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Theorycraft Games

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Operates as an independent game studio

Los Angeles, United StatesFounded 2020Consumer Services
Valuation $100–500M Latest valuation · 2022
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Theorycraft Games

Theorycraft Games is a newly established independent game studio that is focused on developing deep, engaging multiplayer games. Their primary product currently in development, code-named Project Loki, is a unique blend of various gaming genres, described by players as a mix of "League meets Apex meets Smash." This game aims to provide a group adventure, a competitive sandbox, and a highlights factory, all in one package.

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The company operates in the highly competitive video game industry, targeting a broad range of gamers who are looking for a fresh, innovative gaming experience. Their business model revolves around creating games that serve fundamental human needs such as the need to belong, express creativity, and master something. By focusing on these needs, Theorycraft Games aims to create games that are more enjoyable when played with friends.

The company generates revenue through the sale of their games. While specific details about their monetization strategy are not publicly available, it is common in the industry to also generate revenue through in-game purchases, subscriptions, and advertising.

In summary, Theorycraft Games is a promising startup in the gaming industry, with a unique approach to game development that focuses on creating deep, engaging multiplayer games that serve fundamental human needs.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2020
Headquarters
Los Angeles, United States
Employees
36
Open positions
None listed
Dealroom signal
59.0/100
Industry
Gaming
Sector
Consumer Services
Business model
SaaS
Client focus
b2c

Latest news

Press, funding announcements and product moves mentioning Theorycraft Games.

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Sep 2022 $50M $200M Andreessen Horowitz · NEA · Makers Fund
EARLY VCOther financing Mar 2021 $38M $150M NetEase · Riot Games · Sisu Game Ventures · Griffin Gaming Partners
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

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

Theorycraft Games website traffic

Latest recorded traffic for Theorycraft Games is 22K monthly website visits, up 29.4% over the last three months. Theorycraft Games's team declined 40% over the past year.

Latest monthly visits22K 3-month web change+29.4% 1-year team growth-40%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

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Esoteric GamesWelcome to Esoteric Games! We are a passionate team of creators, developers, and storytellers dedicated to crafting unique gaming experiences that challenge the norm. Our mission is to push the boundaries of creativity and technology, delivering immersive worlds that captivate players and spark their imaginations Tallinn, Estonia Operational 1
Huuuge GamesA global developer and publisher of mobile free-to-play games, particularly social casino games Warsaw, Poland Operational
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BehaviolDesigning games powered by artificial intelligence Sydney, Australia Operational
MegamodMetaverse creation will allow users to receive bonuses and benefit from participating in several projects at the same time: Dubai, United Arab Emirates Operational
Weaver InteractiveA technology-driven entertainment company focused on the fusion of AI-enabled interactivity and blockchain technology New York City, United States Operational
glipA leading web3 game discovery & wallet app with 7M downloads across India, South East Asia and Brazil Bengaluru, India Operational
Showing 8 of the closest matchesCompare every metric →

Investors

8 investors on the cap table

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

Series A8 investors entered at this stage

  • NetEase
  • Riot Games
  • Sisu Game Ventures
  • Griffin Gaming Partners
  • NEA
  • BITKRAFT Ventures
  • Andreessen Horowitz
  • Makers Fund
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 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
6 countries with
team presence
🇺🇸 United States76.7%
🇨🇦 Canada9.3%
🇨🇳 China4.7%
🇰🇷 South Korea2.3%
🇫🇷 France2.3%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Theorycraft Games 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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