Bengaluru-based mobile gaming studio Spill Games has raised $10.5 million in a Series A funding round led by Elevation Capital, with existing investors Centre Court Capital and PeerCapital also participating.
Spill was founded in 2024 by Om Misra, Tapan Ranjan and Harsh Garg, all former executives of PlaySimple Games. It makes free-to-play casual, puzzle and hybrid-casual games for players outside India, and earns money through advertising and in-app purchases.
The startup said the number of its games showing potential to scale profitably has doubled from three to six in less than three months.
Spill plans to use the fresh capital to expand the games that are already performing well, develop new titles, strengthen its technology and AI capabilities, invest in user acquisition and hire selectively. Its portfolio includes Cozy Finds, Sticker by Number, Zen Math Crossword, Bird Rescue Jam and Grill Master.
"We build what excites us, put it in front of players quickly and let their response guide us," Om Misra, co-founder and CEO of Spill Games, said.
Spill follows a portfolio approach. It builds several game concepts, puts them in front of players and then decides which ones deserve more money, based on data on player retention, engagement, monetisation and the cost of acquiring users.
At the centre of this is Compass, its in-house technology platform, which brings together tools for analytics, player retention, monetisation and live operations. The startup said its AI-led processes have made game development around four times faster than traditional approaches.
"We believe the next decade will see the rise of AI-native gaming studios that pair AI with strong product instinct, data and rapid experimentation," said Manish Advani, principal at Elevation Capital.
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