Indico invests in Hollywood nominee software company Sound Particles

Dear Friends and Supporters,

We are very happy to announce our first investment. SoundParticles is a great example of what we are looking for - a passionate and resilient team with a superior product that has proven its value to the market. We are proud to back them and look forward to help them overcome the challenges ahead.   

Kind Regards,
Stephan Morais
Managing General Partner
3D audio design software company raises 400k Euros pre-seed investment

Indico Capital Partners, who recently completed the first closing of its early stage venture capital fund, just announced its first investment in the form of a 400 thousand Euros pre-seed round into Sound Particles, a 3D audio sound company based in Portugal but better known in Hollywood for its unique sound design software.

Over the last 2 years, the 3D audio software company has been revolutionizing audio design and was used in over 40 movies and blockbuster hits such “Aquaman”, “Cars 3”, “Batman v Superman”, “The Mummy”, “Wonder Woman”, “Justice League”, “Ready Player One” or “Independence Day 2” and is widely recognized by sound designers as a major breakthrough software in their industry.

The 400 thousand Euros round, led by Indico and joined by REDAngels, will enable the company to complete its transition into a SaaS business model and to start addressing the very large gaming and VR (virtual reality) markets.

Nuno Fonseca, founder and CEO and sound design PhD stated that “what happened with the advent of Computer Graphics in the movie industry is now being replicated at the sound level by Sound Particles – it’s a major revolution. We are delighted to have the backing from the Partners at Indico given their hands-on approach and past track record, to help take us into a new level of global ambition.”

Stephan Morais, Managing General Partner of Indico mentioned that “Sound Particles is a truly superior software that is perfect to produce major complex movies and battle scenes, so also perfect for gaming and VR. We are very happy to back such a knowledgeable and dedicated team that has already proved itself globally.”

One of the company’s star products (“Doppler + Air”) has just been nominated for the prestigious Cinema Audio Society awards (Hollywood sound mixers association), whose ceremony will occur the 16th of February in Los Angeles. Sound Particles was also one of the finalists for the scientific awards of the Academy (Oscars) in 2018. US professional audio magazine Mix, has recently considered Sound Particles as one of the future companies to watch in the industry.

Horizon 2020, EFSI and Portugal Tech
The fund is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Funds for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing. It is also co-financed by Fundo de Capital e Quase Capital (FC&QC) managed by IFD - Instituição Financeira de Desenvolvimento, S.A. through the Portugal Tech facility managed by the European Investment Fund (EIF).

Copyright © 2019 Indico Capital Partners, All rights reserved.

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