general news

Raiven Capital invests in AI-driven visual artists marketplace Scopio

Raiven Capital invests in AI-driven visual artists marketplace Scopio
Raiven Capital invests in AI-driven visual artists marketplace Scopio

An early-stage venture fund based in Canada, Raiven Capital, has reportedly announced that it has invested in Scopio, an AI-driven visual platform that enables artists from everywhere to sell their art, photography, illustrations anywhere. Presently, artists from around 150 nations are represented on the website.

Other participants in the round include DV Collective, Lightspeed Ventures, and other angel investors like Joanne Bradford, Ex-President of Honey, VC Andrew Ogawa, and Gaingels.

Venture Partner at Raven Capital, Anna Shen, apparently stated that the mission of Scopio is to support artists by enabling the monetization of their work. The platform presents opportunities to 99 percent of artists that have not been able to monetize their art. Founder and Chief Executive Officer Christina Hawatmeh and her team have a well-built vision in which the company believes, according to Shen.

Paul Dugsin, the General Partner at Raiven Capital, supposedly commented that the company extended a welcome to Nour and Christina, Scopio’s first female founders, sourced by its partner Anna Shen, which is a celebration of the company’s diversity.

Hawatmeh added that Scopio is delighted to have a strategic investor like Raiven. The company shares a common philosophy of innovation being a global phenomenon. Raiven brings a substantial network of relationships, expertise, and value.

The General Partner at Raiven Capital, Supreet Manchanda, reportedly said that the creator economy is in the nascent stage and that the company is delighted to be a part of it.  Manchanda added that Scopio has recognized a crucial social requirement and has developed an appealing technical solution that will enrich the visual storytelling of the world.

Currently, customers are demanding complete life representations, particularly millennials who want to see legitimate images of the real world. Scopio's Co-Founder, Nour Chamoun, supposedly said that the company’s AI is equipped to be accountable and responsible, identifying and telling the stories of the world and helping root out any sorts of biases.

Source credits:

https://www.businesswire.com/news/home/20210804005490/en/Raiven-Capital-Invests-in-Scopio-An-AI-Driven-Visual-Artists-Marketplace

About the author

Sunil Jha

Sunil Jha has been a part of the content industry for close to two years. Having previously worked as a voice over artist and sportswriter, he now focuses on writing articles for newsorigins.com, across a slew of topics, ranging from technology to trade and finance. With a business-oriented educational background, Sunil brings forth the expertise of deep-dive research and a strategic approach in his write ups.