When was Evolution Studios founded?

Evolution Studios was founded in 1999.

Where is Evolution Studios located?

Evolution Studios is headquartered in Oxford, United Kingdom.

How many employees does Evolution Studios have?

As of Sep 30, 2026, the latest employee count at Evolution Studios is 22.

Where does Evolution Studios rank among its competitors?

Evolution Studios ranks 792nd amongst 3003 active competitors, of which 145 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Atari, which secured $16.2M in Aug, 2026.

Who are the top competitors of Evolution Studios?

Evolution Studios' top competitors include Team17, Nexon and Atari. Among them, Atari secured the most recent funding round in August, 2026.

Evolution Studios - 2026 Company Profile, Team, Competitors & Financials

Evolution Studios is an acquired company based in Oxford (United Kingdom), founded in 1999 by Ian Hetherington and Sinical El. It operates as a Video game developer. The company has 3003 active competitors, including 145 funded and 167 that have exited. Its top competitors include companies like Team17, Nexon and Atari.

Company Details

Evolution Studios is a video game developer founded in 1999 by Martin Kenwright and Ian Hetherington. The company developed a racing demo on PC, depicting multiple rally cars racing on a circuit with cockpit views, which was subsequently picked up by Sony as it was interested in a PlayStation 2 game based on the World Rally Championship licence. Both Evolution and their satellite studio, Bigbig Studios, in Warwickshire were acquired by Sony Computer Entertainment in September 2007. The company was then acquired by Codemasters in 2016 when Sony announced that Evolution Studios was closed.

Website: www.evos.net/
Email ID: *****@evos.net

Key Metrics

Founded Year

1999

Location

Oxford, United Kingdom

Stage

Acquired

Ranked

792^nd among 3003 active competitors

Employee Count

22 as on Sep 30, 2026

Similar Companies

Team17 & 3475 more

Exit Details

Acquired by Codemasters (Apr 11, 2016)

View Evolution Studios' full profile

Evolution Studios is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SONY INTERACTIVE ENTERTAINMENT DIRECT EUROPE LIMITED CIN: "03754597 , Germany, Active	Apr 19, 1999	-	-

Evolution Studios got acquired by Codemasters on Apr 11, 2016.

Click here to take a look at Evolution Studios's acquisition in detail

Evolution Studios has not raised any funding rounds yet.

The founders of Evolution Studios are Ian Hetherington and Sinical El.

Here are the details of Evolution Studios' key team members:

Ian Hetherington: Former Co-Founder of Evolution Studios and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Sinical El: Founder/Owner/Head Engineer of Evolution Studios.

View details of Evolution Studios's Founder profiles and Board Members

Evolution Studios' employee count trend

Evolution Studios has 22 employees as of Sep 26. Here is Evolution Studios's employee count trend over the years:

Employee count trend for Evolution Studios

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Top competitors of Evolution Studios include Team17, Nexon and Atari. Here is the list of Top 10 competitors of Evolution Studios, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Team17 1990, Wakefield (United Kingdom), Public	Developer of indie games across multiple platforms and genres	$21.8M	Herald Investment Management, LDC & 2 others	75/100
2nd	Nexon 1994, El Segundo (United States), Public	Developer and publisher of online multi-player games	-	SoftBank Group, Public Investment Fund & 2 others	75/100
3rd	Atari 1972, New York City (United States), Public	Developer and publisher of casual casino PC games	-	Galileo Partners, Batuta Capital Advisors ... & 7 others	70/100
4th	Thatgamecompany 2006, Santa Monica (United States), Series D	Developer of PC and mobile-based games	$172M	Sequoia Capital, TPG & 8 others	69/100
5th	Nintendo 1980, Redmond (United States), Public	Consumer electronics and game development company	-	Black Capital Investments, ValueAct Capital ... & 3 others	69/100
6th	Rec Room 2016, Seattle (United States), Series F	Developer of a social application featuring user-generated games and experiences	$351M	Index Ventures, Sequoia Capital & 18 others	68/100
7th	Amber 2013, Bucharest (Romania), Series B	Games development studio and service provider	$20M	Emona Capital, Mayfield	64/100
8th	SNK Corporation 2001, Tokyo (Japan), Acquired	Developer and publisher of games	-	Public Investment Fund, Alpen Route & 1 others	63/100
9th	Kunlun 2008, Beijing (China), Public	Developer and distributer of online games	$8.12M	Pu Yao Jiu Zhou Fund Management, Sequoia Capital ... & 5 others	62/100
10th	Second Dinner 2018, Tustin (United States), Series B	Independent game development studio	$130M	NetEase Games, Griffin Gaming Partners & 1 others	62/100
792nd	Evolution Studios 1999, Oxford (United Kingdom), Acquired	Video game developer	-	-	28/100