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Creative Fabrica raises $61 million for generative AI.

26 Jan, 2023
Transaction Services: 2CFinance performed financial due diligence for Creative Fabrica.

Creative Fabrica, a digital marketplace for artistic assets, tools, and masterclasses based in Amsterdam, has raised $61 million in a funding round led by Alven, LionTree, TriplePoint, Peak, Felix Capital, and FJ Labs. The platform offers a library of premium content, including fonts and special patterns, and graphic assets available through membership. Recently, the startup launched a suite of tools that uses generative AI called CF Spark to allow creators and designers to generate content using text-to-image conversion.

Founded in 2016 by Anca Stefan and Roemi Hillenaar, Creative Fabrica has already gained 4 million users and over 150,000 premium subscribers. Its products are sold in 175 countries, mainly in the US, UK, Canada, and Australia.

The fundraising will allow Creative Fabrica to expand its offerings and improve its platform. The funding round saw investments from several top-tier venture capital firms, including Alven, which has also invested in other successful startups like Algolia, Dataiku, and Drivy. LionTree, a global investment firm, and TriplePoint, an investment firm focused on technology and healthcare, also participated.

Peak, a private equity firm that invests in technology, and Felix Capital, which has backed successful startups such as Peloton and Deliveroo, also contributed. FJ Labs, a venture capital firm founded by Fabrice Grinda, who has previously invested in companies such as Alibaba, Uber, and Airbnb, also joined the funding round.

This investment is a significant milestone for Creative Fabrica and indicates the growing importance of generative AI in the creative industry.

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