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Unicorn Elevenlabs Supports Wondercraft’s $3M Seed To Empower Everyone To Be An Audio Creator With AI

Four men and one woman sitting on a couch
Image credit: Wondercraft’s team
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Only have 1 minute? Here are 3 key takeaways: 

  • Wondercraft, a Greek co-founded audio content tool, closed a $3M Seed round led by Will Ventures and supported by Y Combinator, unicorn ElevenLabs, and angel investors including British entrepreneur and podcaster Steven Bartlett.
  • Founded last year, the startup aims to enable people to craft and tell stories, providing them with access to various audio tools. 
  • The investment will be utilized in further development of the platform.

 

Wondercraft, an AI audio content tool with a Greek co-founder, closed a $3M Seed round, led by Will Ventures and backed by Y Combinator, ElevenLabs, the company that became the first unicorn in CEE for 2024, Steven Bartlett, host of the Diary of A CEO podcast, and other angel investors. 

The funding will be used to further build out the capabilities of the platform and expand the features available by scaling its ‘Canva of audio’ platform, as Wondercraft names it.

Wondercraft was founded in 2023, with a beta version, by Palantir engineers Dimitris Nikolaou and Youssef Rizk, and Oskar Serrander, a former executive at Spotify. They aim to bring together creator industry experience with engineering skills by making it part of every creator and brand’s toolkit.

Wondercraft’s goal is to enable users to add professional audio to a range of creative projects. Their templates provide personalized AI script assistants, music and video generation, and AI voices developed to assist users in crafting audio in different languages. According to the company’s data, they have more than 30K creators, writers, entrepreneurs, advertisers, and brands using their solution.

“Canva made everyone a designer – we want to empower everyone to be an audio creator. The incredible breakthrough in human-like synthetic voices, pioneered by our partners at ElevenLabs, was the catalyst for us to pursue our vision of a creative platform dedicated to audio”, shared Dimitris Nikolaou, the Greek co-founder of the company. The team is currently based in London, UK. 

Read more:  DRUID's $30M Series B Fuels Ambition to Lead Global Conversational AI Market

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https://therecursive.com/author/teodoraatanasova/

Teodora Atanasova is a News Editor at The Recursive. She covers everything around funding rounds, exits, startups expanding to international markets, big tech opening R&D in CEE, meaningful for the ecosystem partnerships.