Red Square Games S.A.
Red Square Games S.A. is a Polish, NewConnect-listed independent game studio developing proprietary video games (SlavicPunk: Oldtimer, Sancticide, Twilight Imperium Digital), third-party game commissions, porting services, and a board game/RPG publishing catalog for PC, console, and tabletop gaming consumers.
- Company typePublic
- Founded2020
- HeadquartersKraków, Poland
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Red Square Games S.A. does
Red Square Games S.A. is a Kraków-based, publicly listed Polish independent game development studio operating across four business pillars: proprietary video game development, third-party commissioned video game production, video game porting services, and board game/RPG publishing and distribution. Founded in December 2020 by developers and investors with prior experience at CD Projekt, CI Games, and Flying Wild Hog, the company went public on the Warsaw Stock Exchange's NewConnect alternative market on November 14, 2023 (ticker RSG, ISIN: PLRDSGM00018), with a registered share capital of 132,800 PLN. Its three organizational units — video game developers, board game/RPG developers, and a porting team — serve end-consumers and licensing partners primarily in Europe with selected international distribution via Smilegate Holdings (Korea), and B2B licensing relationships with major publishers including Ubisoft (Polish Rayman The Board Game) and Asmodee (board game distribution).
The company's product portfolio centers on three flagship video game franchises and a growing tabletop line. The flagship video games are SlavicPunk: Oldtimer, an isometric cyberpunk-noir shooter released on PC in June 2023 with planned/launched console ports; Sancticide, a melee combat action title with rogue-lite and directional combat mechanics currently in development; and Twilight Imperium Digital, a digital adaptation of the 4th-edition Twilight Imperium board game launched in September 2025 with 17 factions, asymmetric gameplay, and multiplayer modes. The board game and RPG catalog includes the Polish and English versions of the SibirPunk RPG system, localized editions of Quartermaster General WW2 and its expansions (Total War and Preludium), plus original titles Knarr, Kunszt, and Orbita, alongside licensed products such as Rayman The Board Game (Polish version via Ubisoft) and localized board games published with partners like Windmill Valley Publisher. The underlying technology is described as proprietary game-engine work with capabilities spanning isometric 2D/3D shooters, melee combat systems, digital adaptation of complex rule systems, and tabletop-to-digital productization.
The revenue model mixes one-time perpetual licensing of proprietary video games on Steam, GOG, Epic Games Store, and consoles with professional services income from commissioned video game development and porting contracts, plus direct-to-consumer retail via the company's e-commerce storefront at redsquare.games/sklep (board game unit pricing 49–430 PLN). Distribution combines digital marketplaces (Steam, GOG, Epic, STOVE Indie, Xbox, PlayStation), the company's own D2C storefront, and B2B partnerships for physical board game retail. Pricing for video games is platform-and-region-dependent; board games are sold both as units and in bundles. Target customers are individual PC, console, and tabletop gaming consumers — primarily in Poland with international reach via digital platforms and licensed partners — supplemented by publishing/licensing counterparties seeking access to Slavic-themed content and experienced game development capacity.
Red Square Games S.A. firmographics
Firmographics- Name
- Red Square Games S.A.
- Legal name
- Red Square Games Spółka Akcyjna
- Website
- https://redsquare.games
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Red Square Games S.A. is a Polish, NewConnect-listed independent game studio developing proprietary video games (SlavicPunk: Oldtimer, Sancticide, Twilight Imperium Digital), third-party game commissions, porting services, and a board game/RPG publishing catalog for PC, console, and tabletop gaming consumers.
- Ownership category
- akta.pro rank
Red Square Games S.A. industry classification
Industry- Product category
- Video Game Development
- NAICS
- Hobby, Toy, and Game Retailers (45912), Doll, Toy, and Game Manufacturing (339930), Software Publishers (5132)
- SIC
- Retail-Hobby, Toy & Game Shops (5945), Games, Toys & Children's Vehicles (No Dolls & Bicycles) (3944)
- akta.pro primary industry
- Regional/Local Market Publishers & Distributors (Territory Rights, Localization-led Publishing) (MPAFABAH)
- akta.pro secondary industries
- Mobile Game Publishing & App Game Stores (BPAMAKAB), Wargames & Historical Board Games Retail (CRALALAD), Hobby Games & Miniatures Retail (Tabletop RPGs, Wargaming) (CRALAFAH)
Keywords
Where Red Square Games S.A. is headquartered
LocationHeadquarters
- HQ city
- Kraków
- HQ country
- Poland
- HQ region
- Europe
Offices1 record
Markets served
Red Square Games S.A. business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Own Video Game Production: Development and sale of proprietary video game titles including SlavicPunk: Oldtimer, Sancticide, and Twilight Imperium Digital. Revenue generated through direct digital sales on platforms like Steam, GOG, Epic Games Store, and console distribution.
