-49%

est. 2Y upside i

Series C

Pocket Gems makes graphically rich mobile games and fun new genres of mobile entertainment.

Rank

#3247

Sector

Mobile Gaming

Est. Liquidity

~3Y

Data Quality

Data: Low

Pocket Gems presents a high-risk equity opportunity due to extremely stale valuation data (last round in 2017) and lack of current financials.

Last updated: July 21, 2026

Bull (15%)+35%

Acquisition at $1B valuation (2x current), driven by strategic interest from Tencent and strong IP. Common stock benefits from exit above preference.

Base (45%)-40%

Valuation declines to $350M due to competitive pressure and lack of growth; common stock diluted and preference stack erodes returns.

Bear (40%)-90%

Down round or distress: enterprise value falls below $155M total funding; common stock recovers nearly zero after preference liquidation.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

31%

Total funding of $155M represents 31% of current valuation, giving preferred shareholders a large claim on exit proceeds.

Dilution Risk

high

With the latest round in 2017 and a small seed round in 2024, additional funding rounds are likely, further diluting common holders.

Secondary Liquidity

none

No secondary market data available; employee equity is likely illiquid until an exit event.

Questions to Ask at the Interview

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

  • 1

    “How does Pocket Gems plan to differentiate in a market dominated by large studios like Supercell and Scopely?”

  • 2

    “What are the unit economics (LTV/CAC) for your top titles like Episode and War Dragons?”

  • 3

    “What is the company's timeline for liquidity events? Are there secondary market opportunities for employees?”

Community

Valuation Sentiment

Our model estimates -49% 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.