sqill funding news – Lisbon-based sqill Secures €2 Million in Seed Funding

Sqill has created a "all-in-one" AI-based content production platform that is compatible with iOS and Android and is intended to improve social media presence and brand storytelling. With the help of this application, social media teams may collaborate in real-time and create and edit sophisticated photos and videos, as well as manage the entire production and publishing process.

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The salient feature is an AI-driven video editor that promises a new era in social media management by making personalised brand content simple, creative, and shareable in a matter of minutes.

Afonso Coimbra, Co-founder & CEO of Sqill,said: “This investment is a validation of our team’s work and the incredible opportunity ahead of us. We are thrilled to take this step forward and, above all, to be better equipped to address our clients’ challenges. We are excited to collaborate with GED Ventures for their scale and international network, shared ambition to conquer the US market, appetite for innovation, and track record of investing at the intersection of technology and marketing. This funding allows us to grow our technology team – with a focus on artificial intelligence – and make a strong entry into the US market where we have just established our new office, specifically in Austin, TX.”

Francisco Lino Marques, Partner and member of the Board of Directors of GED Ventures Portugal, added: “The solution developed by Sqill is very compelling as it sits at the intersection of three high-potential business areas: scalable generative AI, content generation in sports, retail, and corporate environments, and influencer networks on social media with large and growing consumer bases. More importantly Sqill addresses the challenge of real-time high-quality content production for social media teams. This investment will enable the company to expand into different verticals and new markets.”

Before this latest round of funding, Sqill had already secured over €300,000 from Demium, Innventures (via Innowave), and over ten business angels, including Pedro Silva Nunes from Audax Group, Armando Ribeiro Ferreira from EY, Domingos Cruz from CCA Law Firm, João Correia Pereira from Judas, José Diogo Quintela from A Padaria Portuguesa, Jordi Pujol from Objective, Valentina Hristova from Salesforce, Andrew Riley from Nomi Health, João Cruz from Linguae, and John Bagagem from Empower, among others.

The startup is now being incubated by Instituto Pedro Nunes and Startup Lisboa. Sqill, which targets more than 30 million social media teams globally, wants to keep helping brands thrive in the challenging world of digital content. The Sqill team has been collaborating closely with its first customers in recent months, appreciating their input to improve the product and satisfy the demanding requirements of social media teams. This cooperative strategy demonstrates Sqill's dedication to client happiness.

Numerous companies in Portugal, Spain, Brazil, and the USA are currently served by Sqill, including well-known companies like FC Porto, Worten, and L'Oréal. The company intends to expand its footprint in the retail and corporate sectors as well as establish new alliances with sports leagues, teams, and federations in the upcoming months.

About sqill

sqill is an AI-powered creativity studio that optimises the creative processes of brands. It is a lifesaver for social teams that generate a tonne of content every day from several authors.