Animation application Plotagon raises approx. USD 3 million in funding
Plotagon (“The Company”) is pleased to announce the completion of a fully- subscribed private placement offering during March and April 2015, for a total of approx. USD 3 million. The offering attracted interest from both Swedish and international investors. Proceeds will be used for the development and promotion of the Plotagon app. The company will focus on establishing the product in major markets and creating awareness via marketing activities and strategic partnerships.
Plotagon has developed a new type of app, allowing anyone to tell and share stories as 3D animated videos. Users are able to create characters and instantly add them into their videos. The app has over 500,000 videos viewed to date.
Bringing creative storytelling power to the players, Plotagon has recently initiated a partnership with one of the world’s largest online games, Dead Trigger 2 by Madfinger Games. Combined with exclusive sounds effects, movements and music, the newest pack allows fans of both Plotagon and Dead Trigger 2 to literally bring their zombies to life. Madfinger has approximately 20 million monthly users.
Stockholm Corporate Finance served as the Company’s exclusive financial advisor for the offering.
Plotagon is a creative app that allows anyone to tell stories as 3D animated videos. The app, which was released in July 2014, is available on iPhone, iPad, Mac and PC. The app is easy to use: the user chooses the characters and scenes, writes their story in the form of dialogue, and adds actions, sound effects and music. After the user has finished tweaking the video, it is a matter of pressing play and the app animates the movie automatically – no need for knowledge of animation at all. Behind the scenes, Plotagon takes care of lighting, camera angles, animation, lip-syncing, and editing. Users only need to focus on communicating their stories. For more information, please visit www.plotagon.com.
About Stockholm Corporate Finance
Stockholm Corporate Finance is a Swedish, independent financial advisor to owners, managements and boards of directors for listed and privately held companies. We assist our clients on; acquiring and divesting companies (M&A), public transactions such as initial public offerings (IPO) and public bids, as well as equity financing. Stockholm Corporate Finance is the exclusive Swedish partner in the global network in M&A Europe. Stockholm Corporate Finance is under the supervision of the Swedish Financial Supervisory Authority, Finansinspektionen. www.stockholmcorp.se
Karin Wahlström, CMO