Powtoon Raises $600,000 of Seed Funding

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Seed: $600,000

Founded: 10/2011

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Stanmore, UK – Powtoon, a brand new presentation software that allows anyone to easily make animated presentations and short videos that compel and inspire has raised $600,000 of seed funding from the new accelerator program Startup Minds.

“We took the smallest amount of funding we possibly could to grow the company while maintain a bootstrapping style and corporate philosophy. We only wanted one single investor and we had term sheets on our table for a multiple of the investment amount from different sources – but we finally decided on StartupMinds because they seem to be a great fit for us,” says Iiya Spitalnik, Powtoon CEO.

The new funding will be used to develop new feature of Powtoon and also to create new versions of the software.


Funding Total: $600,000

Round Date Amount Pre Amount Post Amount
Seed 12/2012 $600,000
Investors: Startup Minds

See all fundings here


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