Action Squad Studios
Founded by seasoned gaming and entertainment industry professionals from Rovio, Supercell, Remedy, RedLynx, and Bugbear.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
| N/A | $2.0m | - | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (24 %) | (96 %) | - | - | - | - | 200 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (26 %) | (660 %) | - | - | - | (47700 %) | (333 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Action Squad Studios was a Finnish game development studio established in 2015 by a team of experienced professionals from prominent Nordic gaming companies like Rovio, Supercell, and Remedy. In May 2018, the studio announced it had secured €1.7 million ($2 million) in funding, with backers including former Rovio CEO Mikael Hed. The founding team included Konsta Klemetti as CEO, Sami Timonen as Creative Director, and Jussi Kemppainen as Game Director.
The company positioned itself as a story-driven transmedia studio, aiming to create intellectual properties that spanned across various media, including games, films, and graphic novels. Their primary business was the development and publishing of their own games, initially focusing on a proprietary IP rooted in Nordic mythology but designed for contemporary audiences. The studio's first major release was "Iron Danger" in early 2020, a tactical combat game with a unique time manipulation mechanic. Despite a generally positive reception, the game did not achieve the commercial success needed to fund subsequent projects, leading the studio to outsource some of its team to maintain operations.
Following the financial challenges, the studio developed its second title, "Edge of War," a classic-style CRPG. The game was launched into Steam Early Access in August 2023 under difficult circumstances, as the studio announced its closure at the end of that same month due to the loss of its publisher. Officially, Action Squad Studios ceased operations in 2023. However, a core team of five members informally pledged to continue developing "Edge of War" in their spare time, pushing the expected full release to 2025 and planning to involve the community in its future direction.
Keywords: Action Squad Studios, Finnish game developer, Iron Danger, Edge of War, transmedia studio, PC gaming, story-driven games, tactical combat game, Nordic mythology IP, Konsta Klemetti, Sami Timonen, Jussi Kemppainen, Mikael Hed, game studio closure, independent developer, CRPG, time manipulation mechanic, Helsinki game industry, game development, video game publishing, early access games