Trioscope, an entertainment content and technology company, has secured $5.25 million in funding. Bitkraft Ventures led the round.
OCTOBER 7, 2021 – Groundbreaking entertainment content and technology company Trioscope, recognized for its proprietary animated drama engine, today announced it raised $5.25M led by BITKRAFT Ventures, a venture capital firm focused on gaming, esports, and interactive media. Sony Innovation Fund, Transcend Fund, Cordillera Investment Partners and Thomas Vu/Axis Mundi Capital participated.
The company behind Netflix’s hit series The Liberator, Trioscope will use the investment to expand its US and worldwide business; focus on boosting its original IP and content; and productize its enhanced animation technology toolset for global third-party creators and studios to produce content through licensing agreements. The company expects to launch a new platform licensing offering in 2022 with an initial network of international studio partners.
Helmed by L.C. Crowley, Greg Jonkajtys and Brandon Barr, Trioscope’s platform is best described as ‘animation: all grown up.’ It’s unbounded and unlimited, revolutionizing the medium through a moving graphic-novel experience that’s punctuated by a photo-real level of emotion. Its upcoming projects include unannounced series with Netflix, SHOWTIME and CBS Studios and collaborations with renowned talent, such as actor and producer Ethan Hawke; writer, screenwriter and producer George R.R. Martin; and actor and director Vincent D’Onofrio.
Scott Rupp, Founding General Partner of BITKRAFT, said: “Trioscope pioneered a new genre of synthetic reality animation that stands out for today’s audiences and streaming platforms. Their technology leverages the cloud to lower costs, enable faster and more flexible virtual productions, and deliver epic emotional resonance by integrating live action human performance into graphically compelling 3D worlds.”
“In just a short time, our company’s vision has propelled a patented platform that fuses live-action with animation in a novel way, stoking the imagination and talent of seasoned and emerging creatives,” said L.C. Crowley, Co-Founder and CEO of Trioscope. “Our partnership with BITKRAFT, Sony Innovation Fund and our other investors gives us the support to further expand our tech-driven, content-rich business.”
Gen Tsuchikawa, Chief Investment Manager for Sony Innovation Fund (SIF) and CEO and Chief Investment Officer for Innovation Growth Ventures (IGV) , added: “Trioscope’s live-action animation hybrid technology represents a new genre of entertainment and will allow studios to bring more content to audiences by helping to minimize budget, timing and location constraints. We believe the Trioscope team is differentiated in its technology, capability, and know-how and can make an impact in driving new levels of emotion in dramatic storytelling and beyond.”
The news follows an already busy year for the Los Angeles-based Trioscope, which has seen rapid growth, having launched Trioscope Europe in 2020 as a joint venture with Polish visual effects studio Juice. In addition to launching The Liberator on Netflix, which reached #3 worldwide for the platform, the company recently finished production on the short film Night of the Cooters, which is produced with George R. R. Martin and stars Vincent D’Onofrio who also serves as the director. Additionally, Trioscope has partnered with Dark Horse Comics, Oni Press, Netflix and A&E Studios for unannounced projects and announced a television development and production partnership with major music powerhouse Quality Control.
Digital entertainment veteran and former Mondo Media CEO John Evershed advised Crowley and the Trioscope team on the raise.
About Sony Innovation Fund
Established in July 2016 by Sony Corporation, Sony Innovation Fund engages with pioneering startups to help fuel the development of disruptive technologies and launch new businesses. In addition to investment, Sony Innovation Fund closely collaborates with the startups in which it invests, connecting them with businesses throughout Sony and its worldwide network of partners, providing guidance and advice, and collaborating with them to help achieve common success. Learn more at www.sonyinnovationfund.com