Get All Access for $5/mo

Mobile Game Development Startup LILA Games Raises $10 Million in Series A The Bengaluru-based company will use the investment to develop its first title and to further build out its India team

By S Shanthi

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Unsplash

LILA Games, a F2P mobile game studio, announced a $10 million Series A financing round. The round was led by Rainfall and included participation from BITKRAFT Ventures, Galaxy Interactive, Sequoia Capital, and KRAFTON, Inc. Angel investors including 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.

The Bengaluru-based startup will use the investment to develop its first title and to further build out its India team. LILA Games was founded by Joseph Kim, former Chief Product Officer at SEGA and Studio Lead at FunPlus; Paul Leydon, former lead game designer at FunPlus and MZ, and Avinash Pandey, previous Co-Founder of JUNE Gaming & Ycombinator Alumni. The tam has previously launched mobile game titles such as King of Avalon and Game of War.

"LILA Games aspires to build a different kind of organization with a culture that enables learning, focuses as much on organizational improvement as well as product improvement, and provides equal opportunities. We strongly believe that 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 long-term structural advantage," said Joseph Kim, CEO, LILA Games.

"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. Our confidence in LILA Games' vision is unchanged but our confidence in the team has only been growing ever since we led the Seed Round early last year. 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," added Jens Hilgers, founding general partner, BITKRAFT Ventures.

S Shanthi

Entrepreneur Staff

Former Senior Assistant Editor

Shanthi specializes in writing sector-specific trends, interviews and startup profiles. She has worked as a feature writer for over a decade in several print and digital media companies. 

 

Growing a Business

The Top 5 AI Tools That Can Revolutionize Your Workflow and Boost Productivity

Discover the top 5 AI tools for marketing and content creation that every marketer needs to know.

Science & Technology

No More ChatGPT? Here's Why Small Language Models Are Stealing the AI Spotlight

Entrepreneurs can leverage this growing tech to create innovative, efficient and targeted AI solutions.

Franchises

Dixon Technologies Acquires 56% Stake in Ismartu India

Dixon Technologies offers electronic manufacturing services for diverse products, including lighting solutions, televisions, washing machines, security systems, and wearables.

Business News

Jake Paul Says He's 'Scared' to Fight Mike Tyson, But This Mindset Hack Helps Him 'Embrace' Fear and Make Millions: 'Let It Fuel You'

The social media star and "W" founder spoke to Entrepreneur about his latest ventures in boxing and business.

Franchise

Four Takeaways for the Franchise Industry From My Time at the Republican National Convention

Matt Haller, President and CEO of the IFA, says the stakes are high for franchisors and franchisees in the upcoming presidential election.

Business News

Google Lays Off Hundreds of 'Core' Employees, Relocates Others Overseas

The layoffs were announced days before Google's parent company, Alphabet, announced its Q1 2024 earnings.