Team17 Software
Team17 is a UK-based independent video game developer and publisher (LSE: TM17) founded in 1990, known for the Worms franchise and a 30+ year indie game publishing program serving both gamers and indie developers across all major digital platforms.
- Company typePublic
- Founded1990
- HeadquartersNottingham, United Kingdom
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What Team17 Software does
Team17 is a UK-based independent video game developer and publisher operating since 1990, publicly listed on the London Stock Exchange under the ticker TM17 (legal entity: Team17 Digital Limited; parent: Team17 Group plc). The company operates a hybrid model: it develops first-party IP such as the Worms franchise (launched 1995) and publishes third-party indie games through a 'Pitch Your Game' developer outreach program that has run for over 30 years. Headquartered in Nottingham with additional offices in Wakefield and Manchester, the company employs 51-100 people and distributes its catalog across all major digital storefronts (Steam, Epic Games Store, GOG, PlayStation Store, Xbox Store, Nintendo eShop, iOS, Android) plus emerging platforms like Roblox and VR. The current portfolio spans approximately 20+ active titles across action-adventure (Blasphemous), party/co-op (Overcooked!, Hell Let Loose, Rogue Point), creature-collecting RPG (Lumentale: Memories of Trey), horror (Holstin), simulation (Before We Leave, Sintopia), strategy (Worms), and roguelite (SWORN) genres.
The company's revenue model is built on one-time game sales across digital storefronts, supplemented by virtual goods and in-game purchases (using virtual currency such as legacy Facebook Credits). Pricing is set per title per platform, typically $4.99-$59.99. Distribution relies on platform-holder relationships with Sony, Microsoft, Nintendo, and Valve, plus the company's own store.team17.com. Customer segments are two-sided: individual game consumers (B2C, long-tail) and indie game developers (B2B, supply side of the publishing pipeline). Through the July 2021 acquisition of Dublin-based StoryToys for €22m ($26.5m) plus up to $22.5m in contingent earnouts, Team17 added an edutainment/children's apps vertical with 100m+ cumulative downloads. The company has executed multiple acquisitions since 2016 (Mouldy Toof Studios, Yippee Entertainment, Hell Let Loose IP, Astragon, The Label, Touch Press) and conducted two rounds of staff reductions in 2023 and 2026, the latter eliminating the internal marketing and communications department.
Team17 Software firmographics
Firmographics- Name
- Team17 Software
- Legal name
- Team17 Digital Limited
- Website
- https://team17.com
- Company type
- Public
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Team17 is a UK-based independent video game developer and publisher (LSE: TM17) founded in 1990, known for the Worms franchise and a 30+ year indie game publishing program serving both gamers and indie developers across all major digital platforms.
- Ownership category
- akta.pro rank
Team17 Software industry classification
Industry- Product category
- Video Game Publishing
- NAICS
- Software Publishers (5132)
- akta.pro primary industry
- Full-Service Game Publishers (1st/2nd/3rd-Party Publishing) (MPAFABAA)
- akta.pro secondary industry
- Indie Game Studios (MPAFAAAC)
Keywords
Where Team17 Software is headquartered
LocationHeadquarters
- HQ city
- Nottingham
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Team17 Software business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Marketing or Sales, Technology or R&D, Operations
Revenue model
- Game Sales (Direct): Team17 generates revenue through the sale of video games across multiple platforms. Games are sold as one-time purchases with prices varying by title. The company publishes both internally developed titles (like the Worms franchise and Hell Let Loose) and games from external indie developers they partner with. Revenue comes from sales through digital storefronts (Steam, Epic Games Store, PlayStation Store, Xbox Store, Nintendo eShop) as well as their own store at store.team17.com.
- Virtual Goods and In-Game Purchases: The company offers virtual in-game items, virtual currency, and other digital goods within their games. Players can purchase virtual items using third-party virtual currency (such as Facebook Credits) or other payment methods. All purchases and redemptions of virtual currency are non-refundable.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Individual game titles sold at retail price per platform |
Go-to-market motion1 record
Distribution channels9 records
Marketing channels5 records
Team17 Software product offering
Product offeringCore offering
Team17 develops and publishes a portfolio of independent and owned video games across PC (Steam, Epic, GOG), PlayStation, Xbox, Nintendo Switch, mobile, VR, and Roblox platforms. The company both internally develops flagship franchises (Worms, Overcooked!, Hell Let Loose) and partners with external indie studios through a publishing model that provides funding, marketing, and global distribution in exchange for publishing rights.
