Ironwood Studios

Ironwood Studios, based in Seattle, Washington, develops video games focused on surreal settings and compelling gameplay that emphasizes player-driven stories. The studio, which prioritizes sustainable work practices and invests in efficient game building tools, launched its debut title, Pacific Drive, a survival driving game, across Steam, Epic Games Store, and PlayStation 5 in February 2024. Operating with 11-20 employees, Ironwood Studios generates an estimated annual revenue of $1.45 million and holds an estimated valuation of $4.7 million. The company recently secured $4 million in seed funding, led by Lifelike Capital, to support the development of its next project. Ironwood Studios was founded in late 2019 by Alex Dracott, who serves as Creative Director alongside CEO Cassandra Dracott. Its business model centers on self-funded initially with no external funding until recently, generates revenue through game sales, with estimated annual revenue of $1.45 million.