Bengaluru-based F2P mobile game studio LILA Games announced a $10 million Series A funding round. The round was led by Rainfall Ventures. LILA Games also saw participation from Bitkraft Ventures, Galaxy Interactive, Sequoia Capital India, and Krafton.
The angel investors are Ryan Wyatt (CEO of Polygon Studios), Tanay Tayal (Co-founder and CEO of Moonfrog Labs), and Thomas Vu (Producer of Arcane: League of Legends), also participated in the round.
LILA Games will utilize the fresh fundings in the following ways:
- to develop its first F2P shooter game title, with deep social hooks, and
- build its Bengaluru-based team.
LILA Games was founded in 2020 by Joseph Kim, Paul Leydon, and Avinash Pandey. It sees its future in creating new kinds of opportunities for people for their best. Currently, it is running its head in building the FPS shooter title.
LILA Games has developed multiple top-grossing mobile games that have blown the minds of hundreds of millions of players.
Prior to this, in November 2020, the gaming startup raised $2.8 million in its seed round funding. The vision for the same is to expand its hiring and establish its studio in the home country-India.
Executive opinion:
Joseph Kim, CEO of LILA Games, said, “LILA Games aspires to build a different kind of organization with a culture that enables learning, focuses as much on organizational improvement and product improvement, and provides equal opportunities. We strongly believe the emergence of India as an upcoming global leader in gaming and its potential to develop best-in-class talent in the F2P gaming industry will give us a long-term structural advantage.”
“Very rarely have I seen a team that is so obsessed with building a company around a vision with culture first and a level of executional excellence that stands best in class. LILA’s first game ‘BLACK’ will redefine the mobile shooter genre, which I can say with certainty and excitement while I witness the game coming together,” commented Jens Hilgers, Founding General Partner at BITKRAFT Ventures.
