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tinyBuild Inc. is an American publisher of indie games based in Bellevue, Washington.[2] The company was established by Alex Nichiporchik and Tom Brien in 2011 to expand Brien's game No Time to Explain into a commercial release. Building from the success of the game's Steam release in 2013, tinyBuild partnered with DoubleDutch Games for the development and release of SpeedRunners, which landed tinyBuild further publishing deals. Since March 2020, the company has been founding or acquiring new studios to expand. It became a public company on the Alternative Investment Market in March 2021.

Key Information

History

[edit]

tinyBuild was founded in 2011 by Alex Nichiporchik (Latvian: Aleksandrs Ņičiporčiks) and Tom Brien.[3][4] Nichiporchik came from Latvia and had been a professional Warcraft III: Reign of Chaos player in the early 2000s, which made him enough money to drop out of high school and pursue a career in video game journalism.[5] While an employee of Spil Games in the Netherlands in 2010, he became interested in Flash games. He came across Super Meat Boy, which led to him to want to get into the business. Nichiporchik discovered No Time to Explain, a Flash game by Tom Brien, which he thought could be as successful as Super Meat Boy. Nichiporchik and Brien established tinyBuild in 2011 as a developer to expand No Time to Explain into a commercial release. The company headquarters were based in the Netherlands with Nichiporchik until both relocated to Seattle later on.[3]

tinyBuild launched a crowdfunding campaign for the game via Kickstarter and raised US$26,000 from a $7,000 target.[3] tinyBuild had agreed with the Russian publisher Buka Entertainment that the latter would publish retail versions of No Time to Explain in Russia, get the game released on Steam, and grant tinyBuild $24,500 in royalties in advance. However, Buka Entertainment failed to communicate with tinyBuild until stating that it was forced to cancel the project, withholding the royalties.[6][7] As No Time to Explain could not be launched via Steam, tinyBuild released it independently. The game recouped its development cost but did not turn a significant profit. tinyBuild went into hiatus for nearly a year thereafter until Steam introduced the Greenlight process for game approval. No Time to Explain became one of the first games to be greenlit for Steam in 2013 and had a successful release on the platform. Nichiporchik stated this experience burnt out tinyBuild, which was no longer interested in pursuing development but did not want to waste the newfound success. The company invested in, co-developed, and published the game SpeedRunners, which led to more developers pitching their games to tinyBuild, incrementally turning the company into a publisher.[3] To expand its publishing operations, it hired the video game journalist Mike Rose in December 2014.[8]

tinyBuild obtained $3.75 million in seed funding from Makers Fund in April 2018, followed by $15 million in series A funding from an undisclosed investor in February 2019.[9] The company established its first internal studio, HakJak Studios, with Guts and Glory developer Jed "HakJak" Steen in Boise, Idaho, in March 2020.[10] Nichiporchik believed that indie game publishers like tinyBuild would have to move away from "transactional relationships"—wherein the developer and publisher would work on one game and then move on—and instead build long-term relationships with the developers.[11] At this time, tinyBuild had 150 employees.[12] tinyBuild acquired the development team behind Hello Neighbor from Dynamic Pixels in July 2020 for an undisclosed sum to establish the studio Eerie Guest Studios in Hilversum. The company invested more than US$15 million into the Hello Neighbor franchise.[13] tinyBuild invested US$3 million into Hologryph, the team behind the Hello Neighbor multi-player spin-off, Secret Neighbor in November 2020.[14] In February 2021, tinyBuild acquired three studios it had previously worked with: We're Five Games, Hungry Couch, and Moon Moose.[15]

tinyBuild announced in February 2021 that it was to pursue an initial public offering on the Alternative Investment Market of the London Stock Exchange with the ticker symbol "TBLD". At the time, Nichiporchik owned 61.1% of the company, while the Chinese company NetEase owned 14.3%.[4] The company's shares began trading on March 9, 2021, with an initial market capitalization of £340 million.[16]

tinyBuild acquired the studio Animal in August 2021 for $10.2 million; Animal had been working on publishing their upcoming game Rawmen through tinyBuild.[17]

tinyBuild acquired Versus Evil and Red Cerberus in November 2021.[18]

The company acquired the intellectual property rights to the bulk of Bossa Studios' games including Surgeon Simulator and I Am Bread, for US$3 million in August 2022. In 2022, they acquired Konfa Games during the development of Despot's Game.[19][20]

Subsidiaries

[edit]

Studios

[edit]
Name Location Founded Acquired
Animal Pasadena, California, United States 2015 August 2021
Eerie Guest Studios Hilversum, Netherlands July 2020 —
Hologryph Lviv, Ukraine 2016 November 2020
Hungry Couch Games Moscow, Russia 2019 February 2021
DogHelm Los Angeles, California, United States 2015 June 2021
Bad Pixel Voronezh, Russia 2008 September 2021
Konfa Games St. Petersburg, Russia 2017 August 2022
Red Cerberus São Paulo, Brazil July 2017 November 2021
Scythe Studios Phoenix, Arizona, United States 2017 November 2022

