+42%

est. 2Y upside i

Series B

Mobile games company

Rank

#1115

Sector

Entertainment Software

Est. Liquidity

~5Y

Data Quality

Data: Low

The estimated upside of ~42% over 2 years is modest given severe preference overhang and high risk of total loss.

Last updated: July 21, 2026

Bull (20%)+190%

Successfully pivots back to Web2, launches hit titles, revenue grows to $33M, exit multiple expands to 5x, netting 190% upside after 20% dilution.

Base (40%)+109%

Steady growth to $33M revenue, exit multiple at 3.5x, yielding 109% upside after dilution, but preference overhang limits common recovery.

Bear (40%)-100%

Continues to struggle post-pivot, revenue stagnates, exit below $55.6M funding, common stock worth zero due to preference stack.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

33900%

Total funding of $55.6M exceeds estimated entry valuation of $49.2M, creating a 113% preference overhang.

Dilution Risk

high

Likely needing another round within 24 months, estimated to dilute common by 20%.

Secondary Liquidity

none

No secondary market activity detected.

Questions to Ask at the Interview

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

  • 1

    “How does the company plan to regain growth momentum after the Web3 pivot?”

  • 2

    “What is the user acquisition cost and LTV for your key titles?”

  • 3

    “Given the high funding intensity, what is the path to profitability or next funding round?”

Community

Valuation Sentiment

Our model estimates +42% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

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