The Outsiders

What The Outsiders does

The Outsiders is an independent game development studio headquartered in Stockholm, Sweden, operating with a headcount of 51-100 employees as a private, for-profit entity. The studio develops video games and currently has two known titles in its portfolio: Darkborn and Metal: Hellsinger, the latter being a rhythm-based action game. Distribution mechanics are not explicitly disclosed, but as a console/PC game studio, sales are most likely executed through digital storefronts (Steam, console marketplaces) and/or via publisher partnerships, though no such publisher or distribution partner is named in the available sources.

The studio's business model is not articulated in the input data — there is no disclosed pricing structure, no public revenue figure, no funding history, no ownership details, and no management team information. One scale-commentary reference cites an "$11 million" figure, but the same source is internally flagged as likely referencing an unrelated theatrical production rather than the game studio, and therefore cannot be relied upon. Customer segmentation is described only at the persona level ("Gamers") with a horizontal segmentation approach, consistent with a consumer-facing B2C title-by-title sales motion rather than enterprise or platform-based revenue.

From a technology and capability standpoint, the input contains no disclosures on engine choice (e.g., Unreal, proprietary), proprietary systems, AI/ML tooling, or platform architecture. There are no patents, trademarks, certifications, awards, or partnership announcements on record. There is no app presence on iOS or Android storefronts. Overall, the publicly available information set is thin: the company is identifiable, locatable, and has shipped at least one recognized title genre (rhythm-action), but most operational, financial, and strategic variables that an investor would normally rely on are absent from the data set.

Name

The Outsiders

Website

https://theoutsiders.se

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

The Outsiders is a Stockholm-based independent game development studio (51-100 employees) that develops and releases video games, with a known portfolio including the rhythm-based action title Metal: Hellsinger and the title Darkborn, serving consumer gamers via digital distribution.

Ownership category

akta.pro rank

Product category

Video Game Development

NAICS

Software Publishers (5132)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro industry

PRIMARYMPAFAAAC

Indie Game Studios

Media, Entertainment & Sports/Gaming & Interactive Entertainment (Video Games, Esports)/Game Development Studios (PC/Console/Mobile)

Keywords

• Video game development
• Independent game studio
• Action game development
• Rhythm-based games
• Digital game publishing

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Core offering

The Outsiders is an independent video game development studio based in Stockholm, Sweden that designs, develops, and publishes its own video game titles. The studio's product portfolio includes Darkborn and Metal: Hellsinger, which it produces and distributes under its own brand.

Product overview

The Outsiders is a game development studio based in Stockholm, Sweden. The studio develops video games, with its product portfolio including Darkborn and Metal: Hellsinger, which are distinct game titles produced under the studio's brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Metal: Hellsinger

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Direct peers

• Fatshark: Stockholm-based independent studio of comparable size developing premium action games (Warhammer: Vermintide / Darktide). Most directly comparable peer given shared geography, scale, and action-genre focus.
• Arrowhead Game Studios: Swedish indie studio (Stockholm area) behind Helldivers and Magicka. Comparable in size, regional roots, and a focus on cooperative action titles with third-party publishing support.
• Stunlock Studios: Skövde, Sweden-based indie studio behind Battlerite and V Rising. Comparable Swedish indie with similar mid-size team shipping premium action/survival titles.
• Coffee Stain Studios: Skövde-based indie studio (Goat Simulator, Satisfactory, Deep Rock Galactic publishing). Closely comparable Swedish indie in size and premium PC/console publishing model.
• Ghost Ship Games: Independent studio behind Deep Rock Galactic — a cooperative action title that shared publishing routes similar to Metal: Hellsinger. Highly comparable in stage, scope, and genre overlap.
• 10 Chambers: Stockholm-based independent studio (Payday founders) developing cooperative action titles like GTFO. Similar headcount band and indie-action orientation.

Others

• Funcom: Norwegian publisher that published Metal: Hellsinger. Listed as ecosystem counterpart rather than direct competitor, given the partner role rather than overlap in self-developed titles at Outsiders' scale.

Broad incumbents

• Thunderful Group: Sweden-headquartered game developer and publisher with multiple studios. A regional incumbent that publishes/operates indie titles across the Nordic ecosystem where Outsiders competes for talent and shelf space.
• Paradox Interactive: Stockholm-based publicly listed publisher and developer. Larger incumbent operating in the same regional talent market and serving overlapping PC/console mid-premium segments.
• Embracer Group / Saber Interactive: Large Nordic gaming conglomerate with multiple action-game studios under its umbrella. Comparable regional incumbent competing for the same publishing partners, talent, and platform features.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks4 records

Key highlights4 records

Customer concentration

• Xx.com/outsidersgames

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 The Outsiders