Pragma

Pragma

Private
Culver City, CaliforniaMedia, Entertainment & Gaminghttps://www.pragma.gg

Last Round

VC Round

Mar 11, 2025

Total Funding Raised

$38.2M

Momentum Score

50 /100

Company Overview

Pragma is a technology company that provides a backend-as-a-service (BaaS) platform for video game developers. The platform is designed to help studios build, scale, and operate online, live-service, and multiplayer games more efficiently. It offers features such as cross-platform accounts, matchmaking, player data management, and social systems, allowing developers to focus on gameplay and creative elements rather than building and maintaining complex backend infrastructure. Founded in 2019 by former Riot Games and Google engineers, the company aims to democratize the tools needed to create scalable online games. Pragma is backed by venture capital firms including Insight Partners, Greylock, and Upfront Ventures.

Sector

Media, Entertainment & Gaming

Verticals

Gaming, Platform-as-a-Service, Cloud Infrastructure, DevOps & Containers

Business Model

B2B

Customer Profile

Subscription SaaS, Usage-Based SaaS, Services & Consulting, Freemium

AI Layer

Non-AI

Keywords

backend game enginegame backendlive service gamesBackend-as-a-ServiceBaaSlive opsmultiplayer gamesmatchmakingbackend infrastructurecross-platform accountssocial systemsgame monetizationplaytesting platformUnreal SDKUnity SDKusage-based billingDAUdaily active users

Historical Pricing

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Caplight Momentum Score

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Pragma Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Pragma Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
VC RoundMar 11, 2025
Series BOct 27, 2021
Series AApr 20, 2021
SeedMar 12, 2020

Key People

Founding team and executive leadership

Eden Chen

Founder CEO

Founding Team

Robert van Hoesel

CEO FirstLook

Executive Team

Ross Baker

Chief Technology Officer

Executive Team

James Kuk

Chief Operating Officer

Executive Team

Pragma Investors

Notable investors and investment history

InvestorRounds
Greylock PartnersSeries B, VC Round
Upfront VenturesSeries B, Series A, VC Round, Seed
Advancit CapitalSeries B, Seed, Series A
Daher Investment ManagementSeries B
Insight PartnersVC Round, Series B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 8, 2026

    Added Tangensis, Inc, a gaming startup, as a customer.

  • Mar 8, 2026

    Added Treehouse Games, a gaming startup, as a customer.

Pragma Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Pragma Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Pragma's valuation, stock price, and market status.

Firmographic Details

HeadquartersCulver City, California
Employee Range61
Year Founded2019
Last FundingMar 11, 2025

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