Former

[edit]
Name Location Founded Acquired Closed
HakJak Studios Boise, Idaho, United States March 2020 — December 2023[21]
Versus Evil Baltimore, United States 2013 November 2021 December 2023[22]
We're Five Games Minneapolis, Minnesota, United States April 2012 February 2021 - 2023 [citation needed]
Moon Moose St. Petersburg, Russia 2019 February 2021 February 2024 [23]
DeMagic Games Ukraine 2019 April 2022 March 2024[24]

Games developed

[edit]
Year Title Platform(s)
2011 No Time to Explain Linux, macOS, Microsoft Windows
2015 No Time to Explain Remastered Linux, macOS, Microsoft Windows, PlayStation 4, Xbox One
2023 Hello Engineer Microsoft Windows, Xbox One, PlayStation 4, Nintendo Switch
2024 DUCKSIDE (Early Access)[25][26] Microsoft Windows, Xbox Series X/S, PlayStation 5
2025 Pigeon Simulator [27] Xbox Series X/S, Microsoft Windows[28]

Games published

[edit]
Year Title Developer(s) Platform(s)
2013 Not the Robots 2DArray Linux, macOS, Microsoft Windows
2014 Fearless Fantasy Enter Skies Entertainment Android, iOS, Microsoft Windows
Spoiler Alert Megafuzz Android, iOS, Linux, macOS, Microsoft Windows
Lovely Planet Quicktequila Linux, macOS, Microsoft Windows, PlayStation 4, Xbox One, Wii U
2015 Divide by Sheep Bread Team Android, iOS, macOS, Microsoft Windows
Party Hard Pinokl Games Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Snail Bob 2 Hunter Hamster Android, iOS, Linux, macOS, Microsoft Windows
2016 Punch Club Lazy Bear Games Android, iOS, Linux, macOS, Microsoft Windows, Nintendo 3DS, Nintendo Switch, PlayStation 4, Xbox One
Dungelot: Shattered Lands Red Winter Android, iOS, Microsoft Windows
SpeedRunners DoubleDutch Games iOS, Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
One Troll Army FlyAnvil macOS, Microsoft Windows
Boid Mokus Games Microsoft Windows
Lovely Planet Arcade Quicktequila Linux, macOS, Microsoft Windows
Road to Ballhalla Torched Hill Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
The Final Station Do My Best Games Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Diaries of a Spaceport Janitor Sundae Month macOS, Microsoft Windows
Clustertruck Landfall Games Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Party Hard Go Pinokl Games Android, iOS, Fire OS
2017 Stage Presence Sea Green Games Microsoft Windows
Mr. Shifty Team Shifty Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Community Inc T4 Interactive macOS, Microsoft Windows, Nintendo Switch
Phantom Trigger Bread Team Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Party Hard Tycoon (early access)
  • Pinokl Games
  • Kverta
 Microsoft Windows
Hello Neighbor Dynamic Pixels Android, iOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Stadia, Xbox One
2018 Garage: Bad Trip Zombie Dynamics macOS, Microsoft Windows, Nintendo Switch
Outpost Zero (early access) Symmetric Games Microsoft Windows
Guts and Glory HakJak Studios Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Graveyard Keeper Lazy Bear Games Android, iOS, Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Party Hard 2
  • Pinokl Games
  • Kverta
  • Hologryph
 Microsoft Windows
Rapture Rejects (early access)
  • Galvanic Games
  • Explosm Games
 Microsoft Windows
Hello Neighbor: Hide and Seek Dynamic Pixels iOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Stadia, Xbox One
2019 Pandemic Express Tall Boys Team Microsoft Windows
Swag and Sorcery
  • Lazy Bear Games
  • Uroboros Games
 iOS, Microsoft Windows
Pathologic 2 Ice-Pick Lodge Microsoft Windows, PlayStation 4, Xbox One
Lovely Planet 2: April Skies Quicktequila Linux, macOS, Microsoft Windows
Streets of Rogue Matt Dabrowski Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Totally Reliable Delivery Service We're Five Games Android, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Waking Jason Oda Microsoft Windows
Secret Neighbor
  • Hologryph
  • Dynamic Pixels
 Microsoft Windows, Stadia, Xbox One, Nintendo Switch
2020 Not For Broadcast NotGames Microsoft Windows
Hello Puppets! Otherworld Interactive Microsoft Windows (VR Exclusive)
Hellpoint Cradle Games Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One, Stadia, PlayStation 5, Xbox Series X/S
Kill It With Fire Casey Donnellan Games LLC Microsoft Windows, iOS, Android, Nintendo Switch, PlayStation 4, Xbox One
Punch Club 2: Fast Forward Lazy Bear Games Microsoft Windows
Startup Panic Algorocks Android, iOS, Microsoft Windows
Waking Jason Oda Microsoft Windows, Xbox One
2021 Black Skylands (early access) Hungry Couch Microsoft Windows
Cartel Tycoon (early access) Moon Moose
Happy's Humble Burger Farm Scythe Dev Team Microsoft Windows, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X/S, Nintendo Switch
Mayhem in Single Valley Fluxscopic Ltd. Microsoft Windows
Potion Craft: Alchemist Simulator (early access) niceplay games Microsoft Windows
Undungeon Laughing Machines Microsoft Windows, Xbox One
Trash Sailors fluckyMachine Microsoft Windows, Nintendo Switch
2022 Not for Broadcast NotGames Microsoft Windows
Expedition Zero Enigmatic Machines
Hello Neighbor 2 Eerie Guest Studios Microsoft Windows, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X/S, Nintendo Switch
Tinykin Splashteam Microsoft Windows, Nintendo Switch, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X/S
Asterigos: Curse of the Stars Acme Gamestudio Microsoft Windows, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X/S
Despot's Game: Dystopian Battle Simulator Konfa Games Linux, macOS, Microsoft Windows, Nintendo Switch, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X/S
2023 RHYTHM SPROUT SURT Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Farworld Pioneers Igloosoft Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
Black Skylands Hungry Couch Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
The Bookwalker: Thief of Tales[29] DO MY BEST macOS, Microsoft Windows, PlayStation 4, PlayStation 4, Xbox One, Xbox Series X/S
Punch Club 2: Fast Forward Lazy Bear Games Microsoft Windows, Nintendo Switch, PlayStation 4, Xbox One
I Am Future: Cozy Apocalypse Survival Mandragora Microsoft Windows
Hello Neighbor: Search & Rescue Steel Wool Studios Microsoft Windows, Meta Quest, PlayStation 4, PlayStation 5
Hello Neighbor: Nicky's Diaries DeMagic Games Android, iOS
2024 Lil' Guardsman Hilltop Studios Microsoft Windows, Nintendo Switch, Xbox One, Xbox Series X, PlayStation 4, PlayStation 5
Tamarak Trail Yarrow Games Microsoft Windows, Xbox One, Xbox Series X/S, PlayStation 4, PlayStation 5, Nintendo Switch
Broken Roads Drop Bear Bytes Microsoft Windows, Xbox One, Xbox Series X/S, Nintendo Switch, PlayStation 4, PlayStation 5
Kill It With Fire 2 (Early Access) Casey Donnellan Games LLC Microsoft Windows
Astor: Blade of the Monolith C2 Game Studio Microsoft Windows, Xbox One, Xbox Series X/S, Nintendo Switch, PlayStation 4, PlayStation 5
Rawmen Animal Microsoft Windows
Train Valley World Flazm Microsoft Windows, macOS
Divide By Sheep 2 Victor Solodilov, Denis Novikov Microsoft Windows, iOS
Slime 3K: Rise Against Despot Konfa Games Microsoft Windows, MacOS, Linux, Xbox One, Xbox Series X/S, Nintendo Switch, PlayStation 4, PlayStation 5, Android
Deadside Bad Pixel Microsoft Windows, Xbox Series X/S, PlayStation 5
VOIN Nikita Sozidar Microsoft Windows
2025 Level Zero: Extraction DOGHOWL Games Microsoft Windows, Xbox, PlayStation
Deep Cuts Scythe Dev Team Microsoft Windows, Meta Quest
Drill Core Hungry Couch Games Microsoft Windows
The King is Watching Hypnohead Microsoft Windows
Of Ash and Steel Fire & Frost Microsoft Windows
FEROCIOUS OMYOG Microsoft Windows
TBA Hello Neighbor 3[30][31] Eerie Guest Studios Microsoft Windows
SAND Hologryph, TowerHaus Microsoft Windows, PlayStation 5, Xbox Series X/S
Trainfort UDevLemon Microsoft Windows
Hozy Come On Studio Microsoft Windows
Kingmakers Redemption Road Microsoft Windows
Streets of Rogue 2 Matt Dabrowski Microsoft Windows, MacOS, Linux

