Floating Rock Studios VFX Company Secures Seed Funding
Auckland, New Zealand-based financier Hillfarrance Venture Capital is backing a team of former Weta Digital employees in their new Wellington-based VFX venture, Floating Rock Studios.
Founded in 2020 by Laurent Herveic, Lukas Niklaus, Stephanie Parker and Garrick Rawlingson, Floating Rock Studios markets itself as a provider of high-end animation and visual effects for films, commercials and video game cinematics.
Peter Jackson’s Weta Digital tech unit was acquired by game development platform Unity Software in late 2021 for $1.63 billion.
The Floating Rock founders have combined their experience on films for major studios, including “Aladdin”, “The Angry Birds Movie”, “Avengers: Infinity War”, “The Hobbit 3”, “Hotel Transylvania”, ” Justice League,” “Jungle Book,” “Peter Rabbit 2,” “Smurfs: The Lost Village,” and “Spider-Man: Into the Spider-Verse,” which won the Oscar for Best Animated Feature.
Hillfarrance is a NZ$35 million ($21.6 million) seed-stage venture capital fund that invests in bold Kiwi founders developing cutting-edge innovations in media, artificial intelligence and technology. climate change. Its injection of NZ$1 million ($925,000) into Floating Rock as part of a seed funding round would be crucial to the company’s ability to grow and work on its slate of future projects. come.
“When we first started investing in New Zealand entrepreneurs, we believed there was a wealth of bold and exceptional talent in the highly prestigious local visual effects industry,” said Rob Vickery, Managing Partner and Founder of Hillfarrance. .
“When we heard that [the Floating Rock founders] had left Weta to build a next-gen VFX studio, focusing on a cloud-based model and working extensively in the gaming business, we dove in headfirst. The icing on the cake is that they have already reached a seven-figure rate of income without raising a penny of capital.
“Our industry is on the verge of a new renaissance and its future will be guided by those who have attracted the best artists – and with that, the best ideas. We are building our infrastructure to empower our team and unleash their full potential, and to build an artist’s dream business,” the Floating Rock team said.
“We have so much in the planning stages that will expand our client portfolio, our IP development and our talented team that this new alignment with Hillfarrance is sure to be a seismic shift in the growth of our business. As newly appointed Principal Financier, we value their principles of truly investing in the people who make up our team at Floating Rock. We know this is the start of a beautiful New Zealand-style friendship.
Floating Rock’s sizzle reel can be viewed here: https://vimeo.com/735671358