All in Games

What All in Games does

All in! Games S.A. is a Polish video game publisher and creative HUB headquartered in Kraków, founded in 2018 and listed on the main market of the Warsaw Stock Exchange under ticker AIG. The company operates in the AA+ and Indie Premium segments, publishing both internally and externally developed games across PC platforms (Steam, GOG, Epic Games Store), PlayStation, Xbox, and Nintendo Switch. Its catalog includes the survival horror RPG Chernobylite (developed by The Farm 51), the physics-based tactical game Fort Triumph (CookieByte Entertainment), the meditative space title EXO ONE, the narrative adventures Backfirewall_ and Paradise Lost, the warplane shooter Red Wings: American Aces, and the slasher-platformer Phantom Hellcat. The group employs 51-100 people organized around three wholly-owned development subsidiaries—Ironbird Creations, Taming Chaos S.A. (established August 2022), and Happy Little Moments—that sit alongside external developer partnerships.

Revenue is generated primarily through one-time/perpetual game license sales across digital storefronts, supplemented by physical edition licensing via Perp Games and Limited Run Games (including a three-year exclusive Limited Run deal for the EXO ONE PS5 physical edition), a cloud gaming distribution agreement with Shanghai Holyblade Network Technology covering China, and one-time IP settlements—most notably the April 2022 transfer of the Ghostrunner IP to 505 Games for over €1.5 million in two installments. The company also supplements publishing operations with shareholder capital raises (Series J shares issued in November 2023 raised PLN 4,348,000.80), event-driven marketing (Gamescom, PC Gaming Show, EGX, DreamHack Beyond, AdventureX, The Mix Next), and a direct-to-consumer promotional storefront called All in! Deals. End customers are individual PC and console gamers in Europe, North America, and Asia, with global distribution processed through Xsolla and platform-native stores.

The publisher applies a tiered project approval process with player testing through an internal Game Research department and offers developers marketing support, event showcases, and global distribution reach. Several external publishing agreements have been terminated since 2022 (Polyamorous for Paradise Lost, Tmesis Studio for Universe For Sale, and One More Level's CyberSlash project), with the company explicitly reallocating resources toward its internal studios. Quality of execution is supported by Chernobylite's 2021 Best of Steam Platinum for best Early Access transition and its IndieDB Indie of the Year recognition, alongside strong commercial signals—Ghostrunner reached profitability on day one and surpassed 1.6 million copies with 92% positive Steam reviews, while Chernobylite exceeded 200,000 copies from Early Access through full release.

Name

All in Games

Legal name

ALL IN! GAMES S.A.

Website

https://allingames.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

All in! Games S.A. is a publicly traded Polish video game publisher (Warsaw Stock Exchange: AIG) headquartered in Kraków, publishing and developing AA+ and indie premium games across PC and console platforms through three wholly-owned studios and external developer partnerships.

Ownership category

akta.pro rank

Product category

Video Game Publishing

NAICS

Software Publishers (5132)

SIC

Miscellaneous Publishing (2741), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

AAA & Premium Game Studios (PC/Console) (MPAFAAAA)

Keywords

• Video game publishing
• Indie game distribution
• Console game development
• Multi-platform game publisher
• Video game investment

Headquarters

HQ city

Kraków

HQ country

Poland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Game Publishing: All in! Games publishes video games developed by internal studios (Ironbird Creations, Taming Chaos, Happy Little Moments) and external developers. Revenue comes from game sales across multiple platforms.
2. Physical Edition Licensing: Licensing deals for physical/boxed editions of games through partners like Perp Games and Limited Run Games. Limited Run Games contract for Exo One PS5 physical edition is a 3-year exclusive deal.
3. Cloud Gaming Platform Licensing: Licensing games to cloud gaming platforms for distribution in new markets. Shanghai Holyblade Network Technology deal for Fort Triumph and Red Wings: Aces of the Sky on Chinese cloud gaming platform.
4. IP Transfer and Settlement: One-time payments from IP transfers such as Ghostrunner rights transfer to 505 Games for over 1.5 million euros in two installments.

Pricing tiers

Go-to-market motion3 records

Distribution channels10 records

Marketing channels7 records

Core offering

All in! Games is a video game publisher operating primarily in the AA+ and Indie Premium segments, publishing titles developed both internally (via subsidiaries Ironbird Creations, Taming Chaos, and Happy Little Moments) and externally (The Farm 51, CookieByte Entertainment, Naraven Games, Dreamplant Studio, ARP Games, 2BIGo) across PC (Steam, GOG, Epic Games Store) and console (PlayStation, Xbox, Nintendo Switch) platforms. The company combines game publishing, distribution, marketing, and financial investment in production, with additional revenue from physical-edition licensing, cloud-gaming distribution, and IP transfers.