References

[edit]
[edit]
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TinyBuild

View on Grokipedia
from Grokipedia
tinyBuild Inc. is an American video game publisher and developer specializing in indie and AA titles for PC and consoles. Founded in 2011 by Alex Nichiporchik and Tom Brien in , the company began as an independent developer with its debut game , successfully funded via . The company transitioned into publishing in 2013 with , which entered and achieved significant success, marking the start of tinyBuild's expansion into a portfolio of over 80 titles as of 2025. Notable releases include the stealth horror franchise (2017), which spawned spin-offs, merchandise, and adaptations, as well as , , , and Kingmakers. With nearly 200 employees across in-house studios and global partnerships as of mid-2025, tinyBuild focuses on building long-lasting intellectual properties through developer collaborations. As a publicly traded entity on the (TBLD.L), tinyBuild engages in international distribution and has evolved from a small indie outfit into a prominent player in the gaming industry, emphasizing premium indie experiences.

Overview

Founding and operations

tinyBuild was founded in 2011 in the by Nichiporchik and Tom Brien as an independent game development studio. The company initially concentrated on creating quirky, humor-driven indie games targeted at PC platforms, beginning with the commercial expansion of Brien's browser-based title . Over time, tinyBuild relocated its headquarters to , USA, marking a shift from a small European developer to a globally oriented publisher. By 2025, it had evolved into a prominent publisher, managing a portfolio exceeding 90 titles. The company's employee base peaked at approximately 150 in amid rapid expansion, with current operations supported by around 100 staff across multiple studios. At its core, tinyBuild operates as both a developer and publisher, specializing in partnerships with independent creators to bring AA and premium indie games to market. It provides funding, production assistance, and marketing for titles spanning genres such as action, , and horror, distributed across PC, consoles including PlayStation and , and VR platforms like SteamVR and Meta Quest. This model emphasizes support for innovative indie projects, exemplified by its early pivot to publishing the multiplayer racing game .

