£ 2 million for immersive technology company Retinize


Immersive technology company Retinize has raised £ 2 million in funding.

The creative technology company based in Belfast, Northern Ireland is developing a software product called Animotive that leverages the latest VR technologies to transform the 3D animation production process.

The seed round was led by Sure Valley Ventures, a VC firm that invests in high-growth software companies. Its £ 1 million contribution is the first investment from its recently announced £ 95 million UK software fund, which included a key investment of £ 50 million from the British Business Bank.

They were joined by investors from the UK, US and Ireland, including TechStart Ventures, VGC Partners and Clarendon / Co-fund NI, as well as Bertram van Munster and Elise Doganieri, Emmy’s award-winning producers behind the hit show. of CBS ‘The Amazing Race’ – and Ben Morrow, senior product manager at Adobe Aero, the tech giant’s AR creation tool.

An association of founders of angelic investors based in the Netherlands also contributed. The round will guide the global launch of Animative.

“We are thrilled to have Sure Valley on board as our primary investor – they have a deep understanding of the creative technology industry and what impressed us most was the time it took them to truly understand and challenge our long-term goals and objectives. term, “said CEO Phil Morrow.

“This investment will increase our growth trajectory and allow us to bring Animotive to the international market.”

Isabelle O’Keeffe, director of Sure Valley Ventures, said, “We are delighted to support Retinize immediately following the launch of our new software fund as this innovative company enters an exciting new phase.

“We recognize that the immersive software industry is poised for exponential growth and the plans Retinize has for Animotive will position the company at the forefront of this expansion.”

Scaleups need milestones, but they also need to live in the moment

£ 2 million for immersive technology company Retinize

Source link £ 2 million for immersive technology company Retinize

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