About Gaming sector in Southeast Asia
The Gaming sector in Southeast Asia comprises 1.78K companies, including 431 funded companies having collectively raised $2.67B in venture capital money and private equity. Out of these, 82 are Series A+ funded, and 3 have achieved unicorn status.
Gaming sector in Southeast Asia has seen 32 acquisitions and 5 IPOs.
This sector includes game developers for personal computers, mobile devices and eSports. Tech companies that supply gaming hardware and software to gaming studios, developers, players, gaming tournament organisers, etc.
Gaming sector is also known as Gaming Tech.
Companies that create mobile, PC, and eSports games, game publishers and platforms, tech companies that supply analytics, monetization, and advertising to players, eSports organisations, and companies that create and sell gaming hardware like gaming PCs, controllers, and VR headsets, among others. Companies that specialise in real money gambling and betting include those creating, marketing, and selling mechanical arcade games, board games, puzzles, casino equipment, non-gaming virtual reality devices, professional simulation controllers, TV & audiovisual products, computers & peripherals, mobiles & accessories, and game developers are excluded
Top Gaming Companies in Southeast Asia
There are 1,775 Gaming startups in Southeast Asia which include VNG, Sky Mavis, Mighty Bear Games, EVOS, IGG. Out of these, 431 startups are funded, with 82 having secured Series A+ funding, and 3 achieving unicorn status.
Over the past 10 years, an average of 118 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Nanyang Technological University (NTU), National University of Singapore (NUS) and Singapore Management University (SMU).
Here is the list of top Gaming startups in Southeast Asia
1. VNG
Online games developer and cloud solutions provider. The company has various products such as online digital content, community links, utility software, and eCommerce. The games developed and published by the company include Gunny, Kiem The, Crossfire Legends, and more.
Key facts about VNG
2. Sky Mavis
Blockchain-based video game development studio. The company focuses on developing NFT-based strategy and role-playing games. One of the games developed by the company includes Axie Infinity. The game is available on the PC platform.
Key facts about Sky Mavis
- Founded Year: 2019
- Location: Singapore (Singapore)
- Stage: Series B
- Total Funding till date: $311M
- Investors: Andreessen Horowitz, Binance and 33 Others
- Latest Funding Round: Series B, Apr 06, 2022, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 4 of 344 Competitors
Online massive multiplayer mobile game developer. The games developed by the company include Disney melee mania and Butter royale. The games are available on the app store.
Key facts about Mighty Bear Games
- Founded Year: 2016
- Location: Singapore (Singapore)
- Stage: Series A
- Total Funding till date: $13.3M
- Investors: Skycatcher, Global Founders Capital and 42 Others
- Latest Funding Round: Series A, Jul 26, 2022, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 14 of 1,061 Competitors
4. EVOS
It operates a professional esports team and offers merchandise. The company focuses on competitive gaming, participating in various esports tournaments. It also provides fans with branded apparel and other products. The organization actively engages with its audience through news updates and social media.
Key facts about EVOS
- Founded Year: 2016
- Location: Jakarta (Indonesia)
- Stage: Series B
- Total Funding till date: $16.4M
- Investors: Insignia Ventures Partners, Korea Investment Holdings and 5 Others
- Latest Funding Round: Series B, Oct 16, 2020, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 1 of 7 Competitors
5. IGG
IGG is a Singaporean video game developer and publisher focusing on MMORPGs and strategy games for mobile, browser, and PC platforms. It has developed multiple MMORPGs and strategy games including "Lords Mobile: Battle of the Empires" and "Castle Clash: Heroes of the Empire US" for mobile, browser, and PC platforms. Also operates a merchandising store. Its games are available through the freemium model.
Key facts about IGG
- Founded Year: 2005
- Location: Singapore (Singapore)
- Stage: Public
- Total Funding till date: $4.5M
- Investors: Hearst, IDG Ventures and 2 Others
- Latest Funding Round: Series A, Jan 02, 2008, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 26 of 1,796 Competitors
Companies founded year-on-year in the Gaming sector in Southeast Asia
361 Gaming startups in Southeast Asia were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 5 |
2024 | 58 |
2023 | 64 |
2022 | 163 |
2021 | 361 |
2020 | 162 |
2019 | 113 |
2018 | 106 |
2017 | 75 |
2016 | 78 |
Stage-wise distribution of Gaming sector companies in Southeast Asia
Out of the total 1,775 Gaming companies in Southeast Asia, 431 have secured funding. Among them, 82 have reached Series A or higher, and 47 to Series B or beyond.
Founded - 1,775
Funded - 431
Series A+ - 82
Series B+ - 47
Series C+ - 41
Company Stage | No. of companies |
|---|---|
Founded | 1,775 |
Funded | 431 |
Series A+ | 82 |
Series B+ | 47 |
Series C+ | 41 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the Gaming sector in Southeast Asia
Total funding year-on-year in the Gaming sector in Southeast Asia
The Gaming sector in Southeast Asia saw a total funding of more than $2.54B in the last 10 years. The most amount of funding was in 2021 at more than $685M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $12.5M |
2024 | $134M |
2023 | $150M |
2022 | $594M |
2021 | $685M |
2020 | $24.2M |
2019 | $149M |
2018 | $20.6M |
2017 | $588M |
Recent Funding Rounds in Gaming in Southeast Asia
In the year 2025, till July 2025, Gaming companies in Southeast Asia have raised $12.5M in equity funding across 3 rounds.
