The company was founded on 19 September 2002, by Stephan Winter, Eike Radunz and Alexander Frey and has about 50 employees.

Also for Ubisoft, they developed Might & Magic Heroes VI in collaboration with Black Hole Entertainment and Virtuos.

In August 2014, Ubisoft announced that it would produce Might & Magic Heroes VII in cooperation with Limbic Entertainment.

Other jobs, as for example graphics, are usually outsourced (in case of Might and Magic X: Legacy they collaborated with Ubisoft Chengdu and Liquid Development).

[15] Bandai Namco Holdings acquired a minority stake in Limbic in February 2021[16] and became majority stakeholder in October 2022.