Companies · Gaming

Super League Gaming, Inc.

Santa Monica · Gaming · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Super League Gaming, Inc. — recommendation, valuation, rhythm, risks.
$94.1M
Total raised · real
16
Rounds
18.2×
Latest step-up
Top 2%
Sector rank · raised
Series B
Latest stage · inferred · Wed Oct 22 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Super League Gaming, Inc. looks fair against its niche peers and is active 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.

Fair
  • Modeled value is 1.00× the median modeled value of Series B Gaming companies in 2025–2027 (5 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Super League Gaming, Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
11.7 yr record
Peak capital year was 2022 with $48.3M across 5 filings.
Market position
ahead of 99% of Gaming peers
Capital scale is ahead of 99% of Gaming peers; modeled value is above 90% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2022: $48.3M across 5 filings.
  • Largest single filing was $20.0M on 2025-10-22.
  • Filing rows sum to $158.9M, while canonical raised total is $94.1M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Super League Gaming, Inc. is one of 344 Gaming companies tracked from Santa Monica. 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.

gaming

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
20
Investors (latest)
2025-10-22
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$125M$250M$375M$500MPre-Seed · 2014-10-20 Raised $350K (real) Modeled valuation $9.5M (est)Pre-Seed2014Seed · 2014-12-08 Raised $1.3M (real) Modeled valuation $28M (est)Series A · 2015-05-26 Raised $4.5M (real) Modeled valuation $80M (est)Series A2015Seed · 2015-05-26 Raised $1.2M (real) Modeled valuation $26M (est)Series A · 2015-10-16 Raised $3.3M (real) Modeled valuation $58M (est)Series A2015Series A · 2016-04-20 Raised $5.0M (real) Modeled valuation $90M (est)Series A · 2016-10-24 Raised $5.5M (real) Modeled valuation $97M (est)Series A2016Series A · 2016-10-24 Raised $15M (real) Modeled valuation $268M (est)Series A · 2018-02-22 Raised $3.0M (real) Modeled valuation $54M (est)Series A2018Series A · 2019-06-06 Raised $1.0M (real) Modeled valuation $18M (est)Series A · 2022-05-16 Raised $4.3M (real) Modeled valuation $40M (est)Series A2022Series A · 2022-11-22 Raised $8.4M (real) Modeled valuation $65M (est)Series A · 2022-11-22 Raised $13M (real) Modeled valuation $98M (est)Series A2022Series A · 2022-11-22 Raised $10M (real) Modeled valuation $80M (est)Series A · 2022-11-22 Raised $13M (real) Modeled valuation $98M (est)Series A2022Series A · 2023-04-19 Raised $10M (real) Modeled valuation $69M (est)Series A · 2023-04-19 Raised $12M (real) Modeled valuation $79M (est)Series A2023Series A · 2023-04-19 Raised $11M (real) Modeled valuation $76M (est)Series A · 2023-05-03 Raised $750K (real) Modeled valuation $5.0M (est)Series A2023Series A · 2023-11-30 Raised $5.4M (real) Modeled valuation $29M (est)Series A · 2023-11-30 Raised $8.4M (real) Modeled valuation $45M (est)Series A2023Series A · 2024-06-26 Raised $1.8M (real) Modeled valuation $7.8M (est)Series A · 2024-09-20 Raised $1.1M (real) Modeled valuation $4.5M (est)Series A2024Series B · 2025-10-22 Raised $20M (real) Modeled valuation $82M (est)Cumulative $159M

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$350K · 2014
Seed$1.3M · 2014
Series A$4.5M · 2015
Bridge · Series A-stage$1.2M · 2015smaller follow-on
Series A extension$3.3M · 2015
Series A extension$5.0M · 2016
Series A extension$5.5M · 2016
Series A extension$15.0M · 2016
Series A extension$3.0M · 2018
Series A extension$1.0M · 2019
Series A extension$4.3M · 2022
Series A extension$8.4M · 2022
Series A extension$12.6M · 2022
Series A extension$10.3M · 2022
Series A extension$12.6M · 2022
Series A extension$10.2M · 2023
Series A extension$11.8M · 2023
Series A extension$11.2M · 2023
Series A extension$750K · 2023
Series A extension$5.4M · 2023
Series A extension$8.4M · 2023
Series A extension$1.8M · 2024
Series A extension$1.1M · 2024
Series B$20.0M · 2025

