How Much Did Genies Raise? Headquarters, Funding & Key Investors

Genies has raised a total of $276 million across multiple funding rounds, including a $150 million Series C in April 2022 led by Silver Lake and a $65 million Series B in May 2021 led by Bond. Earlier rounds include $25.2 million in June 2019 from Breyer Capital and Tull Investment Group, and $3 million from BANDAI NAMCO Entertainment in November 2020. Founded in 2011, the Los Angeles–based company builds AI avatars and 3D animation tools for apps, games, and social platforms, expanding into Web3, NFTs, and AR/VR experiences.

How Much Did Genies Raise? Funding & Key Investors

Genies is a leading AI avatar and 3D animation company that enables users and developers to create immersive, personalized avatars for apps, games, and social media platforms. The company has raised a total of $276M in funding from top investors, including Silver Lake, Bond, Robert Iger, and BANDAI NAMCO Entertainment. Genies holds a strong presence in the celebrity avatar market and continues to expand into Web3, NFTs, and AR/VR experiences.

What Is Genies and What Does It Do?

Genies, founded in 2011 by Akash Nigam, Evan Rosenbaum, Jake Adams, and Matt Geiger, is headquartered in Los Angeles, California. The company provides a mobile application and SDK that allows users and developers to create fully personalized 3D avatars for apps like Giphy, iMessage, and Instagram.

Genies enables avatars to detect actions, places, objects, and emotions, and to trigger corresponding animations with a tap. Its platform also includes an NFT storefront and partnerships with luxury brands and entertainment companies, showcasing its immersive avatar technology.

With a team of 39 employees, Genies has collaborated with major entities including Universal Music Group and Warner Music Group, making it a leader in the celebrity and consumer avatar space.

How Much Funding Has Genies Raised?

1. Venture Round

Amount Raised: $250K
Date: Jan 2017
Lead Investors: Joe Montana
Motivation: To secure early-stage funding for product development and market entry.

2. Venture Round

Amount Raised: $3M
Date: Dec 2017
Motivation: To enhance the technology stack and expand the team.

3. Venture Round

Amount Raised: $1.6M
Date: May 2018
Motivation: To continue product development and market expansion.

4. Venture Round

Amount Raised: $10M
Date: Nov 2018
Motivation: To accelerate growth and secure strategic partnerships.

3. Venture Round

Amount Raised: $25.2M
Date: Jun 2019
Lead Investors: Breyer Capital, Tull Investment Group
Motivation: To expand the company's market presence and enhance product offerings.

4. Venture Round

Amount Raised: $3M
Date: Nov 2020
Lead Investors: BANDAI NAMCO Entertainment (021 Fund)
Motivation: To develop new features and expand the user base.

5. Series B

Amount Raised: $65M
Date: May 2021
Lead Investors: Bond
Motivation: To scale operations and enhance the technology platform.

6. Series C

Amount Raised: $150M
Date: Apr 2022
Lead Investors: Silver Lake
Motivation: To launch a network connecting cultural icons with innovation partners and further develop avatar technology.

Total Funding Raised: $276 Million

Current Valuation: $1 Billion (as of April 2022)

Latest Funding Date: April 2022

Key Investors

1. Silver Lake

Details: Global technology investment firm with significant investments in high-profile companies.
Investment Focus Areas: Technology, entertainment, media, sports.
Notable Investments: Dell Technologies, Airbnb, Twitter.

2. Robert Iger

Details: Former CEO of The Walt Disney Company, providing strategic insights and mentorship.
Investment Focus Areas: Media, entertainment, technology.
Notable Investments: Disney-related ventures.

3. Bond

Details: Venture capital firm focusing on growth-stage technology companies.
Investment Focus Areas: Technology, consumer internet.
Notable Investments: Spotify, Uber, Slack.

4. Breyer Capital

Details: Global venture capital and private equity firm investing in transformative technology companies.
Investment Focus Areas: Technology, media, and healthcare.
Notable Investments: Facebook, Etsy, Marvel Entertainment.

Where Is Genies’ Headquarters?

Genies is headquartered in Los Angeles, California, providing access to a vibrant tech and entertainment ecosystem. Its location enables strategic partnerships with major media and music companies and allows the company to tap into top talent in digital entertainment, 3D animation, and AR/VR technologies.

What’s Next for Genies?

Genies is at the forefront of the digital avatar revolution, holding a dominant position in the celebrity avatar space. With partnerships with Universal Music Group and Warner Music Group, the company is poised to capitalize on the growing Web3 and NFT markets. The $150 million Series C funding round led by Silver Lake has elevated Genies to unicorn status, providing resources to expand core technology, grow the engineering team, and scale its immersive avatar ecosystem globally.

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