What TOHU BOHU does

Tohu Bohu is a Paris-based cooperative game development studio operating as a SAS (Tohu Bohu Games, RCS Paris 942 296 773 00016, registered at 61 rue de Lyon 75012) that develops and publishes indie video games. The studio is staffed by two named principals, Florence Noé (developer/coder) and Emmanuel Corno (designer/writer), both of whom hold credits across multiple previously published titles, with the studio itself serving as the publishing vehicle for subsequent releases including the recent Shinobi: Art of Vengeance and the announced Beware of the Cartographer.

The studio's catalog spans narrative adventures (Event[0], Foretales), real-time strategy (Battlefleet Gothic: Armada 2), physics-based cooperative party games (Heave Ho), action titles (Shinobi: Art of Vengeance), and RPGs (Worlds of Aria). Games are built using standard indie game engine tooling and are sold as one-time purchases on Steam, the studio's sole disclosed distribution channel. Tohu Bohu complements distribution with a self-service press kit, a direct contact channel for partnerships and press, and a monthly newsletter subscription, with a blog announced as forthcoming.

Revenue is generated exclusively through digital one-time-license sales to consumers via Steam; no pricing, unit-sales, or revenue figures are publicly disclosed. The studio has not raised external funding per the available record and operates with a minimal share capital of €2,000. Customer engagement is handled through earned media, newsletter, and direct outreach, with the cooperative ownership structure positioned as a differentiator versus conventional independent studio setups.

Name

TOHU BOHU

Legal name

Tohu Bohu Games – SAS au capital de 2 000 €

Website

https://tohubohu.games

Company type

Private

Operating status

Operating

Short description

Tohu Bohu is a two-person Paris-based cooperative indie game studio that develops and self-publishes narrative, strategy, action, and cooperative party games for sale on Steam, founded and operated by industry veterans.

Ownership category

akta.pro rank

Product category

Indie Video Games

NAICS

Doll, Toy, and Game Manufacturing (33993)

SIC

Games, Toys & Children's Vehicles (No Dolls & Bicycles) (3944)

akta.pro primary industry

Casual/Hypercasual Game Studios (MPAFAAAG)

akta.pro secondary industry

Strategy/4X/Management Game Studios (MPAFAAAK)

Keywords

• Indie video games
• Cooperative game studio
• Narrative adventure games
• Digital game distribution
• Party multiplayer games

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Game Sales: Revenue generated from selling indie video games through digital distribution platforms such as Steam. The studio has released multiple titles including Event[0], Heave Ho, Foretales, Worlds of Aria, and Shinobi: Art of Vengeance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Tohu Bohu is a cooperative indie game development studio that designs, develops, and publishes video games. The studio creates narrative adventures, real-time strategy, physics-based party, action, and RPG titles, selling them as one-time purchases through digital storefronts such as Steam.

Product overview

TOHU BOHU is a cooperative game development studio that creates indie games. The studio's portfolio includes narrative adventure titles (Event[0]), real-time strategy games (Battlefleet Gothic: Armada 2), physics-based party games (Heave Ho), action games (Shinobi), and RPGs (Foretales, Worlds of Aria). The studio is staffed by industry veterans including Florence Noé (developer) and Emmanuel Corno (designer/writer) who have contributed to multiple published titles. The studio operates from Paris, France as a SAS company.

Differentiator

Problem solved

Functional benefit

Products and services

• Event[0] A narrative adventure game where players interact with a spaceship's AI through text commands. Targeted at players who enjoy story-driven interactive experiences.
• Battlefleet Gothic: Armada 2 A real-time strategy game set in the Warhammer 40,000 universe featuring fleet-based naval combat. Targeted at strategy game fans and Warhammer franchise enthusiasts.
• Heave Ho A physics-based cooperative party game where players work together to swing and grab across environments. Targeted at gamers seeking local multiplayer party experiences.
• Shinobi: Art of Vengeance A ninja action game featuring stealth gameplay and combat mechanics. Targeted at action game fans who enjoy side-scrolling ninja combat.
• Foretales A narrative strategy game with choice-driven gameplay and branching storylines. Targeted at players who enjoy card-based strategy games with storytelling elements.
• Worlds of Aria An indie RPG featuring adventure and exploration elements. Targeted at RPG players seeking exploration-driven gameplay.
• Little Furious An indie game project developed by the studio's co-founder. Targeted at indie game players.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Raw Fury: Independent game publisher behind Sable, Dandara, and others. Comparable as a mid-sized indie publisher that frequently partners with small studios for Steam distribution — a realistic publishing partner profile for Tohu Bohu.
• Annapurna Interactive: Major indie game publisher behind What Remains of Edith Finch, Outer Wilds, Stray, and Cocoon. Comparable as a high-prestige indie publisher that would be a natural distribution/publishing partner for narrative indie titles like Tohu Bohu's catalog.
• Devolver Digital: Major indie game publisher/label behind Hotline Miami, Enter the Gungeon, Fall Guys, and dozens of other indie titles. Comparable as the dominant independent publishing channel that Tohu Bohu titles could partner with for distribution and marketing.

Direct peers

• Team Cherry: Tiny three-person Australian indie studio behind Hollow Knight. Closely comparable to Tohu Bohu in studio scale, indie-only output, and Steam-direct distribution — a benchmark for what a small indie team can achieve at breakout scale.
• Yacht Club Games: Small independent game studio known for Shovel Knight and other retro-style indie titles. Directly comparable to Tohu Bohu as a similarly sized, self-publishing indie studio distributing on Steam with a small core team.
• Moon Studios: Independent studio behind the Ori and the Blind Forest / Will of the Wisps series. Directly comparable as a small indie studio with a single primary creative duo producing critically acclaimed, narrative-driven games on PC.
• Re-Logic: Small independent studio behind Terraria and Pixel Piracy. Comparable as a long-running small indie studio that has sustained revenue for over a decade from a single flagship IP — illustrating the long-tail potential for similar studios.
• Supergiant Games: Independent game studio behind Bastion, Transistor, Hades, and Pyre. Comparable as a small, narrative-driven indie studio with diverse genre output and direct Steam distribution — though Supergiant is significantly more established.
• Playdead: Independent studio behind Limbo and Inside. Directly comparable as a small indie studio focused on atmospheric, narrative-driven games distributed on Steam and consoles with a tight creative team.
• Klei Entertainment: Independent studio behind Don't Starve, Mark of the Ninja, and Oxygen Not Included. Comparable as a mid-sized indie studio with a similarly diverse genre portfolio (survival, stealth, strategy) shipping on Steam.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/tohu-bohu-games

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 TOHU BOHU