Lince Works
- Company typePrivate
- Founded2014
- HeadquartersBarcelona, Spain
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
Lince Works firmographics
Firmographics- Name
- Lince Works
- Legal name
- Lince Works S.L.
- Website
- https://linceworks.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Closed
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Where Lince Works is headquartered
LocationHeadquarters
- HQ city
- Barcelona
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Lince Works business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Game Sales (Digital): One-time purchase of games through digital storefronts (Steam, PlayStation Store, Xbox Store, Nintendo Switch eShop, Epic Games Store). Revenue generated from initial game sales and downloadable content expansion packs.
- Physical Retail Sales: Physical retail editions distributed through Merge Games for PlayStation 4, PlayStation 5, Xbox One, and Xbox Series X/S.
- DLC and Expansions: Story expansion content such as Aragami: Nightfall, providing additional campaign content for experienced players.
- Merchandise: Partnership with Makeship for limited edition merchandise such as Aragami plushies, with crowdfunding model requiring minimum pre-orders.
- Soundtrack Sales: Digital soundtrack sales on platforms including YouTube, Spotify, iTunes, and Bandcamp.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Aragami 2 Standard Digital Edition |
| One time/ perpetual license | Pay-as-you-go | Aragami 2 Physical Retail Edition |
| One time/ perpetual license | Pay-as-you-go | Aragami 2 Nintendo Switch Launch Pricing |
| One time/ perpetual license | Pay-as-you-go | Aragami (2016) Digital Edition |
| One time/ perpetual license | Pay-as-you-go | Aragami: Shadow Edition Bundle |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels10 records
Lince Works product offering
Product offeringCore offering
Lince Works is an independent video game development studio that creates and publishes the Aragami series, a line of third-person stealth games centered on supernatural shadow manipulation mechanics. Its commercial products are Aragami (2016), Aragami 2 (2021) and supporting add-on content such as Aragami: Nightfall and the Aragami: Shadow Edition bundle, sold as one-time digital or physical purchases across PC and console storefronts and via Xbox Game Pass.
Product overview
Lince Works is a Barcelona-based video game developer specializing in the Aragami stealth-action franchise. The core offering consists of Aragami (2016), a third-person stealth game where players control an undead shadow assassin, and its sequel Aragami 2 (2021), which expands the franchise with a new story set 100 years later featuring the Kurotsuba Clan versus the Akatsuchi Empire. The product line includes the base games, the Aragami: Nightfall story expansion, the Shadow Edition bundle, and supplementary merchandise including an official soundtrack and branded plushies. Aragami 2 introduced cooperative multiplayer for up to 3 players alongside enhanced character customization with 11 armor sets and a new skill-based combat system. All products are distributed through major gaming platforms including Steam, PlayStation, Xbox, and Nintendo Switch.
Differentiator
Problem solved
Functional benefit
Products and services
- Aragami Third-person stealth game (2016) for PC and console players in which the player takes the role of an undead assassin named Aragami and uses supernatural abilities to control shadows — teleporting between shadows, becoming invisible and summoning shadow powers — across a series of stealth levels with multiple approaches.
- Aragami 2 Sequel stealth game (released September 2021) for PC and console players, set 100 years after the first Aragami and following the Kurotsuba clan's defense against the Akatsuchi Empire. Adds a skill-based combat system (dodge, parry), 11-armor-set character customization, and a full campaign playable solo or cooperatively by up to three players, with Xbox/PC crossplay and Easy/Normal/Hard difficulty modes.
- Aragami: Nightfall Story expansion DLC for the original Aragami, offering additional campaign content focused on shadow assassins Hyo and Shinobu hunting the 'Alchemist' to recover a lost companion. Pitched at experienced Aragami players who want new scenarios and lore that predate the first game.
- Aragami: Shadow Edition Bundle edition of Aragami that includes the base game, the Aragami: Nightfall expansion and all additional released content for Aragami, marketed to players who want the complete original Aragami experience in a single purchase across Switch, Steam, PS4 and Xbox.
- Aragami 2 — Nintendo Switch Edition Platform-specific Nintendo Switch release of Aragami 2, including both digital (eShop) and physical editions, targeted at Switch owners who want cooperative stealth gameplay in portable and docked modes.
- Aragami 2 — Physical Retail Edition Physical boxed retail edition of Aragami 2 distributed through Merge Games on PS4, PS5, Xbox One and Xbox Series X|S in Europe and North America, priced at parity with the digital edition ($39.99 / €39.99 / £34.99).
- Aragami 2 Original Soundtrack Digital album of the Aragami 2 original score composed by Two Feathers, distributed on YouTube, Spotify, iTunes and Bandcamp for fans who want to listen to or purchase the game's soundtrack.