Leadership and ownership

tinyBuild is led by Alex Nichiporchik, who co-founded the company in and has served in the role since its inception, bringing over 20 years of experience in the video games industry as a former professional , journalist, producer, and marketing executive. The executive team includes Giasone (Jaz) Salati, who oversees financial strategy and investor relations with a background in equity research and finance. Co-founder Tom Brien, instrumental in the company's early game development efforts, currently serves as , focusing on creative decisions in and promotion. The board of directors comprises Non-Executive Chairman Henrique Olifiers, who contributes over 20 years of gaming expertise from roles at studios like Bossa Studios and ; Non-Executive Director Neil James Catto, a qualified with prior CFO experience at companies including Boohoo and ; and Non-Executive Director Nick van Dyk, a media and technology advisor who previously held senior positions at and . tinyBuild became a publicly traded company on March 9, 2021, listing on the AIM market of the London Stock Exchange with an initial market capitalization of £340.6 million, raising gross proceeds of £36 million to support expansion and acquisitions. Post-IPO, the ownership structure evolved through several share issuances and capital raises to fund operations and growth amid market challenges. Notably, in late 2023, a $14 million capital raise included investments from Atari SA, which acquired a 7.9% stake, and additional subscriptions by Nichiporchik, resulting in dilutions for other holders like NetEase, whose ownership decreased from 14.3% at IPO to 3.24% by early 2024. As of June 5, 2025, approximately 57.9% of shares are held by non-public investors, with Alex Nichiporchik as the largest individual shareholder, followed by Atari SA at 7.9% and NetEase at around 3.2%. These adjustments reflect strategic efforts to maintain control and liquidity while navigating post-IPO financial pressures, including further share issuances in 2024 to bolster cash reserves.

History

Early years (2011–2015)

tinyBuild was founded in early 2011 by Alex Nichiporchik and Tom Brien in the as a small indie development studio, initially self-funded to expand Brien's game No Time to Explain into a commercial project. The , a humorous browser-based created by Brien earlier that year, caught Nichiporchik's attention while he was marketing web games, leading to the duo's partnership. To finance development, they launched a campaign in April 2011, which raised over $26,000 from more than 2,000 backers within hours, enabling the production of episodic content. Despite an additional $20,000 funding offer from an undisclosed publisher that ultimately fell through due to rights disputes, the team proceeded with the limited budget, operating as a lean group focused on creative output. The debut release of came in August 2011 as Episode 1 for Windows, Mac, and , followed by Episode 2 in December 2011, marking tinyBuild's entry into the indie scene with its absurd, time-traveling platforming mechanics. A full commercial version launched on in January 2013, building on the episodic foundation and gaining traction through the platform's growing indie community. This success highlighted tinyBuild's ability to engage players with quirky, accessible titles amid the burgeoning browser-to-PC transition in indie gaming, fostering a dedicated fanbase via forums and early indie events like Casual Connect in 2013. In 2013, tinyBuild marked its shift toward third-party publishing with , a multiplayer developed by DoubleDutch Games, released via on August 26. This venture represented the studio's first foray beyond self-development, leveraging 's model to support external creators while reinvesting proceeds into operations. The game's grappling-hook mechanics and competitive racing appealed to the indie audience, aligning with tinyBuild's community-driven approach and solidifying its presence in the early indie ecosystem. By 2015, tinyBuild released No Time to Explain Remastered on July 17 for —offered free to original owners—and , updating the title with Unity engine improvements for better performance and visuals while preserving its chaotic humor. This remaster capped the early years, underscoring the studio's evolution from a prototype hobby project to a modest publisher with a niche following in the indie space.

Expansion into publishing (2016–2020)

In 2016, tinyBuild significantly expanded its publishing efforts, releasing key titles such as , a physics-based , and The Final Station, a post-apocalyptic survival narrative. These releases marked the company's shift toward supporting a broader range of indie developers, building on the success of earlier projects like . By focusing on innovative mechanics, tinyBuild began curating a portfolio that emphasized creative indie experiences. The year 2017 saw the launch of , a breakout stealth horror title that introduced AI-driven neighbor behavior and puzzle-solving elements, achieving viral success and establishing tinyBuild as a prominent indie publisher. In 2018, further diversified the lineup with its medieval management simulation blending crafting, resource gathering, and dark humor. These publications helped grow tinyBuild's title portfolio to dozens by 2020, with a strategic emphasis on narrative-driven and experimental indie games that prioritized unique and player engagement. To support this scaling, tinyBuild secured $3.75 million in seed funding in April 2018 from Makers Fund, which was allocated to new projects and team expansion, including internal studios. This was followed by a $15 million in February 2019 from undisclosed investors, aimed at hiring for development, production, and porting teams while fostering new franchises. The funding facilitated business growth, including office expansions beyond the to a U.S. headquarters in and additional sites in and other locations. In 2020, tinyBuild made its first major acquisitions to bolster in-house development: it purchased the team from Dynamic Pixels in July, reestablishing them as Eerie Guest Studios in , , with plans to invest over $15 million in the franchise. Later that November, the company acquired a majority stake in Ukrainian studio Hologryph for $3 million, enabling continued work on Secret Neighbor and new next-gen titles. These moves, coupled with hiring initiatives from prior funding, drove significant employee growth during the period.

