StoryBox funding news – Munich-based StoryBox Raises €5.5 Million in Series A Round Funding

With participation from current investors BayBG, High-Tech Gründerfonds (HTGF), CK Ventures, and G8 Way Ventures, the round was led by new investor Wille Finance. It's goal of revolutionising video creation management for businesses is supported by the new funding.

It is able to maintain its position as the industry leader in innovation thanks to this fresh investment. The funding will go towards expanding current business sectors, expanding into new ones, and further developing the platform.

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Businesses face the issue of increasing the effectiveness of their HR and communication strategies while minimising expenses in the fast-paced business world of today. Businesses can easily and rapidly create, manage, and evaluate high-quality video content using it's robust solution.

Investors' trust in it's potential and performance thus far, especially in terms of revenue growth and capital efficiency—both of which are well beyond current market expectations—is reflected in the fundraising round.

Ben Rodrian, CEO and founder of StoryBox, said: “We are delighted to have attracted such a prestigious investor as Wille Finance and to have convinced them of our vision to revolutionize corporate communications with video.”

Katharina Iten of Wille Finance added: “It seamlessly combines technology and human relationships, uses KI to revolutionize video creation in HR, communications and social media, and enables employees to easily produce compelling videos. Investing in StoryBox is not just investing in a technology product, it is investing in a transformative tool that is driving the future of storytelling and communication in the enterprise, while at the same time investing in a great team that lives this vision.”

Alexander Ullmann, Investment Manager at BayBG said, “Video is a growth market, and professional video content is increasingly becoming an integral part of corporate communications. StoryBox makes it especially easy to shoot video, and its ‘no code’ video content solution minimizes the technical effort, As an early investor, we have accompanied StoryBox’s successful development over the last few years and are pleased to be able to continue the company’s growth.”

Christian Arndt, Senior Investment Manager at HTGF, said: “Since our investment in 2020, StoryBox has made great progress and established itself as a leading video creation software. With the Series A, StoryBox will continue the efficient growth of recent years and in particular further expand its AI capabilities.”

It sets itself apart from other providers by combining cutting-edge KI-based technologies with an intuitive user interface that allows for quick and accurate results. In just a few minutes, businesses can create pertinent content and quickly incorporate it into their channels.

About StoryBox

Munich-based StoryBox is a tech startup. With the help of StoryBox, a cutting-edge SaaS platform for businesses, staff members can quickly and simply produce and distribute films that are legally safe, brand-compliant, and collaborative.