MakieLab, a London-based startup that 3D printed and sold custom dolls, has officially shuttered, with a partial exit to Disney. TechCrunch understands that the U.S. entertainment company acquired MakieLabs tech and assets as early as July last year, a story that I have tried but failed to nail down ever since. Until now, that is.
In a post on MakieLabs official Facebook page published on the 18th of February, the company confirms that it is no longer an independent entity but doesnt quite go as far as disclosing the new owner, citing a non-disclosure agreement.
The company has already partially relocated to the U.S. after it got accepted into Disneys startup accelerator.
Makies technology and platform has been successfully acquired by a fantastic U.S. media behemoth, who we hope will do something wonderful with it very soon, writes MakieLab.
We tried to continue on the Makies world-takeover independently, but the dream had to end, for all sorts of 2016 ewww -reasons. We hope our new owner can achieve what we couldnt on our own for you. Thank you, new owner, you are our only hope! it adds quoting the movie Star Wars (which, incidentally is a franchise now owned by Disney).
You dont need to see terms of the deal These arent the acquirers youre looking for.
According to two sources with knowledge of the deal, Disney is indeed the acquirer of MakieLabs technology and platform. Ive not been able to pin down how much money exchanged hands, though Im told by one source that some money went to the founders. Whether or not seed investors, such as Sunstone Capital or Lifeline Ventures, saw much of a return is unclear but seems unlikely.
And as if it wasnt obvious enough that Disney is the acquirer, according to her LinkedIn profile, MakieLab CEO and founder Alice Taylor is now Director, StudioLab at The Walt Disney Studios.