Antwerp-based 3D animation software company Swoove Studios announced Thursday that it has raised $7.5 million (approximately €6.9 million) in a seed funding round led by European angel investors.
This latest round brings Swoove’s total funding to $11 million (approximately €10.1 million).
The Belgian company received the capital injection as it continues to expand across Europe and launch operations in the United States this month.
Additionally, the company has begun a strategic review, which will include Swoove Studios considering all options, including growth investments and selling the entire business.
The company said in a press release that it has already begun exploratory conversations with several potential domestic and international partners.
Swoove Studios: Real-time 3D animation creation app
Founded in 2020, Swoove Studios is the developer of Swoove, a real-time 3D animation creation app.
The company’s unique AI-powered platform allows users to create their own 3D animated videos without any experience.
The app offers a diverse set of tools and features for all levels of expertise, from beginners to experienced creators.
The company launched its app in the US this month with a range of unique features and content, including the Swoove Marketplace.
The first-of-its-kind community allows users to buy and sell digital assets such as clothing created by users.
The company claims that the Swoove app has become the go-to app for user-generated animated content, used by thousands of creators in over 100 countries.
Rudy Verbeeck, CEO and Co-Founder of Swoove Studios said: “Swoove is the future of 3D animation storytelling. We have built our unique platform and become the go-to company for 3D animation around the world. We are excited to announce the completion of our latest round of funding. We currently have exciting plans to deliver more of what our users want, including building monetization opportunities and enabling further integration with other services for new brand and platform partnerships. We are planning to implement updates.”
“As part of this incredible demand and opportunity, we want to work with like-minded partners to help us realize our potential and scale further,” added Verbeek. Masu.
