Coffee Stain Studios
- Company typePublic
- Founded2015
- HeadquartersSkövde, Sweden
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Coffee Stain Studios does
Coffee Stain Studios operates as the flagship game development studio within Coffee Stain Group AB, a Swedish publicly listed video game holding company (Coffee Stain Group AB, Karlstad, Sweden, org.nr 559280-0014) that was spun off from Embracer Group and admitted to Nasdaq First North 25 in June 2026. The group develops and publishes video games across multiple wholly-owned studios — Coffee Stain Studios, Coffee Stain North, Coffee Stain Publishing, Ghost Ship Games (Denmark), Lavapotion, Box Dragon, Easy Trigger, Invisible Walls (UK), Tuxedo Labs, and Frame Break — using primarily Unreal Engine for flagship titles such as Satisfactory and Deep Rock Galactic.
The portfolio spans survival (Valheim, developed by Iron Gate Studio and published by Coffee Stain), cooperative shooters (Deep Rock Galactic, Deep Rock Galactic: Rogue Core), factory simulation (Satisfactory, which exited Early Access in September 2024), the Goat Simulator franchise (original, Goat Simulator 3, and Goat Simulator: Remastered), physics-based sandbox (Teardown), and live-ops cooperative RPG (Fellowship with seasonal content). The company runs a dual business model: self-publishing internally developed games and operating Coffee Stain Publishing, which provides development expertise, marketing, and distribution services to external studios under revenue-share or licensing arrangements. Distribution is global and digital-native across Steam, PlayStation, Xbox, and Nintendo Switch, with a notable extension to Nintendo Switch 2 via the Valheim 1.0 release scheduled for September 2026.
The customer base is overwhelmingly B2C individual video game consumers, with a secondary B2B segment of independent game developers seeking publishing support. Games follow a one-time license pricing model, with Early Access programs (Valheim, formerly Satisfactory) used as a community-feedback-driven revenue mechanism across multi-year development cycles. The group is led by founder and CEO Anton Westbergh and serves consumers globally with operating footprints in Sweden, the USA, the UK, Germany, France, and Japan.
Coffee Stain Studios firmographics
Firmographics- Name
- Coffee Stain Studios
- Legal name
- Coffee Stain Group AB
- Website
- https://coffeestainstudios.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Coffee Stain Studios industry classification
Industry- Product category
- Video Game Development and Publishing
- SIC
- Services-Motion Picture & Video Tape Production (7812)
- akta.pro primary industry
- Creator Tools & Production (Overlays, Alerts, Encoding, Editing, Audio) (MPAFAEAC)
Keywords
Where Coffee Stain Studios is headquartered
LocationHeadquarters
- HQ city
- Skövde
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Coffee Stain Studios business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Game Sales: Revenue generated from selling developed and published video games across multiple digital distribution platforms including PC (Steam), PlayStation, Xbox, and Nintendo Switch. Includes both initial game purchases and potential expansion/DLC sales.
- Publishing Services: Coffee Stain Publishing provides game development expertise and distribution services to external developers, taking a share of revenues or licensing fees in exchange for marketing, publishing support, and platform access.
- Early Access and Full Release Model: Games such as Valheim and Satisfactory launched in Early Access before achieving full 1.0 releases, generating revenue throughout extended development periods while incorporating community feedback.
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Coffee Stain Studios product offering
Product offeringCore offering
Coffee Stain Studios develops and publishes video games across PC (Steam) and console platforms (PlayStation, Xbox, Nintendo Switch), spanning survival, cooperative shooter, factory simulation, action, and strategy genres. Through Coffee Stain Publishing, the company additionally provides publishing, marketing and distribution services to external independent game studios and takes a revenue share in return.
Product overview
Coffee Stain Group is a Swedish video game company comprising multiple studios under a publishing umbrella. The portfolio includes flagship titles like Goat Simulator (original, sequel, and remastered), Satisfactory (factory-building simulation), Deep Rock Galactic franchise (cooperative shooter), Valheim (survival game), and various other games. The company operates through a multi-studio model including Coffee Stain Studios, Coffee Stain North, Coffee Stain Publishing, and acquired studios (Ghost Ship Games, Lavapotion, Box Dragon, Easy Trigger, Invisible Walls, Tuxedo Labs, Frame Break). Their publishing division supports external developers in bringing games to market.
