Toge Productions

What Toge Productions does

Toge Productions is an Indonesian-based independent game development and publishing studio headquartered in Tangerang, with a 15-year operating history (founded 2009 as a founding team, formally established 2011). The company operates a dual business model: developing original intellectual property in-house (the Infectonator zombie-survival series, the Coffee Talk narrative sim, Rising Hell, Necronator: Dead Wrong, A Space for the Unbound, When the Past was Around, and the in-development Kriegsfront Tactics mecha tactics game) and acting as an indie publisher for Southeast Asian developers, with catalog titles including MagiCat, She and the Light Bearer, My Lovely Daughter, Rage in Peace, and Ultra Space Battle Brawl.

The technology base is conventional indie game development on pixel-art engines, with games shipped on Steam (PC/Mac), Nintendo eShop, iOS App Store, and Google Play. Distribution is self-serve / product-led through these storefronts, supplemented by merchandise via Makeship and Serenity Forge. The company generates revenue primarily through one-time perpetual game licenses priced roughly $4.99 and upward, plus publishing rev-share from third-party studios and merchandise sales.

Beyond development and publishing, Toge operates the Toge Game Fund Initiative (TGFI), a USD $10,000 no-strings-attached prototype grant for SE Asian indie developers that functions as a deal-sourcing mechanism for future publishing relationships. The company has grown inorganically via two acquisitions: Tahoe Games in March 2022 for 4 billion Rupiah (first such transaction) and Mojiken Studio in November 2023, expanding its owned-IP portfolio and regional studio footprint to include Kediri and Surabaya. Toge is private, has no parent company, and operates with a small core team while scaling through its owned subsidiaries and external publishing network.

Name

Toge Productions

Legal name

Toge Productions

Website

https://togeproductions.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Toge Productions is an Indonesian indie game developer and publisher (Tangerang, founded 2009) that develops original narrative-driven titles and publishes Southeast Asian indie games across Steam, Nintendo eShop, iOS, and Android, while funding regional developers through the TGFI prototype grant program.

Ownership category

akta.pro rank

Product category

Indie Game Development and Publishing

NAICS

Software Publishers (5132), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Regional/Local Market Publishers & Distributors (Territory Rights, Localization-led Publishing) (MPAFABAH)

Keywords

• Indie game development
• Game publishing services
• Pixel art games
• Narrative adventure games
• Indie game funding

Headquarters

HQ city

Tangerang

HQ country

Indonesia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Game Sales: Revenue generated from selling developed and published games across multiple platforms including Steam, Nintendo Switch, iOS, and Android.
2. Publishing Services: Provides funding, consultancy, marketing and PR support to indie developers in exchange for publishing rights and revenue share.
3. Toge Game Fund Initiative: Prototype fund providing up to USD$10,000 to indie developers with no strings attached - developers retain IP ownership and do not pay back funds.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

Toge Productions develops and publishes indie video games across PC, console, and mobile platforms. The studio creates original IPs (Coffee Talk, A Space for the Unbound, Infectonator series) and publishes games from other Southeast Asian indie developers, distributing titles via Steam, Nintendo eShop, iOS, and Android. The company also operates the Toge Game Fund Initiative (TGFI), providing up to USD$10,000 in prototype funding to regional indie developers.

Product overview

Toge Productions is an Indonesian-based independent game development and publishing studio founded in 2009, offering a portfolio of video games across multiple genres. The core product portfolio includes original IP titles developed in-house (Coffee Talk series, Infectonator series, Necronator series) as well as published titles from partner studios (A Space for the Unbound, When the Past was Around, MagiCat, She and the Light Bearer, Ultra Space Battle Brawl, My Lovely Daughter, Rage in Peace). The company operates both as a game developer creating its own titles and as an indie publisher supporting other Southeast Asian developers. Through the Toge Game Fund Initiative (TGFI), the company provides up to $10,000 in prototype funding to indie developers in Southeast Asia. The company has expanded through strategic acquisitions, acquiring Tahoe Games (2022) for Rising Hell IP and Mojiken Studio (2023) known for A Space for the Unbound.

Differentiator

Problem solved

Functional benefit

Products and services

• Coffee Talk A coffee brewing and heart-to-heart talking simulator where players listen to fantasy-inspired modern peoples' problems and help them by serving warm drinks.
• A Space for the Unbound
• When the Past was Around
• Necronator: Dead Wrong
• Rising Hell
• Kriegsfront Tactics
• Infectonator 3: Apocalypse
• MagiCat SNES-inspired side-scrolling platformer developed by Kucing Rembes featuring a magical cat quest through 63 levels and 64 bosses across 7 worlds.
• She and the Light Bearer
• My Lovely Daughter
• Ultra Space Battle Brawl Couch party game combining Pong and fighting games with 80s over-the-top aesthetic featuring 10 playable characters with unique Ultra skills.
• Rage in Peace
• Toge Game Fund Initiative (TGFI) Prototype funding program providing up to USD$10,000 to help indie developers and studios within Southeast Asia turn game ideas into playable MVP prototypes or vertical slices with no-strings-attached funding.

