Explainer video producer simpleshow raises $15 million

Luxembourg’s simpleshow, an explainer video producer, has raised $15 million from BIP.

The company develops tools for creating explainer videos and last year released mysimpleshow.com, which automatically creates videos from text. It has offices in ten cities.

“The new funding will promote international growth, further development of mysimpleshow.com and ongoing digitalisation of the company. It accelerates our momentum, helping us to accomplish our mission to provide the best explainer video solutions to anyone,” said CEO Karsten Boehrs.

BIP managing director Katrin Wehr-Seiter and investment director Natalia Sutugina of BIP will join the board of the company.

“simpleshow has exciting growth perspectives based on very attractive market dynamics and the company’s profound expertise, strong customer relationships and technical innovation,” said Wehr Seiter. “We are looking forward to support simpleshow in its next growth phase.”