Product overview

All in! Games is a publicly traded Polish video game publisher headquartered in Kraków, founded in 2018, operating as a creative HUB with three in-house development studios: Ironbird Creations, Taming Chaos, and Happy Little Moments. The company publishes a diverse portfolio of games spanning genres from science-fiction survival horror (Chernobylite), narrative adventure (Paradise Lost, Backfirewall_), tactical strategy (Fort Triumph), meditative space exploration (EXO ONE), action platforming (Phantom Hellcat), party co-op (Tools Up!, Lumberhill), and arcade shooters (Red Wings: American Aces), alongside titles like Arboria and Of Bird and Cage. Products are distributed digitally on Steam, GOG, Epic Games Store, PlayStation, Xbox, and Nintendo Switch, with physical editions handled through partners. The company also operates All in! Deals, a promotional bundle and discount platform for its game catalog.

Differentiator

Problem solved

Functional benefit

Brands

• All in! Deals: Promotional platform for game deals and bundles across multiple platforms

Products and services

• Chernobylite A science-fiction survival horror RPG set in a hyper-realistic 3D-scanned recreation of the Chernobyl Exclusion Zone. Players take on the role of Igor, a former physicist returning to the Zone to investigate the fate of his missing beloved while facing paranormal creatures and dangerous environments.
• Backfirewall_ A first-person tragicomic narrative adventure played inside a smartphone, where players take the role of an update assistant who must solve puzzles to counter a new operating system update and save the old OS from being wiped.
• Phantom Hellcat A dynamic slasher-platformer set in a theatrical environment where a teenage protagonist, Jolene, must save her demon-kidnapped mother; features visceral combat, upgradeable magical masks, and 3D/2D perspective-shifting platforming.
• EXO ONE A meditative interplanetary journey game where players pilot an alien craft across space and time, navigating enigmatic otherworldly landscapes by controlling gravity through gliding, flying, and rolling.
• Fort Triumph A humorous tactical turn-based game combining the combat of XCOM with the world exploration of Heroes of Might and Magic, featuring physics-based combat, procedurally generated maps, cross-class hero skills, and resource management.
• Paradise Lost A narrative adventure game set in an alternate-history post-apocalyptic Poland where a 12-year-old boy discovers a massive Nazi bunker, blending retrofuturistic technology with Slavic pagan imagery.
• Tools Up! A local co-op renovation party game where teams of up to 4 players read blueprints, paint walls, move furniture, and complete renovation tasks against the clock.
• Red Wings: American Aces A warplane arcade shooter with online and local multiplayer modes set in vibrant comic book-style skies, featuring a 30-mission campaign, 15 different warplanes with unique skins, and PvP and co-op game modes.
• Lumberhill A crazy multiplayer party game where lumberjacks attempt to complete tasks while nature and animals constantly interfere, creating chaotic cooperative and competitive gameplay.
• Arboria A third-person roguelite action RPG set in dark fantasy where players descend into procedurally generated dungeons as the warrior Yotun, using symbiotic weapons and biomutations to restore the Father Tree.
• Of Bird and Cage A metal album presented through a video game, blending music and interactive narrative by Capricia Productions.
• All in! Deals A promotional platform operated by All in! Games that aggregates current sales, bundles, and discounts across PC and console platforms for all titles in the company's portfolio.

Quantifiable outcome

• Ghostrunner achieved profitability within first day of launch and sold over 1.6 million copies
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered minor, moderate and core.

