Toon Square
A technology and content company that develops technologies through artificial intelligence and content.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
* | N/A Valuation: KRW39.0b | Series A | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 55 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Toon Square is a content creation technology company that emerged from Samsung Electronics' internal venture program, C-Lab, in 2017. The company was officially spun off and established as a corporation in 2019. The initial concept was born from the personal experience of CEO Lee Hoyoung, a UX designer who enjoyed creating web cartoons as a hobby but found the process too time-consuming alongside a full-time job. This led to the idea of using AI to automate and simplify much of the creative workflow. Lee, along with fellow Samsung alumni Kim GyuCheul (CFO) and Choi Hosub (CTO), founded the company, bringing extensive experience from Samsung's MX Business and R&D divisions.
The company's core offering is 'Tooning,' a SaaS platform designed to democratize the creation of webtoons, presentations, and other visual content. It operates on a freemium model, providing basic features for free and offering advanced capabilities through Pro subscriptions, with specific plans for individuals, businesses, and educational institutions. The platform's primary market includes individual creators, marketers, businesses, and a significant focus on the education sector, where it is used by hundreds of schools. Tooning's business strategy also involves partnerships, such as a collaboration with Samsung's MX division to supply a 'Meme Maker' for Galaxy devices and agreements with webtoon production companies to develop AI-driven production systems.
The Tooning platform integrates a suite of AI-powered tools. Key features include a text-to-image generator ('Tooning Magic'), an AI scriptwriter, and smart modular characters that can be easily manipulated. The platform's technology analyzes text to suggest appropriate character expressions and can generate visuals from simple descriptions. Users can create animated videos, presentations, posters, and multi-panel comics using a vast library of characters, backgrounds, and design elements without needing advanced drawing skills. Following a Series A funding round in 2022, which included investors like IPX (formerly Line Friends), CNT Invest, and N Partners, the company has been developing expanded capabilities, including 3D content integration to serve the metaverse environment.
Keywords: AI content creation, webtoon generator, SaaS, text-to-image, Samsung C-Lab, digital storytelling, character creation, education technology, visual communication, content marketing tools