Quixel has raised $3M from GP Bullhound and Back in Black.

Quixel, a Stockholm, Sweden-based company providing high-end texturing solutions for art tools for the Games, Archiviz and VFX industries, announced securing SEK 25M ($3M) in a capital investment round.

The investors of the round are GP Bullhound and Back in Black Capital, and the company’s founders, CEO Teddy Bergsman and COO Waqar Azim, remain majority owners of the company.

Quixel, founded in 2011, develops tools for 3D artists, primarily in the video game and film industries. Based on that, the company also built Megascans, an online-based library of scanned 3D objects and materials.

Quixel developed its technology starting from the vision of a future where game environments would become completely photorealistic and where a majority of films would rely entirely on computer-generated environments. This future would be characterized by high-quality 3D scanning - as such they built their hardware and software and established a scanning team in order to create the world’s largest library of objects and materials.

In 2016, the latest public recording in the Swedish accounts show that Quixel made almost SEK 18M ($2.2M) in sales and that it was profitable.

The funds raised will be used to accelerate the growth of the library and build an ecosystem of time-saving creative tools around Megascans.