Swoove Studios, a leading 3D animation software company, announced it had closed a $7.5 million seed funding round led by European angel investors. This funding round brings the company’s total to $11 million since its launch in 2020. Subsequently, it has started a strategic review as it continues to scale across Europe and launched this month in the US.
The Belgium-based business is the developer of Swoove, which is a real-time 3D animation creation app. And its proprietary platform, powered by AI, enables users to create unique 3D animation videos without any prior experience.
Swoove enables its users to easily bring their stories to life, using its intuitive platform to create stunning 3D animations. And the app offers a diverse set of tools and features that cater to all levels of expertise, from beginners to seasoned creators.
The platform’s blend of accessibility and sophistication has resonated strongly with users, leading to increased engagement and content creation. And it has become the go-to app for user-generated animated content, used by many thousands of creators in over 100 countries.
To solidify Swoove Studios position as a leader in the digital storytelling space, it launched the app this month in the USA, accompanied by a series of exclusive features and content, such as the Swoove marketplace. And in this first-of-its-kind community, user-generated digital assets, such as clothes, can be bought and sold.
This Strategic Review includes Swoove Studios reviewing all its options, such as a growth investment and an entire business sale. Exploratory conversations already started with several potential domestic and international partners. The Strategic Review is handled exclusively by Lazarus Consulting, the boutique M&A advisory firm.
KEY QUOTES:
“Swoove is the future of 3D animated storytelling. We have created a unique platform and become the go-to for 3D animation globally.”
“We are thrilled to announce the completion of our latest funding round, and now plan to implement exciting updates to give users more of what they’re asking for, including building opportunities for monetisation and allowing further integration with other services for new brand and platform partnerships.”
“As part of this incredible demand and opportunity, we want to work with a like-minded partner to help us achieve our potential and scale further.”
– Rudy Verbeeck, CEO and Co-founder of Swoove Studios
