Gameflip
The marketplace for gamers.
About the Company
Gameflip is a digital marketplace that allows gamers to buy and sell video games, in-game items, skins, gift cards, and collectibles. It acts as a secure intermediary, protecting both buyers and sellers from fraud. The platform has expanded to incorporate blockchain technology for trading digital assets as NFTs.
Gameflip was founded by JT Nguyen and Terry Ngo, veteran entrepreneurs in the gaming industry who previously founded Aeria Games. They saw a need for a safe and centralized hub where the global gaming community could transact freely. Their vision was to empower gamers by allowing them to unlock the value of their digital goods in a trusted environment, creating a robust economy for the gaming community.
Gameflip raised a significant Series A funding round of $10 million, led by Bullpen Capital and other venture firms. The company has also embraced the community funding model, launching successful equity crowdfunding campaigns. This funding has been directed towards scaling the platform, enhancing security features, and integrating new technologies like blockchain to support the future of digital ownership in gaming.
The company's post-money valuation after its Series A round was approximately **$50 million**.