In the same period last year (i.e. till July 2024), Gaming companies in Southeast Asia had raised $96.5M across 16 rounds.
So, 2025 has seen a 87.05% drop in funding in Gaming companies in Southeast Asia as compared to 2024.
Here are some recent, important funding rounds in Gaming companies in Southeast Asia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 5762 | Jul 31, 2025 | ||
Seed | 3613 | Feb 11, 2025 | ||
Seed | 3707 | Jan 10, 2025 | ||
Seed | 3971 | Sep 11, 2024 | ||
Series B | 9493 | Aug 29, 2024 |
Top Investors in Gaming in Southeast Asia
Play Ventures is the top investor in Gaming companies in Southeast Asia based on number of companies invested.
Here are some top investors in Gaming companies in Southeast Asia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Singapore (Singapore) | ||
Ho Chi Minh City (Vietnam) | ||
Singapore (Singapore) | ||
New York (United States) | ||
Shanghai (China) |
_1583294062927.png?devicePixelRatio=2&height=20&width=20){kind=logo}
M&A activity in Gaming sector in Southeast Asia
In the year 2025, till July 2025, 3 acquisitions happened in Gaming sector in Southeast Asia. Last year, in 2024, a total of 1 acquisition happened in Gaming sector in Southeast Asia.
Here are some recent, important acquisitions in Gaming sector in Southeast Asia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 10, 2025 | ||
Business Acquisition | May 15, 2025 | ||
Business Acquisition | Mar 13, 2025 | ||
Business Acquisition | Mar 12, 2024 | ||
Business Acquisition | Sep 15, 2023 |
Acquisition trends in Gaming sector in Southeast Asia
Here are the acquisition trends in Gaming sector in Southeast Asia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 3 |
2024 | 1 |
2023 | 3 |
2022 | 6 |
2021 | 2 |
2020 | 1 |
2019 | 1 |
2018 | 2 |
2017 | 1 |
2016 | 2 |
IPOs in Gaming in Southeast Asia
In the year 2019, till July 2019, 1 IPO happened in Gaming sector in Southeast Asia.
Here are some recent, important IPOs in Gaming sector in Southeast Asia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 27, 2019 | Hong Kong Exchanges (HKG) | |
Oct 18, 2013 | Hong Kong Exchanges (HKG) |
Colleges which produce the most Gaming companies in Southeast Asia
Companies founded by alumni from top colleges in the Gaming in Southeast Asia
Most number of Gaming startups in Southeast Asia have been founded by alumni from Nanyang Technological University (NTU), National University of Singapore (NUS) and Singapore Management University (SMU).
College | No. of companies |
|---|---|
Nanyang Technological University (NTU) | 15 |
National University of Singapore (NUS) | 15 |
Singapore Management University (SMU) | 6 |
University of California (Los Angeles) | 6 |
Columbia Business School | 4 |
University of Toronto | 4 |
Yale University | 4 |
Carnegie Mellon University | 3 |
Imperial College London | 3 |
Stanford University | 3 |
Total funding in Gaming companies founded by alumni from top colleges in Southeast Asia
In the last 10 years, Yale University graduates' Gaming companies in Southeast Asia have raised the most funding among top colleges. University of California (Los Angeles) alumni are second, and Hong Kong University of Science and Technology (HKUST) alumni are third.
College | Total Funding |
|---|---|
Yale University | $321M |
University of California (Los Angeles) | $39.3M |
Hong Kong University of Science and Technology (HKUST) | $37.1M |
University of Warwick | $19.2M |
King’s College London | $15M |
XLRI- Xavier School of Management | $15M |
Wharton School | $14.4M |
Carnegie Mellon University | $13.8M |
National University of Singapore (NUS) | $11.4M |
Nanyang Technological University (NTU) | $9.7M |
Top News in Gaming in Southeast Asia
•
Bitget Launchpool Introduces GOMBLE (GM) with 15M Tokens in RewardsPR Newswire•Apr 16, 2025•Gomble, Bitget
•
k-ID joins safety coalition, partners with FRVR for age assurance in KrunkerBiometricUpdate.com•Apr 04, 2025•k ID, FRVR
•
FRVR integrates k-ID into Krunker, setting a new standard for child safety in Web gamingMobidictum•Apr 02, 2025•FRVR, k ID
•
EVOS expands to Japan with FKK manufacturing dealAustralian Manufacturing Forum•Mar 19, 2025•EVOS, FKK Group
•
•
Axie Infinity Leads Annual Non-Fungible Token Sales with Over $4.2 BillionBlockchainreporter•Jan 04, 2025•Axie Infinity
•
Pentagon Games Partners with Tron DAO for Immersive Web3 ExperienceGlobal Village Space•Dec 23, 2024•Pentagon Games, TRON DAO
•
•
Vietnamese startup Sky Mavis slashes 21 per cent of workforceVietnam Investment Review•Nov 27, 2024•Sky Mavis
•
