Companies · Gaming

Enthusiast Gaming Inc.

TORONTO · Gaming · refined from filed group “Other

Diligence memoA one-page analyst read on Enthusiast Gaming Inc. — recommendation, valuation, rhythm, risks.
$506K
Total raised · real
2
Rounds
0.6×
Latest step-up
Top 44%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Jun 19 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Enthusiast Gaming Inc. 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 0.64× the median modeled value of Pre-Seed Gaming companies in 2016–2018 (15 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.0 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
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

Enthusiast Gaming Inc. is one of 344 Gaming companies tracked from TORONTO. By capital raised it ranks mid-pack (ahead of 57% 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
1
Investors (latest)
2014
Year incorporated
2018-06-19
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$2.5M$5.0M$7.5M$10MPre-Seed · 2018-06-19 Raised $318K (real) Modeled valuation $8.7M (est)$318K$8.7MPre-Seed2018Pre-Seed · 2018-06-19 Raised $188K (real) Modeled valuation $5.1M (est)$188K$5.1MPre-Seed2018+$188KCumulative $506K

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
Pre-Seed$318K · 2018
Pre-Seed extension$188K · 2018

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$8.7M
Base estimate est.
$187K
Conservative case
$98.3M
Upside case
$1.8M
Modeled post-money

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

Pre-Seed · modeled $8.7M · 2018-06-192018Pre-Seed · modeled $5.1M · 2018-06-192018
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
26%
Survival probability
11% low · 48% high
1.63×/yr
Annual markup
2.21×/yr upside case
6.0 yr
Elapsed time used
8.0 yr actual, capped for stale marks
gaming
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
8.0 yr
On record since
2018
First round
2
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) 0.2× of median
This company$506K
Sector median$2.7M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.5× of median
This company$188K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$8.7M
Sector median$22.8M

Raised more than 57% of sector peers (real $). Modeled value above 65% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #10 of 15.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)What Pumpkin Games, Inc. · Pre-Seed Raised $1.3M · modeled $27.3M (est)RD Games Inc · Pre-Seed Raised $900K · modeled $24.5M (est)Game Sports Network, Inc. · Pre-Seed Raised $850K · modeled $23.2M (est)Game Gen, Inc. · Pre-Seed Raised $800K · modeled $21.8M (est)Fsp Esports 1 Llc · Pre-Seed Raised $750K · modeled $20.4M (est)Polysmart · Pre-Seed Raised $600K · modeled $16.4M (est)Mobile Gaming Technologies, Inc. · Pre-Seed Raised $733K · modeled $14.5M (est)Eagre Games, Inc. · Pre-Seed Raised $500K · modeled $13.6M (est)Beautiful Game, Inc. · Pre-Seed Raised $423K · modeled $11.5M (est)Good World Games, Inc. · Pre-Seed Raised $740K · modeled $4.4M (est)Gaming Group Corp. · Pre-Seed Raised $153K · modeled $4.2M (est)Enthusiast Gaming Inc. (this company) Raised $506K · modeled $8.7M (est)Enthusiast Gaming Inc.
CompanyStageRaised · realValue · estvs peer med.
What Pumpkin Games, Inc.Pre-Seed$1.3M$27.3M2.00×
RD Games IncPre-Seed$900K$24.5M1.80×
Game Sports Network, Inc.Pre-Seed$850K$23.2M1.70×
Game Gen, Inc.Pre-Seed$800K$21.8M1.60×
Fsp Esports 1 LlcPre-Seed$750K$20.4M1.50×
PolysmartPre-Seed$600K$16.4M1.20×
Mobile Gaming Technologies, Inc.Pre-Seed$733K$14.5M1.07×
Eagre Games, Inc.Pre-Seed$500K$13.6M1.00×
Beautiful Game, Inc.Pre-Seed$423K$11.5M0.85×
Enthusiast Gaming Inc. this companyPre-Seed$506K$8.7M0.64×
Good World Games, Inc.Pre-Seed$740K$4.4M0.32×
Gaming Group Corp.Pre-Seed$153K$4.2M0.31×
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.
Pre-Seed$318K2018-06-19$1.8M$8.7M90%
Pre-Seed$188K2018-06-19$1.0M$5.1M90%
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. Pre-Seed$318K2018-06-19
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$188K2018-06-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
Modeled next raise
$188K
Modeled next size est.range $188K$301K
0.6×
Last step-up
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
Alan Friedman3 other2018-06
Eric Bernofsky2 other2018-06
Meir Bulua2 other2018-06
Menashe Kestenbaum2 other2018-06
Bryan Watson2018-06
Jason Nagy2018-06
Registry & provenance

Enthusiast Gaming Inc. 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
1745776
SEC CIK
2014
Incorporated
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
Enthusiast Gaming Holdings Inc.GamingPre-Seed$129K$3.5Mnetwork4 shared operators · same sector · same stage
Enthusiast Gaming Media (US) Inc.GamingPre-Seed$764K$10.4Mnetwork2 shared operators · same sector · same stage
Eagre Games, Inc.GamingPre-Seed$500K$13.6Msame sector · same stage
One More Game LLCGamingPre-Seed$500K$4.4Msame sector · same stage
Gaingels Versus Game LlcGamingPre-Seed$477K$6.7Msame sector · same stage
Highpoint Games Holdings, Inc.GamingPre-Seed$450K$4.2Msame sector · same stage
Glow Up Games, Inc.GamingPre-Seed$580K$10.7Msame sector · same stage
GaudHammer Gaming Group, Inc.GamingPre-Seed$600K$1.1Msame 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
Enthusiast Gaming Holdings Inc.GamingPre-Seed$3.5M96%
Enthusiast Gaming Media (US) Inc.GamingPre-Seed$10.4M90%
Envy Gaming, Inc.GamingSeries B$557.9M80%
Game Gen, Inc.GamingPre-Seed$21.8M79%
Community Gaming, Inc.GamingSeries A$129.8M79%
Good Gaming, Inc.GamingSeed$38.1M78%
Game Jolt Inc.GamingSeed$35.8M78%
Mobile Gaming Technologies, Inc.GamingPre-Seed$14.5M77%
Frequently asked
How much funding has Enthusiast Gaming Inc. raised?
Enthusiast Gaming Inc. has raised approximately $506K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Enthusiast Gaming Inc.'s estimated valuation?
Provath's modeled valuation for Enthusiast Gaming Inc. is approximately $8.7M (modeled range $187K–$98.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Enthusiast Gaming Inc. at?
Enthusiast Gaming Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Jun 19.
What does Enthusiast Gaming Inc. do and where is it based?
Enthusiast Gaming Inc. operates in the Gaming sector, based in TORONTO.
Explore related

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