Southeast Asian Gaming and Entertainment Startup Investment Soared in 2021

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Cindy Mutia Annur 28/04/2022 15:40 WIB

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Funding for entertainment and gaming startups in Southeast Asia surged throughout 2021. According to a Cento Ventures report, funding for startups in this sector soared by 2,138% year-on-year.

Investment Value of Gaming & Entertainment Startups (2017-2021)

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Investment Value of Gaming & Entertainment Startups (2017-2021)

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Funding for startups in the entertainment and gaming sectors in Southeast Asia surged throughout 2021. This is based on a Cento Ventures report titled 'SE Asia tech Investment 2021', which shows that funding for startups in this sector soared by 2,138% year-on-year (YoY).

The report states that the gaming and entertainment sector received US$241 million in investment in 2021. This is a significant increase compared to the previous year, which only amounted to US$11 million.

"Specifically for the gaming sector, growth was more than 20 times higher year-on-year," according to the Cento Ventures report.

Indeed, the year-on-year growth in funding for this startup sector was the highest. However, investment in the gaming sector still lags behind other sectors.

For example, the financial technology (fintech) sector was the largest recipient of investment, with US$4.3 billion in 2021.

The trend shows that investment in gaming and entertainment startups in Southeast Asia has been increasing over the past five years. Compared to 2017, investment in this sector has increased by 4,720%.

The rapid investment in the gaming and entertainment sector in Southeast Asia is in line with the significant market potential. The gaming market in the region in 2019 reached US$941 million, or approximately Rp12.8 trillion.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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