About Pragma
Pragma is a company based in Culver City (United States) founded in 2020 by Chris Cobb and Eden Chen. It operates as a SaaS (Software-as-a-Service), and Managed Services. Pragma has raised $50.95 million across 4 funding rounds from investors including Overwolf, Square Enix and Upfront Ventures. The company has 27 employees as of December 31, 2021. Pragma offers products and services including FirstLook, Connect, and Backend Engine. Pragma operates in a competitive market with competitors including PlayFab, Nitrado, Heroic Labs, Chilli Connect and Primal Space Systems, among others.
- Headquarter Culver City, United States
- Employees 27 as on 31 Dec, 2021
- Founders Chris Cobb, Eden Chen
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pragma
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50.95 M (USD)
in 4 rounds
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Latest Funding Round
$12.75 M (USD), Series B
Mar 11, 2025
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Investors
Overwolf
& 11 more
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Employee Count
27
as on Dec 31, 2021
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Products & Services of Pragma
Pragma offers a comprehensive portfolio of products and services, including FirstLook, Connect, and Backend Engine. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for playtests, community growth, and player insights.
Tools for cross-platform social and monetization services.
Extensible backend tools for custom online services.
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Funding Insights of Pragma
Pragma has successfully raised a total of $50.95M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $12.75 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $12.8M
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First Round
First Round
(12 Mar 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series B - Pragma | Valuation |
investors |
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| Oct, 2021 | Amount | Series B - Pragma | Valuation | Insight Partners | |
| Apr, 2021 | Amount | Series A - Pragma | Valuation | Upfront Ventures , Advancit Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pragma
Pragma has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Overwolf, Square Enix and Upfront Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided to early-stage companies.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pragma
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pragma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pragma Comparisons
Competitors of Pragma
Pragma operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PlayFab, Nitrado, Heroic Labs, Chilli Connect and Primal Space Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Backend platform services for online games are provided.
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| domain | founded_year | HQ Location |
Provider of game servers and application hosting
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| domain | founded_year | HQ Location |
Backend service provider for game developers
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| domain | founded_year | HQ Location |
Provider of cloud-based backend service & live operation platform
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| domain | founded_year | HQ Location |
Game and interactive content streaming
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pragma
Frequently Asked Questions about Pragma
When was Pragma founded?
Pragma was founded in 2020.
Where is Pragma located?
Pragma is headquartered in Culver City, United States. It is registered at Culver City, California, United States.
Who is the current CEO of Pragma?
Eden Chen is the current CEO of Pragma. They have also founded this company.
Is Pragma a funded company?
Pragma is a funded company, having raised a total of $50.95M across 4 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Mar 12, 2020.
How many employees does Pragma have?
As of Dec 31, 2021, the latest employee count at Pragma is 27.
What does Pragma do?
Solutions for game studios to develop games faster, connect with players, and enhance community engagement are offered by Pragma. Services include playtest management, cross-platform integration, and extensible backend tools. The focus is on supporting leading game studios in the technology sector with innovative software solutions. Platforms like FirstLook, Connect, and Backend Engine are utilized to address multiplayer, social, and monetization needs. Trusted by thousands of developers, the impact spans millions of players globally.
Who are the top competitors of Pragma?
Pragma's top competitors include Nitrado, PlayFab and Heroic Labs.
What products or services does Pragma offer?
Pragma offers FirstLook, Connect, and Backend Engine.
Who are Pragma's investors?
Pragma has 12 investors. Key investors include Overwolf, Square Enix, Upfront Ventures, Greylock Partners, and Insight Partners.
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