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Business Canvas, the company document management SaaS behind Typed, has announced a $2.5M seed round led by Mirae Asset Venture Investment. The seed funding will be used to speed up product development and the global open beta launch of its AI-powered document management platform.
Business Canvas, the South Korean document management SaaS company behind Typed, has announced that it has raised $2.5 million in a seed round led by Mirae Asset Venture Investment. Other participants include Nextrans Inc and Kakao Ventures.
The seed round will be used to accelerate product development and the global launch of its AI-powered document management platform’s open beta. To accelerate its global expansion, the company opened an office in Santa Clara, California, this year.
The issue that Business Canvas has identified and is developing solutions for is the difficulty that people who are tasked with ingesting information and producing writing or making decisions based on its face: lawyers, entrepreneurs, researchers, students, and communications workers such as journalists.
Business Canvas, founded in 2020 by CEO Woojin Kim, Brian Shin, Seungmin Lee, Dongjoon Shin, and Clint Yoo, aims to solve the problem that every knowledge worker and writer faces: spending more time on research and file organization than on the actual content output that needs to be created.
In fact, people commit over 30% of their working hours trying to search for that file we once saved in a folder that we just cannot find anymore.Woojin Kim, CEO at Business Canvas
Modern document writing has not changed since the 1980s. While we have more knowledge at our fingertips than ever before, we use the same rudimentary methods to organize and make sense of it. We want any writer — from lawyers and entrepreneurs to researchers and students — to focus on creating great content instead of wasting time organizing their source material. We achieved this by making knowledge management more like the way our brain operates.Clint Yoo, Cofounder at Business Canvas
Typed has seen significant user growth since the launch of the closed beta test in February 2021, with 25,000 files uploaded and 350 percent month-over-month active user growth. It does not disclose active user numbers, but it states that there are currently over 10,000 people on the waitlist.
Typed will be available on a freemium basis, and beta registrations are currently being accepted on the company’s website.
While the company is still in its nascent stage in its development, Typed has the potential to fundamentally change how we work individually or as a team. If there is a business to take on our outdated way of writing content, it’s them [Typed].Shina Chung, Kakao Ventures CEO