StoryBox, a Munich, Germany-based AI-driven video creation platform for businesses, secured €5.5 million in Series A funding.
Investors
The round was led by Wille Finance, with the participation of existing investors BayBG, High-Tech Gründerfonds (HTGF), CK Ventures, and G8 Way Ventures.
Founded in 2007, Wille Finance is a long-term-oriented Swiss Family Office whose more than 25 employees focus on direct investments in the areas of private equity, venture capital, and real estate. In venture capital, the focus is on technology investments in Europe.
StoryBox Use of Funds
The company will use the funds to support its mission to revolutionize video creation management for enterprises. The funding will enable StoryBox to further develop its platform, expand existing business areas, and explore new markets.
About StoryBox
Founded by Ben Rodrian, and Rusmin Causevic, StoryBox provider of AI-driven video creation solutions for businesses. Its platform integrates advanced AI with a user-friendly interface. StoryBox continues to pursue its vision of more efficient and effective corporate communications through advanced video solutions. Its customers include renowned companies such as Allianz, Evonik, RWE, and Telekom.
Funding Details
Company: StoryBox GmbH
Raised: €5.5M
Round: Series A
Funding Month: June 2024
Lead Investor: Wille Finance
Additional Investors: BayBG, High-Tech Gründerfonds (HTGF), CK Ventures, G8 Way Ventures
Company Website: https://www.storybox.cloud/
Software Category: Video Creations
Source: https://www.htgf.de/en/htgf-storybox-series-a/