Public listing and acquisitions (2021–2022)

In March 2021, tinyBuild launched its (IPO) on Stock Exchange's AIM market, listing on March 9 and raising approximately £154.4 million (about $213 million) in gross proceeds through the issuance of around 202 million shares at 169 pence each. The IPO valued the company at roughly £340 million (approximately $473 million), with the proceeds primarily intended to fuel global expansion, including investments in acquisitions and internal development capabilities. Following the IPO, tinyBuild pursued an aggressive acquisition strategy to build a portfolio of studios and intellectual properties (IPs), marking a shift toward enhancing in-house game development while maintaining its core publishing operations. The strategy began prior to the IPO with the acquisition of three studios in February 2021: We're Five Games (developers of Totally Reliable Delivery Service), Hungry Couch Games (working on ), and Moon Moose (creators of Cartel Tycoon), though specific deal values for these were not publicly disclosed individually. In June 2021, tinyBuild acquired DogHelm Studios, the one-person team behind , in a deal valued at up to $6.5 million, including cash and shares, to support sequel development and expand its indie portfolio. August saw the acquisition of , a Pasadena-based developer of the multiplayer shooter Rawmen, for up to $10.2 million in a mix of cash and shares, aimed at bolstering tinyBuild's multiplayer expertise. Later that year, in September, tinyBuild purchased Bad Pixel, the Russian studio behind the multiplayer survival shooter Deadside, for up to $17.1 million, with an initial payment of $6.5 million to integrate its team into ongoing projects. The most significant move came in November 2021, when tinyBuild acquired indie publisher Versus Evil and its QA subsidiary Red Cerberus for a total of up to $31.3 million, including an upfront $12.5 million, to combine publishing strengths and gain access to titles like series. This acquisition spree continued into 2022, with tinyBuild securing the IPs of Bossa Studios—including , , and I Am Fish—in August for an upfront payment of $3 million, allowing the company to take over development and ensure long-term support for these established franchises. In the same month, tinyBuild acquired Konfa Games, developers of Despotism 3k and the upcoming Despot's Game, for up to $5.4 million (split roughly 40% cash and 60% shares), further strengthening its roster of strategy and roguelike titles. During this period, tinyBuild published notable titles such as , a 3D developed by Splashteam, which launched in August 2022 to positive reviews for its Pikmin-inspired gameplay. The strategy emphasized creating a networked of owned studios to produce original IPs alongside third-party , reducing reliance on external partners and aiming for sustainable revenue through evergreen content. Market response to the IPO and acquisitions was initially positive, with the high valuation reflecting investor enthusiasm for tinyBuild's growth potential in the indie sector; subsequent investments focused on IP longevity, such as development and porting efforts, to capitalize on acquired assets.

Recent challenges (2023–2025)

In late 2023, tinyBuild initiated a comprehensive cost-reduction plan amid financial pressures, leading to the closure of four studios as part of efforts to streamline operations and address declining . This included the shutdown of HakJak Studios in December 2023, which had been developing titles within the universe, and the complete closure of Versus Evil on December 22, 2023, resulting in the of all its staff just days before . We're Five Games was also shuttered earlier in 2023, contributing to the broader reorganization. These actions were driven by an "incredibly challenging year" marked by a 29% year-over-year drop to $44.7 million and a $7 million EBITDA loss, exacerbated by public market volatility and underperforming acquisitions. The challenges continued into 2024, with further studio closures including Moon Moose in February and DeMagic Games in March, as tinyBuild refocused on core publishing activities and reduced overhead from prior expansions. Financially, 2024 saw revenues decline another 22% to $34.7 million, prompting additional cost-cutting measures such as pausing and selling assets like Totally Reliable Delivery Service to . Despite these headwinds, tinyBuild maintained its publishing momentum, releasing titles like Hello Engineer in 2023, DUCKSIDE in in 2024, and Broken Roads in 2024, while preparing Pigeon Simulator and the full launch of Level Zero: Extraction for 2025. In May 2025, tinyBuild hosted its Connect event, revealing launch dates for titles like Kingmakers and updates on the franchise, underscoring ongoing momentum. Strategically, tinyBuild pivoted toward emphasizing profitable intellectual properties and organic growth, divesting non-core assets and prioritizing a pipeline of high-potential games without the burden of unprofitable studios. This shift helped stabilize operations, with the company reporting improved EBITDA and gross profits in the first half of 2025, alongside a portfolio exceeding 90 titles by that year. Overall, these measures significantly reduced tinyBuild's studio network but preserved a robust slate, positioning it for recovery amid ongoing industry volatility.

