
Gameflip
Simplest and easiest way to buy and sell everything video game related.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
$5.0m | Seed | ||
Total Funding | 000k |
USD | 2020 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | - | 11 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Established in 2015 and based in the Silicon Valley hub of San Jose, Gameflip operates as a digital commerce platform tailored for the gaming community. The company was founded by JT Nguyen and K.T. Tran, both of whom are serial entrepreneurs with backgrounds in the technology and gaming sectors. Their collective experience has been instrumental in developing a platform focused on secure and scalable transactions of digital goods.
Gameflip's core business revolves around a marketplace that facilitates the buying and selling of a wide range of digital items, including in-game goods, codes, and services. The platform serves a community of over 6 million gamers, enabling them to monetize their digital assets. The business model is centered on taking a commission from the transactions conducted on its marketplace, which have surpassed $120 million in total value. The platform aims to provide a secure environment, addressing common issues of trust and safety in peer-to-peer digital trading.
In a move to address the evolving landscape of digital ownership, the company has integrated blockchain technology to support the trading of Non-Fungible Tokens (NFTs). This expansion allows users to transact playable and verifiable digital assets. The platform is designed to be accessible to a mainstream audience by simplifying the complexities often associated with blockchain, such as gas fees and intricate wallet management. Transactions can be completed using both traditional fiat currencies and cryptocurrencies, incorporating regulatory compliance measures. The company's technology is also presented as an environmentally sustainable option within the blockchain space. Gameflip has secured funding from investors including Bullpen Capital, GoAhead Ventures, and Lightbank.
Keywords: digital marketplace, gaming commerce, peer-to-peer trading, in-game assets, digital collectibles, NFTs, blockchain commerce, virtual goods, gaming economy, monetization platform