Valhalla Game Studios International Ltd. was a video game development, entertainment and holding company.

It was founded in 2008 as Valhalla Game Studios Co., Ltd. in Tokyo, Japan. An international division was later founded in British Columbia, Canada, which acquired all intellectual property and shares of the original Valhalla Game Studios and other affiliates, effectively making them subsidiaries of the Canadian company. To differentiate, the original Valhalla Game Studios is alternatively referred to as VGS Japan. VGS Japan is best known for Devil's Third, their flagship title which went through a long development cycle.

Valhalla's parent company, Wake Up Interactive, was acquired by Tencent for $44 million in November 2021. The following month, Wake Up merged the staff and operations of Valhalla Game Studios into another subsidiary, Soleil Ltd., effectively closing down Valhalla.