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Mainframe Industries

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Mainframe is an independent, venture-backed game developer

Helsinki, FinlandFounded 2019Consumer 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
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Mainframe Industries and the history behind them.

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.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Helsinki, Finland
Employees
41
Open positions
None listed
Dealroom signal
59.2/100
Industry
Gaming
Sub-industry
Console & PC Gaming
Sector
Consumer Services, Hard Tech
Business model
Manufacturing
Client focus
b2c

Latest news

Press, funding announcements and product moves mentioning Mainframe Industries.

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BEquity / VC Nov 2021 $22M $89M Kevin Lin · Play Ventures · Riccardo Zacconi · Sisu Game Ventures
SERIES AEquity / VC Mar 2020 $8.4M $33M Sisu Game Ventures · Maki.vc · Play Ventures · Andreessen Horowitz
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Financials

Revenue, earnings and profit over time

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

YearRevenueGrowthProfitMargin
2026
2025
2024
2023
2022
2021
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Growth signals

Mainframe Industries website traffic

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.

Latest monthly visits2.9K 3-month web change+11.5% 1-year team growth-22.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investors

12 investors on the cap table

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
  • Hilmar Pétursson
  • Anton Gauffin
  • Dreamhaven

Other known investors1 additional known investor

  • Big bets
Team profiled 24 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 9 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
11 countries with
team presence
🇫🇮 Finland35.1%
🇮🇸 Iceland32.4%
🇫🇷 France8.1%
🇦🇺 Australia5.4%
🇨🇾 Cyprus2.7%
Top 5 of 11 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Mainframe Industries 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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