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1939 Games

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Small game development studio that focus on wwii gaming experiences

Reykjavík, IcelandFounded 2015Consumer Services
Valuation $0–100M Latest valuation · 2021
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About 1939 Games

1939 Games is an independent game development studio headquartered in Reykjavik, Iceland, with a presence in Helsinki, Finland. Founded in 2015 by brothers Gudmundur and Ivar Kristjansson, the company specializes in creating World War II-themed gaming experiences.

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The company's flagship product is "KARDS," a free-to-play digital collectible card game (CCG). Launched on Steam in 2019, KARDS distinguishes itself by blending traditional CCG mechanics with elements inspired by classic strategy games and real battlefield tactics. This allows players to engage in strategic online battles, commanding historically-inspired military units from various nations involved in the conflict.

The business model for 1939 Games revolves around the free-to-play model for KARDS, likely generating revenue through in-game purchases such as card packs, cosmetic items, and other content that enhances the player experience without creating a "pay-to-win" environment. The company has successfully raised capital to support its growth, including a $5.3 million funding round to expand KARDS to mobile platforms, thereby broadening its market reach to a wider audience of casual and strategy gamers.

Source: Dealroom company data

At a glance

Founded
2015
Headquarters
Reykjavík, Iceland
Sector
Consumer Services

Latest news

Press, funding announcements and product moves mentioning 1939 Games.

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Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A7 investors entered at this stage

  • Tencent
  • Crowberry Capital
  • Sisu Game Ventures
  • Hilmar Veigar Petursson
  • Seoul Investment Partners
  • Korea Investment Partners
  • Woori Technology Investment
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇮🇸 Iceland60.9%
🇫🇮 Finland21.7%
🇪🇸 Spain4.3%
🇮🇹 Italy4.3%
🇬🇧 United Kingdom4.3%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about 1939 Games on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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