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

Modeled valuation trajectory
$81.6M
Base estimate est.
$44.0M
Conservative case
$113.7M
Upside case
$111.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the gaming sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $9.5M · 2014-10-202014Seed · modeled $27.9M · 2014-12-08Series A · modeled $80.3M · 2015-05-26Seed · modeled $26.2M · 2015-05-26Series A · modeled $58.0M · 2015-10-16Series A · modeled $90.1M · 2016-04-20Series A · modeled $97.5M · 2016-10-24Series A · modeled $267.7M · 2016-10-24Series A · modeled $53.5M · 2018-02-22Series A · modeled $17.8M · 2019-06-06Series A · modeled $40.1M · 2022-05-16Series A · modeled $65.0M · 2022-11-22Series A · modeled $97.8M · 2022-11-22Series A · modeled $80.0M · 2022-11-22Series A · modeled $97.8M · 2022-11-22Series A · modeled $68.6M · 2023-04-19Series A · modeled $79.2M · 2023-04-19Series A · modeled $75.5M · 2023-04-19Series A · modeled $5.0M · 2023-05-03Series A · modeled $29.2M · 2023-11-30Series A · modeled $45.3M · 2023-11-30Series A · modeled $7.8M · 2024-06-26Series A · modeled $4.5M · 2024-09-20Series B · modeled $81.6M · 2025-10-222025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
60%
Survival probability
40% low · 73% high
1.34×/yr
Annual markup
1.63×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
gaming
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$8.6M/yr
Capital velocity
11.7 yr
On record since
2014
First round
24
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) 35× above median
This company$94.1M
Sector median$2.7M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.0× above median
This company$20.0M
Sector median$20.0M
Modeled value — vs sector median (estimate, all stages) 3.6× above median
This company$81.6M
Sector median$22.8M

Raised more than 99% of sector peers (real $). Modeled value above 90% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #3 of 5.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)TaleMonster Games Inc. · Series B Raised $33.5M · modeled $119.9M (est)Cypher Games Inc. · Series B Raised $29.9M · modeled $89.7M (est)Azra Games Inc. · Series B Raised $77.5M · modeled $76.6M (est)Motorsport Games Inc. · Series B Raised $21.2M · modeled $11.9M (est)Super League Gaming, Inc. (this company) Raised $94.1M · modeled $81.6M (est)Super League Gaming, Inc.
CompanyStageRaised · realValue · estvs peer med.
TaleMonster Games Inc.Series B$33.5M$119.9M1.47×
Cypher Games Inc.Series B$29.9M$89.7M1.10×
Super League Gaming, Inc. this companySeries B$94.1M$81.6M1.00×
Azra Games Inc.Series B$77.5M$76.6M0.94×
Motorsport Games Inc.Series B$21.2M$11.9M0.15×
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$350K2014-10-20$1.9M$9.5M85%
Seed$1.3M2014-12-08$6.4M$27.9M85%
Series A$4.5M2015-05-26$20.5M$80.3M85%
Seed$1.2M2015-05-26$6.0M$26.2M85%
Series A$3.3M2015-10-16$14.8M$58.0M85%
Series A$5.0M2016-04-20$23.0M$90.1M85%
Series A$5.5M2016-10-24$24.8M$97.5M90%
Series A$15.0M2016-10-24$68.2M$267.7M90%
Series A$3.0M2018-02-22$13.6M$53.5M90%
Series A$1.0M2019-06-06$4.5M$17.8M90%
Series A$4.3M2022-05-16$19.6M$40.1M90%
Series A$8.4M2022-11-22$38.1M$65.0M90%
Series A$12.6M2022-11-22$57.4M$97.8M90%
Series A$10.3M2022-11-22$46.9M$80.0M90%
Series A$12.6M2022-11-22$57.4M$97.8M90%
Series A$10.2M2023-04-19$46.4M$68.6M90%
Series A$11.8M2023-04-19$53.5M$79.2M90%
Series A$11.2M2023-04-19$51.0M$75.5M90%
Series A$750K2023-05-03$3.4M$5.0M90%
Series A$5.4M2023-11-30$24.4M$29.2M90%
Series A$8.4M2023-11-30$38.0M$45.3M90%
Series A$1.8M2024-06-26$8.0M$7.8M90%
Series A$1.1M2024-09-20$5.0M$4.5M90%
Series B$20.0M2025-10-22$111.1M$81.6M90%
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$350K2014-10-20
    • First recorded raise — entered as Pre-Seed.
    • 11 investors on this round.
  2. Seed$1.3M2014-12-08
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 19 investors on this round.
  3. Series A$4.5M2015-05-26
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 32 investors on this round.
  4. Seed$1.2M2015-05-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  5. Series A$3.3M2015-10-16
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 1 investor on this round.
  6. Series A$5.0M2016-04-20
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 10 investors on this round.
  7. Series A$5.5M2016-10-24
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 38 investors on this round.
  8. Series A$15.0M2016-10-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.7× larger than the prior — scaling up.
    • 51 investors on this round.
  9. Series A$3.0M2018-02-22
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  10. Series A$1.0M2019-06-06
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  11. Series A$4.3M2022-05-16
    • Raised again after 35 mo — slower than the ~12 mo sector norm.
    • Round 4.3× larger than the prior — scaling up.
    • 3 investors on this round.
  12. Series A$8.4M2022-11-22
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 141 investors on this round.
  13. Series A$12.6M2022-11-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 191 investors on this round.
  14. Series A$10.3M2022-11-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 172 investors on this round.
  15. Series A$12.6M2022-11-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 191 investors on this round.
  16. Series A$10.2M2023-04-19
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 75 investors on this round.
  17. Series A$11.8M2023-04-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 76 investors on this round.
  18. Series A$11.2M2023-04-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 76 investors on this round.
  19. Series A$750K2023-05-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 15.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  20. Series A$5.4M2023-11-30
    • Came back fast: 7 mo vs the ~12 mo sector norm.
    • Round 7.2× larger than the prior — scaling up.
    • 77 investors on this round.
  21. Series A$8.4M2023-11-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 120 investors on this round.
  22. Series A$1.8M2024-06-26
    • Came back fast: 7 mo vs the ~12 mo sector norm.
    • Round 4.7× smaller than the prior — bridge or down round.
    • 28 investors on this round.
  23. Series A$1.1M2024-09-20
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 15 investors on this round.
  24. Series B$20.0M2025-10-22
    • Raised 13 mo later, in step with the ~12 mo sector norm.
    • Round 18.2× larger than the prior — scaling up.
    • 20 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~6mo cadence
$60.0M
Modeled next size est.range $39.0M$96.0M
18.2×
Last step-up
$8.6M/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
John Miller26 other2014-10
ROBERT STEWART5 other2014-10
Mark Jung4 other2019-06
Brett Morris2 other2015-05
Kristin Patrick2 other2019-06
MICHAEL KELLER2 other2019-06
Ann Hand1 other2015-05
Jeff Gehl1 other2014-10
Marc Cummins1 other2018-02
Matthew Edelman1 other2022-11
Bant Breen2025-10
Ben Girard2018-02
Charles Tien2018-02
Clayton Haynes2019-06
David Steigelfest2014-10
Matt Edelman2018-02
Michael Wann2022-05
Registry & provenance

