The company was founded in 2019. The company specializes in creating tactical and strategic games with elements commonly seen in role-playing games. As a publisher, Hooded Horse will allocate a budget of at least $100,000 for localization and marketing for each project, and developers can retain 65% of all revenues generated following a game's release.[1][2] Early games published by Hooded Horse include Terra Invicta, a grand strategy game from Pavonis Interactive, the studio behind the Long War mods for modern XCOM games, and Workers & Resources: Soviet Republic from 3Division. It then signed with Mohawk Games for the development of Old World, after the original publisher Starbreeze Studios abandoned the project as it encountered financial difficulties.[3]
By 2023, the publisher had a total of 12 employees, and had published 20 games, most of which were released through Steam's early access program.[1]Against the Storm was released in late 2023 to critical acclaim, and had sold over 1 million copies by March 2024.[4] The company is set to publish Xenonauts 2 (released through early access in 2023),[5]Manor Lords (released through early access in April 2024),[6] and Nova Roma from Lion Shield, the developer behind Kingdoms and Castles, among others.[7]