Magic Carpet has been described by industry experts as the emerging “Disney of Africa”. The vision of the studio is to tell authentic African-themed stories through animation that are relevant to Africans and the world at large. We have trained over 100 animators as part of our commitment to building this industry and remain committed to developing human capital, particularly in the field of animation, game development, illustrators, scriptwriters, and digital skills in Africa.
We would like to invite you to participate in our series A fund-raising scheme. We are currently raising a pre-seed round of $10,000,000 at a pre-money valuation of $50M. The capital from this pre-seed round will be used to scale our studio into an industrial animation hub (25% of funds), invest in more talents (25%) and develop more IPs and produce 5 animated features and 3 animated series within the next five years (50%) Estimated returns on this investment is at 45% IRR and 6X MOC over the five-year perio