dodl.es, an Appleton, WI-based social animation app, completed a $300k angel funding.
10 independent angel investors participated in the round which was led by Luyu Yang, who discovered the company through the Wisconsin Angel Network.
Led by Craig Doriot, president, dodl.es allows users to license and sell their creative assets to other users within the app. Dodl.es has begun generating interest, especially within the comic-con, anime-con, and autism communities. More than 250 professional artists have signed up to contribute assets in its open marketplace, and the company recently held a Kickstarter campaign that attracted more than 140 backers who also will receive beta access to the app.
The dodl.es marketplace offers new revenue streams for those publishing animated stories and those wanting to license scenes, objects, characters, sound effects, music, and voice acting, while also protecting their intellectual property.
The app will be free to download and generates revenue by taking a percentage of the sale of assets between creators.
The financing will be used to accelerate development of the app and increase awareness amongst potential users in anticipation of a beta launch set for October 2, 2017.