- Video Game Commission Production: Production of video games on commission for third parties.
- Video Game Porting: Porting services for video games to different platforms.
- Board Games and RPGs: Development, localization, and distribution of tabletop games and role-playing games. Revenue generated through direct sales via company's e-commerce store and through distribution partnerships.
- E-commerce Retail: Direct-to-consumer sales of board games and related products through the company's own online store at redsquare.games/sklep. Payment methods include cash on delivery and bank transfer.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Board games sold via e-commerce with pricing ranging from 49 PLN to 430 PLN per product |
| One time/ perpetual license | Pay-as-you-go | SlavicPunk: Oldtimer sold on PC platforms (Steam, GOG, Epic Games Store) |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels5 records
Red Square Games S.A. product offering
Product offeringCore offering
Red Square Games S.A. is an independent Polish game development studio that develops and publishes its own video games (SlavicPunk: Oldtimer, Sancticide, Twilight Imperium Digital), produces board games and tabletop RPGs (SibirPunk RPG, Quartermaster General WW2 series, Knarr, Kunszt, Orbita), and provides video game porting and commission development services to third parties. The company sells directly to consumers via major digital storefronts (Steam, GOG, Epic Games Store) and its own online store.
Differentiator
Problem solved
Functional benefit
Products and services
- SlavicPunk: Oldtimer Isometric shooter video game based on Michał Gołkowski's creative work, featuring responsive combat and movement systems, modular weapon upgrades, stealth and hacking mechanics, environmental puzzles, and a Slavic cyberpunk-noir atmosphere blending high-tech with post-communist brutalist architecture. Sold to PC and console gamers on Steam, GOG, Epic Games Store, and planned next-gen consoles.
- Sancticide Melee combat action third-person game with rogue-lite elements set in a biblical Apocalypse world. Features spatial orientation-based directional combat, organic combo system, diverse weapons including melee, ranged, and supernatural powers called 'Purpura', and a kosher system affecting gameplay and progression.
- Twilight Imperium Digital Digital adaptation of the legendary Twilight Imperium board game featuring 17 unique factions with asymmetric abilities, dynamically generated galaxy maps, full 4th edition rules implementation including trade, game phases, and components, multiplayer modes (synchronous and asynchronous), real-time and turn-based play options, interactive tutorials, and animated tactical 3D battles.
- SibirPunk RPG Tabletop role-playing game (RPG) produced in both Polish and English language versions, part of the studio's own board game and RPG portfolio.
- Quartermaster General WW2 (Polish Edition) Polish edition of the strategic World War 2 board game, sold via the company's e-commerce store at 280 PLN per unit.
- Quartermaster General WW2 – Wojna Totalna (Total War) Expansion board game for the Quartermaster General WW2 series, sold via the company's e-commerce store at 160 PLN per unit.
- Quartermaster General WW2 – Preludium
Quantifiable outcome
- Company listed on NewConnect stock exchange since November 2023
- +1 more outcomes
Companies that use Red Square Games S.A.
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Red Square Games S.A. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Red Square Games S.A. partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Ubisoft Entertainment SAcoreExclusive distribution agreement for the Polish version of Rayman The Board Game, a board game adaptation based on Ubisoft's iconic video game franchise. This represents a major licensing partnership for mainstream gaming IP.
- Licensor for Twilight ImperiumcoreLicensing partnership for Twilight Imperium Digital - the digital adaptation of the legendary board game. The company revealed the brand and launched marketing campaign for this title.
- Windmill Valley PublisherminorAgreement for Polish localization and distribution of the Windmill Valley board game. Multiple similar localization and distribution agreements were signed with various board game publishers.
- Michał GołkowskicoreLicensing agreement with Michał Gołkowski, the acclaimed Polish science-fiction and fantasy author who created the Yanus character and SlavicPunk universe. His creative work forms the narrative foundation for SlavicPunk: Oldtimer.
- AsmodeecoreLicensing agreement with Asmodee, a major international board game publisher. Asmodee distributes board games globally through its network of subsidiaries and partners.
- Publishing Agreement (unspecified partner)minorPublishing agreement for SlavicPunk: Oldtimer mentioned in company reports. Details of the publishing partner not specified in available sources.
- Distribution Agreement (unspecified partner)minorAdditional distribution agreement for SlavicPunk: Oldtimer mentioned in company reports. Details of the partner not specified in available sources.
- Epic GamescoreDistribution partnership for SlavicPunk: Oldtimer via Epic Games Store platform. Enables PC game sales through Epic's digital distribution platform alongside Steam and GOG.
- Smilegate Holdings Inc.coreDistribution agreement for SlavicPunk: Oldtimer game. Smilegate Holdings is a major Korean gaming company known for Crossfire. This partnership enabled distribution of the SlavicPunk title in key Asian markets.