Corporate structure

Current subsidiaries and studios

As of November 2025, tinyBuild maintains a network of active subsidiaries and studios that support its in-house development efforts and contribute to its publishing pipeline across various genres. These entities, primarily acquired or established between 2020 and 2022, provide specialized expertise in areas such as horror, VR, simulations, adventures, action, and strategy games, enabling tinyBuild to handle a diverse portfolio of indie titles. Animal, acquired in August 2021, is a Pasadena, California-based studio focused on mobile and PC indie games, including multiplayer experiences like the previously developed Rawmen. The studio continues to operate within tinyBuild's structure, leveraging its animation and design capabilities to support ongoing projects. Eerie Guest Studios, formed in July 2020 through the acquisition of the Hello Neighbor development team from Dynamic Pixels and based in Hilversum, Netherlands, specializes in stealth horror titles. It plays a key role in expanding the franchise, with ongoing contributions to sequels and related content that emphasize narrative-driven gameplay. Hologryph, in which tinyBuild acquired a majority stake in November 2020, is located in , , and concentrates on VR experiences and multiplayer games, including the Secret Neighbor spin-off from the series. The studio remains active, with recent work on titles like , set for release in 2025, highlighting its expertise in immersive console and PC environments. Hungry Couch Games, acquired in February 2021 and based in , , develops simulation and strategy games, such as the open-world sky-punk title . It supports tinyBuild's pipeline by focusing on innovative indie simulations that blend action and . DogHelm, acquired in June 2021, operates from , , and specializes in adventure titles with elements, exemplified by its work on . The studio, founded by solo developer Matt Dabrowski, continues to contribute expertise to tinyBuild's adventure game offerings. Bad Pixel, acquired in September 2021 and located in , , focuses on action games, particularly open-world shooters like Deadside, which saw a console release in early 2025. Its role involves enhancing tinyBuild's action-oriented development with multiplayer mechanics. Konfa Games, acquired in August 2022 and based in St. Petersburg, , develops strategy titles, including the tactical auto-battler Despot's Game. The studio bolsters tinyBuild's strategy genre capabilities through turn-based and auto-battler innovations.

Former subsidiaries and studios

tinyBuild has closed several subsidiaries and studios amid financial difficulties following its 2021 on the London Stock Exchange's AIM market, as part of broader cost-reduction efforts to address underperforming operations and mounting losses. HakJak Studios, established by tinyBuild in March 2020 in , specialized in experiences, building on the solo developer's prior work on titles like Guts and Glory. The studio was shuttered in December 2023 as part of company-wide restructuring and layoffs, with former employees confirming the sudden closure. Versus Evil, an publisher acquired by tinyBuild in 2021, was a key subsidiary known for high-profile releases including , , and ScourgeBringer. It ceased operations in December 2023, with all staff laid off just before the holidays, marking a significant reduction in tinyBuild's publishing capacity. The closure stemmed from Versus Evil's underperformance and ongoing financial strains at the parent company, though tinyBuild retained rights to its game catalog for continued support and operations. We're Five Games, acquired in February 2021 and based in , , focused on indie development, notably creating the physics-based Totally Reliable Delivery Service. The studio was closed in 2023 during tinyBuild's accelerated cost-cutting measures, with its flagship title later sold to in February 2024. Moon Moose, acquired in February 2021 and located in St. Petersburg, , developed simulation titles such as Cartel Tycoon. It was closed in February 2024 to streamline operations amid persistent revenue shortfalls and high development costs. DeMagic Games, acquired in April 2022 and based in , contributed to projects including co-development on Hello Neighbor 2 and puzzle-oriented titles. The studio was shuttered in March 2024 as part of post-year-end closures aimed at reducing overhead. These closures, totaling four studios in late 2023 and early 2024, were driven primarily by the need to cut costs after aggressive post-IPO expansion led to over $30 million in impairments and a sharp decline in share value. Some intellectual properties from these entities were integrated into tinyBuild's core portfolio to preserve value.

Products

Games developed

tinyBuild's in-house development efforts have primarily focused on creating original intellectual properties with humorous and experimental gameplay mechanics, evolving from early 2D platformers to more ambitious multiplayer and experiences. The company's core team and subsidiaries, such as tinyBuild , have handled these projects, emphasizing innovative concepts like time-travel absurdity and animal-based survival. The studio's debut title, , was developed in 2011 as a browser-based 2D featuring a surreal narrative where the player rescues their future self across bizarre timelines, initially prototyped by founders Alex Nichiporchik and Tom Brien before a full PC release. This was followed by No Time to Explain Remastered in 2015, an enhanced version rebuilt by the tinyBuild team with improved visuals, multiplayer support, and ports to consoles including , , and , alongside PC platforms like Windows, macOS, and . These early games established tinyBuild's signature style of comedic, physics-driven action. In recent years, tinyBuild shifted toward multiplayer titles through its Riga studio. Hello Engineer, released in full in 2023 after an early access debut in 2021, is a construction puzzle game set in the Hello Neighbor universe, developed in-house for up to four players on PC, PlayStation 4, Xbox One, and Nintendo Switch, where participants scavenge scrap to build machines and solve challenges in an amusement park environment. Similarly, DUCKSIDE entered early access in 2024 for PC and expanded to consoles in 2025, crafted by tinyBuild Riga using Unreal Engine 5 as a persistent-world survival game inspired by titles like DayZ and Rust, but featuring anthropomorphic ducks engaging in PVP, crafting, and base-building with humorous weaponry and hat customization. Pigeon Simulator was released on November 11, 2025, for PC and Xbox Series X|S, developed by tinyBuild Riga as a satirical open-world simulator where players control pigeons causing chaos in an urban setting, incorporating advanced flying mechanics, anomaly encounters, and social behaviors to parody simulation genres. This lineup reflects tinyBuild's progression from solo experimental adventures to collaborative, genre-blending multiplayer experiences developed internally.
GameYearPlatformsKey Development Notes
No Time to Explain2011PC (initially browser)In-house prototype by founders; surreal 2D platformer.
No Time to Explain Remastered2015PC, PlayStation 4, Xbox One, Nintendo SwitchRemake with multiplayer; expanded console ports.
Hello Engineer2023PC, PlayStation 4, Xbox One, Nintendo SwitchMultiplayer construction by tinyBuild Riga; Hello Neighbor spin-off.
DUCKSIDE2024 (Early Access, PC); 2025 (Early Access, consoles)PC, PlayStation 5, Xbox Series XS
Pigeon Simulator2025PC, Xbox Series XS

