Horizon Blockchain Games

horizongames.net →

+30%

est. 2Y upside i

DevOps & InfraSeries A

Horizon, acquired by Polygon Labs, is the maker of Sequence and Skyweaver, a trading card game with blockchain mechanics for persistent ownership of digital goods.

Rank

#1371

Sector

Web3 Infrastructure

Est. Liquidity

~1Y

Data Quality

Data: Medium

The company is being acquired by Polygon Labs in a $250M+ combined deal, providing a near-term liquidity event with significant upside to the stale $125M valuation.

Last updated: July 3, 2026

Bull (25%)+60%

Acquisition closes at higher end of combined deal, implying ~$200M for Sequence. 60% upside from $125M entry.

Base (60%)+50%

Acquisition closes at ~$187.5M (50% premium to stale valuation). Common stock recovers ~$134M after $53.25M preference.

Bear (15%)-100%

Acquisition fails; no exit within 2 years. Preference stack of $53.25M exceeds any exit value, common stock worth zero.

Est. time to liquidity~1.0 years

Preference Stack Risk

high

Funding Intensity

4260%

Total preferred stock of $53.25M represents 42.6% of entry valuation, meaning common stock recovers only after this preference is paid.

Dilution Risk

low

No further fundraising expected due to acquisition; existing option pool may be converted automatically.

Secondary Liquidity

none

No secondary market; liquidity is entirely dependent on acquisition close.

Other — 1 role

View all 1 open roles at Horizon Blockchain Games →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Horizon Blockchain Games's data — designed to show you've done your homework.

  • 1

    “What is the expected closing timeline and what are the key conditions for the Polygon acquisition?”

  • 2

    “How does the combined entity plan to integrate Sequence's platform with Polygon's ecosystem?”

  • 3

    “What is the equity conversion structure—will you receive cash, Polygon stock, or a mix? How are options/RSUs treated?”

Community

Valuation Sentiment

Our model estimates +30% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.