Gameflip
About this raise: Gameflip, with a valuation of $34.8 million, is raising funds on StartEngine. The company has developed a digital marketplace for gamers where they can safely buy and sell all things related to gaming. The marketplace is powered by advanced technology and provides gamers with a simple and safe place to flip their gaming items and assets. Gameflip has a community of over six million gamers and has facilitated sales of over $140 million. JT Nguyen and Terry Ngo founded Gameflip in December 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used for growth and expansion.
Investment Overview
Invested : $1,931,213
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 09/02/2022
- Close Date
- 12/15/2023
$10,000
$2,500,000
$250
Equity - Common
Series A
RegCF
$0.50
$34,781,547
Company & Team
Company
- Year Founded
- 2014
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -16% YoY
- $3,280,014
- Monthly Burn
- $129,534
-
Runway
- 19.7 months
- Gross Margin
- 74%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $8,500,000
- VC Backed?
- Yes
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Founder Profile
Gameflip Co-founder JT Nguyen on Gaming and the Blockchain
If you’ve ever played a video game or even mobile game, you’re probably familiar with microtransactions. They're little digital assets you can buy to give you a boost, identify you as part of a team, or even just change your avatar’s look (like the Lollipop Hammer in Candy Crush). Microtransactions are becoming an increasingly popular business model, especially in games that are free to play. But once those items are purchased, they only exist on your account and may even be locked to the device you purchased them on.Gameflip has proposed a solution: a digital marketplace where gamers can buy and sell their digital assets using the blockchain. We interviewed co-founder and CEO JT Nguyen about his inspiration for starting the company and goals for the company in the long term.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.