Yellow Panda Games
Yellow Panda is a Brazilian game outsourcing studio providing external development, art, engineering, porting, and XR services to game studios, publishers, brands, and education clients worldwide since 2017.
- Company typePrivate
- Founded2017
- HeadquartersBalneário Camboriú, Brazil
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Yellow Panda Games does
Yellow Panda Games (operating as Yellow Panda) is a Brazilian game outsourcing studio founded in 2017 and headquartered in Balneário Camboriú, Santa Catarina, with team presence across São Paulo and Florianópolis. The company provides external game development services across four core service areas: Game Development (full-cycle production, co-development, and expertise in Roblox, Fortnite UEFN, and Horizon Worlds), Coding and Engineering (multiplayer/networking, LiveOps, porting, QA automation, XR development for Meta Quest and Pico Neo, backend), Art Production (concept art, UI design, 2D/3D assets, animation), and Education and Training (XR safety simulations and edugames). It serves game studios, publishers, brands/marketers, and education-sector clients, with named engagements including Disney 100 Years (inclusive accessibility games), Chromatic Games (Dungeon Defenders 2 LiveOps content), Kiverse Games (Cyber Fighters and Elders of Ki), Viva Games (Mafia Paradise, winner of the STUN Game Festival 2024 award), and Legends of Learning (Magna's Magnets, Space Lab).
The underlying technology stack spans Unity, Roblox, Unreal Engine, Construct, Phaser, and WebGL/Canvas, with proprietary differentiators in cross-platform multiplayer/networking systems, LiveOps engineering, XR emerging-platform development, and a Roblox layered clothing 3D mesh deformation technique. Yellow Panda is an official FRVR porting partner (announced March 2026), enabling distribution through the FRVR ecosystem of Xiaomi Store, Samsung Store, Microsoft Store, MSN, and Facebook Instant. The business model is professional services / project-based outsourcing with custom quotes; reference pricing for educational games ranges from $4,000 (mini games) to $35,000 (big games), and advergames from $5,000 to $100,000, with managed LiveOps as a recurring engagement layer. GTM motion combines direct B2B sales, conference-led networking (Gamescom Latam, STUN, Side Quest), content marketing, and channel partnerships with publishers (Voodoo, Moonee, Kwalee, CrazyLabs, Lion Studios, YSO Corp).
The company is privately held, founder-owned, and bootstrapped under CEO Rafael Barbosa and CCO Gabriela Fratini, with no disclosed venture capital, parent company, or subsidiary structure. In November 2025 the company underwent a strategic rebrand (with new visual identity by Studio Fuups & Co) to consolidate its positioning as a Game Outsourcing Studio, and in 2024 received the Rune Grant Award for TycoonVania and the STUN Game Festival Award for Mafia Paradise.
Yellow Panda Games firmographics
Firmographics- Name
- Yellow Panda Games
- Legal name
- Yellow Panda Games
- Website
- https://yellowpanda.games
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Yellow Panda is a Brazilian game outsourcing studio providing external development, art, engineering, porting, and XR services to game studios, publishers, brands, and education clients worldwide since 2017.
- Ownership category
- akta.pro rank
Yellow Panda Games industry classification
Industry- Product category
- Game Development Services
- NAICS
- Other Computer Related Services (541519)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Mobile & F2P Game Studios (MPAFAAAB)
- akta.pro secondary industries
- Serious Games & Simulation Studios (Training, Defense, Enterprise) (MPAFAAAH), VR/AR/XR Game Studios (MPAFAAAE)
Keywords
Where Yellow Panda Games is headquartered
LocationHeadquarters
- HQ city
- Balneário Camboriú
- HQ country
- Brazil
- HQ region
- Latin America
Offices3 records
Markets served
Yellow Panda Games business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Game Development Outsourcing: Full-cycle game development and co-development services for external studios and brands. Projects range from specific task outsourcing to complete game production.
- Art Outsourcing: 2D/3D art production including concept art, UI design, character modeling, animation, and visual assets for games.
- Porting Services: Cross-platform porting services including web, mobile, and console platforms. Official FRVR porting partner for web ecosystem.
- LiveOps Services: Ongoing SDK updates and content management for released games to maintain functionality and engagement.
