Portuguese startup sqill introduced the closing of a €2 million seed funding spherical led by GED Ventures. With this funding, the corporate strategically goals to consolidate its presence within the US by opening an workplace in Austin, Texas, and increasing its workforce. Recruitment for varied positions in Portugal and the USA is already underway, marking the start of a brand new chapter in Sqill’s progress story.
Accessible for iOS and Android, Sqill has developed an “all-in-one” AI-based content material creation platform, designed to boost model storytelling and social media presence.
This instrument allows superior photograph and video creation and modifying, and real-time collaboration amongst social media groups, managing all the manufacturing and publishing course of. The important thing characteristic, an AI-powered video editor simplifies, creates, and shares customized model content material inside minutes, promising a brand new period of social media administration.
Afonso Coimbra, Co-founder & CEO of Sqill,mentioned: “This funding is a validation of our workforce’s work and the unbelievable alternative forward of us. We’re thrilled to take this step ahead and, above all, to be higher outfitted to deal with our shoppers’ challenges. We’re excited to collaborate with GED Ventures for his or her scale and worldwide community, shared ambition to overcome the US market, urge for food for innovation, and observe document of investing on the intersection of know-how and advertising and marketing. This funding permits us to develop our know-how workforce – with a concentrate on synthetic intelligence – and make a robust entry into the US market the place we now have simply established our new workplace, particularly in Austin, TX.”
Francisco Lino Marques, Companion and member of the Board of Administrators of GED Ventures Portugal, added: “The answer developed by Sqill could be very compelling because it sits on the intersection of three high-potential enterprise areas: scalable generative AI, content material technology in sports activities, retail, and company environments, and influencer networks on social media with massive and rising client bases. Extra importantly Sqill addresses the problem of real-time high-quality content material manufacturing for social media groups. This funding will allow the corporate to broaden into completely different verticals and new markets.”
Previous to this funding spherical, Sqill had already raised over €300,000 from Innventures (by way of Innowave), Demium, and greater than ten enterprise angels together with Tiago Gonçalves and Miguel Patrício from Innventures (Innowave), Pedro Silva Nunes from Audax Group, Armando Ribeiro Ferreira from EY, Domingos Cruz from CCA Regulation Agency, João Correia Pereira from Judas, José Diogo Quintela from A Padaria Portuguesa, Jordi Pujol from Goal, Valentina Hristova from Salesforce, Andrew Riley from Nomi Well being, João Cruz from Linguae, and John Bagagem from Empower, amongst others.
At the moment, the startup incubates at Startup Lisboa and Instituto Pedro Nunes. Sqill goals to proceed supporting manufacturers succeed within the advanced world of digital content material, concentrating on over 30 million social media groups worldwide. In latest months, the Sqill workforce has been working carefully with its preliminary shoppers, valuing their suggestions to optimize the product and meet the urgent wants of social media groups. This collaborative method is a testomony to Sqill’s dedication to buyer satisfaction.
At the moment, Sqill helps dozens of shoppers in Portugal, Spain, Brazil, and the USA, together with main manufacturers corresponding to FC Porto, Worten, and L’Oréal. Within the coming months, the corporate plans to forge new partnerships with sports activities organizations, corresponding to federations, leagues, and golf equipment, and improve its presence within the Retail and Company sectors.