R
Ramen VR
Designing and developing computer game software and virtual reality software
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 dataAt 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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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
Makers Fund
Dune Ventures
Anthos Capital- JGJames Gwertzman
Andrew Chen
Andreessen Horowitz
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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