Spire Animation Studios Nabs New Funding from Singapore’s Temasek
Summary
The new funding supplements Spire Animation Studios financing led by Epic Games along with existing investor Connect Ventures, an investment partnership formed by Creative Artists Agency (CAA) and New Enterprise Associates (NEA), bringing Spires total amount raised since its founding in 2020 to $40+ million.The investment enables Spire to continue building out the team, tools, real-time pipeline, and cloud-first infrastructure needed to produce the highest quality animated feature films with stronger collaboration and greater efficiency. The studio will also create immersive worlds designed for interactive platforms that build on their existing stories and enable fans to authentically engage. The studios real-time pipeline developed using Epics Unreal Engine will help create projects involving interactive media, including games, virtual reality and augmented reality.Adding Temasek to our existing set of outstanding partners Epic Games, CAA and NEA will help us realize our vision of bridging feature-quality linear and non-linear animated content, says Spires co-Founder and CEO P.J. Gunsagar, Spire Animation aims to tell original, culturally relevant stories that resonate with audiences worldwide, partnering with both best-in-class talent and emerging creatives. The film, which is about a 13-year-old who is swept into a parallel universe known as World of Trouble (Lewis created the story with Kevin Barnett and Chris Pappas) is set for 2024 release.