StoryBox, a German startup in AI-based video creation solutions for businesses, has raised €5.5 million in Series A funding.
Investment details
The round was led by new investor Wille Finance with the participation of existing investors BayBG, High-Tech Gründerfonds that recently backed Cultimate Foods and Synthara, CK Ventures, and G8 Way Ventures.
The fresh capital supports StoryBox in its mission to revolutionise video creation management for enterprises. The investment will be used for the further development of the platform, the expansion of existing business areas, and the expansion into new areas.
Katharina Iten of Wille Finance said: “StoryBox seamlessly combines technology and human relationships, uses KI to revolutionise 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.”
“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 minimises the technical effort,” explained Alexander Ullmann, Investment Manager at BayBG. “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 added: “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.
AI-based video creation
StoryBox was established by Ben Rodrian and Rusmin Causevic. It’s a platform for enterprise video creation management. With an experienced team and a clear focus on innovation and usability, the company aims to change the way corporate companies communicate through advanced video solutions.
It offers a combination of advanced AI-based technologies and a user-friendly interface, enabling fast and precise results. With this solution, companies can generate relevant content within minutes and immediately integrate this in their channels. It helps them make their communication and HR strategies more efficient.
The challenge for companies is to make the planning, creation, management and evaluation of video content effective and scalable. StoryBox has developed a solution that covers these needs end-to-end, resulting in a dramatic increase in the productivity of content production and management.
Its customers include renowned companies such as Allianz, Evonik, RWE and Telekom.
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 revolutionise corporate communications with video.”
What do we think about StoryBox?
The financing round reflects the investors’ confidence in StoryBox’s potential and performance. The platform aims to improve the efficiency and accuracy of video content creation and distribution, especially in the areas of HR, employer branding, knowledge management and social marketing.
