Studio555 introduced in the present day that it has raised €4 million, or about $4.6 million in a seed funding spherical. It plans to place this funding in direction of making a playable app, a game-like expertise centered on inside design. HOF Capital and Failup Ventures led the spherical, with participation from the likes of Timo Soininen, co-founder of Small Big Video games; Mikko Kodisoja, co-founder of Supercell; and Riccardo Zacconi, co-founder of King.
Studio555’s founders embrace entrepreneur Joel Roos, now the CEO, CTO Stina Larsson and CPO Axel Ullberger. The latter two previously labored at King on the event of Sweet Crush Saga. In accordance with these founders, the app in improvement combines inside design with the design and shopper enchantment of video games and social apps. Customers can create and design private areas without having any technical experience.
The staff plans to launch the app subsequent yr, and it plans to place its seed funding in direction of product improvement and rising its staff. Roos stated in an announcement, “At Studio555, we’re reimagining inside design as one thing anybody can discover: open-ended, playful, and private. We’re constructing an expertise we all the time wished existed: an area the place creativity is hands-on, social, and free from inflexible guidelines. This funding is a serious step ahead in setting a completely new class for artistic expression.”
Investor Timo Soininen stated in an announcement, “Studio555 brings collectively top-tier gaming expertise and design imaginative and prescient. This staff has constructed world hits earlier than, and now they’re making use of that have to one thing fully contemporary – assume Pinterest in 3D meets TikTok, however for interiors. I’m honored to assist Joel and this staff with their uncommon mixture of creativity, technical competence, and deal with execution.”
