Baobab Studios has raised $25 million to create a new kind of animated film entertainment in virtual reality. The company has already launched successful VR animated shorts such as Invasion!, a funny title dreamed up by Baobab’s creative team, which includes Madagascar director Eric Darnell, a cofounder of Baobab.
The success of Invasion! and its subsequent episode Asteroids! — as well as the pedigree of the company’s founders — have made Baobab into a very valuable startup. Baobab has raised $31 million to date.
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