Coffee Stain Group

What Coffee Stain Group does

Coffee Stain Group AB is a Swedish publicly listed video game holding company headquartered in Karlstad, Sweden, that operates a multi-studio platform combining proprietary IP development with third-party publishing. The group comprises wholly-owned development studios including Coffee Stain Studios (Skövde, founded 2010), Coffee Stain North (Stockholm, mobile-focused), Ghost Ship Games (Copenhagen), Tuxedo Labs, Lavapotion, Box Dragon, Easy Trigger, Invisible Walls, and Frame Break, alongside the Coffee Stain Publishing arm. The product portfolio spans survival games (Valheim), co-op shooters (Deep Rock Galactic), factory builders (Satisfactory), sandbox adventures (Goat Simulator series), destructible-physics heist games (Teardown), turn-based strategy (Songs of Conquest, As We Descend), and multiplayer dungeon adventures (Fellowship).

The technology base is engine-flexible: Coffee Stain North specializes in mobile development on Unreal Engine 4 and 5, while flagship titles like Deep Rock Galactic rely on procedurally generated, 100% destructible cave systems, Satisfactory on multi-story factory automation with conveyor and rail logistics, and Teardown on a fully destructible voxel engine. Games are distributed as one-time digital purchases across Steam, PlayStation, Xbox, Nintendo Switch/Switch 2, Epic Games Store, iOS, Android, GOG, and Roblox. Revenue is generated through premium game sales, DLC expansions (including seasonal content drops such as Fellowship Seasons), and remastered editions bundled with prior DLC.

The company completed its spin-off from Embracer Group and listing on Nasdaq First North Premier Growth Market in Stockholm on December 11, 2025, becoming an independent publicly traded entity with FNCA Sweden AB as Certified Advisor. Post-listing, it has executed a major content slate — Satisfactory 1.2 (June 2026), Fellowship Season 3 (June 2026), Goat Simulator 3 mobile, and Valheim 1.0 with the Deep North expansion (September 9, 2026) — alongside restructuring activity including the closure of Coffee Stain Malmö in April 2026.

Name

Coffee Stain Group

Legal name

Coffee Stain Group AB

Website

https://coffeestain.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Coffee Stain Group AB is a Swedish publicly listed multi-studio video game developer and publisher headquartered in Karlstad, serving global PC, console, and mobile gamers with franchises including Valheim, Deep Rock Galactic, Satisfactory, and Goat Simulator across 10+ digital storefronts.

Ownership category

akta.pro rank

Headquarters

HQ city

Karlstad

HQ country

Sweden

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Game Sales (Owned IP): Direct sales of full game titles developed by Coffee Stain's owned studios, including Valheim, Satisfactory, Deep Rock Galactic, Teardown, Goat Simulator series, Huntdown, Midnight Ghost Hunt, and others.
2. Downloadable Content (DLC): Revenue from DLC expansions and additional content for existing games, including Goat Simulator 3 Multiverse of Nonsense DLC, Goat Simulator Remastered (with all DLC included), and seasonal content for Fellowship.
3. Publishing Revenue: Coffee Stain Publishing generates revenue by publishing third-party developer games, enabling unique games to reach their full potential through the company's publishing expertise and distribution network.
4. Remastered/Re-released Titles: Revenue from remastered versions of existing games, such as Goat Simulator: Remastered with updated graphics and all previously released DLC included.

Pricing tiers

Go-to-market motion2 records

Distribution channels9 records

Marketing channels9 records

Core offering

Coffee Stain Group is a Swedish video game holding company that develops, publishes, and distributes interactive entertainment games through a multi-studio model. The company operates both internal development studios producing proprietary game IPs (such as Valheim, Satisfactory, Deep Rock Galactic, Goat Simulator, Teardown) and a publishing arm that partners with external developers to bring their games to market across PC, console, mobile, and the Roblox platform.

