DEAL TALKS: Ivar Siimar of Trind Ventures talks about leading the $1,3M funding round to Wolf3D

24 August 2020
Tags: Trind VC
This time our DEAL TALKS met Ivar Siimar, partner at Trind Ventures to talk about their recent $1,3M funding round to Wolf3D.

Wolf3D is an Estonian startup building a virtual identity platform for games and VR. Founded in 2014, Wolf3D’s team has since built a successful avatar business and technology, working with many of the top 10 game and VR developers. The startup is now making its technology available for small and mid-sized developers and providing the first selected companies their avatar creation solution for free.

Here’s what Ivar said:

1. What makes Wolf3D unique?
A few words on their uniqueness/competitive edge?
We are excited to be able to work with the energetic Wolf3D team that has developed an ambitious vision. Timmu Tõke, Kaspar Tiri, Haver Järveoja, and Rainer Selvet have built avatar related technologies since 2014 and are globally known experts in the industry. Wolf3D’s technology gives users a chance to create realistic avatars for VR and games. Their platform allows anyone to create a personal full-body avatar from a selfie that’s “transportable” between all of the games they are integrated with. Wolf 3D is able to support different artistic styles of avatars that make it suitable for various genres.

2. How is the investment used?
What are they aiming to achieve with the investment now on board, e.g. name key milestones for the next 12 months?
The team will focus on developing platform further. It is comforting to see how many industry contributors have shown interest in working with Wolf3D. With the new investment, the team has an opportunity to grow with the best specialists and accelerate development.

3. Impact and diversity
How do you assess the impact of their business and how diverse is the team?
People are increasingly engaging with each other through games and other forms of virtual worlds. Wolf3D helps its users to develop their identities in a virtual yet transparent way. The team at Wolf3D is international and diverse, consisting of people from 8 nationalities. The company supports remote-first thinking that gives its team members more flexibility to work from wherever they prefer.

Key advisors of the deal
Eversheds-Sutherland in Estonia and Paul Ellis Law Group LLC from the US side were the legal advisors. Civitta helped with DD. Thanks to all of them for a great job.

Additionally, we want to thank the co-investors investors from Estonia and elsewhere. Spring Capital, Contriber Ventures, EBS, Insta VC, Koha Capital, Presto Ventures and industry-related business angels that invested together with
Photo: Wolf3D team. From left Haver Järveoja, Timmu Tõke, Rainer Selvet and Kaspar Tiri.

  • Read more on the investment HERE
Further information
Ivar Siimar
Trind Ventures

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