Squido Studio
- Company typePrivate
- Founded2019
- HeadquartersMontréal, Canada
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
Squido Studio firmographics
Firmographics- Name
- Squido Studio
- Legal name
- 15008107 Canada inc.
- Website
- https://squidostudio.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Squido Studio industry classification
Industry- Product category
- Virtual Reality Games
- NAICS
- Software Publishers (51321), Amusement Arcades (713120)
- SIC
- Services-Miscellaneous Amusement & Recreation (7990), Services-Amusement & Recreation Services (7900), Services-Prepackaged Software (7372)
- akta.pro primary industry
- VR/AR/XR Game Studios (MPAFAAAE)
- akta.pro secondary industries
- Social/UGC & Sandbox Game Studios (Roblox-like) (MPAFAAAF), VR/AR Game Publishing & Distribution (MPAFABAK), VR/AR Gaming Platforms (BPAMAKAG), Serious Games & Simulation Studios (Training, Defense, Enterprise) (MPAFAAAH)
Keywords
Where Squido Studio is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Squido Studio business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Free-to-Play VR Game Sales (DigiGods): DigiGods operates as a free-to-play multiplayer VR sandbox game on Meta Quest, generating revenue through in-game cosmetic purchases and bundles such as the Ringmaster Bundle, Bozo Bundle, DigiStarter Bundle, and Elite Supreme Bundle.
- Premium Game Sales (No More Rainbows): No More Rainbows is sold as a premium one-time purchase game on Meta Quest 2 and Steam VR, with estimated playtime of approximately 5 hours.
- In-Game Cosmetic Sales: Both games monetize through in-game cosmetic items and bundles, with DigiGods featuring hundreds of physicalized items and new cosmetic slots for hats, facewear, bodies, and pants, plus a currency system (K-OS) for purchases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free-to-play base game with optional cosmetic bundles |
| Transaction based/ take rate | Pay-as-you-go | In-game currency and cosmetic items |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Squido Studio product offering
Product offeringCore offering
Squido Studio is an independent Montreal-based VR game studio that develops and publishes virtual reality games. Its portfolio consists of two core products: No More Rainbows, a premium adventure platformer featuring a proprietary arm-based locomotion system designed to reduce VR motion sickness, and DigiGods, a free-to-play multiplayer physics-based sandbox and social XR platform that lets players spawn objects, craft minigames, and remix mechanics in real time without coding. Both titles are distributed through major VR marketplaces including Meta Quest, Steam VR, and PSVR2, monetized via one-time premium purchases, in-game cosmetic bundles, and an in-game currency (K-OS).
Product overview
Squido Studio develops VR games with a gameplay-first approach. Their portfolio consists of two core products: No More Rainbows, an adventure platformer that pioneered their unique arm-based locomotion system to reduce VR motion sickness, and DigiGods, a free-to-play multiplayer sandbox/social XR platform (formerly Anarchitects) that enables real-time collaborative game creation without coding. Both products are available on Meta Quest and Steam VR, with No More Rainbows also on PSVR2.
Differentiator
Problem solved
Functional benefit
Brands
- DigiGods: A free-to-play multiplayer VR sandbox game and social XR platform featuring physics-based gameplay, collaboration tools, real-time multiplayer, and mixed reality integration. Originally known as Anarchitects before rebranding in May 2024.
- No More Rainbows
Products and services
- DigiGods Free-to-play multiplayer VR sandbox and social XR platform where players can spawn objects, craft minigames, and remix mechanics in real time without coding. Features physics-based gameplay, real-time multiplayer, collaboration tools, and mixed reality integration targeting Gen Z and Alpha users on Meta Quest headsets.
- No More Rainbows Premium adventure platformer VR game inspired by classics such as Super Mario 64, Spyro, and Crash Bandicoot. Features a unique physics-based arm locomotion system designed to reduce motion sickness, a single-player campaign across 4 worlds with 28 levels, and a 3v3 multiplayer battle arena mode. Sold as a one-time premium purchase on Meta Quest 2, Steam VR, and PSVR2.
Quantifiable outcome
- Over 100,000 early access players for DigiGods within months of launch, targeting 1 million players
- +2 more outcomes
Companies that use Squido Studio
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Squido Studio technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Squido Studio partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Loto-QuébecminorProvided double the usual booth space at Montreal ComicCon for Squido Studio to showcase No More Rainbows. Part of Loto-Québec's initiative to support independent video game studios.
- Ubisoft / La guilde du Jeu vidéo du Québec / Québec EPIXminorOrganizers of the Caravan Pitch Contest that Squido Studio won in 2021. The contest provides winning studios with opportunities to participate in international missions with experienced investors and advisors.