Differentiator
Problem solved
Functional benefit
Products and services
- Valheim Viking-themed survival game developed by Iron Gate Studio and published by Coffee Stain, featuring procedurally generated worlds, building mechanics and Norse mythology-themed gameplay. Available across PC and multiple console platforms.
- Deep Rock Galactic Cooperative first-person shooter set in procedurally generated cave systems with dwarven mining crews, supporting 4-player co-op. Developed by Ghost Ship Games and published by Coffee Stain.
- Deep Rock Galactic: Rogue Core Spin-off title set in the Deep Rock Galactic universe, distributed through Coffee Stain's publishing channels.
- Satisfactory Factory-building simulation game in which players explore and build factories on an alien planet with real-time physics and large-scale resource management. Originally developed internally by Coffee Stain Studios.
- Goat Simulator Humorous sandbox game where players control a goat causing chaos in various environments; the original title that established Coffee Stain's reputation.
- Goat Simulator 3 Sequel to Goat Simulator featuring continued chaotic gameplay and new features.
- Goat Simulator: Remastered Remastered version of the original Goat Simulator with improved graphics and content.
- Teardown Physics-based sandbox game with voxel-based destructible environments.
- Huntdown Classic-style run-and-gun platformer with cartoon graphics.
- Huntdown: Overtime Expansion or continuation of Huntdown featuring additional content.
- Fellowship Cooperative RPG with seasonal content updates featuring new heroes and gameplay expansions.
- Songs of Conquest Turn-based strategy game in a fantasy kingdom conquest setting.
- Sanctum Tower defense hybrid game combining FPS and strategy elements; the studio's foundational title.
- Sanctum 2 Sequel to Sanctum with enhanced tower defense gameplay.
- Super Sanctum TD Tower defense game in the Sanctum universe.
- Into the Unwell Game title within the Coffee Stain portfolio.
- As We Descend Game title within the Coffee Stain portfolio.
- Midnight Ghost Hunt Multiplayer game combining ghost hunting mechanics.
- Welcome to Bloxburg Building and simulation game within the Roblox platform.
- A Story About My Uncle First-person platformer adventure game.
- Coffee Stain Publishing Publishing division that provides game development expertise, marketing and distribution support to external independent game developers, taking a share of revenues or licensing fees in return. Publishers titles such as Valheim (Iron Gate Studio) and Deep Rock Galactic (Ghost Ship Games).
Quantifiable outcome
- Multiple million unit-selling titles achieved
- +1 more outcomes
Companies that use Coffee Stain Studios
Customer profileSegments2 records
Ideal customer profiles2 records
Coffee Stain Studios technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Coffee Stain Studios partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- NasdaqcoreNasdaq announced Coffee Stain's entry into the First North 25 index as a spin-off from Embracer Group. The index has returned nearly 2,900 percent since inception in 2015.
- Ghost Ship GamescoreGhost Ship Games is a Danish game studio known for developing Deep Rock Galactic. The studio was acquired by Embracer Group through Coffee Stain Holding in July 2021 and operates as a subsidiary within the Coffee Stain Group portfolio of studios.
- LavapotionminorSwedish game studio operating under the Coffee Stain Group umbrella, developing games within the Coffee Stain publishing ecosystem.
- Box DragonminorSwedish game studio in the Coffee Stain Group portfolio, developing games for publishing through Coffee Stain channels.
- Easy TriggerminorGame studio operating under Coffee Stain Group, developing games for publication through Coffee Stain's distribution network.
- Invisible WallsminorUK-based game studio in the Coffee Stain Group portfolio developing games within the company's publishing ecosystem.
- Tuxedo LabsminorSwedish game studio in the Coffee Stain Group portfolio, developing games for publication through Coffee Stain channels.
- Frame BreakminorSwedish game studio operating under Coffee Stain Group, developing games within the Coffee Stain publishing ecosystem.
- Iron Gate StudiocoreIron Gate Studio developed Valheim, which Coffee Stain publishes. Iron Gate announced Valheim's full 1.0 release on September 9, 2026, marking the end of Early Access after over five years of development.
