Thunderkick
Thunderkick is an independent Stockholm-based B2B slot game studio founded in 2012 that designs, develops, and licenses 100+ proprietary video slot titles to licensed online casino operators across regulated European, North American, and Latin American markets.
- Company typePrivate
- Founded2012
- HeadquartersSweden, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Thunderkick does
Thunderkick is an independent Swedish casino game studio founded in Stockholm in 2012 that designs, develops, and licenses video slot games to licensed online casino operators in regulated markets. All production — game mathematics, art, sound, logic, and account management — is performed in-house by a team of nearly 100 employees, with no outsourcing, which the company positions as a core differentiator against AI- and outsource-dependent competitors. The portfolio spans 100+ games built on proprietary mechanics including Avalanche cascades, Cluster Pays, Occurrence Pay, Walking Wilds, Exploding Wilds, and tiered multiplier systems, organised around franchise IPs such as Esqueleto Explosivo, Midas Golden Touch, Pink Elephants, The Wildos, Beat the Beast, and Carnival Queen. In September 2025 the studio extended beyond slots with Heads Will Roll, a crash/arcade game with dice mechanics.
The business operates as a B2B supplier: operators integrate Thunderkick's games into their casino platforms and pay licensing fees or revenue share, distributed through direct enterprise partnerships (DAZN Bet, Bally's, Entain, Veikkaus, PointsBet, Rushbet, JACKS.NL) and aggregator channels (Bragg, EveryMatrix, Elantil). The studio is licensed by the UK Gambling Commission, Malta Gaming Authority, Swedish Spelinspektionen, Ontario AGCO, and the Danish Gambling Authority (through 2029), and serves operators in nine jurisdictions including the UK, Italy, Sweden, Finland, Denmark, Netherlands, Romania, Spain, Ontario, and Colombia, with Italy and the UK identified as the most strategically important markets. Thunderkick AB and Thunderkick Malta Ltd are privately held, wholly owned by founders and management, and have never taken external investment, funding growth entirely from operating cash flow since incorporation.
Thunderkick firmographics
Firmographics- Name
- Thunderkick
- Legal name
- Thunderkick AB
- Website
- https://thunderkick.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Thunderkick is an independent Stockholm-based B2B slot game studio founded in 2012 that designs, develops, and licenses 100+ proprietary video slot titles to licensed online casino operators across regulated European, North American, and Latin American markets.
- Ownership category
- akta.pro rank
Thunderkick industry classification
Industry- Product category
- Online Slot Games (iGaming)
- NAICS
- Other Gambling Industries (71329)
- akta.pro primary industry
- Online Casino Studios & Game Publishers (Slots, RNG, Live Dealer) (MPAEABAJ)
Keywords
Where Thunderkick is headquartered
LocationHeadquarters
- HQ city
- Sweden
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Thunderkick business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- B2B Game Licensing: Thunderkick develops slot games and licenses them to online casino operators. Operators integrate Thunderkick's games into their platforms, paying licensing fees or revenue share arrangements. The company operates as a B2B supplier to regulated gambling operators globally.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Thunderkick product offering
Product offeringCore offering
Thunderkick is an independent iGaming studio that designs, develops, and licenses video slot games and remote gaming server technology to licensed online casino operators. All production — mathematics, art, sound, game logic, and engineering — is done in-house in Stockholm. The studio supplies a catalogue of 100+ distinct slot titles and franchise brands, plus a debut crash game, to operators across regulated markets worldwide.
Product overview
Thunderkick is an independent video slot game studio founded in Stockholm in 2012, producing over 100 games. The company operates as a unified studio with all production (game design, art, sound, mathematics, logic) done in-house. The core product portfolio centers on video slots featuring distinctive themes, bold art styles, and innovative mechanics including cluster pays, avalanche features, walking wilds, and expanding reels. Thunderkick has developed several established franchises including the Esqueleto Explosivo series (Day of the Dead mariachi skeletons), Midas Golden Touch series (King Midas legend), Pink Elephants series (psychedelic jungle), The Wildos series (Old Western outlaws), Beat the Beast series (mythological creatures), and Carnival Queen series. In 2025, the company expanded into new product verticals with the launch of Heads Will Roll, its debut crash game combining arcade and dice mechanics. Games are distributed through commercial partnerships with operators and aggregators across regulated markets including the UK, Malta, Italy, Netherlands, Sweden, Finland, Denmark, Romania, Spain, Colombia, and Ontario, Canada.
