Spire Animation Studios announced it raised a round of funding from Singapore-based global investment company Temasek and investment firm Ericsenz. The amount of the round wasn’t disclosed, but Spire has now raised more than $40 million to date.
Spire stated that they are planning to use the new capital to continue building out the team, tools, real-time pipeline, and cloud-first infrastructure needed to produce the “highest quality” animated feature films with “stronger collaboration and greater efficiency”. The next-generation film studio will also simultaneously create worlds and experiences for the metaverse through Epic’s Unreal Engine.
The new funding supplements Spire’s previous financing led by Epic Games along with existing investor Connect Ventures, an investment partnership formed by Creative Artists Agency (CAA) and New Enterprise Associates (NEA). Spire Animation Studios had raised $20 million from Epic Games and others back in February. Its aiming to produce animated films for the metaverse.
