Gran Canaria public fund backs animation studio Gigglebug with €150,000
What's the deal? The Sociedad de Promoción Económica de Gran Canaria (SPEGC)Dealroom has a profile for this one. Try Dealroom →, a body of the Gran Canaria island council, has invested €150,000 in Gigglebug CanariasDealroom has a profile for this one. Try Dealroom →, a 2D animation studio based on the island. The early-stage round came through Innverpyme, the SPEGC financial instrument that backs technology and innovation SMEs in Gran Canaria.
What's the endgame? Gigglebug Canarias is an international studio offering full production services. It plans to grow its team to 60 people in 2026, hiring specialists in storyboard, animation, rigging, production, and management.
What's the money for? The funding will support that hiring plan and upgrade the studio's facilities with new computing systems. It also backs a business model that combines high-quality production services for large multinationals with the creation of its own intellectual property.
The studio is based in the Pasarela building, a space the SPEGC manages to house digital creative companies.
The signal: The deal reinforces the Digital Crea Gran Canaria initiative, backed by the island council, which aims to position Gran Canaria as a hub for digital creative industries — particularly animation.
Read more: capital-riesgo.es
Image credit: OpenCurso
