The games industry is "showing signs of a recovery" from "record-breaking layoffs, closures, and business turmoil."

That's according to DDM's Games Investment Review, which reports "a sizeable uptick" in investments, recovering ground lost in 2023.

Whilst mergers and acquisitions (M&A) remain "low" – even taking out last year's anomalous $68.7bn generated by Microsoft's acquisition of Activision – and not a single quarter in 2023 surpassed $1.3 billion, both Q1 and Q2 in 2024 have "each reached over $2.2bn."

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MixRift has raised $1.6 million in a pre-seed funding round.

Outsized Ventures and Underline Ventures co-led the round, with additional contributions from SOSV and angel investors. The startup intends on using the funding to further develop and publish mixed reality titles.

MixRift was co-founded by CEO Bobby Voicu (previously CEO of social games studio MavenHut), CPO David Pripas (formerly creative director at Augmented Studios) and CTO Andrei Vaduva (previously lead engineer at Green Horse Games). All three of them worked together at MavenHut Games in the past.

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2weeks has raised $1.25 million in pre-seed funding, the newly founded studio has announced.

The round was led by A16Z, with 2weeks also joining the VC firm's accelerator programme, Speedrun.

Anorak Ventures, Blue Heron Ventures, Brendan Iribe, Ben 'CohhCarnage' Cassel, Art Min, Nate Mitchell, Nirav Patel, and Jamie Stormbreaker also contributed to the round.

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Moon Rover Games has raised $3.5 million in funding from NCsoft.

The investment will go towards the development of its co-op shooter codenamed Project Aldous, due to release on PC and consoles.

NCsoft's investment marks the start of a "long term partnership" between the Korean publisher and Moon Rover Games, the announcement said.

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PlayCap – a "pioneering angel investment syndicate led by women" – hopes to "significantly enhance the representation of women" within the games investment arena.

Established by angel investor Bibbi Wikman, PlayCap aims to united seasoned investors with newcomers and create a "collaborative environment where women with experience in the industry can make impactful investments."

PlayCap says it does not restrict its investments to women-led gaming companies only, however, and "remains open to any promising opportunities identified within the gaming industry."

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Bitcoin, the world’s most popular cryptocurrency, has once again captured the attention of investors and enthusiasts alike as it recently soared to a new all-time ...

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