Companies · Gaming

ELS Gaming, LLC

BOSTON · Gaming · refined from filed group “Other

Diligence memoA one-page analyst read on ELS Gaming, LLC — recommendation, valuation, rhythm, risks.
$3.0M
Total raised · real
3
Rounds
0.7×
Latest step-up
Top 26%
Sector rank · raised
Seed
Latest stage · inferred · Fri Apr 08 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

ELS Gaming, LLC looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the gaming sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.28× the median modeled value of Seed Gaming companies in 2022–2024 (18 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.2 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

ELS Gaming, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
6.0 yr record
Peak capital year was 2020 with $1.8M across 1 filings.
Market position
ahead of 75% of Gaming peers
Capital scale is ahead of 75% of Gaming peers; modeled value is above 63% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2020: $1.8M across 1 filings.
  • Largest single filing was $1.8M on 2020-07-10.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Gaming

ELS Gaming, LLC is one of 344 Gaming companies tracked from BOSTON. By capital raised it ranks in the upper tier (ahead of 75% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

gaming

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
5
Investors (latest)
2022-04-08
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MSeed · 2020-07-10 Raised $1.8M (real) Modeled valuation $38M (est)$1.8M$38MSeed2020Seed · 2021-11-08 Raised $750K (real) Modeled valuation $9.3M (est)$750K$9.3MSeed2021Seed · 2022-04-08 Raised $527K (real) Modeled valuation $5.5M (est)$527K$5.5MSeed2022+$750K+$527KCumulative $3.0M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.8M · 2020
Seed extension$750K · 2021
Seed extension$527K · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$5.5M
Base estimate est.
$417K
Conservative case
$26.7M
Upside case
$2.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the gaming sector profile. Directional, not a quoted figure.

Seed · modeled $37.9M · 2020-07-102020Seed · modeled $9.3M · 2021-11-08Seed · modeled $5.5M · 2022-04-082022
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
35%
Survival probability
16% low · 55% high
1.52×/yr
Annual markup
2.00×/yr upside case
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
gaming
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$1.7M/yr
Capital velocity
6.0 yr
On record since
2020
First round
3
Rounds on file
How it compares to the market

Benchmarked against 344 companies in Gaming. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.1× above median
This company$3.0M
Sector median$2.7M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$527K
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$5.5M
Sector median$22.8M

Raised more than 75% of sector peers (real $). Modeled value above 63% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #15 of 18.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Gaming Collective, Inc. · Seed Raised $4.0M · modeled $36.5M (est)Elys Game Technology, Corp. · Seed Raised $4.1M · modeled $28.9M (est)Savepoint Games Inc. · Seed Raised $2.5M · modeled $28.7M (est)Global Outlier Gaming, Inc. · Seed Raised $4.0M · modeled $28.5M (est)Brinkbound Games Inc. · Seed Raised $3.1M · modeled $25.8M (est)Skrmiish · Seed Raised $2.5M · modeled $22.8M (est)5x5 Gaming, Inc. · Seed Raised $1.8M · modeled $21.1M (est)Jackpot 16 Card Game, Inc. · Seed Raised $3.6M · modeled $21.0M (est)GameSquare Esports Inc · Seed Raised $2.1M · modeled $20.7M (est)Barnyard Games, Inc. · Seed Raised $3.4M · modeled $18.5M (est)Game Theory Group International, LLC · Seed Raised $2.2M · modeled $16.8M (est)Harmony Games Inc. · Seed Raised $2.7M · modeled $16.4M (est)ELS Gaming, LLC (this company) Raised $3.0M · modeled $5.5M (est)ELS Gaming, LLC
CompanyStageRaised · realValue · estvs peer med.
Gaming Collective, Inc.Seed$4.0M$36.5M1.86×
Elys Game Technology, Corp.Seed$4.1M$28.9M1.48×
Savepoint Games Inc.Seed$2.5M$28.7M1.47×
Global Outlier Gaming, Inc.Seed$4.0M$28.5M1.46×
Brinkbound Games Inc.Seed$3.1M$25.8M1.32×
SkrmiishSeed$2.5M$22.8M1.16×
5x5 Gaming, Inc.Seed$1.8M$21.1M1.08×
Jackpot 16 Card Game, Inc.Seed$3.6M$21.0M1.07×
GameSquare Esports IncSeed$2.1M$20.7M1.06×
Barnyard Games, Inc.Seed$3.4M$18.5M0.94×
Game Theory Group International, LLCSeed$2.2M$16.8M0.86×
Harmony Games Inc.Seed$2.7M$16.4M0.84×
ELS Gaming, LLC this companySeed$3.0M$5.5M0.28×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.8M2020-07-10$8.8M$37.9M90%
Seed$750K2021-11-08$3.8M$9.3M90%
Seed$527K2022-04-08$2.6M$5.5M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.8M2020-07-10
    • First recorded raise — entered as Seed.
    • 4 investors on this round.
  2. Seed$750K2021-11-08
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • Switched to Rule 04.3 (was Rule 506(b)).
    • 1 investor on this round.
  3. Seed$527K2022-04-08
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 04.3).
    • 5 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~10mo cadence
$527K
Modeled next size est.range $527K$843K
0.7×
Last step-up
$1.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Cezar Froelich2020-07
George Mellon2020-07
Lawrence Lucas2020-07
Prentice Salter2020-07
William Yucatonis2020-07
Registry & provenance

ELS Gaming, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1818356
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Skystone Games Inc.GamingSeed$3.0M$64.8Msame sector · same stage
Brinkbound Games Inc.GamingSeed$3.1M$25.8Msame sector · same stage
Reflection Games, Inc.GamingSeed$3.2M$3.1Msame sector · same stage
Good Gaming, Inc.GamingSeed$3.3M$38.1Msame sector · same stage
Psychedelic Games, Inc.GamingSeed$3.3M$7.3Msame sector · same stage
SportsHub Games Network, Inc.GamingSeed$2.8M$60.5Msame sector · same stage
Barnyard Games, Inc.GamingSeed$3.4M$18.5Msame sector · same stage
Harmony Games Inc.GamingSeed$2.7M$16.4Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Elodie Games, Inc.GamingSeries A$21.6M82%
Ve Gaming, LlcGamingSeries B$238.6M80%
Esports Exclusive, Inc.Business ServicesPre-Seed$5.2M80%
Underworld ESports, LLCGamingSeed$27.3M78%
EliteGamingLIVE, Inc.Other TechnologyPre-Seed$10.3M77%
HV Gaming I, LLCGamingSeed$24.9M77%
Esports Entertainment Group, Inc.GamingSeed$46.2M77%
Junglee Games, Inc.GamingSeed$39.1M76%
Frequently asked
How much funding has ELS Gaming, LLC raised?
ELS Gaming, LLC has raised approximately $3.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is ELS Gaming, LLC's estimated valuation?
Provath's modeled valuation for ELS Gaming, LLC is approximately $5.5M (modeled range $417K–$26.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ELS Gaming, LLC at?
ELS Gaming, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Apr 08.
What does ELS Gaming, LLC do and where is it based?
ELS Gaming, LLC operates in the Gaming sector, based in BOSTON.
Explore related

See where ELS Gaming, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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