Differentiator
Problem solved
Functional benefit
Products and services
- Heads Will Roll Crash-style game with die-based multiplier ladder set in an underground vault; supplied to online casino operators for player engagement.
- 3 Wildos Old Western-themed slot sequel expanding the Wildos franchise with up to 10,000x win potential for licensed casino operators.
- Midas Golden Touch 3 Greek mythology-themed slot continuing the King Midas franchise; offers licensed casino operators high-volatility gameplay with bonus mechanics.
- The Wildos 2 Western outlaws-themed slot sequel with tiered wild multipliers and bounty mechanics; supplied to online casino operators.
- Pink Elephants Trinity Pink Elephants franchise sequel with psychedelic jungle theme and peanut-powered mechanics; sold to regulated operators.
- Carnival Queen 2 Carnival-themed slot sequel with expanding reels and avalanche mechanics; licensed to online casino operators.
- Archie O'Loggins and the Enchanted Masks
Quantifiable outcome
- 100+ games released since 2012
- +1 more outcomes
Companies that use Thunderkick
Customer profileNamed customers15 records
Segments1 record
Ideal customer profiles2 records
Thunderkick technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Thunderkick partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core, major and minor.
- DAZN Bet ItalycoreThunderkick partnered with DAZN Bet Italy to expand reach in Italy, one of Thunderkick's most important markets. Initial integration includes 20 Thunderkick titles including Esqueleto Explosivo 2, Esqueleto Explosivo 3, and Midas Golden Touch 3. DAZN Bet forms part of DAZN Group, the global sports entertainment platform.
- Bally's InternationalcorePartnership to strengthen Thunderkick's UK presence. Bally's is a major international casino operator.
- EntaincorePartnership to significantly strengthen Thunderkick's position in Italy through the rollout of content with Entain, a major global betting and gaming operator.
- PointsBet (Ontario)coreThunderkick took significant step in strengthening North American market position through Ontario market entry with PointsBet.
- 777.esmajorDeepened existing collaboration with prominent European operator 777, extending reach in Spain.
- Betty (Ontario)coreOntario-based operator partnership to supply rapidly growing online casino with diverse collection of titles. Betty is official partner of Toronto Maple Leafs and Toronto Raptors.
- E-Play24majorPartnership with leading Italian operator E-Play24 to further strengthen Thunderkick's position in Italy.
- MaxBetmajorExtended reach in Romania through partnership with leading operator MaxBet.
- Elantil MarketplaceminorThunderkick content integrated into Elantil Marketplace, made available to Elantil's operator network.
- VeikkauscoreFinnish market entry through state-owned gambling company Veikkaus. Partnership facilitated by EveryMatrix aggregator. Games including Esqueleto Explosivo 2, Hot Potato, and Midas Golden Touch made available to Finnish players.
- DomusbetmajorPartnership with Italian operator Domusbet extending reach in European market. Thunderkick committed to market penetration with dedicated native Italian account manager.
- JACKS.NLmajorDeal with JACKS.NL (JVH Gaming & Entertainment Group) to provide popular titles including Esqueleto Explosivo 3 and The Wildos 2. JACKS.NL operates 86 land-based casinos in Netherlands.
- Rushbet (Rush Street Interactive)majorPartnership with Rush Street Interactive's Rushbet brand for Latin American expansion in Colombia. One of Colombia's top online casinos and sportsbooks.
- NetwinmajorContent launch with leading Italian operator Netwin to enhance Thunderkick's standing in Italy. Netwin has diversified content for over a decade.
