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Gameflip

Operating

IJJI, Inc.

Software & AI · San Jose, CA · Founded 2014

Digital marketplace for gamers

Post-money valuation ⓘ
$45.5M
As of Jan 2026 · from Reg CF Offering (2025) · pre-money + amount raised, not a traded price
Total raised
$2,437,453
Crowd $2.4M · Private $37K · 5 rounds since 2022
Latest share price
$0.60
Reg CF · Common Stock · Aug 2025 offering price

Financials

FY2020–FY2025 · from SEC filings · hover any figure for its source
$3.9M
−$1.4M
2020
$3.3M
−$1.6M
2021
$3.1M
−$2.0M
2022
$2.6M
−$1.5M
2023
$4.2M
−$759K
2024
$5.5M
$615K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 audited*
FY2021 reviewed
FY2022 reviewed
FY2023 unaudited
FY2024 unaudited
FY2025
Income statement
Revenue
$3,904,356
$3,280,014
$3,090,690
$2,571,791
$4,178,639
$5,486,899
Cost of goods sold
$993,933
$865,404
$835,763
$646,082
$1,002,183
$1,263,414
Gross margin
75%
74%
73%
75%
76%
77%
Net income
-$1,423,109
-$1,554,407
-$1,981,929
-$1,452,776
-$758,795
$615,350
Taxes paid
$1,600
$1,664
$0
$2,425
$1,600
$1,600
Balance sheet
Cash
$4,344,596
$2,549,130
$960,306
$593,842
$764,561
$876,585
Accounts receivable
$480,618
$146,277
$356,975
$422,597
$0
$738,882
Total assets
$4,891,929
$2,769,557
$1,404,294
$1,233,685
$937,946
$1,745,192
Short-term debt
$796,261
$465,365
$0
$0
$0
$0
Long-term debt
$237,070
$0
$0
$0
$0
$0
Total liabilities
$1,033,331
$465,365
$0
$0
$0
$0
Other
Headcount
—
15
15
10
15
15

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$34.8M
pre-money
$492K
est. pre-money
$36.8M
pre-money
$41.2M
pre-money
$45.3M
pre-money
Reg CF · Common · Sep 2022
Section 4(a)(2) · Common · Dec 2022
Reg CF · Common · Mar 2024
Reg CF · Common · Sep 2024
Reg CF · Common · Aug 2025

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$0.60$0.30$0.50
Sep 2022Aug 2025
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Apr 21, 2026
Series PN Preferred Stock · 23.2%Series Seed Preferred Stock · 54.1%Common Stock · 22.7%
ClassOutstandingVotes / shareShare of totalLiquidationLast price
Series PN Preferred Stockpreferred6,500,000—23.2%paid 1st—
Series Seed Preferred Stockpreferred15,164,636—54.1%——
Common Stock6,351,730122.7%—$0.60Aug 2025
Total28,016,366100%

Shares outstanding over timein today's share terms

35M17M0
Dec 2022Apr 2026
Common StockSeries PN Preferred StockSeries Seed Preferred StockRound opened

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, Apr 21, 2026

  • GoAhead Ventures LLC GoAhead Ventures I, L.P. & GoAhead Ventures I Parallel Fund, L.P.11,274,475 Series Seed-1 Preferred Stock40.2%of company
  • Everyone else (not named in filings)59.8%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $179.5K / $3.9MInvestors 208Post-money $45.5M
Raised $132.4K / $4.6MInvestors 220Post-money $41.4M
Raised $371.1K / $2MInvestors 344Post-money $37.3M
Raised $37KEst. pre-money $492.4K
Raised $1.7M / $2.5MInvestors 1,185Post-money $36.7M

Team

7 people
Tuan NguyenFounder
CEO, Co-founder, Director and Principal accounting officer
JT Nguyen
Co-founder, CEO & Director

JT has 20+ years of global business experience, with 10+ years in gaming. He was COO at Aeria Games, growing it to 300+ employees and $120M+ revenue annually. JT holds an MBA from UCLA Anderson, an MS in Electrical Engineering from Stanford, and a BS from the University of Illinois.

Terry Ngo
Co-founder and CTO

Terry has 20+ years in engineering and product development, with a decade in gaming. As CTO and co-founder of Aeria Games, he led the development of their platform for 40+ million gamers. Terry holds an MS in Electrical Engineering from Stanford and dual BS degrees from Southern Methodist University.

Bryan Talbot
Head of Engineering

Bryan has over 20 years working at the forefront of Silicon Valley technologies. Prior to Gameflip, Bryan was the platform architect at Aeria Games where he designed and oversaw the implementation of the global publishing platform. Bryan earned a BS in Computer Engineering from the University of California at San Diego (UCSD).

Matheus Arnellas
Head of Operations

Matheus has 11+ years of experience managing cross-functional teams in the digital free-to-play games space. He has served in production, marketing and operations roles at companies such as Electronic Arts, Aeria Games and PlayNext, and holds an MBA from FIPE São Paulo and a bachelor's degree in Marketing & Advertising from PUC Campinas - Brazil.

Lan Hoang
Chairman of the Board

Lan is a serial entreprenuer and investor across multiple start-ups in the gaming, finance and medical industries.

Nitay Souza
Operations Manager

Nitay is an experienced operations guru who manages all aspects and team members of live operations for Gameflip.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 4 of 4 annual reports (FY2022–FY2025)

1,185 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARApr 21, 20260001940832-26-000003
    EDGAR
  • Form C-UFeb 25, 20260001940832-26-000001
    EDGAR
  • Form C/ANov 17, 20250001940832-25-000005
    EDGAR
  • Form C/ANov 13, 20250001940832-25-000004
    EDGAR
  • Form CAug 21, 20250001665160-25-001383
    EDGAR
  • Form C-ARApr 10, 20250001665160-25-000601
    EDGAR
  • Form C-UJan 15, 20250001665160-25-000061
    EDGAR
  • Form CSep 24, 20240001665160-24-001341
    EDGAR
Source: ManualCIK 0001940832DEShare price $0.60

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.