[Funding alert] F2P mobile game studio LILA Games raises $10M in Series A led by Rainfall Ventures

Bengaluru-based F2P cellular recreation studio LILA Video games on Wednesday introduced a $10 million Collection A funding spherical led by Rainfall Ventures. It additionally noticed participation from Bitkraft Ventures, Galaxy Interactive, Sequoia Capital India, and Krafton.

In addition to, angel buyers, together with Ryan Wyatt (CEO of Polygon Studios), Tanay Tayal (Co-founder and CEO of Moonfrog Labs), and Thomas Vu (Producer of Arcane: League of Legends), additionally participated. 

In response to a press release, LILA Video games will use the contemporary funding to develop its first F2P shooter recreation title, with deep social hooks, and construct its Bengaluru-based staff.  

Talking on the funding, Joseph Kim, CEO of LILA Video games, stated,

“LILA Video games aspires to construct a special type of organisation with a tradition that permits studying, focuses as a lot on organisational enchancment and product enchancment, and gives equal alternatives. We strongly consider the emergence of India as an upcoming world chief in gaming, and its potential to develop best-in-class expertise within the F2P gaming trade will give us long-term structural benefit.”

Based in 2020 by Joseph Kim, Paul Leydon, and Avinash Pandey, the cellular gaming studio seeks to construct extremely emotional recreation merchandise. It’s on a mission to create a brand new type of organisation targeted on creating alternatives for folks to grow to be their very best. At current, it’s engaged on a novel FPS shooter title.

LILA Video games’ founders have collectively developed a number of top-grossing cellular video games which have amassed a whole lot of hundreds of thousands of gamers.

In November 2020, the gaming startup secured $2.8 million in its seed spherical to broaden its hiring and set up its studio in India.

“Very not often have I seen a staff that’s so obsessive about constructing an organization round a imaginative and prescient with tradition first and a stage of executional excellence that stands finest at school. LILA’s first recreation ‘BLACK’ will redefine the cellular shooter style, which I can say with certainty and pleasure whereas I witness the sport coming collectively,” commented Jens Hilgers, Founding Common Companion at BITKRAFT Ventures.

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