Studio555 introduced at this time that it has raised €4 million, or about $4.6 million in a seed funding spherical. It plans to place this funding in the direction of making a playable app, a game-like expertise targeted 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 keeping with these founders, the app in improvement combines inside design with the design and client enchantment of video games and social apps. Customers can create and design private areas while not having any technical experience.
The group plans to launch the app subsequent yr, and it plans to place its seed funding in the direction of product improvement and rising its group. Roos mentioned in a press release, “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 significant step ahead in setting a completely new class for artistic expression.”
Investor Timo Soininen mentioned in a press release, “Studio555 brings collectively top-tier gaming expertise and design imaginative and prescient. This group has constructed international hits earlier than, and now they’re making use of that have to one thing utterly contemporary – assume Pinterest in 3D meets TikTok, however for interiors. I’m honored to help Joel and this group with their uncommon mixture of creativity, technical competence, and deal with execution.”
