Game developer Lila Games has recently raised $10 million in its Series A funding round. The Indian company is using the new funding to create a new NFT shooter game they call “Project B.L.A.C.K”
Leading investors included Rainfall, Bitkraft Ventures, and Galaxy Interactive. Sequoia Capital and Krafton also poured funds into the gaming company.
Angel investors included Ryan Wyatt, CEO of Polygon Studios. Tanay Tayal, CEO and co-founder of Moonfrog Labs, as well as, Thomas Vu, League of Legends producer, also made initial investments. Angel investors are those that provide seed funding for small startups.
Lila Games is Building Project B.L.A.C.K
Game creator Lila Games plans to use the funds to grow its team and develop its first game “Project B.L.A.C.K.” The team describes Project B.L.A.C.K as “the most ambitious mobile F2P shooter game ever designed.”
“Lila Games aspires to build a different kind of organization with a culture that enables learning,” said the game dev’s CEO Joseph Kim.
Kim wants his team to focus on both improving their organization as well as their products. They also want to give equal opportunities. Plus, the CEO believes that India will be a global leader in gaming. To recall, the country has already established itself as a potential hub for game streaming through Loco. It’s the platform that presented itself as the “Twitch for India.”
The game developer focuses on developing F2P (free-to-play) mobile games. The company has previously raised $2.8 million in its seed funding round. Back then, their primary investor was Bitkraft Ventures, which also returns to invest in Lila Games’ recent Series A funding round.