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Arrowhead Game Studios

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Are a game developer focusing on creating immersive games for Console and PC

Stockholm, SwedenFounded 2009Consumer Services

Valuation $500M–1B Last recorded · 2024

Revenue $100–500M Latest reported FY

Headcount 100–500 Current team size

Total funding $50–100M Disclosed equity funding

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About Arrowhead Game Studios

Arrowhead Game Studios is a Swedish video game developer founded in 2008 and based in Stockholm. The company focuses on creating cooperative action games for PC and consoles, with a portfolio that includes titles like "Magicka," "Gauntlet," "The Showdown Effect," and the popular "Helldivers" series. Their business model revolves around the development and sale of these games on digital distribution platforms like Steam and the PlayStation Store. They cater to a global audience of gamers who enjoy challenging and collaborative multiplayer experiences. The studio operates on the philosophy that "a game for everyone is a game for no one," which guides their design principles to create focused and engaging gameplay. By developing and publishing their own titles, they maintain creative control and generate revenue through game sales and potential downloadable content (DLC).

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2009
Headquarters: Stockholm, Sweden
Employees: 157
Open positions: 4
Dealroom signal: 85.5/100
Industry: Gaming
Sub-industry: Console & PC Gaming
Sector: Consumer Services, Woman Founder
Client focus: b2b
Investment activity: 1 company, latest Apr 2023
Capital deployed: $0
Preferred round: EARLY VC
Links: Website LinkedIn X

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
LATE VCOther financing	Jun 2024	$97M	$617M	Tencent	↗

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin
2026
2025
2024
2023
2022
2021
2020		—

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Growth signals

Arrowhead Game Studios website traffic

Latest recorded traffic for Arrowhead Game Studios is 76K monthly website visits, down 24% over the last three months. Arrowhead Game Studios's team grew 18.9% over the past year.

Latest monthly visits76K 3-month web change-24% 1-year team growth+18.9%

Monthly website visitsDec 2018–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Head of People (Parental Leave Cover)Stockholm, Sweden, Northern Europe, Europe · Legal · Sep 1, 2026 Senior HR Business PartnerStockholm, Sweden, Northern Europe, Europe · Human Resources · Sep 1, 2026 Senior Gameplay Programmer (Contractor)Stockholm, Sweden, Northern Europe, Europe · Backend Development · Sep 1, 2026 Senior Gameplay Programmer (Fixed-Term)Stockholm, Stockholm County, Sweden · Backend Development · Aug 28, 2026 Data EngineerStockholm, Sweden, Northern Europe, Europe · Data Science & Engineering · Aug 18, 2026 Chief of StaffStockholm, Stockholm County, Sweden · Other · Jul 2, 2026 Chief Technology Officer (CTO) Programming / Tech · StockholmStockholm, Sweden, Northern Europe, Europe · C-Level · Jun 24, 2026

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