Argil, a Paris, France-based AI startup focusing video production, has secured €4.9 million in pre-seed and seed funding.
Investors
The latest funding round, led by EQT Ventures, builds on an earlier €1 million pre-seed investment from Seedcamp and Axeleo. Other notable investors include YouTuber Kwebbelkop and Charles Gorintin, co-founder of Alan and Mistral AI.
EQT Ventures, a Stockholm-based venture capital firm founded in 2015, specializes in seed-stage, early-stage, and later-stage investments. The firm focuses on information technology and SaaS sectors across Europe and beyond.
Argil Use of Funds
The company will use the funding to expand its innovative platform aimed at creators, educators, and businesses.
About Argil
Argil specializes in video production tools designed to make high-quality, personalized video content accessible to everyone. The platform leverages AI to generate hyper-realistic avatars from uploaded videos, enabling users to create multilingual, ready-to-post content in minutes. Argil’s technology features lifelike avatars with natural body language and expressions, as well as tools for converting text and audio into videos. Key features include AI-assisted editing, captioning, and B-roll integration.
Funding Details
Company: Argil
Raised: €4.9M
Round: Pre-Seed & Seed
Funding Date: November 2024
Lead Investor: EQT Ventures
Additional Investors: Seedcamp, Axeleo, Kwebbelkop, Charles Gorintin
Company Website: https://www.argil.ai/
Software Category: AI Video Creation
Source: https://www.eu-startups.com/2024/11/paris-based-argil-raises-e4-9-million-to-develop-ai-video-creation-for-the-creator-economy/