Product overview
Team17 is a UK-based video game publisher specializing in indie games. The company publishes a diverse portfolio of games across multiple genres including action-adventure (Blasphemous), party games (Overcooked!), strategy (Worms franchise), simulation (Before We Leave, Sintopia), horror (Hell Let Loose), and roguelites (SWORN). Their platform offers games across PC (Steam, Epic, GOG), PlayStation, Xbox, Nintendo Switch, and mobile. Key titles include the Worms franchise with multiple entries like Worms Rumble (real-time combat), Worms W.M.D Mobilize (turn-based), and Worms: Tower Defense (Roblox), as well as co-op games like Rogue Point, Goblin Cleanup, and Hell Let Loose. The company also acquired StoryToys in 2021, an educational entertainment app developer with over 100 million downloads.
Differentiator
Problem solved
Functional benefit
Products and services
- Blasphemous Action-adventure game featuring gothic horror aesthetics and challenging combat, available across multiple platforms.
- DREDGE Fishing and mystery game where players explore a dark underwater world.
- Hell Let Loose First-person shooter featuring large-scale WWII battles with realistic squad-based gameplay.
- Overcooked! Chaotic cooperative cooking party game where players prepare meals together in challenging kitchen environments.
- Worms Long-running franchise of turn-based artillery strategy games featuring teams of cartoon worms battling with ridiculous weapons.
- Rogue Point 4-player co-op tactical shooter with campaign missions, AI enemy classes, and a parametric design system that reshapes maps for replayability. Developed by Crowbar Collective and published by Team17.
- Goblin Cleanup Cooperative dungeon cleanup simulation where players act as goblin maids scrubbing blood, resetting traps, and respawning creatures. Developed by Crisalu Games and published by Team17.
- Worms: Tower Defense Tower defense game on Roblox where players strategically place Worm Towers, upgrade armies, and defend bases against enemy worms. Developed by Feenix Group in partnership with Team17.
- Wardrum Turn-based rhythm roguelite where players lead a tribal warband, timing attacks to the beat with rhythm magic and tactical grid-based combat. Developed by Mopeful Games and published under licence by Team17 Digital Limited.
- Sintopia Hell management sim and god game hybrid where players manage the bureaucratic administration of Hell, punishing souls and building resurrection businesses. Developed by Piraknights Games and published under licence by Team17 Digital Limited.
- Marauders Tactical first-person multiplayer shooter set in a dystopian sci-fi universe with space pirate gameplay, raiding, and loot mechanics.
- Worms Rumble First real-time combat Worms game with 32-player Battle Royale and Deathmatch modes featuring cross-platform multiplayer.
- Worms W.M.D Mobilize Turn-based action strategy game where teams of worms battle across randomly generated destructible landscapes.
- SWORN 1-4 player co-op action rogue-like featuring an Arthurian legend retelling with over 200 unique blessings from Fae Lords. Developed by Windwalk Games and published under licence by Team17 Digital Limited.
- Alien Breed Trilogy Collection of three arcade-shooter titles featuring an epic narrative, intelligent alien enemies, and two-player online co-op modes, built on Unreal Engine 3.
- Hammerting Colony-building mining and crafting game where players manage dwarves mining and crafting weapons in the Mountains of Mara.
- The Serpent Rogue Potion crafting ARPG with roguelite elements where players research, combine, and craft potions to restore a corrupted medieval realm.
- Before We Leave Cozy city builder where players guide surviving peeps rebuilding civilization across multiple planets after a planetary apocalypse.
- Maruta Escape Stealth-puzzle game with time-bending action where players escape a dystopian human experimentation facility by rewinding gameplay.
- Lumentale: Memories of Trey Creature-collecting RPG featuring approximately 140 creature species called Animon across 13 elemental types with Pokemon-style mechanics. Developed by Beehive Studios and published by Team17, launching on Nintendo Switch and Steam.
- Silver Pines Upcoming survival horror metroidvania from Team17 and Wych Elm Games.
- Rover's Tale Relaxing game available on Steam, GOG, and Epic Games Store.
- Nice Day for Fishing Adventure RPG game available on Steam, PlayStation, and Nintendo Switch.
- Date Everything Dating sim and romance game where players can date various objects and characters.
- Hokko Spaces Creative / relaxing game featured on Team17's official homepage and available on Steam.
- Hell Let Loose: Vietnam New Hell Let Loose Vietnam-set title available for wishlisting on Steam, PlayStation, Xbox, and Epic Games Store.
Quantifiable outcome
- 100+ million downloads (StoryToys acquisition)
- +1 more outcomes
Companies that use Team17 Software
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles2 records
Team17 Software technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Team17 Software partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Crowbar CollectivecoreCrowbar Collective developed Rogue Point, a cooperative PvE shooter, with funding and publishing support from Team17. The studio, previously known for the Black Mesa remake of Half-Life, hopes the title can help revive the AA game market.
- Sonka (Holstin)minorPolish studio Sonka developed Holstin, a psychological horror game, with Team17 signing on as publisher to provide additional funding and production support. The game features a dynamic camera system and proprietary 2XD Rendering technology.
