-91%

est. 2Y upside i

AI & MLSeries B

Ramen VR is transforming game development with advanced XR + AI tools.

Rank

#3708

Sector

Gaming, Software, Artificial Intelligence

Est. Liquidity

~3Y

Data Quality

Data: Low

Given the $100M entry valuation, $45M preference stack, and only $3M revenue, common equity is unlikely to yield positive returns over 2 years.

Last updated: July 21, 2026

Bull (15%)-37%

With 80% YoY revenue growth and 8x exit multiple (driven by IPO window and category leadership), exit value reaches $78M, above preference. After 15% dilution, common upside is -37%.

Base (45%)-100%

Moderate 30% growth and 5x multiple yield $25M exit, below $45M preference. Common stock recovers nothing after preference liquidation.

Bear (40%)-100%

Slowing growth (10%) and multiple compression to 3x give $11M exit, far below preference. Common equity is wiped out.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

4500%

Total funding of $45M against $100M entry valuation creates a 45% preference overhang, meaning common stock only participates above $45M exit.

Dilution Risk

moderate

Profitable operations reduce need for near-term capital, but future growth may require additional funding, diluting common by ~15%.

Secondary Liquidity

none

No secondary market exists; last round was 4+ years ago.

Questions to Ask at the Interview

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

  • 1

    “How does Ramen VR defend against game engine incumbents like Epic and Unity who could build native AI tools?”

  • 2

    “What is the unit economics and retention rate for the Aura subscription tiers?”

  • 3

    “Given no recent funding round, what is the expected timeline to liquidity (IPO or acquisition)?”

Community

Valuation Sentiment

Our model estimates -91% 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.