Scale indicators3 records
Recent moves7 records
Expansion highlights6 records
Coffee Stain Studios competitors and assessment
Company assessmentDirect peers
- Devolver Digital: Independent video game publisher that combines first-party development with third-party publishing of indie and mid-market titles. Devolver's hybrid publisher-developer model and focus on distinctive, niche-targeted games closely mirror Coffee Stain's positioning.
- Team17: UK-listed independent video game publisher and developer known for the Worms franchise and a broad indie publishing catalog. Comparable to Coffee Stain in combining internal IP development with a third-party publishing business across multiple platforms.
- Paradox Interactive: Swedish video game publisher and developer specializing in strategy and simulation titles with strong ongoing DLC and expansion revenue. Highly comparable as a Swedish-headquartered publicly listed game publisher with a portfolio of niche but commercially successful franchises.
- THQ Nordic: Video game publisher and developer with a strong portfolio catalog and emphasis on reviving or extending established IPs. Comparable in its hybrid development-plus-publishing model and catalog-driven strategy across PC and consoles.
- Focus Entertainment: French video game publisher and developer with a diversified portfolio of internally developed and third-party published titles. Comparable in being a publicly listed, multi-genre publisher with both owned IP and external studio partnerships.
- Raw Fury: Swedish-headquartered independent video game publisher focused on distinctive indie and mid-market titles. Closely comparable to Coffee Stain Publishing in geography, indie publishing focus, and developer-services orientation.
- Annapurna Interactive: Independent video game publisher known for distinctive, critically acclaimed indie titles. Comparable as a third-party-focused publisher competing for the same developer talent and player mindshare in the indie/AA segment.
- Curve Digital: Independent video game publisher with a broad catalog of indie titles across PC and consoles. Comparable in its publishing-services orientation and multi-platform distribution strategy.
Broad incumbents
- Embracer Group: Former parent company of Coffee Stain and one of the largest gaming conglomerates globally. Relevant as both Coffee Stain's former parent and a broad incumbent operating across publishing, distribution, and multiple internal studios.
Emerging players
- Modus Games: Independent video game publisher focused on mid-market and indie titles across console and PC. Comparable in third-party publishing model, though smaller in scale and title count than Coffee Stain Publishing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Coffee Stain Studios social profiles
Digital presenceCoffee Stain Studios financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coffee Stain Studios leadership team
Management profileNumber of profiles
Profiles1 record
Coffee Stain Studios subsidiaries and ownership
Company hierarchySubsidiaries10 records
Coffee Stain Studios funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coffee Stain Studios M&A and investment
M&A and investmentM&A3 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coffee Stain Studios
What does Coffee Stain Studios do?
Coffee Stain Studios develops and publishes video games across PC (Steam) and console platforms (PlayStation, Xbox, Nintendo Switch), spanning survival, cooperative shooter, factory simulation, action, and strategy genres. Through Coffee Stain Publishing, the company additionally provides publishing, marketing and distribution services to external independent game studios and takes a revenue share in return.
Is Coffee Stain Studios a public or private company?
Coffee Stain Studios is a public company. It is classified as public and is currently operating.
When was Coffee Stain Studios founded?
Coffee Stain Studios was founded in 2015. It employs 11 to 50 people.
Where is Coffee Stain Studios based?
Coffee Stain Studios is headquartered in Skövde, Sweden, in the Europe region.
How does Coffee Stain Studios make money?
Three revenue lines are on record. Game Sales are the primary driver. The others are publishing Services and early Access and Full Release Model.
Who are Coffee Stain Studios's main competitors?
Direct peers on record are Devolver Digital, Team17, Paradox Interactive, THQ Nordic, Focus Entertainment, Raw Fury, Annapurna Interactive and Curve Digital. Embracer Group is listed as a broad incumbent. Modus Games is listed as an emerging player.
Does Coffee Stain Studios have an API?
No public API is recorded for Coffee Stain Studios.
What industry is Coffee Stain Studios in?
Coffee Stain Studios's product category is Video Game Development and Publishing. Its primary akta.pro industry code is MPAFAEAC, Creator Tools & Production (Overlays, Alerts, Encoding, Editing, Audio). Its SIC code is 7812.