- Blue Oak Advisory Sp. z o.o.coreAuthorized advisor (Autoryzowany Doradca) for Red Square Games S.A. Located at ul. Nyska 87/51, 50-505 Wrocław. Provides financial advisory services including phone (+48) 71 307 36 24 and email [email protected].
Scale indicators4 records
Recent moves8 records
Expansion highlights6 records
Red Square Games S.A. competitors and assessment
Company assessmentDirect peers
- All in! Games: Polish video game publisher with a portfolio of indie titles distributed across PC and console platforms. Highly comparable in size, business model, and Polish/WSE market positioning to Red Square Games.
- Dire Wolf Digital: Digital board and card game adaptation studio (Root Digital, Sagrada Digital, Eternal Card Game). Directly comparable for the Twilight Imperium Digital adaptation work and digital board game publishing model.
- Portal Games: Board game publisher (Detective, Scythe) with Polish origins and operations. Comparable for board game design, publishing, and the multi-territory distribution model that Red Square Games pursues for tabletop titles.
- 11 bit studios: Polish indie game developer and publisher (Frostpunk, This War of Mine) listed on the Warsaw Stock Exchange. Operates a similar Polish-rooted indie publishing model with a strong thematic content library and multi-platform distribution strategy.
- Asmodee Digital: Digital arm of Asmodee that publishes digital adaptations of board games (Catan, Ticket to Ride, Gloomhaven). Direct comparable for digital board game adaptations and an existing partner/licensor of Red Square Games.
- Rebel: Polish board game publisher and distributor offering Polish-localized editions of popular board games. Direct comparable for the board game localization and Polish-market distribution role that defines a major part of Red Square Games' business.
- PlayWay: Polish indie game publisher listed on the Warsaw Stock Exchange, known for publishing numerous small-to-mid-budget indie titles. Comparable in WSE-listed Polish indie publishing orientation and multi-title portfolio approach.
Broad incumbents
- Flying Wild Hog: Polish video game developer (Shadow Warrior series). A larger Polish studio that has served as a talent source for Red Square Games' team, sharing a similar Warsaw/Poland ecosystem and AA-to-indie game development heritage.
- CD Projekt: Polish video game developer and publisher behind The Witcher and Cyberpunk 2077 franchises. Much larger incumbent but shares Polish origin, WSE main-market listing, and is explicitly cited as a team alumni source for Red Square Games.
- CI Games: Polish video game developer and publisher (Sniper Ghost Warrior, Lords of the Fallen). Larger and more established than Red Square Games but shares Polish origin, WSE listing, and is named as a source of team talent for the studio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Red Square Games S.A. social profiles
Digital presenceRed Square Games S.A. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Red Square Games S.A. leadership team
Management profileNumber of profiles
Profiles1 record
Red Square Games S.A. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Red Square Games S.A. 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 Red Square Games S.A.
What does Red Square Games S.A. do?
Red Square Games S.A. is an independent Polish game development studio that develops and publishes its own video games (SlavicPunk: Oldtimer, Sancticide, Twilight Imperium Digital), produces board games and tabletop RPGs (SibirPunk RPG, Quartermaster General WW2 series, Knarr, Kunszt, Orbita), and provides video game porting and commission development services to third parties. The company sells directly to consumers via major digital storefronts (Steam, GOG, Epic Games Store) and its own online store.
Is Red Square Games S.A. a public or private company?
Red Square Games S.A. is a public company. It is classified as public and is currently operating.
When was Red Square Games S.A. founded?
Red Square Games S.A. was founded in 2020. It employs 11 to 50 people.
Where is Red Square Games S.A. based?
Red Square Games S.A. is headquartered in Kraków, Poland, in the Europe region.
How does Red Square Games S.A. make money?
Five revenue lines are on record. Own Video Game Production is the primary driver. The others are video Game Commission Production, video Game Porting, board Games and RPGs and E-commerce Retail.
Who are Red Square Games S.A.'s main competitors?
Direct peers on record are All in! Games, Dire Wolf Digital, Portal Games, 11 bit studios, Asmodee Digital, Rebel and PlayWay. Broad incumbents are Flying Wild Hog, CD Projekt and CI Games.
Does Red Square Games S.A. have an API?
No public API is recorded for Red Square Games S.A..
What industry is Red Square Games S.A. in?
Red Square Games S.A.'s product category is Video Game Development. Its primary akta.pro industry code is MPAFABAH, Regional/Local Market Publishers & Distributors (Territory Rights, Localization-led Publishing), with a secondary code of BPAMAKAB, Mobile Game Publishing & App Game Stores. Its NAICS code is 45912 and its SIC code is 5945.