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Mobile Startup Canada
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Established bootstrapped mobile game company in the augmented reality / GPS space.

P&L Documents (1)Supporting files (2)
Asking Price
$3.8M
Multiples
2.7x revenue
Annual Growth Rate
+7%
TTM Revenue
$1.4M
Profit
$0
Last Month's Revenue
$100k
Profit
$0

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Canada

Established bootstrapped mobile game company in the augmented reality / GPS space.

A bootstrapped Canadian mobile game studio focused on persistent, community-driven experiences across mobile and online platforms. The company specializes in live-service game design, long-term player engagement, multiplayer systems, location-based (augmented reality) gameplay, and frequent content updates. Operating with a small specialized team, the studio manages game development, live operations, backend infrastructure, monetization, seasonal events, and community support in-house. Its titles have achieved millions of downloads worldwide and are known for deep progression systems, retro-inspired design, and a dedicated global player community. Key Highlights ✅ Historically profitable and established bootstrapped mobile game company ✅ Focused on augmented reality, location-based gameplay ✅ Builds persistent fantasy role-playing experiences for mobile platforms ✅ Specializes in live-service design, multiplayer systems, and long-term player engagement ✅ Manages development, infrastructure, monetization, events, and community support in-house ✅ Titles have achieved millions of downloads worldwide with a dedicated global community
Asking Price
$3.8M
Multiples
2.7x revenue
The asking price divided by TTM net profit and TTM gross revenue.
Learn more about multiples
Asking Price Reasoning
Based on industry standards of 2.5x revenue and a historic EBITDA rate of 25-30%, I believe this business is priced at market value.
Recent performance
TTM Revenue
Trailing twelve month (TTM) gross revenue.
$1.4M last 12 months gross revenue
TTM Profit
Trailing twelve month (TTM) net profit.
$0 last 12 months net profit
Last Months Revenue
Total gross revenue last month.
$100k last month gross revenue
Last Months Profit
Total net profit last month.
$0 last month net profit
Customer metrics
Total Downloads
The total number of app downloads to date.
- Total Downloads
Monthly Active Users
The number of unique users active over the last month.
- MAU
App Store Rating
The current average app store rating (out of 5).
- App Store Rating
Annual Growth Rate
The percentage change in revenue over the last 12 months compared to the previous 12 months.
+7% Annual Growth Rate
Paying Users
The number of users on a paid plan.
5,000+ Paying Users
Company overview
Date Founded
May 2021
Team Size
Small (2-20)
Business Model
  • Business-to-consumer (B2C)
Tech Stack
  • Google Cloud
  • Python
  • Django
  • Vue.js
  • TypeScript
  • MySQL
Growth Opportunities
  • Focus on SEO
  • Improve conversion rates
  • Increase content marketing
  • Increase digital marketing
  • Increase pricing
  • Social media marketing
Competitors
  • Scopely
  • Niantic
  • Ludia Games
Key Assets
  • Intellectual property
  • Codebase
  • Marketing materials
  • Brand
  • Domain
  • Customers
  • Website
  • Mobile application
Acquisition details
Selling Reasoning
  • Starting a new venture
  • Business challenges
  • Financial gain
Financing
  • Bootstrapped

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