Toast Studios, Inc.

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Toast Studios, Inc. - overview

Established

2024

Location

New York, NY, US

Primary Industry

Software

About

Based in the US, Toast Studios, Inc. , operates as a skill-based gaming platform. Based in New York, the US and founded in 2024, Toast Studios, Inc. engages in providing a skill-based gaming platform.


The company will use the funding to accelerate user acquisition and introduce additional real-time multiplayer games built around sports. Topdog offers a skill-based gaming platform that allows users to engage in real cash competitions through various game formats operated on an iPhone application. The primary services involve head-to-head matches and tournaments where players compete in skill-based games such as blackjack, basketball challenges, and skill-based plinko. The platform differentiates itself by ensuring that game outcomes are determined by player ability rather than chance, emphasizing its non-casino nature.


The service is designed to attract a diverse clientele, primarily targeting users aged 18 and older who are physically located in states where real-money skill gaming is permitted. Currently, the app operates in 45 states across the United States, making it accessible to a wide audience interested in engaging in skill-based cash games. Topdog generates revenue through direct-to-consumer transactions where players deposit funds to participate in skill-based matches for real cash prizes. The platform operates on a model of a 100% deposit match for new users, encouraging initial engagement while promoting continued play with the matched funds.


Revenue is derived from transaction fees associated with deposits and withdrawals processed through payment methods such as Apple Pay, Visa, and Mastercard, as players can cash out their winnings within seconds. The company’s structure fosters a direct relationship with individual players, placing an emphasis on real stakes for participants and reinforcing the consumer-driven nature of the service. The company plans to accelerate user acquisition and introduce additional real-time multiplayer games built around sports.


Current Investors

The Raine Group, Bullpen Capital, Boston Seed Capital

Primary Industry

Software

Sub Industries

Gaming

Website

www.topdog.games

Verticals

Cloud Computing, Mobile Apps

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Toast Studios, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
SeedCompletedToast Studios, Inc.-
Unspecified RoundCompletedToast Studios, Inc.-

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