Games published

tinyBuild has established itself as a prominent publisher of indie games, focusing on third-party titles from external developers. The company handles marketing, distribution across platforms such as and consoles, and provides support for launches to help developers reach wider audiences. By 2025, tinyBuild had published over 100 titles, emphasizing premium indie games across diverse genres including action, horror, RPGs, and extraction shooters. This portfolio showcases the company's commitment to innovative, narrative-driven experiences from small teams worldwide. Key published titles include:
TitleYearDeveloperGenre
Not The Robots20132D ArrayStealth Roguelike
SpeedRunners2016DoubleDutch GamesMultiplayer Action
Clustertruck2016Landfall GamesPlatformer
The Final Station2016Do My BestPost-Apocalyptic Adventure
Hello Neighbor2017Dynamic PixelsStealth Horror
Graveyard Keeper2018Lazy Bear GamesManagement Sim/RPG
Hello Neighbor 22022Eerie GuestStealth Horror
Tinykin2022SplashteamPuzzle-Platformer
The Bookwalker: Thief of Tales2023Do My Best GamesNarrative Adventure
Broken Roads2024Drop Bear BytesPost-Apocalyptic RPG
Level Zero: Extraction2025Doghowl GamesExtraction Horror Shooter
Breakout successes like have significantly boosted tinyBuild's profile in the indie publishing space.

