MAVA Member NEA leads $8.5 mln funding round for Nimble Collective
New Enterprise Associates led an $8.5 million funding round for Nimble Collective, a startup co-founded by former DreamWorks Animation executive Rex Grignon that is developing a cloud-based collaboration platform for animators. As part of the funding, Greg Papadopoulos of NEA will join the Nimble Collective board of advisors.
Nimble Collective, a wildly creative startup led by Academy Award-winning animators and technology entrepreneurs, today announced it has closed an $8.5 million round of funding led by New Enterprise Associates (NEA). With this investment, Nimble Collective plans to revolutionize the $90 billion animation content market by developing the industry’s first cloud-based, end-to-end platform and the world’s largest online animation community, targeting an estimated 10 million professional and aspiring animators around the globe.
The company also announced the appointment of NEA Venture Partner Greg Papadopoulos to its board as well as three high profile advisors from the animated film industry, Mark Walsh, Eric Darnell and Peter Ramsey, whose collective credits include directing, writing and animating blockbuster movies such as Rise of the Guardians, Toy Story 2, Madagascar 1, 2 & 3, and Monsters, Inc., among others.
“The animation content market generates $90 billion annually, yet millions of talented animators simply do not have access to the expensive studio-quality technology tools and big budgets currently required to bring high-quality creative projects to fruition,” said Michael Howse, co-founder and investor of Nimble Collective. “Nimble will change that by democratizing the market with the world’s first collaborative, cloud-based platform for generating content that animators can distribute and profit from in exciting new ways.”