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Mainframe Industries
Mainframe is an independent, venture-backed game developer
About Mainframe Industries
Mainframe Industries is a venture-backed game development studio established in April 2019 by a formidable collective of thirteen industry veterans from the Nordic gaming scene. The founding team, which includes CEO Thor Gunnarsson, CTO Kjartan Emilsson, and Head of Studio Ansu Lönnberg, boasts a rich history with acclaimed studios like CCP (EVE Online), Remedy (Alan Wake), and Next Games (The Walking Dead: No Man's Land). This deep expertise in creating massive, persistent online worlds is central to the company's mission.
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The studio is focused on developing 'Pax Dei', a social sandbox Massively Multiplayer Online (MMO) game designed from the ground up as a "cloud-native" title. This architectural choice aims to deliver a seamless, cross-platform experience, allowing players to access the game world on PC, console, or mobile devices without friction. 'Pax Dei' is set in a medieval-inspired world where myths are real, inviting players to explore, build homes, and forge their own societies and economies in a persistent, shared environment. The core gameplay revolves around player agency, featuring loops for peaceful activities like resource gathering and crafting, as well as adventure-focused exploration and both Player-versus-Environment (PvE) and Player-versus-Player (PvP) combat.
Mainframe Industries operates on a significant capital foundation, having secured multiple funding rounds. The company raised €2 million in a seed round in October 2019, followed by a €7.6 million Series A in March 2020 and a substantial €20.3 million Series B in November 2021. These rounds were led by prominent venture capital firm Andreessen Horowitz (a16z) and saw participation from major industry players like Riot Games, as well as angel investors including the co-founders of Twitch and King. The business model for 'Pax Dei', which entered Early Access in June 2024, involves an initial purchase of the game, followed by a recurring fee or subscription to maintain access and in-game land plots. This model is designed to provide a stable revenue stream to support the long-term development and expansion of the game world.
Latest news
Press, funding announcements and product moves mentioning Mainframe Industries.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Nov 2021 | $22M | $89M | Kevin Lin · Play Ventures · Riccardo Zacconi · Sisu Game Ventures | ↗ |
| SERIES A✓Equity / VC | Mar 2020 | $8.4M | $33M | Sisu Game Ventures · Maki.vc · Play Ventures · Andreessen Horowitz | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Mainframe Industries is 2.9K monthly website visits, up 11.5% over the last three months. Mainframe Industries's team declined 22.6% over the past year.
Similar companies
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
Sisu Game Ventures
Crowberry Capital
Maki.vc
Play Ventures
Series A7 investors entered at this stage
Andreessen Horowitz
Riot Games
Kevin Lin
Riccardo Zacconi- HPHilmar Pétursson
Anton Gauffin
Dreamhaven
Other known investors1 additional known investor
Big bets
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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