New York-based Engage Digital Media found that a whopping US$1.38 billion was invested in 87 virtual goods-related companies last year, according to its 2009 Virtual Goods Investment Report.
That amount represents more than three times the US$408 million investment made in the space in 2008. Of the US$1.38 billion, US$398.3 million was acquisition related. The total number of companies receiving investment money also increased year-over-year. In 2009, 87 companies were in the pool versus 34 in 2008.
Further details from the report will be divulged at the upcoming Engage! Expo, taking place in New York next month. Further details are available at http://www.engagedigitalmedia.com/research.
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