Scriptic raises $5.7m in a seed round led by BITKRAFT Ventures to expand its interactive content pipeline.
The London entertainment studio secured the capital from backers including BITKRAFT Ventures and the Amazon Alexa Fund to scale its artificial intelligence production tools.
≈ £4.5M at $1 = £0.7928 on 29 Jun 2023
Scriptic is a London-based entertainment studio that produces interactive mobile shows using generative artificial intelligence alongside human writers.
London-based studio Scriptic has raised $5.7m in the second close of its seed round, bringing its total seed funding to $8.2m. The investment was led by BITKRAFT Ventures, with backing from Tower 26, the Amazon Alexa Fund, and other participants.
The fresh capital will be directed towards expanding the company content pipeline, onboarding external writers to its artificial intelligence creator service, and growing its internal team across technical, production, and creative roles.
The studio focuses on building mobile-first interactive dramas, including its BAFTA-nominated title Dead Man Phone and Netflix release Scriptic Crime Stories, with long-term ambitions to open its tools for user-generated content.
From the founder
"Today’s funding, from an incredible cast of new and returning investors, will empower us to pursue our vision of becoming the ‘Roblox of narrative’. We’re excited about building out our pipeline of interactive shows across new and existing IPs, opening up our community for user-generated content, and taking the next step in our ambitious company journey."
Nihal Tharoor
CEO at Scriptic
Investor perspective
"At BITKRAFT Ventures, we firmly believe in Scriptic’s vision of bringing live-action interactive entertainment to GenZ and Millennial audiences through smartphones. By providing users with a true sense of agency by shaping their own interactive narratives, Scriptic redefines the boundaries of immersive experiences and interactive storytelling leveraging a unique AI-based production pipeline. We are excited to back the team at Scriptic as they usher in a new category of entertainment by blending game mechanics, AI, virtual influencers, storytelling, and compelling user-generated content on smartphones and multiple social media services."
Malte Barth
Founding General Partner, BITKRAFT Ventures
Use of funds
- 01Continue product development
- 02Grow the team