TBLD

Tinybuild Inc.

Consumer Products and Services First-pass screen £31m

440/1000 Overall fit

AI beneficiary 35% 30

Operating leverage 25% 75

Valuation 25% 30

Downside protection 15% 50

First-pass take

Profitable indie game publisher with strong 35% revenue growth and 99% EBITDA expansion (40.6% margin). However, zero AI exposure, high customer concentration (81% from 5 customers), and missing valuation data. Cyclical gaming industry with hit-driven economics.

Flags

no-ai-strategyno-valuation-datahigh-customer-concentrationcyclicalpost-ipo-micro-cap