Wrtn Technologies Raises $18.3 Million in Funding

by Kay Aloha Villamor in June 10th, 2024

Wrtn Technologies, a South Korea-based artificial intelligence startup, raised 25 billion won ($18.3 million) in funding.  


The round was led by BRV Capital Management, with participation from existing investors including Capstone Partners Inc., Industrial Bank of Korea, and Z Venture Capital.  

Founded in 1998, BRV Capital Management is a global growth investment platform that targets companies that are competitive within their respective industries. Based in Hong Kong, Hong Kong, the firm seeks to invest in growth-stage companies.  

Wrtn Technologies Use of Funds  

The company plans to expand its reach to Southeast Asia and the Middle East, maintaining a strategy of keeping its services free for most users while generating revenue through advertising and premium content.  

About Wrtn Technologies  

Founded in 2021 by Lee Seyoung and five friends, Wrtn Technologies has developed an AI platform, WRTN, that assists in easy and convenient AI utilization in everyday life. It aggregates multiple large-language models such as OpenAI Inc.'s ChatGPT-4, Stable Diffusion 3, and Anthropic PBC's Claude 3. The platform has garnered 3.7 million users across Korea and Japan.  

Funding Details                                                            

Company: Wrtn Technologies Inc.  

Raised: $18.3M                                                   

Round: Unknown   

Funding Month: May 2024                                     

Lead Investors: BRV Capital Management   

Additional Investors: Capstone Partners Inc., Industrial Bank of Korea, Z Venture Capital  

Company Website: https://wrtn.io/   

Software Category: AI Writing Assistant  

Source: https://finance.yahoo.com/news/korean-ai-startup-wrtn-raises-011704201.html 

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