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Bucharest-based Holotech raises $2 million more for its FaceRig animation software

Written by  Jan 11, 2018

Holotech Studios, the Bucharest-based animation firm behind FaceRig, has raised $2 million in Series A funding led by SignalFire, a Californian Venture Capital firm that invests in early stage startups.

Holotech develops FaceRig, a digital animation software suite that can create personalised avatars, allowing users to interact with real-time 3D images. Its use cases include learning tools and communications.

The gift of a getaway

The new funds will be used to expand on the FaceRig product and grow internationally, said cofounder Dragos Stanculescu. The Bucharest company also has a presence in San Francisco where it will expand its business in the US.

Its software has been downloaded four million times on mobile and desktop. It raised initial funds through an Indiegogo campaign 4 years ago, raising $300,000.

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