3D character studio Superplastic completed a financing of US $20 million

It is reported that the 3D character studio Superplastic has completed the A-4 financing of US $20 million, led by the Amazon venture capital department Alexa Fund, and participated by Google Ventures, Galaxy Digital, Sony Japan, Animoca Brands, Craft Ventures, etc., bringing the total funds raised by Superplastic to US $58 million so far.

Interpretation of this information:

Superplastic, a 3D character studio, has managed to secure the A-4 financing round of $20 million. This round was led by the Alexa Fund, a division of Amazon Venture Capital Department, and was supported by Google Ventures, Galaxy Digital, Sony Japan, Animoca Brands and Craft Ventures amongst others. This funding can be considered a substantial amount as it takes the total amount of funds raised by Superplastic to $58 million.

Superplastic is a design and entertainment company that has made its way to the top by producing unique characters that have managed to keep the company’s audience engaged. The company utilises the 3D technology to create visually stunning characters that are then sold directly to its audience. It has proven to be a successful business model, with the team having already managed to establish itself in the market, with a loyal customer base.

The Alexa Fund is arguably the standout investor in this round, with its involvement being a testament to Superplastic’s prowess in the design and entertainment industry. The Alexa Fund was established with the sole mandate of investing in companies that are either utilising or can utilise Amazon’s own product, Amazon Echo, a voice command device. Given the nature of Superplastic, this seems like a clear indication of the company’s potential to expand into the voice command device space.

The involvement of Google Ventures, a venture capital arm of Alphabet, is also worth noting, as it provides Superplastic with the necessary credibility in the tech world. Investors like Galaxy Digital, Sony Japan, Animoca Brands and Craft Ventures have also played their role in helping the 3D character studio raise funds, thus giving Superplastic a greater shot at driving growth.

In conclusion, Superplastic’s successful $20 million financing round will provide the company with the necessary resources to develop new characters and to widen its audience. The Alexa Fund’s involvement indicates potential expansion into the voice command device market, which could provide a new revenue stream, making Superplastic an even more attractive investment opportunity. The involvement of various investors within this round suggests Superplastic’s potential to drive growth, making it one to watch in the design and entertainment space.