Hacksaw Gaming launches venture capital arm
Table of contents
- Stockholm-listed slot developer Hacksaw Gaming unveils Hacksaw Ventures to invest in early-stage gaming companies.
- The initiative targets game studios, data tooling firms, and next-generation entertainment concepts.
- Founders gain access to Hacksaw’s global operator network, compliance infrastructure, and product expertise.
Hacksaw AB (STO: HACK) has launched Hacksaw Ventures, an investment and acceleration division designed to back early-stage companies across the gaming ecosystem.
The Malta-headquartered, Nasdaq Stockholm-listed supplier confirmed the new arm yesterday (March 11).
The programme offers both capital and hands-on strategic support. It marks a notable shift for a company that has, until now, focused almost exclusively on organic growth through its proprietary remote gaming server platform and in-house slot development pipeline.
What Hacksaw Ventures offers
Hacksaw Ventures will target what the company describes as bold, early-stage companies operating in game development studios, technology platforms, data tooling, and next-generation entertainment formats.
The division sits alongside Hacksaw’s existing OpenRGS platform, which already hosts third-party studios distributing content through Hacksaw’s operator network.
Marcus Cordes, Operational CEO at Hacksaw Gaming, said:
“With Hacksaw Ventures, we’re ready to back visionary founders who want to disrupt the gaming landscape. We understand the challenges you face and know the steps needed to reach your goals. When we back you, we plug you directly into an ecosystem built for scale, leveraging our position as one of the world’s fastest-growing content providers and our extensive distribution network spanning top-tier operators in regulated markets.”
Beyond funding, the company promises hands-on guidance in product development, regulatory compliance, and marketing strategy.
Portfolio companies will also plug into Hacksaw’s distribution infrastructure, potentially cutting go-to-market timelines for startups that would otherwise face lengthy integration processes with operators.
Financial backdrop
The launch comes at a time when Hacksaw is generating significant cash flow from its core operations. The company reported full-year 2025 revenue of €197.5 million, up 44% year-on-year. Profit for the full year reached €142.8 million, up from €109.4 million.
Hacksaw listed on Nasdaq Stockholm in June 2025 through a sale of existing shares priced at SEK 77 each. Today, the company is trading at SEK 58.63.
The supplier’s board has also proposed a €0.40 per share dividend for the upcoming annual general meeting. Hacksaw has a stated policy of returning at least 75% of net income annually through dividends or share buybacks.
That combination of high margins and a relatively asset-light model gives Hacksaw room to deploy capital into portfolio companies without diverting resources from its core slot and instant-win development business.
Industry context
Hacksaw is not the first iGaming supplier to invest in adjacent businesses, but its approach is distinctive. Established suppliers have historically pursued acquisitions to expand capabilities or gain market share.
By contrast, Hacksaw’s model resembles a corporate accelerator, offering mentorship and network access rather than outright buyouts.
The initiative also arrives as smaller studios face mounting barriers to entry in regulated markets. Compliance costs, certification requirements, and the complexity of multi-jurisdictional licensing make it increasingly difficult for early-stage developers to reach operators independently.
A partnership with a supplier already licensed by the MGA, UKGC, Spelinspektionen, and the Isle of Man GSC could significantly reduce those hurdles.
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