In 1977, Sequoia made its first-ever investment in a small gaming startup called Atari. That small startup would go on to revolutionize home console gaming with "Pong" and "Pac-Man."
Today, VC heavyweights like Andreessen Horowitz have established dedicated gaming funds as they search for the next great game and the tools to build it. Some gaming giants also license out tools other developers can use to create their own games, like "Fortnite" maker Epic Games, whose creative suite Unreal Engine is used by developers and filmmakers.
Game developers are also experimenting with new ways to play, like incorporating NFTs and blockchains into gameplay, despite Web3 gaming's recent challenges. And with Apple's foray into augmented and virtual reality, game makers now have a new medium beyond mobile and console gaming.
The market map below outlines the VC gaming ecosystem. Explore the development segment by clicking on the teal tile.
This article originally appeared on PitchBook News
Market Map: Game development startups level up creators
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