- PhotoncoreThird-party operator providing real-time multiplayer infrastructure for DigiGods. Shares IP address, Meta user ID, Meta user name, and voice data for multiplayer voice chat features.
- Unity TechnologiescoreThird-party engine provider used for VR game development. Privacy policy mentions sharing IP address and Meta account username with Unity Technologies for game functionality.
- Meta (Facebook)corePlatform partner for VR game distribution through Meta Quest store and App Lab. Requires Meta account for game access. DigiGods and No More Rainbows are available on Meta Quest 2, 3, 3S, and Pro.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Squido Studio competitors and assessment
Company assessmentDirect peers
- Beat Games: Prague-based developer of Beat Saber, the defining VR rhythm game, now owned by Meta. Comparable to Squido as a VR-native studio whose single hit title drives the bulk of player engagement on Meta Quest.
- Resolution Games: Stockholm-based studio focused exclusively on VR games (Demeo, Angry Birds VR, Cook-Out). Closely comparable to Squido as a multi-title VR-native studio selling on Meta Quest, Steam VR, and PSVR2.
- nDreams: UK-based VR-native studio and publisher behind Ghostbusters, Far Cry VR, and Little Cities. Comparable to Squido as a multi-platform VR developer with both internally developed and published titles.
- Vertigo Games: Dutch VR specialist behind Arizona Sunshine and After the Fall. Comparable to Squido as a VR-focused multi-title developer publishing across Meta Quest, Steam VR, and PSVR2.
- Fast Travel Games: Stockholm-based VR-only studio developing titles like Cities VR and Wraith: The Oblivion. Comparable to Squido as a small, focused VR-native publisher on Quest and PSVR2.
- Owlchemy Labs: Austin-based VR studio behind Vacation Simulator and Job Simulator, owned by Google. Comparable to Squido as a high-engagement VR developer with strong community-driven live-ops.
- Polyarc: Bellevue-based developer of the Moss franchise, one of the most acclaimed VR adventure titles. Comparable to Squido in shipping a premium VR adventure/platformer on Meta Quest and PSVR2.
- Stress Level Zero: Developer of Boneworks and Bonelab, physics-driven VR titles. Comparable to Squido given the shared emphasis on physics-based mechanics and innovative locomotion in VR.
- Schell Games: Pittsburgh-based studio with a deep VR catalog (I Expect You To Die, Until You Fall). Comparable to Squido as a multi-title VR developer with both consumer and educational/location-based VR work.
- Rec Room: Free-to-play social VR platform with user-generated games and avatars — the closest direct analog to DigiGods in terms of social/UGC VR sandbox positioning on Meta Quest and PSVR2.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Squido Studio social profiles
Digital presenceSquido Studio financial estimates
Financial estimateRevenue estimate
Valuation estimate
Squido Studio leadership team
Management profileNumber of profiles
Profiles2 records
Squido Studio funding detail
Funding detailFunding overview
Funding rounds3 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Squido Studio M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Squido Studio
What does Squido Studio do?
Squido Studio is an independent Montreal-based VR game studio that develops and publishes virtual reality games. Its portfolio consists of two core products: No More Rainbows, a premium adventure platformer featuring a proprietary arm-based locomotion system designed to reduce VR motion sickness, and DigiGods, a free-to-play multiplayer physics-based sandbox and social XR platform that lets players spawn objects, craft minigames, and remix mechanics in real time without coding. Both titles are distributed through major VR marketplaces including Meta Quest, Steam VR, and PSVR2, monetized via one-time premium purchases, in-game cosmetic bundles, and an in-game currency (K-OS).
Is Squido Studio a public or private company?
Squido Studio is a private company. It is classified as venture growth investor backed and is currently operating.
When was Squido Studio founded?
Squido Studio was founded in 2019. It employs 11 to 50 people.
Where is Squido Studio based?
Squido Studio is headquartered in Montréal, Canada, in the North America region.
How does Squido Studio make money?
Three revenue lines are on record. Free-to-Play VR Game Sales (DigiGods) is the primary driver. The others are premium Game Sales (No More Rainbows) and in-Game Cosmetic Sales.
Who are Squido Studio's main competitors?
Direct peers on record are Beat Games, Resolution Games, nDreams, Vertigo Games, Fast Travel Games, Owlchemy Labs, Polyarc, Stress Level Zero, Schell Games and Rec Room.
Does Squido Studio have an API?
No public API is recorded for Squido Studio.
What industry is Squido Studio in?
Squido Studio's product category is Virtual Reality Games. Its primary akta.pro industry code is MPAFAAAE, VR/AR/XR Game Studios, with a secondary code of MPAFAAAF, Social/UGC & Sandbox Game Studios (Roblox-like). Its NAICS code is 51321 and its SIC code is 7990.