Stillfront Group- Growing from $20 Million to $2 Billion Market Capitalisation
summary
Stillfront grows from $20M to $2B in five years mainly by buying profitable, founder-led studios, keeping each studio autonomous and avoiding forced tech integrations — only central financial checks and a shared analytics feed. The group houses ~14 studios, ~850 people, and just 14 central staff, runs about 50 cross-studio collaborations (40 active), and closes deals like Candywriter (~$195M including earnouts). Acquisition filters: culture fit, niche product, a few million revenue and ~€/$1M profit, and studio readiness for a sale.
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