Companies · Gaming

MiniswapFall 2025Active

San Francisco · CA, USA · Gaming · founded 2025 · https://miniswap.gg/

Diligence memoA one-page analyst read on Miniswap — recommendation, valuation, rhythm, risks.
Total raised · real
0
Rounds
Latest step-up
Top 54%
Sector rank · raised
Latest stage · inferred

Miniswap: limited disclosed financing to assess.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Where it sits in Gaming

Miniswap is one of 344 Gaming companies tracked from San Francisco, CA, USA, on record since 2025. By capital raised it ranks mid-pack (ahead of 47% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

The Marketplace for Complex Hobbies

Miniswap a marketplace for complex hobbies, starting with Warhammer. In hobbies as complex as Warhammer, finding what you want on general marketplaces is a huge pain. Filters don't work, free-form listings mean that products are regularly misidentified, and piles of counterfeit junk crowd search results. Miniswap saves hobbyists from this chaos with its catalogue of more than 20,000 unique miniatures. Sellers match their listings against Miniswap's catalogue giving buyers more information and structure as they shop. The global market for tabletop games is estimated to be worth $20B in 2025 and Warhammer alone is projected to grow to $3B by 2030. By capturing the market in this untapped niche, Miniswap is strongly positioned to bringing greater transparency, simplicity, and connectivity into adjacent verticals. Miniswap's founding team merges deep domain knowledge with elite programming expertise and years of experience in business consulting and startups. Co-founders Zak and Will met while studying together at Cambridge, bonded over their love of Warhammer and early modern history. They have been best friends ever since.

MarketplaceConsumerGaming
Find Miniswap online

As reported in public records reported — not modeled.

US
Jurisdiction
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.

No round amounts on record to chart.

Financing ladder & sequence gaps

No staged rounds to sequence.

Modeled valuation trajectory
Base estimate est.
Conservative case
Upside case
Modeled post-money

Round size and date are reported; the stage label is inferred from round size. Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Financing rhythm
Avg between rounds
Capital velocity
On record since
First round
0
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)
This company
Sector median$2.7M
Modeled value — vs sector median (estimate, all stages)
This company
Sector median$22.8M

Raised more than 47% of sector peers (real $). Modeled value above 47% of peers (estimate).

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.
No rounds recorded.
Intelligence
Modeled next raise
Modeled next size est.
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.

Registry & provenance

Miniswap 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
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
13th Bridge Games Studio, Inc.GamingPre-Seed$100K$1.1Msame sector
5x5 Gaming, Inc.GamingSeed$1.8M$21.1Msame sector
9gagGamingsame sector
African Game LodgeGamingsame sector
A-Game Beverages, Inc.GamingSeries B$19.3M$247.7Msame sector
Airport Game LodgeGamingsame sector
Allstar Gaming, Inc.GamingSeries A$21.2M$90.8Msame sector
Almar Exclusive Game RanchGamingsame 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
StartPlaying.Games
Building Communities Through Play
Gaming74%
RPGMatch Inc.Other TechnologyPre-Seed$703K71%
GamerPay
We are the marketplace for trading gaming skins & assets without scams
Crypto / Web371%
Neverland
The first online home garden and lawn marketplace
70%
Tabletop Tycoon, Inc.RetailingSeed$2.6M70%
Gamebiddy Inc.Other TechnologyPre-Seed$6.4M69%
Minitable Tech Holding Inc.Software / TechSeed$18.9M69%
Mini Exhibitions
Virtual events for remote teams
69%
Frequently asked
What does Miniswap do and where is it based?
Miniswap operates in the Gaming sector, based in San Francisco, CA, USA. The Marketplace for Complex Hobbies
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