The gaming industry features 20 unicorn startups from around the world. These companies range from game developers to the communication platforms that support player communities.
Interactive entertainment company Epic Games leads the pack with a $23 billion valuation. Other companies like Dream Games have also grown quickly, reaching a $5 billion valuation since its 2019 founding.
Below is the full list of 20 Gaming unicorn startups at this time.
Top 10 Most Valuable Gaming Unicorns
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Get the Sheet for $50Epic Games develops blockbuster video games and the powerful Unreal Engine used by creators worldwide. They’re the creators of the global gaming phenomenon Fortnite, and their engine provides foundational tools for developers building immersive 3D content.
| Valuation | $23B (Joined October 2018) |
| Headquarters | Cary, North Carolina, United States |
| Year Founded | 1991 |
| Founders | Mark Rein, Tim Sweeney |
| Funding Amount | $7.9B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Quiet Capital, Lightspeed Venture Partners, BlackRock, Franklin Templeton, ICONIQ Growth |
Discord offers a communication platform where users can create communities through voice, video, and text chat. Originally gaining popularity within the gaming world, it has since expanded to host a wide variety of online groups.
| Valuation | $15B (Joined April 2018) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2015 |
| Founders | J- C-, Stanislav Vishnevskiy |
| Funding Amount | $995.4M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series I |
| Top Investors | Index Ventures, Benchmark, Franklin Templeton, General Catalyst, Accel |
Moon Active creates popular mobile games for a global audience on iOS, Android, and Facebook. The studio is behind Coin Master, one of the world's most successful and highest-grossing mobile titles.
| Valuation | $5B (Joined January 2020) |
| Headquarters | Tel Aviv, Tel Aviv, Israel |
| Year Founded | 2011 |
| Founders | Samuel Albin |
| Funding Amount | $425M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Roy Oron, Andalusian Private Capital, Vintage Investment Partners, Insight Partners, Velo Partners |
Dream Games creates high-quality mobile puzzle games that combine engaging gameplay with creative storytelling. Their breakout hit, Royal Match, quickly became one of the world's top-grossing mobile games.
| Valuation | $5B |
| Headquarters | Istanbul, Istanbul, Turkey |
| Year Founded | 2019 |
| Founders | Eren Sengul, Hakan Saglam, Ikbal Namli, Serdar Yilmaz, Soner Aydemir |
| Funding Amount | $3B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | CVC Capital Partners, IVP, BlackRock, Balderton Capital, Index Ventures |
Sorare runs a global fantasy football game where players buy, trade, and play with officially licensed digital cards. The platform uses blockchain technology to create these cards as verifiable digital collectibles, allowing users to manage their teams and compete in tournaments.
| Valuation | $4.3B (Joined September 2021) |
| Headquarters | Paris, Ile-de-France, France |
| Year Founded | 2018 |
| Founders | Adrien Montfort, Nicolas Julia |
| Funding Amount | $739.2M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Headline, Benchmark, Bessemer Venture Partners, Accel, IVP |
Rec Room builds a cross-platform gaming universe where users can play and create games together. Their platform is recognized for fostering a global community and enabling user-generated content across VR, mobile, and console devices.
| Valuation | $4B (Joined March 2021) |
| Headquarters | Seattle, Washington, United States |
| Year Founded | 2016 |
| Founders | Bilal Orhan, Cameron Brown, Dan Kroymann, John Bevis, Josh Wehrly, Nick Fajt |
| Funding Amount | $294M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | First Round Capital, Madrona, Coatue, Sequoia Capital, Index Ventures |
Improbable develops technology for creating interconnected virtual worlds and large-scale simulations. Their platform allows developers to build rich, persistent online experiences for thousands of users at once.
| Valuation | $3.36B (Joined May 2017) |
| Headquarters | London, England, United Kingdom |
| Year Founded | 2012 |
| Founders | Herman Narula, Peter Lipka, Rob Whitehead |
| Funding Amount | $853.9M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | LocalGlobe, CMT Digital, Temasek Holdings, Andreessen Horowitz, Amadeus Capital Partners |
Immutable provides a comprehensive platform for developers to build and scale high-quality web3 games. Their technology powers mass-market games with features like zero gas fees for transactions and true ownership of in-game assets for players.
| Valuation | $3B |
| Headquarters | Sydney, New South Wales, Australia |
| Year Founded | 2018 |
| Founders | Alex Connolly, James Ferguson, Robbie Ferguson |
| Funding Amount | $277.4M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | CMT Digital, Coinbase Ventures, Airtree Ventures, BACKED VC, Temasek Holdings |
Games24x7 develops a portfolio of online skill-based games, including one of India's largest rummy platforms. They are best known for their popular titles RummyCircle and the fantasy sports app My11Circle.
| Valuation | $3B (Joined March 2022) |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2006 |
| Founders | Bhavin Pandya, Trivikraman Thampy |
| Funding Amount | $75M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Tiger Global Management, Malabar Investment Advisors, The Raine Group, Das & Co. |
Wildlife Studios develops and publishes a diverse portfolio of mobile games for a global audience. They are recognized for creating massive, competitive hits that connect millions of players worldwide.
| Valuation | $3B (Joined December 2019) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2011 |
| Founders | Arthur Lazarte, Michael Mac-Vicar, Victor Lazarte |
| Funding Amount | $260M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Human Capital, Bessemer Venture Partners, Benchmark, Base Partners, Upload Ventures |
The Remaining 10 Gaming Unicorns
The biggest names in gaming are only part of a much larger picture. This next group of companies is truly global, with founders building from the United States to South Korea and India.
Combined, they have raised nearly $4 billion to build new worlds and experiences for players. Here’s a look at the other gaming unicorns making their mark.