Product overview

Coffee Stain Group is a Swedish video game holding company and independent studio group that develops, publishes, and distributes interactive entertainment games. The company operates as a multi-studio platform comprising Coffee Stain Studios (Skövde), Coffee Stain North (Stockholm), and Coffee Stain Publishing, along with affiliated studios including Ghost Ship Games, Tuxedo Labs, Box Dragon, Lavapotion, Easy Trigger, Invisible Walls, Frame Break, and Kavalri. The portfolio spans multiple genres including survival games (Valheim), factory builders (Satisfactory), co-op shooters (Deep Rock Galactic), sandbox adventures (Goat Simulator series), tactical strategy (Songs of Conquest, As We Descend), dungeon crawlers (Fellowship), and action shooters (Huntdown). The group completed its spin-off from Embracer Group and listed on Nasdaq First North Premier Growth Market in Stockholm on December 11, 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Valheim A brutal multiplayer survival game set in a procedurally-generated Viking-themed purgatory, featuring exploration, building, crafting, and combat across multiple biomes.
• Deep Rock Galactic A 1-4 player cooperative first-person shooter featuring space dwarves, fully destructible environments, procedurally-generated caves, and sci-fi alien combat.
• Satisfactory A first-person open-world factory building game with exploration and combat elements, where players build multi-story factories on an alien planet.
• Teardown A physics-based heist game featuring a fully destructible voxel-based environment where players plan and execute heists across a 40-mission campaign.
• Goat Simulator: Remastered A remastered version of the chaotic sandbox game featuring updated graphics, all previous DLC content, and a new mutator menu for customizing gameplay.
• Goat Simulator 3 A third-person sandbox adventure where players become a goat, exploring the island of San Angora with 4-player co-op multiplayer support.
• Songs of Conquest A turn-based strategy game where players build empires, manage resources, research advancements, and wage tactical combat across four distinct factions.
• Deep Rock Galactic: Rogue Core A 1-4 player cooperative first-person shooter roguelite featuring sci-fi dwarves, alien horrors, and procedurally-generated caves in mining facilities.
• Fellowship A multiplayer online dungeon adventure game featuring seasonal content, hero progression, and cooperative dungeon crawling across multiple leagues.
• Into the Unwell A third-person roguelite action game featuring flawed characters with unique abilities and unorthodox weapons, playable solo or in 3-player co-op.
• As We Descend A strategy roguelike deckbuilder where players manage civilization resources, deploy unit squads, and navigate tactical combat in a post-apocalyptic setting.
• Huntdown A hard-boiled action comedy arcade shooter featuring co-op gameplay, hand-painted 16-bit pixel art graphics, and three playable bounty hunters.
• Huntdown: Overtime A roguelite prequel to Huntdown featuring fast run-and-gun action with VHS-era B-movie aesthetics and handcrafted pixel art visuals.
• Midnight Ghost Hunt A chaotic 4v4 multiplayer hide-and-seek game where players can be ghosts possessing objects or hunters chasing them, with a midnight transformation mechanic.
• A Story About My Uncle A first-person platforming adventure game where players use grappling hooks to swing through a fantastical world searching for a lost uncle.
• Welcome to Bloxburg An online social roleplay game on the Roblox platform where players build, work, and socialize in a virtual world.
• Sanctum A first-person shooter tower defense hybrid game combining FPS action with strategic tower building in cooperative multiplayer.
• Sanctum 2 The sequel to Sanctum featuring four unique character classes, expanded tower defense mechanics, and first-person shooter combat.
• Super Sanctum TD A retro-styled tower defense game focusing on maze building, tower construction, and survival mode leaderboards.

