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Ramen VR

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Designing and developing computer game software and virtual reality software

San Francisco, United StatesFounded 2015Consumer Services
Valuation $100–250M Last recorded · 2022
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Ramen VR

Ramen VR, a game development studio established in 2019, is the creator of the virtual reality massively multiplayer online role-playing game (MMORPG), Zenith: Nexus. The company was founded by Andy Tsen and Lauren Frazier, who met in 2017 at the Oculus Launch Pad program and shared a vision for creating immersive VR experiences. Their combined backgrounds in technology and gaming, with Frazier having worked at Google and Unity and Tsen having experience in product management and engineering for mobile games, provided a strong foundation for their venture. Prior to Ramen VR, they collaborated on a VR game called Conjure Strike, which was nominated for a Unity award.

The company's flagship product, originally launched as Zenith: The Last City in January 2022, is a cross-platform VR MMORPG available on major platforms like Meta Quest, PlayStation VR, and SteamVR. Inspired by JRPGs and anime, the game features a vast open world, action-oriented combat, and social multiplayer elements. Upon launch, it quickly became a top-selling game on Steam and the Oculus store, demonstrating significant market demand. The business model initially relied on the upfront purchase of the game. However, facing challenges with player retention, Ramen VR transitioned to a free-to-play model in early 2024. The game is now known as Zenith: Nexus and includes a free-to-play mode called Infinite Realms alongside the original paid game, The Last City, which is available as downloadable content. This new strategy introduced a virtual currency, "Zennies," and a cosmetic shop to generate revenue.

Ramen VR's journey began with early funding from the founders' own pockets, followed by a successful Kickstarter campaign in 2019 that raised approximately $280,000. The company also participated in the Y Combinator accelerator program. Significant financial milestones include a $10 million Series A funding round and a $35 million Series B round in March 2022, led by Anthos Capital and Dune Ventures. This funding was intended to expand the studio's team and develop Zenith into a broader gaming platform. Despite its initial success and substantial funding, the studio announced in 2024 that it would halt new development on Zenith due to financial losses, though the game's servers will remain active.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
San Francisco, United States
Employees
15
Open positions
None listed
Dealroom signal
75.9/100
Industry
Gaming
Sector
Consumer Services, Immersive Technologies, Hard Tech, YC S19
Technology
Virtual Reality
Business model
SaaS
Client focus
b2c

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Mar 2022 $35M $140M James Gwertzman · Andrew Chen · Anthos Capital · Andreessen Horowitz —
SERIES A✓Equity / VC Sep 2021 $10M $40M Makers Fund · Dune Ventures · Anthos Capital —
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021 —
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Growth signals

Ramen VR website traffic

Latest recorded traffic for Ramen VR is 6.7K monthly website visits, up 19.6% over the last three months. Ramen VR's team grew 15.4% over the past year.

Latest monthly visits6.7K 3-month web change+19.6% 1-year team growth+15.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

Series A6 investors entered at this stage

Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States90%
🇵🇰 Pakistan10%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Ramen VR on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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