Report: Game companies raise record $1.05B in 2010, up 58 percent

VentureBeat estimates game funding by venture capital broke $1.05 billion this year, a 58 percent increase from last. It's also a significant growth from the previously recorded high of $936.8 million in 2008. The video game industry - which is now spread across boxed, digitally distributed, mobile and social (i.e. Facebook) products - has obviously given VC firms plenty of places to gamble, er, strategically invest millions of dollars.

Big winners this year (at least, those that revealed investments) were Zynga (Farmville) with $150 million from SoftBank (with, possibly, significantly more from Google). Also, ZeniMax Media (Fallout, Elder Scrolls, id Software), also received $150 million. There were also major investments in Gazillion, OnLive and Playdom. Head on over to VentureBeat to see the millions of dollars going to game companies you'll likely never hear of... ever.

Report: Game companies raise record $1.05B in 2010, up 58 percent originally appeared on Joystiq on Fri, 24 Dec 2010 01:30:00 EST. Please see our terms for use of feeds.

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