Companies · Gaming

Manticore Games, Inc.

SAN MATEO · Gaming · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Manticore Games, Inc. — recommendation, valuation, rhythm, risks.
$163.9M
Total raised · real
4
Rounds
6.7×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Tue Mar 16 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Manticore Games, Inc. has raised $164M over 4 rounds; too few niche peers to rank its valuation yet.

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.

Dormant
  • Last raise 5.3 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

Manticore Games, Inc. is one of 344 Gaming companies tracked from SAN MATEO. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

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

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
14
Investors (latest)
2016
Year incorporated
2021-03-16
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$500M$1.0B$1.5B$2.0BSeries B · 2017-11-29 Raised $19M (real) Modeled valuation $364M (est)$19M$364MSeries B2017Series B · 2019-04-08 Raised $29M (real) Modeled valuation $578M (est)$29M$578MSeries B2019Series B · 2020-09-09 Raised $15M (real) Modeled valuation $278M (est)$15M$278MSeries B2020Series D+ · 2021-03-16 Raised $101M (real) Modeled valuation $1.8B (est)$101M$1.8BSeries D+2021+$29M+$15M+$101MCumulative $164M

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
Series B$18.6M · 2017
Series B extension$29.5M · 2019
Series B extension$15.0M · 2020
Series D+$100.8M · 2021no Series C on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$1.8B
Base estimate est.
$502.7M
Conservative case
$3.6B
Upside case
$840.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the gaming sector profile. Directional, not a quoted figure.

Series B · modeled $364.4M · 2017-11-292017Series B · modeled $577.5M · 2019-04-08Series B · modeled $277.8M · 2020-09-09Series D+ · modeled $1.8B · 2021-03-162021
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
75%
Survival probability
60% low · 83% high
1.22×/yr
Annual markup
1.36×/yr upside case
5.3 yr
Elapsed time used
5.3 yr actual, capped for stale marks
gaming
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$49.8M/yr
Capital velocity
8.6 yr
On record since
2017
First round
4
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) 61× above median
This company$163.9M
Sector median$2.7M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.4× of median
This company$100.8M
Sector median$263.8M
Modeled value — vs sector median (estimate, all stages) 78× above median
This company$1.8B
Sector median$22.8M

Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Game Changers GroupSeries D+$302.5M$3.2B1.28×
Manticore Games, Inc. this companySeries D+$163.9M$1.8B0.72×
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.
Series B$18.6M2017-11-29$103.3M$364.4M90%
Series B$29.5M2019-04-08$163.8M$577.5M90%
Series B$15.0M2020-09-09$83.3M$277.8M90%
Series D+$100.8M2021-03-16$840.1M$1.8B90%
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. Series B$18.6M2017-11-29
    • First recorded raise — entered as Series B.
    • 40 investors on this round.
  2. Series B$29.5M2019-04-08
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 15 investors on this round.
  3. Series B$15.0M2020-09-09
    • Raised 17 mo later, in step with the ~12 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  4. Series D+$100.8M2021-03-16
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round 6.7× larger than the prior — scaling up.
    • 14 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~13mo cadence
$302.4M
Modeled next size est.range $196.6M$483.9M
6.7×
Last step-up
$49.8M/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
Mitch Lasky8 other2017-11
Frederic Descamps1 other2017-11
Jordan Maynard1 other2017-11
Danny Lin2020-09
Kelly Conway2020-09
Registry & provenance

Manticore Games, 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
1724871
SEC CIK
2016
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
Game Changers GroupGamingSeries D+$302.5M$3.2Bsame sector · same stage
AppLovin CorpGamingSeries D+$585.8M$2.7Bsame sector · same stage
A Bit Lucky, Inc.Other TechnologySeries A$10.3M$213.9Mnetwork2 shared operators
Super League Gaming, Inc.GamingSeries B$94.1M$81.6Msame sector
Cloud9 Esports, Inc.GamingSeries C$79.5M$26.5Msame sector
Azra Games Inc.GamingSeries B$77.5M$76.6Msame sector
SharpLink Gaming, Inc.GamingGrowth/Late$425.0M$4.0Bsame sector
Game Taco, Inc.GamingSeries C$55.0M$733.6Msame sector
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
Game of Silks, Inc.GamingSeries A$1.0M85%
Lord Of The Games, Corp.GamingSeries A$22.9M84%
Sunspear Games, Inc.GamingPre-Seed$17.7M84%
Maximum Games, Inc.GamingPre-Seed$23.2M84%
Cypher Games Inc.GamingSeries B$89.7M83%
Playable Worlds, Inc.GamingSeed$26.1M83%
GameIQ, Inc.Other TechnologySeed$3.4M83%
Rogue Games, Inc.GamingSeed$41.7M83%
Frequently asked
How much funding has Manticore Games, Inc. raised?
Manticore Games, Inc. has raised approximately $163.9M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Manticore Games, Inc.'s estimated valuation?
Provath's modeled valuation for Manticore Games, Inc. is approximately $1.8B (modeled range $502.7M–$3.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Manticore Games, Inc. at?
Manticore Games, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue Mar 16.
What does Manticore Games, Inc. do and where is it based?
Manticore Games, Inc. operates in the Gaming sector, based in SAN MATEO.
Explore related

See where Manticore Games, 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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