Genially, a graphic design startup based in Spain, has closed a $20 million Series B funding round to expand its interactive visual communication platform,
The round was led by 645 Ventures and Owl Ventures with the participation of existing investors including JME Ventures, FJLab, GP Bullhound, Market One Capital, and Athos Capital, which have expressed their intention to continue investing in Genially. Managing Director of Owl Ventures, Amit A. Patel commented on the firm’s participation by stating:
“We were impressed by the diversity of Genially’s user base. The product’s popularity among designers, marketing personnel, teachers, and college students was unique. The multinational corporations, universities, and governments Genially counts as customers make it clear that Genially is a communication tool flexible enough to be used in any department within any organization.”
Genially was founded with the mission to make interactive content become a global standard in communication. For this purpose, the new capital will be used by the startup to boost its efforts to elevate its position as a leader in interactive content, as well as accelerate product development and prioritize community growth and loyalty. Co-Founder and CEO of Genially Juan Rubio said about these efforts.
“Genially is ready for the next stage of growth. Making Genially a global and iconic company has always been part of our vision; we want to create a new standard in communication with interactive content at its core. We believe that this round is an important step towards realizing this vision, not so much for the capital received but rather because of the value offered by our new partners.”
Relying on its visual appeal and simplicity for using interactive and animated creations, Genially has successfully become a leader in this field. The graphic design startup is now aiming to sustain this growth by using its versatility and usefulness to stand apart from the competition.