Colossyan raised €1 million in a seed funding round led by Day One Capital.

Colossyan, a Berlin, Germany-based SAAS developer of a programmatic video generation tool, announced raising €1 million ($1.2M) in seed funding,

The money was raised from investors led by Day One Capital, a Budapest-based venture capital firm focusing on early stage startups in Central and Eastern Europe. In addition, the early-stage VC APX, backed by Axel Springer and Porsche, and angel investors Mikal Hallstrup (founder of Designit) and Akos Kapui (VP of Engineering at Shapr3D) also contributed to the round.

Colossyan, founded in 2020 bY CEO Dominik Mate Kovacs, develops synthetic media generation technology to maximize conversions by personalizing and giving a face to your communication. The company launched its video generation platform in early 2021 and is still in a beta version with a froup of customers from media anf dinance industries.