Quantifiable outcome

• Funding provided: up to $10,000 USD per project with no strings attached
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Mojiken StudiocoreStrategic or Co-development Partner · 22 November 2023Mojiken Studio, an Indonesian game developer based in Surabaya, was acquired by Toge Productions in November 2023. The acquisition follows a history of collaboration and resolves a dispute involving a previous publishing agreement with PQube Games. Mojiken Studio is known for A Space for the Unbound and is established since 2013.
• Tahoe GamescoreStrategic or Co-development Partner · 1 March 2022Tahoe Games, an indie game studio in Kediri, East Java, Indonesia, was acquired by Toge Productions for 4 billion Rupiah in March 2022. The acquisition marks Toge Productions' first acquisition of a game development firm. Tahoe Games developed Rising Hell and continues to operate under its name as a branch of Toge Productions. The acquisition aims to expand Toge's original IPs and support regional game developers.
• Mojiken StudiocoreStrategic or Co-development PartnerPrior to acquisition, Mojiken Studio was a key development partner. Toge Productions published Mojiken Studio's games including Ultra Space Battle Brawl, She and the Light Bearer, A Space for the Unbound, and When the Past was Around.
• GameChanger StudiominorStrategic or Co-development PartnerToge Productions published My Lovely Daughter, developed by GameChanger Studio from Tangerang, Indonesia.
• Rolling Glory JamminorStrategic or Co-development PartnerToge Productions published Rage in Peace, developed by Rolling Glory Jam.
• Kucing RembesminorStrategic or Co-development PartnerKucing Rembes, a solo indie developer from Surabaya, Indonesia, developed MagiCat which was published by Toge Productions as their first indie publishing title in August 2017.
• The Wild GentlemenminorStrategic or Co-development PartnerToge Productions is 'pawblishing' Moses & Plato - Last Train To Clawville, a game from The Wild Gentlemen who created the World of Wilderness universe including Chicken Police - Paint It Red!
• Serenity ForgeminorChannel Partner/ Reseller/ DistributorSerenity Forge distributes Toge Productions merchandise including t-shirts, hoodies, shaker key chains, stickers, and posters.
• MakeshipminorChannel Partner/ Reseller/ DistributorMakeship hosts pre-order campaigns for Toge Productions merchandise such as Freya plush keychains.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Devolver Digital: Independent game publisher known for premium indie titles (Hotline Miami, Fall Guys, Inscryption). Directly comparable to Toge as an indie-focused publisher with a portfolio of culturally distinctive IPs distributed across Steam and consoles.
• Raw Fury: Sweden-based indie game publisher with a similar boutique publishing model (Norco, Sable, Dome Keeper). Comparable to Toge as a regionally-rooted indie publisher working with a mix of owned and partner-developed IPs.
• Annapurna Interactive: Premium indie publisher (Stray, Outer Wilds, What Remains of Edith Finch). Closely aligned with Toge's narrative-driven, artistic indie publishing approach and multi-platform distribution strategy.
• Coffee Stain Publishing: Independent publisher (Deep Rock Galactic, Satisfactory, Valheim) known for publishing both partner and in-house developed titles. Similar hybrid developer-publisher model to Toge.
• Team17: UK-based game developer and publisher (Worms franchise, Overcooked, Blasphemous). Operates a similar hybrid model combining first-party development with third-party indie publishing, with comparable global multi-platform distribution.
• Chucklefish: Indie publisher and developer (Starbound, Wargroove) with a strong focus on supporting indie studios. Similar boutique developer-publisher hybrid model with pixel-art and narrative focus overlapping Toge's portfolio aesthetic.
• Humble Games: Indie publishing label of Humble Bundle supporting independent developers (Temtem, Wildermyth). Comparable to Toge as a multi-platform indie publisher with a developer-friendly value proposition.
• Playdigious: French indie game publisher specializing in porting and publishing premium indie titles across PC, console, and mobile. Comparable to Toge in multi-platform indie publishing focus and partnership-based model.
• PQube: UK-based publisher of Japanese and indie games (Cat Quest, Blazblue, Steins;Gate). Notably mentioned in the context of a past dispute with acquired subsidiary Mojiken Studio. Directly comparable as a publisher working with Asian-developed indie content.

Others

• Serenity Forge: Indie game publisher that doubles as a channel partner/distributor for Toge Productions merchandise (t-shirts, hoodies, stickers). Adjacent peer with overlapping audience in narrative indie games and complementary distribution role.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/togeproductions
• YouTubeyoutube.com/user/togeproductions
• Facebookfacebook.com/togeproductions
• LinkedInlinkedin.com/company/toge-productions

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toge Productions