PowToon provides a freemium, drag-and-drop platform for creating animated marketing and explainer videos, with templates and Marketplace content from designers, animators, voice actors, and sound artists. Users can assemble slides, set animations and durations, add text and soundtracks, then upload finished videos to YouTube or share on social networks. Since its beta launch five months ago, the service has been used to create more than 75,000 presentations, and the company now offers monthly subscriptions and pay-per-use options. PowToon has expanded beyond startups and marketers into education through a partnership with Discovery Education and the Discovery Educator Network. The company was founded in October 2011 and is U.K.-based; its core team of four has grown to seven and the company plans to expand to around ten employees. The newly raised funds will be used to develop new features, iterate on the software, and grow the team.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2012