Companies · Gaming

FYX Gaming, Inc.

CARY · Gaming · refined from filed group “Other Technology

Diligence memoA one-page analyst read on FYX Gaming, Inc. — recommendation, valuation, rhythm, risks.
$4.4M
Total raised · real
5
Rounds
0.2×
Latest step-up
Top 22%
Sector rank · raised
Seed
Latest stage · inferred · Tue Jun 13 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

FYX Gaming, Inc. looks under-valued against its niche peers and is at-risk 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 0.07× the median modeled value of Seed Gaming companies in 2022–2024 (18 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.1 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

FYX Gaming, Inc. is one of 344 Gaming companies tracked from CARY. By capital raised it ranks in the upper tier (ahead of 79% 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)
2023-06-13
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$50MPre-Seed · 2019-04-30 Raised $551K (real) Modeled valuation $15M (est)$551K$15MPre-Seed2019Seed · 2020-06-02 Raised $1.3M (real) Modeled valuation $28M (est)$1.3M$28MSeed2020Seed · 2021-08-24 Raised $1.4M (real) Modeled valuation $18M (est)$1.4M$18MSeed2021Seed · 2022-05-11 Raised $1.0M (real) Modeled valuation $10M (est)$1.0M$10MSeed2022Seed · 2023-06-13 Raised $220K (real) Modeled valuation $1.4M (est)$220K$1.4MSeed2023+$1.3M+$1.4M+$1.0M+$220KCumulative $4.4M

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$551K · 2019
Seed$1.3M · 2020
Seed extension$1.4M · 2021
Seed extension$1.0M · 2022
Seed extension$220K · 2023

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

Modeled valuation trajectory
$1.4M
Base estimate est.
$174K
Conservative case
$4.9M
Upside case
$1.1M
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.

Pre-Seed · modeled $15.0M · 2019-04-302019Seed · modeled $28.5M · 2020-06-02Seed · modeled $18.3M · 2021-08-24Seed · modeled $10.0M · 2022-05-11Seed · modeled $1.4M · 2023-06-132023
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
3.0 yr
Elapsed time used
3.0 yr actual, capped for stale marks
gaming
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$1.1M/yr
Capital velocity
7.2 yr
On record since
2019
First round
5
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) 1.6× above median
This company$4.4M
Sector median$2.7M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$220K
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.4M
Sector median$22.8M

Raised more than 79% of sector peers (real $). Modeled value above 52% 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 #18 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 $28.6M (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)FYX Gaming, Inc. (this company) Raised $4.4M · modeled $1.4M (est)FYX Gaming, Inc.
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$28.6M1.46×
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×
FYX Gaming, Inc. this companySeed$4.4M$1.4M0.07×
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$551K2019-04-30$3.1M$15.0M90%
Seed$1.3M2020-06-02$6.5M$28.5M90%
Seed$1.4M2021-08-24$6.8M$18.3M90%
Seed$1.0M2022-05-11$5.0M$10.0M90%
Seed$220K2023-06-13$1.1M$1.4M90%
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$551K2019-04-30
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$1.3M2020-06-02
    • Raised 13 mo later, in step with the ~12 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Seed$1.4M2021-08-24
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  4. Seed$1.0M2022-05-11
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Seed$220K2023-06-13
    • Raised 13 mo later, in step with the ~12 mo sector norm.
    • Round 4.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~12mo cadence
$220K
Modeled next size est.range $220K$352K
0.2×
Last step-up
$1.1M/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
Paul Rajchgod2 other2020-06
Adam Kling2019-04
David Case2020-06
Registry & provenance

FYX 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
1777690
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
Elys Game Technology, Corp.GamingSeed$4.1M$28.9Msame sector · same stage
Midwest Games CoGamingSeed$4.8M$3.3Msame sector · same stage
Wondr Gaming Corp.GamingSeed$4.1M$2.9Msame sector · same stage
Oath Gaming, Inc.GamingSeed$4.0M$3.7Msame sector · same stage
Gaming Collective, Inc.GamingSeed$4.0M$36.5Msame sector · same stage
Global Outlier Gaming, Inc.GamingSeed$4.0M$28.6Msame sector · same stage
Magic Potion Games Inc.GamingSeed$4.0M$1.5Msame sector · same stage
WildCard Games, Inc.GamingSeed$3.7M$55.0Msame 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
XY Gaming, Inc.GamingSeed$54.8M82%
5x5 Gaming, Inc.GamingSeed$21.1M81%
Mobile Gaming Technologies, Inc.GamingPre-Seed$14.5M80%
Community Gaming, Inc.GamingSeries A$129.8M80%
Gaming 247, Inc.GamingSeries B$473.7M79%
Lightfox Games, Inc.GamingSeries A$43.7M79%
SharpLink Gaming, Inc.GamingGrowth/Late$4.0B79%
Allstar Gaming, Inc.GamingSeries A$90.8M79%
Frequently asked
How much funding has FYX Gaming, Inc. raised?
FYX Gaming, Inc. has raised approximately $4.4M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is FYX Gaming, Inc.'s estimated valuation?
Provath's modeled valuation for FYX Gaming, Inc. is approximately $1.4M (modeled range $174K–$4.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is FYX Gaming, Inc. at?
FYX Gaming, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Jun 13.
What does FYX Gaming, Inc. do and where is it based?
FYX Gaming, Inc. operates in the Gaming sector, based in CARY.
Explore related

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

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