“We strongly believe that India’s emergence as an upcoming global leader in gaming, and its ability to develop best-in-class talent in the F2P gaming industry, will provide us with long-term structural benefits,” said Joseph Kim, CEO of Leela Games. round.Īngel investors including Polygon Studios CEO Ryan Watt, Moonfrog Labs co-founder Tanay Tayal and Thomas Wu, one of the executive producers of Arcane, the animated series on Netflix, League of Legends were also part of the round. Bitcraft Ventures, Galaxy Interactive, Sequoia Capital and South Korean gaming giant Crafton Inc also participated. Whether you read our articles, listen to our podcasts, or watch our videos, Gamesbeat will help you understand the topic and encourage conversation.īengaluru-based mobile game development studio Leela Games has raised $10 million Series A funding led by Rainfall Ventures, the company said on March 16. When it comes to gaming, Gamesbeat’s philosophy is “where passion meets business.” what does this mean? We want to inform you how the news affects you, not only as a game participant in a gaming facility, but as a developer of the game. Similar to the company, Kim hopes to use his team in India to build games for the worldwide market. Kim said this is a good time to raise funds in gaming as the pandemic intensifies and investors are pouring money into gaming companies. I personally was very excited about India developing an opportunity platform there.” “And in India, we realized that there were many people who wanted to be the best, but didn’t have that opportunity. Kim said this is an opportunity to take gaming in the right direction. Kim said the organization has identified many individuals around the world who are excellent in their craft, and setting up a team in India would be one way to build on that potential. When we saw the prospect of developing a new studio, we were particularly thrilled by the fact that there was a lot of labor. “At that point, a lot of business is coming up based on what is happening around the world. “We started the company to try and establish a different kind of organization,” Kim said. The first game, ‘Black’ will redefine the mobile shooter genre, which I am sure and happy to say. “Our confidence in the Leela Games vision has grown ever since we launched the seed rounds early last year. “Very rarely have I seen a team that is so thrilled to grow a company with a culture and level of execution excellence that is best in class,” said Jens Hilgers, Founding General Partner, Bitcraft Ventures. Kim combines his years of experience to create a highly social survival/smash game.
Kim is the former head of Sega and former studio lead at FunPlus, Paul Layden, former lead game designer at FunPlus and MZ, and June Gaming alumnus Avinash Pandey and Y Combinator. When we looked at the possibility of building a new studio, we saw that there was a very clever labor force. Considering what is happening around the world, we are starting to see companies emerging in different directions. Kim said that we started the company to develop a different type of organization. In an interview with Gamesbeat, Leela Games will use the funds to develop its first title and further expand its Bangalore, India-based team. Aspects include Polygon Studios CEO Ryan Wyatt, Moonfrog Labs CEO Tanay Tayal, and Arcane: League of Legends creator Thomas Wu. The round was dominated by rain, and other investors included Bitcraft Ventures, Galaxy Interactive, Sequoia Capital and Crafton. The company is targeting game developers in India to make its games, and it maintains a large presence in Bangalore, India.
The team is working on a mobile shooter game. $10 million in funding has been raised for the free-to-play mobile game studio.
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