# Reforged Studios

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/reforged-studios

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.reforgedstudios.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Oct 27, 2015)
- Investors on record: 1

## About

Reforged Studios is a gaming company specializing in innovative online gambling solutions, delivering a variety of digital gaming experiences that include online slot machines, baccarat, and engaging game formats tailored for diverse player demographics.Founded in 2015 and headquartered in Helsinki, Finland, Reforged Studios creates online gambling platforms focused on diverse digital gaming experiences. The company successfully completed its Seed funding round in October 2015, raising USD 2.5 mn from Sanren Capital. The CEO, Maya Kylmamaa, leads the firm which has executed a single deal to date.Reforged Studios specializes in online gambling solutions, focusing primarily on a diverse range of digital gaming experiences including online slot machines, baccarat, and unique game formats such as online shooting fish games. Their product offerings are designed to provide users with immersive and visually striking experiences that capitalize on the allure of casino environments. Targeted at both casual and high-stakes gamblers, these gaming solutions cater to a broad demographic, including individuals seeking entertainment and those pursuing profit through competitive gaming. The company has established a presence in key markets such as Southeast Asia and Europe, where online gambling remains a popular and growing pastime. The core functionalities of these platforms, including user-friendly interfaces and algorithm-driven experiences, aim to enhance player engagement and retention.In 2018, Reforged Studios reported a revenue of USD 1,660,412.70 and an EBITDA of USD 236,998. The company generates revenue primarily through transactional models, including subscriptions and direct-to-consumer sales of their gaming products. Customers can subscribe to monthly plans that offer exclusive access to new game releases or special bonuses, while one-time purchases may include in-game credits or special features within their online slots and other gaming formats. The firm operates in a business-to-consumer (B2C) model, directly interacting with end users who are looking for thrilling gaming experiences. These revenue streams are complemented by partnerships with online betting platforms and casinos that host their games, allowing for a wider distribution of their digital products in regulated markets.Reforged Studios plans to leverage its recent funding of USD 2.5 mn raised in October 2015 to support the development of upcoming gaming products and expand its market presence. The company is currently working on introducing new game formats that are expected to launch in the coming quarters. Additionally, Reforged Studios aims to enter new markets, specifically targeting regions in North America and Latin America by 2025, capitalizing on the growing acceptance of online gambling in these areas.

## Funding rounds

- Seed, Oct 27, 2015, $2.5M — Sanren Capital

## Investors

- Sanren Capital (https://capitalatlas.ai/funds/sanren-capital) — Seed