When was Steel Wool Studios founded?

Steel Wool Studios was founded in 2012 and raised its 1st funding round 4 years after it was founded.

Where is Steel Wool Studios located?

Steel Wool Studios is headquartered in Oakland, United States.

Who is the current CEO of Steel Wool Studios?

Andrew Dayton of Steel Wool Studios. They have also founded 1 company.

How many employees does Steel Wool Studios have?

As of May 31, 2026, the latest employee count at Steel Wool Studios is 84.

Is Steel Wool Studios a funded company?

Steel Wool Studios is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Aug 31, 2016.

When was the latest funding round of Steel Wool Studios?

Steel Wool Studios' latest funding was a $***** Series A round on Aug 31, 2016, with participation from 1 investor. Its primary sector is PC & Console Gaming. In United States, the PC & Console Gaming sector has seen $47.8M in funding in 2026 to date.

Where does Steel Wool Studios rank among its competitors?

Steel Wool Studios ranks 11th amongst 659 active competitors, of which 90 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Spellbook, which secured $50M in Oct, 2025.

Who are the top competitors of Steel Wool Studios?

Steel Wool Studios' top competitors include CCP Games, Resolution Games and Survios. Among them, Spellbook secured the most recent funding round in October, 2025.

Steel Wool Studios - 2026 Company Profile, Team, Funding & Competitors

Steel Wool Studios is a series A company based in Oakland (United States), founded in 2012 by Andrew Dayton and Jason Topolski. It operates as a VR game development studio. Steel Wool Studios has raised $5M in funding. The company has 659 active competitors, including 90 funded and 43 that have exited. Its top competitors include companies like CCP Games, Resolution Games and Survios.

Company Details

Steel Wool Games(previously Steel Wool Games) is a VR game development studio focusing on casual games. The studio has developed multiple games including "Quar: Battle For Gate 18" - a turn-based action strategy game and "Bounce" - a VR casual game. The games are available on the Steam and Oculus store. It generates revenue through the paid games.

Website: steelwoolstudios.com
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Key Metrics

Founded Year

2012

Location

Oakland, United States

Stage

Series A

Total Funding

$5M in 1 round

Latest Funding Round

Series A, Aug 31, 2016, $*****

Investors

HTC Corporation

Ranked

11^th among 659 active competitors

Employee Count

84 as on May 31, 2026

Similar Companies

CCP Games & 876 more

View Steel Wool Studios' full profile

Steel Wool Studios has raised a total funding of $5M over 1 round. Its latest funding round was a Series A round on Aug 31, 2016 for $*****. 1 investor participated in its latest round. Steel Wool Studios has 1 institutional investor.

Here is the list of recent funding rounds of Steel Wool Studios:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 31, 2016	1588734	Series A	6909547	2293968	4813335	2944995

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View details of Steel Wool Studios's funding rounds and investors

The founders of Steel Wool Studios are Andrew Dayton and Jason Topolski. Andrew Dayton is the CEO of Steel Wool Studios.

Here are the details of Steel Wool Studios' key team members:

Andrew Dayton: Co-Founder & CEO of Steel Wool Studios and founder of 1 other company.
Contact Info: 1 email address
Jason Topolski: Co-Founder of Steel Wool Studios and founder of 1 other company.

View details of Steel Wool Studios's Founder profiles and Board Members

Steel Wool Studios' employee count trend

Steel Wool Studios has 84 employees as of May 26. Here is Steel Wool Studios's employee count trend over the years:

Employee count trend for Steel Wool Studios

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Top competitors of Steel Wool Studios include CCP Games, Resolution Games and Survios. Here is the list of Top 10 competitors of Steel Wool Studios, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CCP Games 1997, Reykjavik (Iceland), Acquired	Developer of science fiction massively multiplayer online role-playing and strategy games	$106M	Andreessen Horowitz, New Enterprise Associates ... & 14 others	79/100
2nd	Resolution Games 2015, Stockholm (Sweden), Series C	VR gaming development studio	$38.5M	Google Ventures, MizMaa & 16 others	70/100
3rd	Survios 2013, Los Angeles (United States), Series C	Developer of games and applications for virtual reality devices	$70.9M	Shasta Ventures, MGM Studios & 21 others	61/100
4th	Fast Travel Games 2016, Stockholm (Sweden), Series B	VR game development studio for PC and console platforms	$10.1M	Handelsbanken, Industrifonden & 5 others	60/100
5th	nDreams 2006, Farnborough (United Kingdom), Acquired	Developer of virtual reality games for various gaming hardware platforms	$46.7M	Mercia, Aonic & 25 others	60/100
6th	Pahdo Labs 2021, New York City (United States), Series A	Provider of anime-style action MMORPG and game creation platform	$17.5M	Andreessen Horowitz, BoxGroup & 10 others	60/100
7th	Guerrilla Games 2000, Amsterdam (Netherlands), Acquired	Game development studio based in the Netherlands	-	-	58/100
8th	Spellbook 2001, Springfield (United States), Acquired	Independent video game development studio	$50M	Khosla Ventures, Threshold & 5 others	57/100
9th	Owlchemy Labs 2010, Austin (United States), Acquired	XR studio crafting playful VR games and experiences with spatial interactions	$5M	Qualcomm Ventures, HTC Corporation & 3 others	55/100
10th	Polyarc Games 2015, Seattle (United States), Series B	VR game developer creating immersive experiences with heart and innovation	$17.5M	Hiro Capital, UCCVR & 3 others	54/100
11th	Steel Wool Studios 2012, Oakland (United States), Series A	VR game development studio	$5M	HTC Corporation	54/100