Spill Games raises $10.5 million Series A led by Elevation Capital to scale AI-native mobile games

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. The round was reported on October 14, 2026.

Founded in 2024 by former PlaySimple Games executives Om Misra, Tapan Ranjan and Harsh Garg, Spill builds free-to-play casual, puzzle and hybrid-casual mobile games for global markets, earning revenue through advertising and in-app purchases.

The company follows a portfolio-based approach: it develops multiple game concepts and tests them with real players before deciding which titles deserve further investment, using data on player retention, engagement, monetisation and user acquisition to judge each game's performance. At the centre of this strategy is Compass, its proprietary technology platform that combines tools for analytics, player retention, monetisation and live operations.

Spill said the number of its games showing the potential to scale profitably has doubled from three to six in less than three months. It credits AI-led processes, which it says have made game development around four times faster than traditional approaches by cutting the time needed to build and test games.

"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.

The fresh capital will go toward expanding games showing promising performance, developing new titles, strengthening technology and AI capabilities, investing in user acquisition and selectively hiring more employees. The round follows Spill's $3.1 million seed round in April 2026.