Updated Mar 17, 2026 by tinyBuild
tinyBuild debuted on the London Stock Exchange’s AIM market in March 2021 with a market capitalization of £340.6 million, raising £28.6 million in net proceeds to fund acquisitions and a 23-title development pipeline.
The company demonstrated significant financial growth between 2017 and 2019, with annual revenues increasing from $11.9 million to $28.0 million.
Revenue is highly concentrated, with the top five titles accounting for 70% of H1 2020 revenue and the back catalogue contributing nearly 80% of total 2019 revenue.
The business model relies on an 'acquihire' strategy to integrate development partners and utilizes a global footprint to access cost-effective talent, while maintaining a strong liquidity position of $21.3 million in cash as of mid-2020.
Founders Alex Nichiporchik and Luke Burtis retain a 45.3% stake in the company, which operates under a complex regulatory framework requiring U.S. Regulation S, Category 3 restrictions on share sales.
The company faces operational risks due to a heavy dependency on seven third-party distribution platforms for its product delivery.
tinyBuild debuted on the London Stock Exchange’s AIM market in March 2021 with a market capitalization of £340.6 million, raising £28.6 million in net proceeds to fund acquisitions and a 23-title development pipeline.
The company demonstrated significant financial growth between 2017 and 2019, with annual revenues increasing from $11.9 million to $28.0 million.
Revenue is highly concentrated, with the top five titles accounting for 70% of H1 2020 revenue and the back catalogue contributing nearly 80% of total 2019 revenue.
The business model relies on an 'acquihire' strategy to integrate development partners and utilizes a global footprint to access cost-effective talent, while maintaining a strong liquidity position of $21.3 million in cash as of mid-2020.
Founders Alex Nichiporchik and Luke Burtis retain a 45.3% stake in the company, which operates under a complex regulatory framework requiring U.S. Regulation S, Category 3 restrictions on share sales.
The company faces operational risks due to a heavy dependency on seven third-party distribution platforms for its product delivery.