German AI startup Oxolo closes a €13M Series A round

Oxolo is a startup providing generative AI solutions for text-to-video applications. Here are details of Oxolo‘s latest funding round :

🚀 Launch

2020

🏭 Industry

Ai

🧠Management

Heiko Hubertz (Founder & CEO), Elisabeth L’Orange (Co-Founder & CCO), Nicolas Meibohm (Head of Business Development)

💸 Funding & Investors

INVESTMENT (October 2023)€13 million (Series A)
INVESTORS (October 2023)led by DN Capital with participation from Christian Vollmann, Johannes Plehn, Thomas Hagemann, Stefan Wiskemann, Alex Täubert, and Mischa Ruerup.

🎯 Funding purpose

Advance its research and development efforts, expand its team, and expedite the commercialization of their AI solutions.

🌐 Country HQ

Germany (Hamburg)

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