The Simpleshow Company S.A., the explainer video provider, raises a more than US$15m funding round.
Luxembourg-based investor BIP Fund SCA (Sicar) made the investment. In conjunction with the funding, Katrin Wehr-Seiter, Managing Director of BIP, will, together with Natalia Sutugina of BIP, join Simpleshow’s Board.
The new funding will promote international growth, further development of mysimpleshow.com and ongoing digitalization of the company.
Founded in 2008 and led by CEO Karsten Boehrs and Morten Sondergaard, Chairman, simpleshow is a professional explainer video production company. Last year, the company released the DIY online video creator mysimpleshow.com, which automatically creates video content from text input.
The company has more than 150 employees in Luxembourg, Berlin, Stuttgart, London, Zurich, Miami, Singapore, Hong Kong, Kuala Lumpur and Tokyo, simpleshow has established an international player, providing eLearning and communication resources primarily to large corporates, but also to other business and education customers.