- Educational Games Development: Specialized educational game development for children and corporate training, with examples ranging from vocabulary apps to safety simulations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Mini Games - Small replayable games |
| Unit Pricing | Pay-as-you-go | Simple Games - More complex/story-driven |
| Unit Pricing | Pay-as-you-go | Medium Games - More depth and complexity |
| Unit Pricing | Pay-as-you-go | Big Games - High-end graphics and narrative |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Yellow Panda Games product offering
Product offeringCore offering
Yellow Panda Games is a Brazil-based external game development studio that delivers outsourced services across game production, coding & engineering, art production, education and training, and cross-platform porting. The studio provides full-cycle game development, co-development, multiplayer/networking engineering, LiveOps, QA automation, 2D/3D art production, XR (VR/MR) safety training simulations, and educational games for game studios, publishers, brands, and platforms worldwide. As an official FRVR porting partner, the studio specializes in porting games into the FRVR ecosystem spanning web, mobile, and console storefronts.
Product overview
Yellow Panda is a Game Outsourcing Studio providing external development services for games and interactive media. The company delivers work across four core service areas: Game Development (including co-development and expertise in Roblox, Fortnite, and Horizon Worlds), Coding & Engineering (multiplayer/networking, LiveOps, porting, QA automation, XR development, backend), Art Production (concept art, UI design, 2D/3D assets, animation), and Education and Training (XR safety simulations and edugames). Their project portfolio spans live service games (Dungeon Defenders 2, Cyber Fighters), educational apps (Poikilingo, Chess Masters Academy), branded experiences (Disney 100 Years, Mafia Paradise), VR safety training (NR33), and various other titles across mobile, web, console, and XR platforms. As an official FRVR porting partner, they also specialize in cross-platform porting services.
Differentiator
Problem solved
Functional benefit
Products and services
- Game Development Full-cycle game production and co-development services for game studios, publishers, and brands, including expertise in Roblox, Fortnite UEFN, and Horizon Worlds platforms. Delivers original titles and branded advergames from concept through launch.
- Coding & Engineering Technical development services for games including multiplayer and networking systems, LiveOps engineering, porting, QA automation and technical QA, tools and pipeline development, gameplay programming, performance optimization, XR/emerging platforms engineering (Meta Quest, Pico Neo), and backend development.
- Art Production Visual art production services for games including concept art, UI design, 2D/3D asset creation, character modeling, texturing, animation, and visual effects designed to deliver cohesive, optimized artwork for gameplay immersion.
- Education and Training Development of immersive VR and MR safety training simulations and interactive educational games (edugames) for children and corporate training audiences. Includes customizable training modules addressing specific industry and compliance requirements.
- Porting Services Cross-platform game porting services to expand distribution across web, mobile app stores, consoles, and other platforms. Official porting partner for FRVR, with games distributed through Xiaomi Store, Samsung Store, Microsoft Store, MSN, and Facebook Instant.
Quantifiable outcome
- Mafia Paradise won award at STUN Game Festival 2024
- +1 more outcomes
Companies that use Yellow Panda Games
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Yellow Panda Games technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Yellow Panda Games partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- FRVRcoreOfficial FRVR porting partner for web. Yellow Panda handles technical porting of games into FRVR ecosystem including platforms like Xiaomi Store, Samsung Store, Microsoft Store, MSN, and Facebook Instant. Have shipped together CyberStrike, Outposts, and Idle Hurricane.
- Legends of LearningcoreDistribution platform partnership for educational games. Yellow Panda develops and publishes games through Legends of Learning including Magna's Magnets and Space Lab.
- Kiverse GamescoreLong-term partnership for game development including original Cyber Fighters (2022) and ongoing multiplayer development for Cyber Fighters and Elders of Ki flagship game.
- Viva GamescorePartnership for Mafia Paradise casual tycoon mobile game development. Collaboration with Tania Daniela Perez de Lara Carrillo and Curro Rueda Alvarez.
- Studio Fuups & CominorBranding agency partnership for new visual identity and rebranding revealed in 2025, helping shape Yellow Panda's new phase.
- Mobile Game PublishersminorWorking relationships with multiple mobile publishers including Voodoo, Moonee, Kwalee, CrazyLabs, Lion Studios, YSO Corp for game development and publishing.