- Aragami Plushies Limited-edition branded plush toys of Aragami characters, produced and distributed through the Makeship crowdfunding platform, requiring minimum pre-orders before manufacture.
Quantifiable outcome
- Cooperative multiplayer supporting up to 3 players for full campaign co-op
- +4 more outcomes
Companies that use Lince Works
Customer profileSegments4 records
Ideal customer profiles2 records
Lince Works technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature7 records
Lince Works partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- MakeshipminorPartnership to create and sell limited edition Aragami plushies. The collaboration uses a crowdfunding model requiring minimum 200 pre-orders to produce the merchandise.
- Two FeathersminorTwo Feathers composed the original soundtrack for Aragami 2, available on digital platforms including YouTube, Spotify, iTunes, and Bandcamp.
- Merge GamescoreMerge Games handles physical retail distribution of Aragami 2 for PlayStation 4, PlayStation 5, Xbox One, and Xbox Series X/S in Europe and North America.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Lince Works competitors and assessment
Company assessmentDirect peers
- Asobo Studio: Independent French studio behind A Plague Tale: Innocence and A Plague Tale: Requiem — narrative-driven stealth games comparable to Lince Works' Aragami franchise in scope, target audience, and AA indie positioning.
- Cyanide Studio: French studio that developed Styx: Master of Shadows and Styx: Shards of Darkness, stealth-action titles with goblin protagonist and shadow-based abilities — directly comparable gameplay mechanics to Aragami.
- Klei Entertainment: Canadian indie studio behind Mark of the Ninja, the closest direct competitor to Aragami in the 2D/stealth genre, with similar scope, art-driven design, and indie studio economics.
- Ninja Theory: UK-based indie/AA studio (Hellblade: Senua's Sacrifice, DmC: Devil May Cry) with similar small-team origins, third-person action specialization, and multi-platform indie economics. Now a Microsoft studio.
- Supergiant Games: Small US indie studio behind Hades, Bastion, and Transistor — comparable in team size, single-IP-led strategy, and multi-platform indie economics, though operating in action-RPG rather than stealth.
- Compulsion Games: Canadian indie studio (We Happy Few, Contrast) with a similar small-team, single-franchise-driven model and multi-platform releases targeting a niche genre audience. Now a Microsoft studio.
Broad incumbents
- Arkane Studios: Developer of the Dishonored series (and Deathloop), the most prominent stealth-action franchise with supernatural abilities. Operates at a much larger scale than Lince Works but addresses the same stealth genre and consumer.
- FromSoftware: Originally developed the Tenchu series, the historical benchmark for the ninja stealth genre that Lince Works explicitly cites as inspiration for Aragami. Operates at much larger scale and broader portfolio today.
Emerging players
- Bloober Team: Polish studio known for stealth-horror titles (Layers of Fear, Observer, The Medium) and the Silent Hill 2 remake — comparable in scale and indie-to-AA studio trajectory to Lince Works, with overlapping stealth/atmospheric design DNA.
- Frictional Games: Swedish indie developer of Amnesia and SOMA — comparable small-team studio producing atmospheric, stealth-adjacent games on a multi-platform basis.
Market position
Competitive moat4 records
Key highlights6 records
Customer concentration
Lince Works social profiles
Digital presenceLince Works financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lince Works leadership team
Management profileNumber of profiles
Profiles3 records
Lince Works funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lince Works 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 Lince Works
What does Lince Works do?
Lince Works is an independent video game development studio that creates and publishes the Aragami series, a line of third-person stealth games centered on supernatural shadow manipulation mechanics. Its commercial products are Aragami (2016), Aragami 2 (2021) and supporting add-on content such as Aragami: Nightfall and the Aragami: Shadow Edition bundle, sold as one-time digital or physical purchases across PC and console storefronts and via Xbox Game Pass.
Is Lince Works a public or private company?
Lince Works is a private company. It is classified as founder individual operated bootstrapped and is currently closed.
When was Lince Works founded?
Lince Works was founded in 2014. It employs 1 to 10 people.
Where is Lince Works based?
Lince Works is headquartered in Barcelona, Spain, in the Europe region.
How does Lince Works make money?
Five revenue lines are on record. Game Sales (Digital) is the primary driver. The others are physical Retail Sales, DLC and Expansions, merchandise and soundtrack Sales.
Who are Lince Works's main competitors?
Direct peers on record are Asobo Studio, Cyanide Studio, Klei Entertainment, Ninja Theory, Supergiant Games and Compulsion Games. Broad incumbents are Arkane Studios and FromSoftware. Emerging players are Bloober Team and Frictional Games.
Does Lince Works have an API?
No public API is recorded for Lince Works.