Observed Signal · Oct 26, 2026 · Funding · Source: techcrunch · Impact: 3/5 · Sentiment: Positive
Matiks Raises $10M to Expand Math Gaming Platform
Matiks, an India-based gaming startup, has raised $10 million in pre-Series A funding led by General Catalyst. The round also saw participation from Indian entrepreneur Ronnie Screwvala and existing investors InfoEdge Ventures, Tanglin Venture Partners, and Untitled Ventures. The company has now raised over $13.5 million to date. Matiks offers a mobile app focused on math, logic, and puzzle games, allowing users to compete against bots and real players. The platform has seen significant growth this year, with daily users rising from 22,000 to over 300,000 by September, and 2.2 million monthly active users. The company plans to use the funding to expand into new markets and scale its experimental game-creation platform, Jelo, which allows users to create their own games using AI. The startup, founded by Sudhanshu Bhatia, Mohan Kumar, and Sushant Timmapur, is positioned against the backdrop of AI-saturated content, offering a "brain-training" alternative.
A notable funding round for a growing gaming platform with strong user traction, indicating investor confidence in the brain-gaming niche and potential for advertising monetization in the future.
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Key Takeaways & Evidence Grounding
- Matiks raises $10 million in pre-Series A funding led by General Catalyst.
- Participation from Ronnie Screwvala, InfoEdge Ventures, Tanglin Venture Partners, and Untitled Ventures.
- Daily users grew from 22,000 to over 300,000 by September, with 2.2 million monthly active users.
- Company has raised over $13.5 million to date.
- Matiks launched Jelo, an experimental AI-powered game-creation platform.
Connected Companies & Entities
2 Entities mapped“Led the pre-Series A funding round in Matiks.”
“Sudhanshu Bhatia previously worked at American Express on an anti-money laundering strategy.”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Spill Games raises $3.1M seed round
Spill Games, a Bengaluru-based mobile games startup founded in 2024, has raised $3.1 million in a seed funding round led by Centre Court Capital and PeerCapital. The company, which currently operates five live casual and puzzle titles, will use the capital to scale live and upcoming games, deepen its technology stack and expand the team selectively. Spill uses a systems-driven development approach and has built an in-house engine and tooling layer for analytics, retention, monetisation and live operations. Over the next 18 months the studio plans to test more than 20 new prototypes aiming to build a diversified portfolio of five to ten profitable games.
Indian Spill Games Secures $10.5M Series A Funding
Spill Games, a Bengaluru-based mobile games startup, announced today that it has raised $10.5 million in a Series A funding round. The round was led by Elevation Capital, with participation from existing investors Centre Court Capital and PeerCapital. The funding will be used to expand the company's portfolio, scale its existing games, and invest in user acquisition (UA). Additionally, plans include team expansion and strengthening development of AI and other technological capabilities. Founded in 2024 by former PlaySimple Games executives Om Misra, Tapan Ranjan, and Harsh Garg, Spill Games focuses on free-to-play casual and hybrid-casual mobile games. Its releases include Grill Master, Bird Rescue Jam, Cozy Finds, and Cozy Crossword. The company has developed an in-house platform called Compass that supports game development, monetization, and live operations, aiding rapid rollout of new games.
MIT invests $5M in PvX Partners
Singapore-based PvX Partners has received a $5 million equity investment from the Massachusetts Institute of Technology (MIT) to expand its cohort financing platform for consumer apps and mobile games. PvX uses a machine-learning system called PvX Lambda to analyse marketing and performance data and underwrite user-acquisition campaigns. Founded in 2024, the company provides an alternative financing path between venture capital and traditional lenders. MIT joins an investor group that includes Play Ventures, General Catalyst, Storyhouse Ventures, Z Venture Capital, Drive by DraftKings, T-Accelerate Capital and Square Enix Holdings. PvX did not disclose terms of the investment. In April the company closed a $10.5 million Series A and says it has now surpassed $750 million in committed user-acquisition financing.
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