The gaming industry just broke another record
The industry now has more unicorns, or startups with valuations topping $1 billion, than ever before. The total value of the gaming unicorn universe now sits at $192.2 billion.
According to Evan Van Zelfden, founder of Games One, there is still a good pipeline of video game companies that are headed towards IPO’s or acquisitions. So not only is the viability of the industry cemented as a money maker, but growth is expected to continue from the bottom up. Perhaps for many years to come.
Because of the attention gaming companies are getting from the capital markets, private investors and venture capital firms, more gaming companies will eventually reach the $1 billion unicorn valuation, perhaps faster than ever before.
Already a record breaking year for the gaming industry, 2021 could turn out to be one of the top years for gaming investors as well.
Gaming companies on the forefront of in-game social commerce could be some of the newest members of the unicorn club. These companies could also offer investors an early shot at becoming pre-unicorn investors. One of the biggest “bragging-rights” titles in the investment world is owning shares in a company pre-unicorn.
Read more about the Gaming Unicorns HERE
SOURCE: https://venturebeat.com/2021/06/01/game-one-gamings-unicorns-led-by-bytedance-are-worth-192-2b/