Studio555 announced today that it has raised €4 million, or about $4.6 million in a seed funding round. It plans to put this funding towards creating a playable app, a game-like experience focused on interior design. HOF Capital and Failup Ventures led the round, with participation from the likes of Timo Soininen, co-founder of Small Giant Games; Mikko Kodisoja, co-founder of Supercell; and Riccardo Zacconi, co-founder of King.
Studio555’s founders include entrepreneur Joel Roos, now the CEO, CTO Stina Larsson and CPO Axel Ullberger. The latter two formerly worked at King on the development of Candy Crush Saga. According to these founders, the app in development combines interior design with the design and consumer appeal of games and social apps. Users can create and design personal spaces without needing any technical expertise.
The team plans to launch the app next year, and it plans to put its seed funding towards product development and growing its team. Roos said in a statement, “At Studio555, we’re reimagining interior design as something anyone can explore: open-ended, playful, and personal. We’re building an experience we always wished existed: a space where creativity is hands-on, social, and free from rigid rules. This funding is a major step forward in setting an entirely new category for creative expression.”
Investor Timo Soininen said in a statement, “Studio555 brings together top-tier gaming talent and design vision. This team has built global hits before, and now they’re applying that experience to something completely fresh – think Pinterest in 3D meets TikTok, but for interiors. I’m honored to support Joel and this team with their rare mix of creativity, technical competence, and focus on execution.”
