Artifex Mundi

What Artifex Mundi does

Artifex Mundi S.A. is a publicly listed Polish mobile game developer (Warsaw Stock Exchange ticker: ARM) headquartered in Warsaw with operational correspondence in Katowice, organized into two independent internal studios: an Adventure Studio focused on Hidden Object titles and an RPG Studio responsible for tactical RPG products. The company has over 16 years of continuous game development experience and a team of 100+ employees, with a published catalog spanning the Enigmatis, Nightmares from the Deep, Grim Legends, Clockwork Tales, Irony Curtain, My Brother Rabbit, and Bladebound franchises, alongside two current flagship titles: Unsolved (a free-to-play Hidden Mystery/Object mobile game launched in 2022) and Void Hunters (a free-to-play tactical RPG with turn-based combat and hero-synergy mechanics, with presence on mobile and Steam).

The company monetizes exclusively through a free-to-play model on consumer-facing mobile and PC storefronts. Revenue is generated via in-app purchases (virtual currency, season/game passes, and consumable virtual items) and in-game advertising, including rewarded ads that grant in-game benefits. Distribution is global through Google Play, Apple App Store, and (for Void Hunters) Steam, with player acquisition executed through paid campaigns on AppLovin, Meta, ByteDance/TikTok, Reddit, and Google ad infrastructure, and player retention supported by community management on Discord and social channels. Generative AI tools are used in development workflows to streamline production, with explicit human oversight for any user-facing or support decisions. The legal entity is Artifex Mundi Spółka Akcyjna, registered in Poland under KRS 0000599733, with stated share capital of 119,124.88 PLN, and reports financial results through public investor-relations disclosures including periodic and current reports.

Name

Artifex Mundi

Legal name

Artifex Mundi Spółka Akcyjna

Website

https://artifexmundi.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Artifex Mundi is a publicly listed Polish mobile game developer (Warsaw Stock Exchange: ARM) with 100+ employees operating two studios (Adventure and RPG), publishing free-to-play Hidden Object and tactical RPG titles such as Unsolved and Void Hunters to global consumers via app stores and Steam.

Ownership category

akta.pro rank

Headquarters

HQ city

Zabrze

HQ country

Poland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. In-App Purchases: Free-to-play model with virtual currency, game passes, and consumable virtual items purchasable within games. Users can buy digital content with real money through third-party platform stores (Google Play, Apple App Store). All purchases are non-refundable and non-transferable between accounts or games.
2. In-Game Advertising: The company displays advertisements to users, including personalized ads that may be traded for in-game benefits. Ads may be shown in exchange for certain in-game advantages.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Artifex Mundi is a Polish mobile game developer that designs, develops, and publishes free-to-play mobile games in the Hidden Object adventure and tactical RPG genres. Its main live products are Unsolved (a Hidden Object F2P adventure game) and Void Hunters (a tactical RPG with turn-based combat and hero synergy), supported by a back catalog of narrative-driven adventure titles including Enigmatis, Nightmares from the Deep, My Brother Rabbit, Irony Curtain, Bladebound, Clockwork Tales, and Grim Legends 3.

Product overview

Artifex Mundi is a Polish mobile game developer operating two independent studios (Adventure and RPG) with 16-20 years of experience and over 100 employees. The company develops and publishes free-to-play (F2P) mobile games primarily in the Hidden Object and RPG genres. Their current main products are Unsolved (a Hidden Object F2P game combining adventure mechanics with monetization) and Void Hunters (a tactical RPG with turn-based combat and hero synergy systems). They also maintain a catalog of published titles including My Brother Rabbit, Bladebound: The Dark City, Enigmatis 3, Irony Curtain, Nightmares from the Deep 3, Clockwork Tales, and Grim Legends 3. Games are delivered as live services with regular content updates, in-app purchases, and optional advertising.

Differentiator

Problem solved

Functional benefit

Brands

• Adventure Studio: Studio focused on Adventure mobile games including Hidden Object and F2P games
• RPG Studio
• Unsolved
• Void Hunters

Products and services

• Unsolved Free-to-play mobile Hidden Object adventure game combining narrative-driven gameplay with F2P mechanics; players find hidden objects to solve puzzles and progress through stories. Designed for individual mobile gamers seeking long-term engagement.
• Void Hunters Tactical RPG focused on deep systems, squad progression, and meaningful player decisions; combines turn-based combat with extensive progression systems and mechanics centered on building synergies between heroes. Targeted at mobile RPG enthusiasts.
• My Brother Rabbit Narrative-driven hidden object adventure game published by Artifex Mundi as part of its back catalog of premium titles.
• Bladebound: The Dark City Adventure game title in the Bladebound series published by Artifex Mundi, part of its published game catalog.
• Enigmatis 3: The Shadow of Karkhala Part of the Enigmatis hidden object series featuring paranormal investigation and mystery gameplay.
• Irony Curtain: From Matryoshka with Love Comedic hidden object adventure game set during the Cold War era with a satirical theme.
• Nightmares from the Deep 3: Davy Jones Pirate-themed hidden object adventure game featuring marine exploration and puzzle solving.
• Clockwork Tales: Of Glass and Ink Steampunk-themed hidden object adventure game with Victorian-era aesthetics.
• Grim Legends 3: The Wraiths of Eden Dark fantasy hidden object adventure game featuring legendary tales and supernatural elements.

Quantifiable outcome

• 16 years of continuous operation delivering games
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Playtika: Public mobile F2P publisher (PLTK) running social casino and casual live-ops games. Comparable business model (UA-driven F2P, multi-title portfolio) at much larger scale.
• Playrix: Global mobile F2P leader in casual puzzle (Homescapes, Gardenscapes). Operates the same hidden-object-adjacent casual F2P model at much larger scale, making it the most direct product-overlap benchmark.
• Moon Active: Israeli mobile F2P studio behind Coin Master — high-ARPU casual/social casino F2P. Operates in the same channels (Meta UA, IAP monetization) targeting overlapping casual mobile demographics.
• Huuuge Games: Polish mobile F2P studio publishing casino-style and casual games globally. Direct geographic and business-model peer to Artifex Mundi with a comparable headcount and WSE-adjacent profile.
• Vivid Games: Polish mobile game developer and WSE-listed studio (VVD) focused on mid-core mobile titles. Comparable in size, geography, and listed-mid-cap status to Artifex Mundi.

Broad incumbents

• Zynga (Take-Two Interactive): Acquired by Take-Two in 2022; operates the largest mobile F2P social/casual portfolio globally. Benchmark for mobile F2P scale, UA efficiency, and LiveOps maturity.
• PlayWay: WSE-listed Polish publisher rolling up indie PC/mobile studios. Same listing venue and Polish gaming ecosystem; broader portfolio but unrelated core genre.
• 11 bit studios: WSE-listed Polish game studio (11B) known for This War of Mine and Frostpunk. Same Polish gaming ecosystem and listed-mid-cap profile, though focused on premium PC/console rather than mobile F2P.
• King (Activision Blizzard / Microsoft): Mobile F2P incumbent behind Candy Crush, owned by Microsoft post-Activision deal. Anchors the casual mobile F2P market Artifex Mundi competes for player attention against.

Emerging players

• Wooga: Berlin-based mobile studio specializing in story-driven casual/hidden-object games (e.g., June's Journey). Overlaps directly with Artifex Mundi's Hidden Object expertise and casual F2P audience.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ArtifexMundi
• Facebookfacebook.com/artifexmundi
• LinkedInlinkedin.com/company/artifex-mundi

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

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 Artifex Mundi