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“The biggest challenge is not closing the deal, but finding it”: The state of the gaming investment market in 2025

In the past couple of years, the investment landscape in the gaming industry has changed significantly. We have gathered up-to-date information as of the end of 2025 on the nuances of fundraising at different stages, current multipliers, deal closing times, and “red flags” during due diligence. Experts from funds such as The Games Fund and GEM Capital assisted us in this.