Investment & Fund Management

Sound Particles, a company based in Portugal, faced the challenge of scaling its innovative sound design software, which allows users to create complex 3D soundscapes efficiently. Founded by Nuno Fonseca in 2016, the company initially operated with a small team of three, relying on bootstrapping to develop its product. The software, which significantly reduces the time and resources needed to create intricate sound environments, had already attracted attention from major Hollywood studios and video game developers.

To address the need for growth and to enhance its development capabilities, Sound Particles sought equity investment. In 2018, the company received funding from Indico Capital, which is backed by the European Investment Fund (EIF) under the EU’s Investment Plan for Europe. This investment was pivotal, allowing Sound Particles to expand its team to around 10-11 members, bringing in additional developers and strengthening its business operations. The support from Indico Capital also included mentoring and advisory services, which facilitated the company's growth trajectory.

As a result of this tailored solution, Sound Particles was able to accelerate its development process and enhance its market presence, ultimately positioning itself as a leader in the audiovisual technology sector. The investment not only provided financial backing but also strategic guidance, enabling the company to navigate the complexities of scaling a tech startup in a competitive industry.