REALDRAW, a South Korean AI-based webtoon production company, has raised 2.2 billion won (approximately $1.8 million) in pre-Series A funding.
SaaS Investors
The round was led by Altos Ventures, with participation from The Yoonmin Foundation, following up on their initial seed investment.
Founded in 1996, Altos Ventures is a venture capital firm headquartered in Burlingame, California. The firm seeks to make early-stage investments in the consumer and enterprise sectors.
REALDRAW Use of Funds
The company will use the funding for business development and the expansion of global projects.
About REALDRAW
Established in June 2023, REALDRAW is a developer of a webtoon artificial intelligence tool designed to help writers bring their imaginations to life. The company's tool helps writers demonstrate their skills through the correct use of artificial intelligence to deliver the highest quality work to readers, helping writers create high-quality webtoons more efficiently and creatively. REALDRAW plans to collaborate with renowned artists and undertake global-level projects, such as IP remakes, to become a content supplier based on technological innovation.
Funding Details
Company: REALDRAW, Inc.
Raised: KRW 2.2B
Round: Pre-Series A
Funding Month: December 2023
Lead Investors: Altos Ventures
Additional Investors: Yoonmin Foundation
Company Website: https://realdraw.ai/
Software Category: Webtoon AI Tool
Source: https://wowtale.net/2023/12/12/68088/