References

  1. https://www.tinybuild.com/
  2. https://www.crunchbase.com/organization/tinybuild-games
  3. https://www.tinybuild.com/about
  4. https://finance.yahoo.com/quote/TBLD.L/profile/
  5. https://uk.advfn.com/stock-market/london/tinybuild-TBLD/share-news/tinyBuild-Inc-2025-Half-Year-Results/96823037
  6. https://www.zoominfo.com/c/tinybuild-inc/358446474
  7. https://progressive-research.com/company/tinybuild-inc/
  8. https://pdf.dfcfw.com/pdf/H22_AN202303291584641571_1.pdf
  9. https://www.gamesindustry.biz/tinybuild-development-to-publishing-and-back-again
  10. https://investgame.net/news/tinybuild-goes-public-at-473m-valuation-2/
  11. https://boost.ingamejob.com/tinybuild-safe-space-to-work-for-passionate-gamers/
  12. https://www.tinybuild.com/games
  13. https://www.tinybuildinvestors.com/board-of-directors
  14. https://www.gamesmarket.global/new-podcast-series-tinybuild-wants-to-help-indie-developers-081a2c99638477c1890571e5c032f47c/
  15. https://www.gamesindustry.biz/tinybuild-launches-340m-ipo
  16. https://uk.finance.yahoo.com/news/atari-completes-investment-tinybuild-170000640.html
  17. https://data.fca.org.uk/artefacts/NSM/RNS/5058363.html
  18. https://www.tinybuildinvestors.com/key-shareholders
  19. https://www.research-tree.com/newsfeed/article/tinybuild-inc-preliminary-audited-results-2808558
  20. https://www.kickstarter.com/projects/1296948465/no-time-to-explain-indie-game
  21. https://www.tinybuild.com/single-post/2015/07/16/why-the-original-no-time-to-explain-sucked
  22. https://store.steampowered.com/app/207140/SpeedRunners/
  23. https://www.tinybuild.com/speedrunners-1
  24. https://store.steampowered.com/app/368730/No_Time_To_Explain_Remastered/
  25. https://www.tinybuild.com/graveyard-keeper
  26. https://app2top.com/money/tinybuild-earned-37-million-in-2020-and-its-profit-almost-doubled-187037.html
  27. https://www.geekwire.com/2018/indie-game-developer-tinybuild-bulks-3-75m-backing-new-makers-fund/
  28. https://www.gamesindustry.biz/tinybuild-raises-usd15-million-in-series-a-funding
  29. https://www.geekwire.com/2019/seattle-indie-game-developer-tinybuild-raises-15m-plans-grow-using-dynamic-structure-strategy/
  30. https://www.pocketgamer.biz/tinybuild-acquires-the-development-team-behind-hello-neighbor/
  31. https://www.tinybuild.com/single-post/hologryph-joins-tinybuild-family-will-work-on-a-new-game-for-next-gen-consoles
  32. https://www.gamesindustry.biz/tinybuild-acquires-three-studios
  33. https://naavik.co/digest/tinybuild-faces-problems/
  34. https://www.gamesindustry.biz/tinybuild-acquires-streets-of-rogue-developer-doghelm
  35. https://www.gamesindustry.biz/tinybuild-acquires-animal
  36. https://www.gamesindustry.biz/tinybuild-acquires-bad-pixel-for-usd17-1m
  37. https://www.gamesindustry.biz/tinybuild-acquires-versus-evil-and-red-cerberus-in-usd31-3m-deal
  38. https://www.gamesindustry.biz/tinybuild-acquires-bossa-studios-ips-for-3m
  39. https://www.geekwire.com/2022/seattle-area-publisher-tinybuild-buys-ip-rights-to-indie-releases-acquires-russian-developer-konfa/
  40. https://store.steampowered.com/app/1599020/Tinykin/
  41. https://www.fenwick.com/insights/experience/fenwick-represents-tinybuild-in-acquisition-of-doghelm-studios
  42. https://www.eurogamer.net/layoffs-reported-at-hello-neighbor-publisher-tinybuild
  43. https://www.pcgamer.com/tinybuild-closes-indie-publisher-versus-evil-all-staff-laid-off/
  44. https://www.gamedeveloper.com/business/tinybuild-is-cutting-jobs-after-an-incredibly-challenging-year-
  45. https://www.research-tree.com/newsfeed/article/tinybuild-inc-preliminary-unaudited-results-to-ye-31-dec-2023-2362392
  46. https://www.londonstockexchange.com/news-article/TBLD/preliminary-audited-results/16990741
  47. https://www.tinybuild.com/single-post/duckside-an-april-fools-joke-which-wasn-t-a-joke
  48. https://www.ign.com/articles/tinybuild-connect-2025-everything-announced
  49. https://www.tinybuildinvestors.com/vision-strategy
  50. https://www.research-tree.com/newsfeed/article/tinybuild-inc-2025-half-year-results-2995167
  51. https://www.gamesindustry.biz/tinybuild-acquires-hello-neighbor-developers
  52. https://www.tinybuild.com/single-post/tinybuild-acquires-we-re-five-games-hungry-couch-and-moon-moose
  53. https://www.pocketgamer.biz/tinybuild-acquires-three-new-studios/
  54. https://www.gematsu.com/companies/tinybuild/bad-pixel
  55. https://www.pocketgamer.biz/tinybuild-acquires-konfa-games-and-and-bossa-games-ip-for-a-total-of-almost-84-million/
  56. https://www.investorschronicle.co.uk/content/de6c4a90-99ce-5ca6-8a9f-2bbcf60846ad
  57. https://www.gamesindustry.biz/tinybuild-opening-new-boise-studio-with-guts-and-glory-developer
  58. https://www.techradar.com/gaming/consoles-pc/tinybuild-layoffs-lead-to-hakjak-studios-being-shutdown
  59. https://www.polygon.com/24012558/versus-evil-closure-tinybuild-banner-saga-pillars-of-eternity/
  60. https://www.gamesindustry.biz/tinybuild-lowers-revenue-forecasts-settles-legal-dispute-with-versus-evil
  61. https://www.geekwire.com/2021/seattle-area-publisher-tinybuild-acquires-three-game-development-studios/
  62. https://www.firmreturns.com/company-updates-2024-04-28/
  63. https://www.research-tree.com/newsfeed/article/tinybuild-inc-2024-half-year-results-2566832
  64. https://store.steampowered.com/app/1856190/Hello_Engineer_Scrap_Machines_Constructor/
  65. https://www.tinybuild.com/single-post/break-out-your-blueprints-hello-engineer-ea-is-here
  66. https://store.steampowered.com/app/2682580/DUCKSIDE/
  67. https://www.ign.com/articles/duckside-hands-on-preview-dayz-and-rust-inspired-open-world-survivalbut-youre-a-duck
  68. https://www.gematsu.com/2025/08/duckside-early-access-for-ps5-xbox-series-launches-september-3
  69. https://store.steampowered.com/app/1496260/Pigeon_Simulator/
  70. https://www.metacritic.com/game/pigeon-simulator/
  71. https://www.youtube.com/watch?v=Bt2euKrmzsU
  72. https://store.steampowered.com/publisher/tinybuild
  73. https://app.sensortower.com/vgi/publisher/612/tinybuild
  74. https://store.steampowered.com/app/257120/Not_The_Robots/
  75. https://www.mobygames.com/game/62875/not-the-robots/
  76. https://store.steampowered.com/app/397950/Clustertruck/
  77. https://www.tinybuild.com/clustertruck
  78. https://store.steampowered.com/app/435530/The_Final_Station/
  79. https://www.tinybuild.com/thefinalstation
  80. https://www.tinybuild.com/helloneighbor
  81. https://store.steampowered.com/app/599140/Graveyard_Keeper/
  82. https://store.steampowered.com/app/1321680/Hello_Neighbor_2/
  83. https://store.steampowered.com/app/1432100/The_Bookwalker_Thief_of_Tales/
  84. https://store.steampowered.com/app/1403440/Broken_Roads/
  85. https://store.steampowered.com/app/1456940/Level_Zero_Extraction/
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