# Cartwheel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cartwheel-2

- Industry: Software
- Headquarters: New York, US
- Website: https://getcartwheel.com
- Total disclosed funding: $14M
- Latest round: Seed (Dec 23, 2024)
- Investors on record: 11

## About

Based in New York, US, and founded in 2023 by CEO Jonathan Jarvis and Andrew Carr, Cartwheel Inc., a.k.a. Cartwheel operates as a provider of a text-to-animation platform that enables customers to create animations for videos, games, and movies, all without any prior animation experience. In December 2024, Cartwheel Inc. raised USD 8.75 million in seed funding led by new investor Craft Ventures, with participation from other new investors WndrCo, TIRTA and Runway Fund. Returning investors Accel, Khosla Ventures, MVP Ventures and Human Ventures also participated in the round. The company provides a text-to-animation platform that transforms typed text into animated characters for videos, games, apps, ads, social media, AR, and VR projects. The platform supports 3D editors like Maya, Blender, and Cinema 4D, as well as game engines such as Unreal Engine and Unity. The platform also offers features like motion capture generation, editable animations, and stylized motion, all of which are exportable in standard 3D formats. The company will use the December 2024 funding to accelerate R&D, attract new talent, train its motion models and ramp up marketing efforts.

## Funding rounds

- Seed, Dec 23, 2024, $8.8M — Accel, Khosla Ventures, Human Ventures, WndrCo, Craft Ventures, Runway AI, Inc., MVP Ventures, TIRTA
- Seed, Jun 5, 2024, $5.6M — Accel, Pelion Venture Partners, Khosla Ventures, Correlation Ventures, MVP Ventures, Human Ventures, Heretic Ventures

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed
- MVP Ventures (https://capitalatlas.ai/funds/mvp-ventures) — Seed
- Human Ventures — Seed
- Heretic Ventures (https://capitalatlas.ai/funds/heretic-ventures) — Seed
- WndrCo (https://capitalatlas.ai/funds/wndrco) — Seed
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Seed
- Runway AI, Inc. — Seed
- TIRTA (https://capitalatlas.ai/funds/tirta) — Seed