GP Bullhound’s SEK 25 million equity investment in Swedish company Quixel AB

Osborne Clarke has advised international venture capital fund, GP Bullhound Fund IV, on its SEK 25 million equity investment in Swedish company, Quixel AB.

Quixel develops tools for 3D artists, primarily in the video game and film industries. The company’s main product is Megascans, the world’s largest and fastest growing library of scanned 3D objects and materials. The funds raised will be used to accelerate the growth of the library and build an ecosystem of time-saving creative tools around Megascans.

The company’s founders, CEO Teddy Bergsman and COO Waqar Azim, remain majority owners of the company.

GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York.

Partner Mikael Moreira (picture) and Associates Kim Bergman and Isabella Palmgren from Osborne Clarke’s Stockholm office advised on the transaction.

Involved fees earner: Mikael Moreira – Osborne Clarke; Kim Bergman – Osborne Clarke; Isabella Palmgren – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: GP Bullhound;