Super League 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
1621672
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
Azra Games Inc.GamingSeries B$77.5M$76.6Msame sector · same stage
Project Frog IncManufacturingSeries B$82.7M$11.9Mnetwork1 shared operator · same stage
Envy Gaming, Inc.GamingSeries B$54.8M$557.9Msame sector · same stage
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Game Play Network, Inc.GamingSeries B$49.5M$310.5Msame sector · same stage
TaleMonster Games Inc.GamingSeries B$33.5M$119.9Msame sector · same stage
Dataxu, Inc.OtherSeries B$55.6M$166.1Mnetwork1 shared operator · same stage
eSports Holdco LLCGamingSeries B$32.0M$443.4Msame 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
SuperTeam Games, Inc.GamingSeries A$56.7M83%
Allstar Gaming, Inc.GamingSeries A$90.8M82%
Game Sports Network, Inc.GamingPre-Seed$23.2M81%
SportsHub Games Network, Inc.GamingSeed$60.5M81%
Super Money Games Inc.GamingSeed$2.1M81%
Pro Sports Gaming LLCGamingSeries A$63.2M81%
EQL Games Inc.GamingSeed$4.1M81%
Community Gaming, Inc.GamingSeries A$129.8M80%
Frequently asked
How much funding has Super League Gaming, Inc. raised?
Super League Gaming, Inc. has raised approximately $94.1M in disclosed capital across 16 recorded financing rounds, aggregated from public filings.
What is Super League Gaming, Inc.'s estimated valuation?
Provath's modeled valuation for Super League Gaming, Inc. is approximately $81.6M (modeled range $44.0M–$113.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Super League Gaming, Inc. at?
Super League Gaming, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Oct 22.
What does Super League Gaming, Inc. do and where is it based?
Super League Gaming, Inc. operates in the Gaming sector, based in Santa Monica.
Explore related

See where Super League 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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