Konvoy Ventures

The global video game industry makes more money each year than movies and music combined. But that doesn’t mean the sector was immune to the macroeconomic impacts of the last few years. Gaming companies have held sizable layoffs, and venture funding to the category hit a five-year low in 2023. But VCs are optimistic that things will turn around this year. Gaming startups raised $2 billion last year, according to a report from video game-focused VC Konvoy Ventures. 2023’s total was down significantly from 2021, $9.9…