LAZARUS CONSULTING CLIENT SWOOVE STUDIOS SOLD TO A CONFIDENTIAL ACQUIRER
Transaction Summary
Company: Swoove Studios – AI-powered 3D animation platform
Buyer: Confidential acquirer
Financial Advisor to Swoove Studios: Lazarus ConsultingLazarus Consulting is pleased to announce that its client, Swoove Studios, a leading 3D animation software company, has been sold to a confidential acquirer.
Lazarus Consulting advised Swoove Studios, a Belgium-based AI-powered 3D animation platform, on its sale to a confidential acquirer. Lazarus Consulting acted as the exclusive financial advisor to Swoove Studios on the transaction.
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The Belgium-based business is the developer of Swoove, a real-time 3D animation creation app. Its proprietary platform, powered by AI, enables users to create unique 3D animation videos without any prior experience. Swoove empowers its users to easily bring their stories to life, using its intuitive platform to create stunning 3D animations. The app offers a diverse set of tools and features that cater to all levels of expertise, from beginners to seasoned creators.
The platform's unique blend of accessibility and sophistication has resonated strongly with users, leading to increased engagement and content creation. It has become the go-to app for user-generated animated content, used by many thousands of creators in over 100 countries. Swoove Studios raised $7.5 million in 2024, bringing total funding to $11 million since launch.
In Q4 2024, Swoove Studios hired Lazarus Consulting to launch a strategic review to ensure that the business continued to develop and grow, and that review has concluded with the sale of teh business.
With a team led by Steve Lazarus, Lazarus Consulting acted as the exclusive financial advisor to Swoove Studios.
Lazarus Consulting CEO, Steve Lazarus commented:
"Swoove Studios represents creativity, technology, and entrepreneurship at its best. It’s been a privilege for us at Lazarus Consulting to work with the Swoove Studios team and to support them on their journey. We are confident that under its new ownership, Swoove Studios will continue to innovate and build on the strong foundations already in place."
ABOUT SWOOVE STUDIOS
Launched in 2020 and available via iOS and Android, Swoove Studios is an entertainment software company that has developed the Swoove app, a real-time 3D-animation creation app using proprietary technology. Please see www.swoove.com for more information.
ABOUT LAZARUS CONSULTING
Lazarus Consulting is an award-winning boutique corporate finance advisory firm offering M&A advisory, capital raising and strategic review services to clients primarily in the technology, media and retail sectors.
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RECENT TRANSACTIONS
Lazarus Consulting has advised clients on a range of strategic transactions across technology, media and consumer sectors:
If you would like to discuss similar strategic options for your company or portfolio, or if you are considering selling your company, please contact Lazarus Consulting.