VEA Games

What VEA Games does

VEA Games AB is a privately held video game development studio founded in 2015 and registered in Sweden, with an additional firmographic footprint referencing Limassol, Cyprus. The company develops family-friendly, accessible 3D platformers for consoles and PC, built around a single core property: Nikoderiko: The Magical World. The title features seven distinct worlds, playable animal mounts with unique abilities, single-screen couch co-op for shared family play, and a soundtrack arranged by veteran platformer composer David Wise. Technology is a conventional real-time 3D game engine deployed across Xbox, PlayStation (PS4/PS5), Nintendo Switch, Steam, and Epic Games Store, with a Nintendo Switch Director's Cut SKU offered as a differentiated edition.

The business model is a single-product, one-time-purchase revenue model distributed via five major digital storefronts under a publishing agreement with Knights Peak Interactive, a division of MY.GAMES B.V. The company follows a product-led growth motion, with demos available across every supported platform and an organic social presence on Twitter/X, Facebook, and YouTube to drive awareness. The target segment is horizontal: families and players of all ages seeking wholesome co-op gaming. The studio has raised approximately $2M in disclosed funding from GEM Capital (2021), with a follow-on, undisclosed round from the same investor committed in June 2024 to fund a new project.

Name

VEA Games

Legal name

VEA Games AB

Website

https://veagames.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

VEA Games AB is a Swedish indie game studio developing family-friendly 3D platformers for consoles and PC, anchored by its flagship title Nikoderiko: The Magical World, distributed globally via major digital storefronts under publisher Knights Peak Interactive.

Ownership category

akta.pro rank

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Video Game Sales: VEA Games generates revenue through one-time purchase video game sales distributed via digital storefronts including Xbox, PlayStation, Nintendo Switch, Steam, and Epic Games Store. The company has released 'Nikoderiko: The Magical World' as a family-friendly platformer with couch co-op features.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

VEA Games is an indie video game development studio that designs and sells family-friendly 3D platformer games for consoles and PC. Its flagship product, Nikoderiko: The Magical World, features couch co-op multiplayer, seven unique worlds, collectible animal mounts, and an original soundtrack arranged by David Wise. The game is sold as a one-time digital purchase via Xbox, PlayStation, Nintendo Switch, Steam, and Epic Games Store, with global publishing handled by Knights Peak Interactive (a division of MY.GAMES B.V.).

Product overview

VEA Games is a game development studio offering a single unified product: Nikoderiko: The Magical World, a family-friendly 3D platformer. The game is distributed across multiple platforms including Xbox, PlayStation, Nintendo Switch, Epic Games Store, and Steam, and is published by Knights Peak Interactive, a division of MY.GAMES B.V.

Differentiator

Problem solved

Functional benefit

Products and services

• Nikoderiko: The Magical World A family-friendly 3D platformer in which players navigate seven unique worlds alongside animal friends to defeat the villainous Grimbald of the Cobring Gems Company. The game features single-screen couch co-op multiplayer, collectible animal mounts with unique abilities that function as both rides and battle allies, varied gameplay themes including minecarts, chase levels, and underwater sequences, and an original soundtrack arranged by David Wise. Targeted at families and players of all ages on consoles and PC.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Knights Peak Interactive (MY.GAMES B.V)coreChannel Partner/ Reseller/ DistributorKnights Peak Interactive, a division of MY.GAMES B.V., serves as the publisher for Nikoderiko: The Magical World. The publisher handles distribution and marketing through major digital storefronts including Xbox, PlayStation, Nintendo Switch, Steam, and Epic Games Store.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Playtonic Games: UK-based indie studio behind Yooka-Laylee and other 3D platformers targeting family/all-ages audiences. Closely comparable in scale, genre focus, and nostalgia-driven design philosophy to VEA Games.
• Yacht Club Games: US indie studio famous for Shovel Knight, a tightly designed 2D/3D hybrid platformer with retro aesthetics and strong music direction. Comparable as a small indie platformer studio with a single flagship IP and co-op variants.
• Studio MDHR: Canadian indie studio behind Cuphead, a 2D platformer/brawler with strong art direction and music. Comparable as a small team delivering a single high-profile, family-friendly platformer across multiple platforms.
• Moon Studios: Austrian indie studio behind the Ori and the Blind Forest / Will of the Wisps platformer series. Comparable as a small studio producing critically acclaimed, family-friendly action platformers published by a larger partner (Xbox Game Studios).
• WayForward: Long-running US indie studio behind the Shantae platformer series, with multi-platform releases and recurring IP. Comparable in business model (multi-platform indie platformers) though more established.
• Thunder Lotus Games: Canadian indie studio behind Jotun, Sundered, and Spiritfarer — multi-platform releases with distinctive art direction. Comparable as a small indie developer shipping across PC and consoles.

Regional players

• Tarsier Studios: Swedish indie/small studio behind Little Nightmares (with Bandai Namco) and other narrative platformers. Comparable as a fellow Swedish-headquartered small studio shipping multi-platform indie titles.

Broad incumbents

• MY.GAMES: International games publisher and parent of VEA's actual publisher (Knights Peak Interactive). A broader incumbent relevant for benchmarking publishing economics and partner dependency risk.
• Devolver Digital: Public indie publisher known for backing small studios on multi-platform platformer-adjacent titles. Relevant for benchmarking publisher economics and indie distribution benchmarks.
• Team17: UK-listed indie publisher with a long roster of small studios across PC and console. Comparable as an established multi-platform indie publisher archetype against which VEA's publisher relationship can be benchmarked.

Market position

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/gamesvea
• YouTubeyoutube.com/veagames
• Facebookfacebook.com/veagames
• LinkedInlinkedin.com/company/veagames

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VEA Games