Scale indicators3 records
Recent moves7 records
Expansion highlights6 records
Yellow Panda Games competitors and assessment
Company assessmentDirect peers
- Keywords Studios: The largest pure-play B2B services provider to the video games industry, offering art, engineering, QA, localization, and player support. Like Yellow Panda, Keywords sells outsourced game development capacity to publishers and studios worldwide, but at vastly greater scale and geographic reach.
- Amber Studio: Game development and art outsourcing studio with strong Latin American presence offering co-development, art, QA, and porting services. Highly comparable to Yellow Panda in service mix and regional talent base, with similar target clients among mobile and mid-tier publishers.
- Room 8 Group: Co-development, art, and game design services provider with studios in Ukraine, Poland, and other locations. Direct competitor to Yellow Panda in mid-market game outsourcing, full-cycle development, and porting work for mobile/PC publishers.
- Virtuos: Global co-development and art production studio serving AAA and mobile publishers with offices across Asia, Europe, and the Americas. Closely comparable to Yellow Panda's full-cycle game development, art outsourcing, and co-development offerings, including emerging platform expertise.
- Splash Damage: UK-based co-development studio specializing in multiplayer games and live service support for major publishers. Directly comparable to Yellow Panda's multiplayer/networking and LiveOps engineering capabilities.
Broad incumbents
- Sumo Digital: UK-headquartered co-development and full-service game studio (now part of Tencent). Comparable in delivering co-development work alongside original IP, but at significantly larger scale and with deeper publisher relationships than Yellow Panda.
- Testronic: Long-standing QA, localization, and game testing services provider serving major publishers globally. Overlaps with Yellow Panda's QA and engineering pillars within a much broader services portfolio.
Regional players
- Aquiris: Brazilian game developer (acquired by Epic Games) with strong expertise in mobile, console, and interactive experiences. The most direct regional comparable to Yellow Panda in terms of geographic origin, talent pool access, and creative capability within the Brazilian games ecosystem.
Others
- Voodoo: Leading mobile hyper-casual publisher and Yellow Panda client. While not a direct outsourcing peer, Voodoo sits on the buyer side of the same outsourcing ecosystem and represents the type of mobile publisher whose content budgets drive demand for Yellow Panda's services.
- FRVR: Web-native game publishing platform that Yellow Panda partners with for porting and distribution. While not a services peer, FRVR is the strategic channel partner for Yellow Panda's web porting offering and a key distribution counterpart.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Yellow Panda Games social profiles
Digital presenceYellow Panda Games financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yellow Panda Games leadership team
Management profileNumber of profiles
Profiles4 records
Yellow Panda Games funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yellow Panda Games M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Yellow Panda Games
What does Yellow Panda Games do?
Yellow Panda Games is a Brazil-based external game development studio that delivers outsourced services across game production, coding & engineering, art production, education and training, and cross-platform porting. The studio provides full-cycle game development, co-development, multiplayer/networking engineering, LiveOps, QA automation, 2D/3D art production, XR (VR/MR) safety training simulations, and educational games for game studios, publishers, brands, and platforms worldwide. As an official FRVR porting partner, the studio specializes in porting games into the FRVR ecosystem spanning web, mobile, and console storefronts.
Is Yellow Panda Games a public or private company?
Yellow Panda Games is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Yellow Panda Games founded?
Yellow Panda Games was founded in 2017. It employs 11 to 50 people.
Where is Yellow Panda Games based?
Yellow Panda Games is headquartered in Balneário Camboriú, Brazil, in the Latin America region.
How does Yellow Panda Games make money?
Five revenue lines are on record. Game Development Outsourcing is the primary driver. The others are art Outsourcing, porting Services, liveOps Services and educational Games Development.
Who are Yellow Panda Games's main competitors?
Direct peers on record are Keywords Studios, Amber Studio, Room 8 Group, Virtuos and Splash Damage. Broad incumbents are Sumo Digital and Testronic. Aquiris is listed as a regional player. Others are Voodoo and FRVR.
Does Yellow Panda Games have an API?
No public API is recorded for Yellow Panda Games.
What industry is Yellow Panda Games in?
Yellow Panda Games's product category is Game Development Services. Its primary akta.pro industry code is MPAFAAAB, Mobile & F2P Game Studios, with a secondary code of MPAFAAAH, Serious Games & Simulation Studios (Training, Defense, Enterprise). Its NAICS code is 541519 and its SIC code is 7370.