Belgian 3D animation software startup Swoove Studios raises €6.9M after its US launch

Antwerp-based Swoove Studios, a 3D animation software company, announced on Thursday that it has closed $7.5M (approximately €6.9M)  in a seed funding round led by European angel investors.

This latest round takes Swoove’s total raised to $11M (approximately €10.1M).

The Belgian company receives this capital injection as it continues to scale across Europe and launched this month in the US.

Additionally, the company has started a strategic review, which includes Swoove Studios reviewing all its options, such as a growth investment and an entire business sale.

The company says in the press release that exploratory conversations have already commenced 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 app, a developer of Swoove, a real-time 3D animation creation app.

Powered by AI, the company’s proprietary platform enables users to create unique 3D animation videos without any prior experience.

The app offers a diverse set of tools and features that cater to all levels of expertise, from beginners to seasoned creators.

The company launched its app in the USA this month with a series of exclusive features and content, including the Swoove marketplace.

In this first-of-its-kind community, user-generated digital assets, such as clothes, can be bought and sold.

As per the company’s claims, the Swoove app has become the go-to app for user-generated animated content, used by many thousands of creators in over 100 countries.

Rudy Verbeeck, CEO and Co-founder of Swoove Studios, says, “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,” adds Verbeeck.