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COMPANY PROFILE

Hacksaw

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B2B iGaming platform powering rapid development and global distribution of digital slots, scratch cards, and instant win games.

Attard, MaltaFounded 2018Other B2B Software
Valuation $1.95B Market cap · 2026
Revenue $278M Latest reported FY
EBITDA $180M Latest reported FY

About Hacksaw

Hacksaw is a Swedish-headquartered, Malta-registered B2B technology platform and game development company operating across the full iGaming value chain — from proprietary game creation to global distribution. Founded in 2018, the company initially focused on building its Remote Gaming Server (RGS) platform, a scalable and modular infrastructure that enables rapid development, deployment, and regulatory adaptation of digital gaming content across multiple jurisdictions. The company's game portfolio centres on three product verticals: high-volatility video slots, digital scratch cards, and instant win games — all built on an HTML5, mobile-first framework designed for smartphone-optimised play. Hacksaw serves some of the largest private and state-owned iGaming operators worldwide, with its games live across more than 35 regulated markets including the UK, Sweden, Malta, Romania, Greece, Denmark, Italy, and several US states such as New Jersey, Pennsylvania, and Michigan. Its operator partners include major brands such as LeoVegas, Betsson, BetMGM, PokerStars, and FDJ United. In 2023, Hacksaw opened its RGS on a B2B basis, allowing third-party game studios to develop and distribute content through its platform. The company holds licences from regulators including the Malta Gaming Authority, the UK Gambling Commission, and the Swedish Gambling Authority, and is ISO 27001 certified. Hacksaw doubled its revenue to €137 million in 2024 and completed a heavily oversubscribed IPO on Nasdaq Stockholm in June 2025, valuing the company at approximately €2 billion. Flagship titles include Wanted Dead or a Wild and the Chaos Crew series. The company has also made minority investments in studios such as Kitsune Studios.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2018
Headquarters
Attard, Malta
Listing
IPO 2025
Employees
124
Open positions
1
Dealroom signal
89.5/100
Industry
Gaming, Enterprise Software
Sub-industry
Mobile Gaming, Betting & Gambling
Sector
Other B2B Software, Online Gaming, Game Development, Verified Unicorns and $1B Exits, Post IPO $1B, Verified Thoroughbreds
Technology
Big Data, Mobile app
Business model
SaaS
Client focus
b2b
Investment activity
1 company, latest Nov 2025
Capital deployed
—
Preferred round
GROWTH EQUITY NON VC

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
IPO✓Exit Jul 2025 $0 — Undisclosed ↗
Showing the latest 1 of 1 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

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

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $278M +28.3% $180M 64.5% $147M 52.8%
2025 $217M +44.4% $180M 82.7% $147M 67.7%
2024 $150M +104.6% $130M 86.5% $101M 67.5%
2023 $73M +108.9% $62M 84%
2022 $35M — $29M 83.6%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Hacksaw website traffic

Latest recorded traffic for Hacksaw is 26K monthly website visits, up 18.2% over the last three months. Hacksaw's team grew 30.5% over the past year.

Latest monthly visits26K 3-month web change+18.2% 1-year team growth+30.5%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

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

Other known investors1 additional known investor

  • Kamil Guclu
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 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
🇲🇹 Malta · Attard HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Hacksaw 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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