- 711.nlminorNetherlands expansion through aggregator Bragg. 711.nl is a Dutch online casino brand.
- Danish Gambling AuthoritycoreObtained Danish supplier licence extending Danish content provision to 2029.
- CasinoManiamajorPartnership for Italian market expansion targeting commercial opportunities in Italian slots market.
Scale indicators5 records
Recent moves16 records
Expansion highlights6 records
Thunderkick competitors and assessment
Company assessmentDirect peers
- Play'n GO: Swedish-founded independent slot studio with similar size and B2B licensing model to online casino operators globally. Closely comparable as both compete for the same operator shelf space with premium slot content.
- Yggdrasil Gaming: iGaming content publisher producing video slots for online casino operators with proprietary mechanics (GEMs, Splitz). Direct competitor in the B2B slot supply market with similar operator-driven GTM motion.
- ELK Studios: Stockholm-based independent slot studio producing premium slot content for regulated online casino operators. Highly comparable as a Nordic-headquartered peer of similar scale competing in the same content category.
- Push Gaming: Independent B2B slot game developer focused on premium mobile-first slot content for online casino operators. Comparable as a similarly sized independent studio with a portfolio of original IP.
- Nolimit City: Stockholm-based slot studio producing high-volatility slot content with proprietary mechanics (xMechanics). Direct competitor serving the same operator customer base with similar product positioning.
- Hacksaw Gaming: iGaming content studio producing slots, scratch cards, instant win, and crash-style games. Closely comparable as both have expanded from slots into crash/instant-win verticals and target online casino operators.
- Big Time Gaming: Slot studio and originator of the Megaways mechanic, now part of Evolution. Direct competitor in premium slot content licensing to operators with similar mechanic-driven product philosophy.
- Quickspin: Stockholm-based slot studio (acquired by Playtech) producing premium slot games for online casino operators. Highly comparable Nordic peer competing in the same premium slot segment.
Broad incumbents
- Pragmatic Play: One of the largest multi-vertical iGaming content providers with slots, live casino, bingo, and crash games. Wider portfolio and larger scale, but directly overlaps Thunderkick in slot content supply to operators.
- Evolution (NetEnt): Dominant iGaming content group including NetEnt, Red Tiger, and Big Time Gaming. Direct overlap in slot content supply though operating at substantially larger scale across multiple verticals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Thunderkick social profiles
Digital presenceThunderkick compliance and trust
Trust signalCompliance5 records
Thunderkick financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thunderkick leadership team
Management profileNumber of profiles
Profiles10 records
Thunderkick subsidiaries and ownership
Company hierarchySubsidiaries1 record
Thunderkick funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thunderkick 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 Thunderkick
What does Thunderkick do?
Thunderkick is an independent iGaming studio that designs, develops, and licenses video slot games and remote gaming server technology to licensed online casino operators. All production — mathematics, art, sound, game logic, and engineering — is done in-house in Stockholm. The studio supplies a catalogue of 100+ distinct slot titles and franchise brands, plus a debut crash game, to operators across regulated markets worldwide.
Is Thunderkick a public or private company?
Thunderkick is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Thunderkick founded?
Thunderkick was founded in 2012. It employs 11 to 50 people.
Where is Thunderkick based?
Thunderkick is headquartered in Sweden, United States, in the North America region.
How does Thunderkick make money?
One revenue line is on record: B2B Game Licensing.
Who are Thunderkick's main competitors?
Direct peers on record are Play'n GO, Yggdrasil Gaming, ELK Studios, Push Gaming, Nolimit City, Hacksaw Gaming, Big Time Gaming and Quickspin. Broad incumbents are Pragmatic Play and Evolution (NetEnt).
Does Thunderkick have an API?
No public API is recorded for Thunderkick.
What industry is Thunderkick in?
Thunderkick's product category is Online Slot Games (iGaming). Its primary akta.pro industry code is MPAEABAJ, Online Casino Studios & Game Publishers (Slots, RNG, Live Dealer). Its NAICS code is 71329.