GP Bullhound injects $3.1m into Quixel

The deal marks the first investment of the London-based VC firm's latest vehicle, GP Bullhound Fund IV, which held a first close in January 2018 on £57.7m.

The company's majority shareholders remain CEO Teddy Bergsman and vice-president Waqar Azim, both founders of Quixel.

With the fresh capital, Quixel intends to accelerate the growth of its content library and build an ecosystem of time-saving tools around its main product, Megascans.

Company
Founded in 2011 and headquartered in Uppsala, Quixel develops tools for 3D artists in the video gaming and film industry. The company's main product is Megascans, a library of scanned 3D objects and materials.

People
GP Bullhound – Joakim Dal (partner).
Quixel – Teddy Bergsman (CEO, founder); Daniel Somos (CFO).

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