• Krakowski Park Technologiczny (Krakow Technology Park)minorStrategic or Co-development Partner · 30 June 2022All in! Games signed a cooperation agreement to serve as mentor and business partner in an acceleration program. Cooperation lasts until end of October 2023. All in! Games is responsible for selecting companies entering the program and may collaborate with selected teams after the acceleration period.
• PC Gaming ShowmoderateGTM or Marketing Partner · 12 June 2022All in! Games appeared as a partner at PC Gaming Show 2022, an electronic event featuring exclusive announcements, new game footage, and developer interviews. The event reached over 36 million viewers.
• Limited Run GamesminorChannel Partner/ Reseller/ Distributor · 7 March 2022Contract for physical boxed edition of Exo One on PlayStation 5. The 3-year exclusive agreement provides All in! Games with percentage of revenue from sales.
• Shanghai Holyblade Network Technology Co. Ltd.minorChannel Partner/ Reseller/ Distributor · 2 March 2022Licensing agreement for cloud gaming distribution of Fort Triumph and Red Wings: Aces of the Sky in China. The platform is integrated with Chinese telecom providers who make the content available to their customers. Agreement allows for expansion to additional games from All in! Games portfolio for additional compensation.
• Perp GamesminorChannel Partner/ Reseller/ Distributor · 23 June 2021Partnership for physical console edition of Chernobylite on PlayStation 4. Perp Games handles physical distribution and retail presence for the console version.
• XsollacoreChannel Partner/ Reseller/ DistributorXsolla is an authorized global distributor for multiple All in! Games titles including Fort Triumph, Chernobylite, Tools Up!, and Red Wings: American Aces. Handles payment processing and distribution across platforms.
• ARP GamesminorStrategic or Co-development PartnerPoland's only video game accelerator responsible for Lumberhill. All in! Games signed a letter of intent for collaboration. ARP Games supports promising projects in Poland, helps secure funding and find appropriate publishers.
• One More LevelminorStrategic or Co-development PartnerDevelopment partner for Ghostrunner which sold over 1.6 million copies. Partnership ended in 2022 as All in! Games focused on internal studio development.
• 505 GamesmoderateChannel Partner/ Reseller/ DistributorGlobal publisher for Ghostrunner. Under a trilateral agreement, All in! Games transferred Ghostrunner IP to 505 Games for exclusive ownership. Settlement of over 1.5 million euros in two installments.
• CookieByte EntertainmentminorStrategic or Co-development PartnerDeveloper of Fort Triumph - a tactical turn-based game combining XCOM combat with HOMM exploration. All in! Games publishes the game across all platforms.
• The Farm 51coreStrategic or Co-development PartnerPolish game developer known for Get Even, World War 3, Chernobyl VR, and Chernobylite. Developer with over 100 employees. All in! Games publishes Chernobylite on consoles and co-publishes on PC.
• Naraven GamesmoderateStrategic or Co-development PartnerWomen-led development team from Lausanne, Switzerland. Created Backfirewall_, their first game published by All in! Games on PC and consoles. Inspired by Toy Story narrative approach.
• Dreamplant StudiominorStrategic or Co-development PartnerPolish independent developer of Arboria, a third-person roguelite action RPG. All in! Games published the game which exited Early Access on Steam in September 2021.
• Future Friends GamesminorChannel Partner/ Reseller/ DistributorPublisher founded in 2017 to help indie games gain recognition. Founded by Jay Weston who created Exo One. Co-publishing Exo One on PlayStation with All in! Games.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Devolver Digital: Publicly listed indie and AA game publisher with a portfolio model closely analogous to All in! Games — multi-platform publishing across PC and consoles with selective internal development. Most directly comparable peer given similar size, public-market status, and publishing-led strategy.
• Team17: UK-listed indie game publisher and developer with a multi-platform catalog spanning genres comparable to All in! Games' portfolio (party games, strategy, action). Comparable business model combining owned IP (Worms) with third-party publishing.
• 11 bit studios: Polish listed game developer/publisher with both premium titles (Frostpunk, This War of Mine) and a publishing arm — a direct geographic and model comparator for All in! Games, sharing the WSE listing and Warsaw-Poland base.
• PlayWay: Warsaw-listed Polish publisher that aggregates large portfolios of small and mid-tier indie games, with both publishing and internal development arms. Closest domestic competitor to All in! Games in terms of model and capital-market venue.
• tinyBuild: US-based indie publisher with a portfolio model across PC and consoles, mixing internal studios (Hello Neighbor) with external signings — directly comparable to All in! Games' multi-genre, multi-platform publishing approach.
• 505 Games: Italian-headquartered mid-tier publisher that owns Ghostrunner IP after the 2022 transfer from All in! Games. Comparable publisher of premium AA titles across PC and consoles with similar genre breadth.
• Coffee Stain Publishing: Swedish publisher (part of Coffee Stain Studios/Embracer) supporting indie and AA developers on PC/console — directly comparable sign-and-fund model to All in! Games' external publishing arm.
• Merge Games: UK indie publisher with multi-platform releases on PlayStation, Xbox, Nintendo Switch, and PC plus physical distribution. Mirrors All in! Games' portfolio breadth and physical-edition channel partnerships.

Broad incumbents

• Nacon: Publishing arm of Bigben Interactive, focused on AA gaming across PC and consoles with a wider parent portfolio. Broader incumbent with overlapping genres (racing, simulation, action) relevant to All in! Games' strategy and tactical titles.

Emerging players

• Raw Fury: Stockholm-based boutique indie publisher focused on premium PC and console titles with a curator-style approach. Overlaps with All in! Games in narrative, strategy, and atmospheric indie games.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/AllinGamesPub
• Facebookfacebook.com/allingamespub
• LinkedInlinkedin.com/company/all-in-games

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 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 All in Games