Lila Games raises $10M round for free-to-play mobile game studio in India
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Lila Games has raised $10 million in funding for its free-to-play mobile game studio. The team is working on a mobile shooter game.
The company is tapping game developers in India to build its games, and it is maintaining a big presence in Bangalore, India.
Rainfall led the round, and other investors included Bitkraft Ventures, Galaxy Interactive, Sequoia Capital, and Krafton. In addition, notable angel investors also participated including Ryan Wyatt, CEO of Polygon Studios; Tanay Tayal, CEO of Moonfrog Labs, and Thomas Vu, producer of Arcane: League of Legends.
Lila Games will use the investment to develop their first title and to further build out their Bangalore, India-based team, said Joseph Kim, CEO and cofounder of Lila Games, in an interview with GamesBeat.
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“We started the company to try and create a different type of organization. So I had been working in mobile game publishing for a number of years, and I just felt that there was a better way to structure and organize and create a different kind of company,” Kim said. “Given what’s happening in the world, today, we’re starting to see a lot of companies springing up in different areas. When we thought about potential opportunities to build a new studio, we looked at India and we felt very encouraged by the fact that there was a very smart labor force there. ”
Kim, former chief product officer at Sega and ex-studio lead at FunPlus; Paul Leydon, former lead game designer at FunPlus and MZ; and Avinash Pandey, previous cofounder of June Gaming and a Y Combinator alumni. Previously having launched top-grossing mobile game titles such
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