Diligence memo · auto-generated · as of July 2, 2026
Lightforge Games Inc.
Lightforge Games Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Lightforge Games Inc. operates in Gaming, based in CARY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lightforge Games Inc. has raised $12M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $7.0M on 2022-02-10.
Most recent recorded round closed around 2022-02-10.
Valuation (modeled)modeled
Provath models Lightforge Games Inc. at approximately $71M (range $8.4M–$267M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.48× the median modeled value of Series A Gaming companies in 2022–2024 (22 peers) — value vs value, same stage and era. Within the normal band (148% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 4.4 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 89% of Gaming peers (344 compared).
Modeled value ranks above 89% of those peers.
Closest niche peers: Community Gaming, Inc., ForeVR Games Inc., Allstar Gaming, Inc., Good Game, Inc, Perfect Game Group, Inc.
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.