaming

Private financing across Gaming, aggregated from public sources.

Gaming is a subsector of Consumer & Retail. Zoom out to read the whole macro sector $96.3B raised across 8,511 companies.

$6.3B
Capital raised
344
Companies
322
Rounds
2011
First on record
2026-02-12
Latest round

Cooling Gaming drew $107.3M over the last 12 months, down 77% versus the prior 12 ($473.5M). Of 159 companies rankable against same-niche peers, 18% model over-valued and 27% under-valued.

Capital flow over time

Quarterly capital raised across Gaming.

2011-Q1 · $300K2011-Q12012-Q2 · $150.2M2012-Q3 · $280K2012-Q4 · $850K2013-Q1 · $200K2013-Q2 · $6.2M2013-Q22014-Q1 · $8.4M2014-Q3 · $22.5M2014-Q4 · $1.8M2015-Q2 · $4.7M2015-Q4 · $8.9M2015-Q42016-Q1 · $1.5M2016-Q2 · $5.0M2016-Q3 · $615K2016-Q4 · $18.2M2017-Q1 · $38.4M2017-Q12017-Q2 · $4.4M2017-Q3 · $23.2M2017-Q4 · $19.8M2018-Q1 · $6.6M2018-Q2 · $12.2M2018-Q22018-Q3 · $462.0M2018-Q4 · $31.0M2019-Q1 · $3.6M2019-Q2 · $31.4M2019-Q3 · $66.5M2019-Q32019-Q4 · $36.8M2020-Q1 · $10.6M2020-Q2 · $11.4M2020-Q3 · $406.4M2020-Q4 · $16.8M2020-Q42021-Q1 · $264.7M2021-Q2 · $529.1M2021-Q3 · $395.0M2021-Q4 · $1.8B2022-Q1 · $225.0M2022-Q12022-Q2 · $77.5M2022-Q3 · $11.2M2022-Q4 · $740.9M2023-Q1 · $15.7M2023-Q2 · $28.6M2023-Q22023-Q3 · $39.7M2023-Q4 · $24.5M2024-Q1 · $46.5M2024-Q2 · $65.1M2024-Q3 · $13.5M2024-Q32024-Q4 · $7.6M2025-Q1 · $23.2M2025-Q2 · $429.2M2025-Q3 · $31.5M2025-Q4 · $74.2M2025-Q42026-Q1 · $1.6M
Median round size by stage
StageMedian roundRounds
Growth/Late$685.5M3
Series D+$263.8M8
Series C$47.7M6
Series B$20.0M30
Series A$5.7M69
Seed$2.0M101
Pre-Seed$350K105
Top-funded companies
CompanyStageRaisedModeled value
Fanatics Holdings, Inc.
NEW YORK
Growth/Late$3.4B$9.9B
SharpLink Gaming, Inc.
MINNEAPOLIS
Growth/Late$425.0M$4.0B
Game Changers Group
ENCINO
Series D+$302.5M$3.2B
AppLovin Corp
PALO ALTO
Series D+$585.8M$2.7B
Manticore Games, Inc.
SAN MATEO
Series D+$163.9M$1.8B
Rushmore Gaming, LLC
SIOUX FALLS
Series C$50.0M$804.2M
Game Taco, Inc.
SAUSALITO
Series C$55.0M$733.1M
Envy Gaming, Inc.
DALLAS
Series B$54.8M$557.4M
Stonecutter eSports Investors LLC
NEW YORK
Series B$25.9M$507.1M
Hard Carry Gaming Inc.
PALO ALTO
Series B$25.0M$489.8M
Gaming 247, Inc.
PLAYA VISTA
Series B$25.0M$473.3M
eSports Holdco LLC
BOCA RATON
Series B$32.0M$443.0M
GSN Games, Inc.
Santa Monica
Series B$22.5M$441.5M
iMackulate Vision Gaming, Inc.
Atlanta
Series B$20.0M$391.9M
One More Game, Inc.
SEATTLE
Series B$28.7M$339.3M
Game Play Network, Inc.
LOS ANGELES
Series B$49.5M$310.3M
Multiverse, Inc.
SAN FRANCISCO
Series B$17.7M$295.3M
A-Game Beverages, Inc.
CLERMONT
Series B$19.3M$247.7M
Ve Gaming, Llc
CANOGA PARK
Series B$25.0M$238.6M
Teatime Games, Inc.
REYKJAVIK
Series A$10.7M$163.4M
Related sectors

Browse all sectors or the full company rankings.

Frequently asked
How much venture funding has the Gaming sector raised?
Companies in Gaming have raised approximately $6.3B across 322 recorded financing rounds among 344 companies, aggregated from public sources.
Is Gaming venture funding growing?
Gaming funding is currently cooling: capital raised over the last 12 months was down 77% versus the prior 12 months.
What is the typical round size in Gaming?
Median disclosed round sizes in Gaming by stage are: Growth/Late $685.5M, Series D+ $263.8M, Series C $47.7M, Series B $20.0M. These are medians across recorded rounds, not averages.
Which are the most-funded Gaming companies?
The most-funded Gaming companies in our coverage include Fanatics Holdings, Inc., SharpLink Gaming, Inc., Game Changers Group, AppLovin Corp, Manticore Games, Inc.. See the full ranked table for disclosed capital and modeled valuations.
When did Gaming funding activity begin in this data?
The earliest recorded Gaming financing in our coverage dates to 2011, with the most recent round around 2026-02-12.
Gaming venture funding — $6.3B raised · Provath