Magma, an Austin, TX-based provider of a collaborative browser-based art creation and project management platform, raised $5M in Seed funding.
The round was led by GFR Fund, with contributions from Bandai Namco Entertainment 021 Fund, 4founders, Supernode Global, Gaingels, Anorak Ventures, Acequia Capital and industry angels.
The company intends to use the funds to expand the international team including key hires in operations, business development, and sales.
Led by CEO Damian Kaczmarck, Magma provides a cloud-based art collaboration platform that facilitates global creative teamwork. With it, teams and stakeholders can connect and collaborate from anywhere, at any time, and on any device. The professional art collaboration and management tool that offers integrated version control, in-app video chat, and generative AI. As a centralized repository for project data, digital artwork, and creative ideas, its live collaborative canvas is ideal for idea development, character design, concept art, storyboarding, art reviews, onboarding and training, brainstorming, and other creative endeavors. Users have complete control over the whole creative process and can leverage in-canvas tools and a management dashboard for streamlined feedback, including rapid preview, edits, storage, and easy access to all team artwork.
Magma is used by industry leaders in animation studios, game development, art studios, leading creative higher education institutions, and more. Partners include Pitch Dev Studios, Virtuos, Wooga, Wacom, Seneca College, and North Carolina State University.
The platform hosts artists in over 100 countries, with more than 2 million users contributing to the creation of over 20 million artworks.
FinSMEs
12/12/2023