Quantifiable outcome

• Valheim reached 5 million copies sold in early 2026
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Iron Gate StudiocoreStrategic or Co-development PartnerIron Gate Studio is the developer of Valheim, with Coffee Stain Publishing serving as the publisher. Valheim is a brutal multiplayer survival game that became one of the most successful games of 2021-2022, reaching millions of players during Early Access and now preparing for full 1.0 release on September 9, 2026 with the Deep North expansion. The partnership represents a successful co-publishing relationship where Coffee Stain enables Iron Gate's creative vision to reach a global audience.
• Coffee Stain StudioscoreOthersOwned studio in Skövde, Sweden founded in 2010. The original team behind Goat Simulator, Satisfactory, and the Sanctum games. Operates with creative independence while part of Coffee Stain Group.
• Coffee Stain NorthcoreOthersOwned studio in Stockholm founded in 2013, focused on mobile game development. Currently developing Goat Simulator 3 with Unreal Engine 4 and 5, including iOS and Android versions. Team of 34 employees.
• Coffee Stain PublishingcoreOthersOwned publishing arm headquartered in Stockholm. Mission is enabling unique games to live up to their full potential. Record includes multiple million unit-selling titles with predominantly positive reviews.
• Ghost Ship GamescoreOthersOwned studio based in Copenhagen, Denmark. Developer of Deep Rock Galactic, a 1-4 player co-op FPS featuring space dwarves with procedurally-generated caves and destructible environments.
• Tuxedo LabscoreOthersOwned studio. Developer of Teardown, featuring fully destructible voxel-based environments and creative heist planning gameplay.
• LavapotionminorOthersOwned studio based in Sweden. Developer of Songs of Conquest, a turn-based strategy game with kingdom management and tactical combat.
• Box DragonminorOthersOwned studio based in Göteborg, Sweden. Developer of As We Descend, a strategy roguelike deckbuilder.
• Easy TriggerminorOthersOwned studio based in Trollhättan, Sweden. Developer of Huntdown and Huntdown: Overtime, hard-boiled action comedy arcade shooters.
• Chief RebelminorStrategic or Co-development PartnerChief Rebel is the developer of Fellowship, a Multiplayer Online Dungeon Adventure published by Coffee Stain Group.
• Vaulted Sky GamesminorStrategic or Co-development PartnerVaulted Sky Games is the developer of Midnight Ghost Hunt, a chaotic multiplayer hide-and-seek game published by Coffee Stain Group.
• SWSAGH (She Was Such A Good Horse)minorStrategic or Co-development PartnerExternal studio that developed Into the Unwell, published by Coffee Stain Group. A third-person roguelite featuring 1930s rubber hose animation style.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Annapurna Interactive: Publisher of award-winning independent games (Stray, Cocoon, Outer Wilds). Directly comparable as a publisher that discovers and elevates distinctive indie titles across PC and console storefronts.
• Devolver Digital: Independent publisher of indie video games with a portfolio of distinctive, often unconventional titles. Directly comparable to Coffee Stain Publishing's model of supporting third-party developers with strong creative identities and bringing them to global storefronts.
• 505 Games: Italian-based global publisher of indie and mid-market games (Control, Death Stranding PC). Comparable publishing footprint across PC and console plus operational scale similar to Coffee Stain Publishing.
• Team17: Long-standing UK-based indie game publisher and developer (Worms, Overcooked, Blasphemous). Comparable business model as a hybrid publisher-developer with a catalog of co-op and multiplayer titles distributed across PC and consoles.
• Focus Entertainment: French publisher-developer of AA and indie games (A Plague Tale, Frostpunk publishing). Comparable as a publicly listed publisher with a portfolio spanning action, strategy, and simulation — overlapping several Coffee Stain Publishing genres.
• tinyBuild Games: Independent developer and publisher of games including Hello Neighbor and Graveyard Keeper. Closely comparable to Coffee Stain as a publicly listed indie publisher-developer with a mix of owned IPs and external signed titles.
• Saber Interactive: Multi-studio game developer and co-developer (Warhammer 40,000: Space Marine 2, World War Z). Comparable as a multi-studio operator doing both proprietary development and external co-development/publishing work in the mid-tier segment.

Regional players

• Paradox Interactive: Swedish developer and publisher of strategy and management games (Cities: Skylines, Stellaris, Crusader Kings). Direct regional and structural peer as a Nordic-based publicly listed company running an owned-IP plus publishing model.

Broad incumbents

• THQ Nordic: Major publisher and Embracer subsidiary focused on remastering, sequels, and acquired IPs. Comparable as a publishing peer operating inside a larger holding-company structure with similar distribution reach.
• Embracer Group: Former parent of Coffee Stain Group and one of the largest global gaming conglomerates. Highly comparable as a multi-studio, multi-genre publisher-developer with overlapping distribution and publishing infrastructure across PC, console, and mobile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CoffeeStainNrth
• YouTubeyoutube.com/c/coffeestain
• Facebookfacebook.com/CoffeStainNrth
• LinkedInlinkedin.com/company/coffee-stain-north

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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 Coffee Stain Group