- StoryToyscoreTeam17 acquired Dublin-based StoryToys, an educational entertainment app developer and publisher, for €22m ($26.5m) with potential additional $22.5 million contingent on specific targets. StoryToys was founded in 2011 and has partnered with major entertainment brands with over 100 million downloads.
- Epic Games StorecoreTeam17 publishes games on Epic Games Store as part of their multi-platform distribution strategy.
- Steam (Valve)coreSteam is a primary distribution platform for Team17 games, hosting the majority of their PC game releases.
- Microsoft (Xbox)coreTeam17 publishes games on Xbox Store and has partnered with Xbox for Free Play Days promotions featuring titles like State of Decay 2 and Blasphemous 2.
- Sony (PlayStation)coreTeam17 publishes games on PlayStation Store as part of their multi-platform distribution strategy.
- Nintendo (Switch)coreTeam17 publishes games on Nintendo eShop, with titles like Lumentale: Memories of Trey launching on Nintendo Switch.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Team17 Software competitors and assessment
Company assessmentDirect peers
- Raw Fury: Indie game publisher partnering with independent developers to release games on PC and consoles. Directly comparable business model targeting the same indie developer community.
- tinyBuild Games: Indie game publisher and developer working with external studios across PC and consoles. Comparable peer in scale, listing status (AIM-listed), and approach to indie developer partnerships.
- Annapurna Interactive: Indie-focused games publisher distributing third-party titles across all major platforms. Direct competitor for the same indie developer pipeline and target gaming audience.
- Devolver Digital: Independent video game publisher with a similar indie-focused model, publishing third-party titles across PC and consoles. Closely comparable in size, business model, and target developer base.
- 505 Games: Mid-tier multi-platform game publisher owned by Digital Bros; publishes both indie and mid-market titles across PC, console, and mobile. Comparable in scope and multi-platform publishing footprint.
- Coffee Stain Publishing: Publishing arm of Coffee Stain Studios/Embracer, working with external indie developers to publish games on PC and consoles. Similar model of developer outreach and multi-platform release.
Broad incumbents
- Paradox Interactive: Swedish publisher-developer of strategy/management games on PC and console. Comparable as a publicly listed European games publisher with self-developed and licensed titles, though focused on the strategy genre.
- THQ Nordic: European games publisher and Embracer subsidiary with a broad PC/console catalog. Comparable as a public European publisher but operates at significantly larger scale with both remaster and new-IP strategies.
- Embracer Group: Massive Swedish gaming conglomerate that owns Coffee Stain, THQ Nordic, Gearbox and many other publishers. Overlaps with Team17 in the broader indie/AA publishing space and is a key consolidator referenced in the data.
- Focus Entertainment: Larger European publisher (now PulluP Entertainment) operating across AA and indie titles on all major platforms. Overlaps in indie publishing but operates at a higher scale and broader portfolio.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Team17 Software social profiles
Digital presenceTeam17 Software financial estimates
Financial estimateRevenue estimate
Valuation estimate
Team17 Software leadership team
Management profileNumber of profiles
Profiles4 records
Team17 Software subsidiaries and ownership
Company hierarchySubsidiaries1 record
Team17 Software funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Team17 Software M&A and investment
M&A and investmentM&A7 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Team17 Software
What does Team17 Software do?
Team17 develops and publishes a portfolio of independent and owned video games across PC (Steam, Epic, GOG), PlayStation, Xbox, Nintendo Switch, mobile, VR, and Roblox platforms. The company both internally develops flagship franchises (Worms, Overcooked!, Hell Let Loose) and partners with external indie studios through a publishing model that provides funding, marketing, and global distribution in exchange for publishing rights.
Is Team17 Software a public or private company?
Team17 Software is a public company. It is classified as public and is currently operating.
When was Team17 Software founded?
Team17 Software was founded in 1990. It employs 51 to 100 people.
Where is Team17 Software based?
Team17 Software is headquartered in Nottingham, United Kingdom, in the Europe region.
How does Team17 Software make money?
Two revenue lines are on record. Game Sales (Direct) is the primary driver. The others are virtual Goods and In-Game Purchases.
Who are Team17 Software's main competitors?
Direct peers on record are Raw Fury, tinyBuild Games, Annapurna Interactive, Devolver Digital, 505 Games and Coffee Stain Publishing. Broad incumbents are Paradox Interactive, THQ Nordic, Embracer Group and Focus Entertainment.
Does Team17 Software have an API?
No public API is recorded for Team17 Software.
What industry is Team17 Software in?
Team17 Software's product category is Video Game Publishing. Its primary akta.pro industry code is MPAFABAA, Full-Service Game Publishers (1st/2nd/3rd-Party Publishing), with a secondary code of MPAFAAAC, Indie Game Studios. Its NAICS code is 5132.