Dashtoon, a San Francisco, CA-based platform for storytellers and illustrated content creators has secured $5 million in seed funding.
SaaS Investors
The investment was led by Matrix Partners India and Stellaris Venture Partners, with participation from notable angel investors.
Matrix Partners India is an investment firm targeting the Indian enterprise and consumer market at the seed, early, and early growth stages. Founded in 2006, the firm invests in entrepreneurs across sectors, with offices in Mumbai, Bengaluru, and Delhi, and has a global network of funds investing in the US, China, and India.
Founded in 2016, Stellaris Venture Partners is a venture capital firm based in Bangalore, India. The firm is sector-agnostic and seeks to invest in technology-based companies.
Dashtoon Use of Funds
The company intends to use the funding to expand its AI research, further develop its platform, and enhance content production capabilities.
About Dashtoon
Founded in December 2022 by Sanidhya Narain, Lalith Gudipati, and Soumyadeep Mukherjee, Dashtoon leverages generative AI technology to empower storytellers globally to create illustrated content. The platform offers Dashtoon Studio, which ensures character consistency, precise control over image composition, and streamlined comic creation workflows. It also provides creators with access to an extensive character library and the ability to train and monetize unique characters, enabling the production of professional-quality, engaging content ready for a global audience.
The company's Dashtoon Comic Reader Apps allow consumers to access new episodes daily. As Dashtoon continues to advance its technology, it plans to incorporate multi-modal capabilities for generating storyboards and dialogues using AI, reducing the time needed to create an episode to less than an hour.
Funding Details
Company: Dashtoon
Raised: $5.0M
Round: Seed Round
Funding Month: November 2023
Lead Investors: Matrix Partners India and Stellaris Venture Partners
Additional Investors:
Company Website: https://dashtoon.com/
Software Category: Storytelling Platform
Source: https://www.finsmes.com/2023/11/dashtoon-raises-5m-in-seed-funding.html