Munich-based VidLab7, which uses AI to transform sales processes through synthetic media and generative AI technologies, has secured €3.5 million in a seed funding round led by EQT Ventures, with participation from 10 business angels. The fresh capital will be used to advance its platform, including a major update to the Eclipse 7.2 AI Model.
- Founded in 2024 by Fabian Beringer and Georgi Anastasov, VidLab7 offers an AI-driven synthetic media platform that creates scalable, personalized videos. The technology is designed to enhance sales, outreach, up-selling, cross-selling, and customer success by providing highly personalized content that boosts engagement and conversion rates.
- The startup claims its technology delivers up to 10 times higher engagement and fosters long-term loyalty with its hyper-personalization capabilities.
“The potential of AI in transforming customer interactions is immense. At VidLab7, we are committed to harnessing this potential to create impactful, personalized experiences at scale," CTO of VidLab7, Georgi Anastasov, stated.
- VidLab7 employs a team of 10 and serves around 20,000 users, including firms like NeoTaste, Flowers, NIUM, LivePerson, and Delicious Data.
Details of the deal
- The fresh capital was led by EQT Ventures, a Stockholm-based multi-stage VC fund with a portfolio comprising 91 startups, 204 investments, and 29 exits, including notable companies such as Onramper, Luko, Siilo, and AirKit. The round also saw participation from 10 business angels.
- With the secured funding, VidLab7 will accelerate product development, enhance its AI capabilities, and bring its groundbreaking solutions to market.
“Securing this funding is a major milestone for VidLab7. It validates our vision and allows us to accelerate our efforts to revolutionize customer outreach. We are thrilled to have the support of EQT Ventures and our super angels as we embark on this exciting journey," CEO of VidLab7, Fabian Beringer, commented.
