Companies · Gaming

Underworld ESports, LLC

BOCA RATON · Gaming · refined from filed group “Other

Diligence memoA one-page analyst read on Underworld ESports, LLC — recommendation, valuation, rhythm, risks.
$1.2M
Total raised · real
1
Rounds
1.2×
Latest step-up
Top 36%
Sector rank · raised
Seed
Latest stage · inferred · Fri Nov 03 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Underworld ESports, LLC looks under-valued against its niche peers and is dormant 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 0.55× the median modeled value of Seed Gaming companies in 2016–2018 (8 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.7 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

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

Issuer-vehicle patternmedium confidence

Underworld ESports, LLC 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
8.7 yr record
Peak capital year was 2017 with $2.2M across 2 filings.
Market position
ahead of 65% of Gaming peers
Capital scale is ahead of 65% of Gaming peers; modeled value is above 77% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2017: $2.2M across 2 filings.
  • Largest single filing was $1.2M on 2017-11-03.
  • Filing rows sum to $2.2M, while canonical raised total is $1.2M; 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

Underworld ESports, LLC is one of 344 Gaming companies tracked from BOCA RATON. By capital raised it ranks mid-pack (ahead of 65% of sector peers), and in the upper tier 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
12
Investors (latest)
2017
Year incorporated
2017-11-03
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 · 2017-11-03 Raised $1.0M (real) Modeled valuation $27M (est)$1.0M$27MPre-Seed2017Seed · 2017-11-03 Raised $1.2M (real) Modeled valuation $27M (est)$1.2M$27MSeed2017+$1.2MCumulative $2.2M

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$1.0M · 2017
Seed$1.2M · 2017

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

Modeled valuation trajectory
$27.3M
Base estimate est.
$986K
Conservative case
$214.1M
Upside case
$6.2M
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 $27.3M · 2017-11-032017Seed · modeled $27.3M · 2017-11-032017
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
6.0 yr
Elapsed time used
8.7 yr actual, capped for stale marks
gaming
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
8.7 yr
On record since
2017
First round
2
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) 0.5× of median
This company$1.2M
Sector median$2.7M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.2M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$27.3M
Sector median$22.8M

Raised more than 65% of sector peers (real $). Modeled value above 77% 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 #7 of 8.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Dignitas eSports, LLC · Seed Raised $3.5M · modeled $65.8M (est)SportsHub Games Network, Inc. · Seed Raised $2.8M · modeled $60.5M (est)Beautiful Game, LLC · Seed Raised $2.6M · modeled $57.0M (est)Double Crown Gaming Co. · Seed Raised $2.4M · modeled $52.6M (est)Esports Entertainment Group, Inc. · Seed Raised $2.1M · modeled $46.2M (est)Jump Gaming, Inc. · Seed Raised $1.4M · modeled $31.6M (est)Fsp Esports 2 Llc · Seed Raised $1.2M · modeled $25.9M (est)Underworld ESports, LLC (this company) Raised $1.2M · modeled $27.3M (est)Underworld ESports, LLC
CompanyStageRaised · realValue · estvs peer med.
Dignitas eSports, LLCSeed$3.5M$65.8M1.33×
SportsHub Games Network, Inc.Seed$2.8M$60.5M1.22×
Beautiful Game, LLCSeed$2.6M$57.0M1.15×
Double Crown Gaming Co.Seed$2.4M$52.6M1.07×
Esports Entertainment Group, Inc.Seed$2.1M$46.2M0.93×
Jump Gaming, Inc.Seed$1.4M$31.6M0.64×
Underworld ESports, LLC this companySeed$1.2M$27.3M0.55×
Fsp Esports 2 LlcSeed$1.2M$25.9M0.53×
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$1.0M2017-11-03$5.6M$27.3M90%
Seed$1.2M2017-11-03$6.2M$27.3M90%
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$1.0M2017-11-03
    • First recorded raise — entered as Pre-Seed.
    • 12 investors on this round.
  2. Seed$1.2M2017-11-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 12 investors on this round.
Intelligence
Modeled next raise
$1.6M
Modeled next size est.range $1.2M$2.5M
1.2×
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.

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
Jed Kaplan2 other2017-11
Registry & provenance

Underworld ESports, LLC 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
1717990
SEC CIK
2017
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
CLT Esports LLCGamingSeed$1.3M$27.4Msame sector · same stage
Playable Worlds, Inc.GamingSeed$1.2M$26.1Msame sector · same stage
Fsp Esports 2 LlcGamingSeed$1.2M$25.9Msame sector · same stage
Verse Gaming, Inc.GamingSeed$1.4M$3.2Msame sector · same stage
Jump Gaming, Inc.GamingSeed$1.4M$31.6Msame sector · same stage
Tonk Tonk Games, Inc.GamingSeed$1.5M$32.9Msame sector · same stage
Big Game Sport, Inc.GamingSeed$1.6M$20.4Msame sector · same stage
Floc, LlcOtherSeed$1.3M$22.5Mnetwork1 shared operator · 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
Esports Exclusive, Inc.Business ServicesPre-Seed$5.2M82%
Esports Entertainment Group, Inc.GamingSeed$46.2M81%
Dignitas eSports, LLCGamingSeed$65.8M80%
CLT Esports LLCGamingSeed$27.4M79%
GameSquare Esports IncGamingSeed$20.7M78%
ELS Gaming, LLCGamingSeed$5.5M78%
eSports Holdco LLCGamingSeries B$443.4M78%
Paidia Esports Inc.GamingPre-Seed$1.9M77%
Frequently asked
How much funding has Underworld ESports, LLC raised?
Underworld ESports, LLC has raised approximately $1.2M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Underworld ESports, LLC's estimated valuation?
Provath's modeled valuation for Underworld ESports, LLC is approximately $27.3M (modeled range $986K–$214.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Underworld ESports, LLC at?
Underworld ESports, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Nov 03.
What does Underworld ESports, LLC do and where is it based?
Underworld ESports, LLC operates in the Gaming sector, based in BOCA RATON.
Explore related

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

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