700 Billion Won Deal Webtoon and Web Novel Author Platform 'Postype' Secures 10 Billion Won Investment

Creator Economy Startup
Secures 10 Billion KRW Series B Funding
Recognized for Content and Story IP Potential

[Asia Economy Reporter Kim Bo-kyung] Creator economy startup 'Postype' announced on the 15th that it has completed a Series B investment round worth 10 billion KRW. The total accumulated investment amount to date is 12.3 billion KRW.

This investment was led by Suigenesis Partners. Existing investor Atinum Investment and new investors Shinhan Venture Investment, We Ventures, KB Investment, and Playmake Ventures also participated.

Launched in 2015, Postype is a creative content platform where anyone can generate revenue. It provides features that allow content creators such as webtoon and web novel artists to easily sell their works or receive sponsorships from fans. Since the service launch, the accumulated transaction amount is approximately 70 billion KRW, and over the past year, about 10 creators have earned more than 100 million KRW each.

This investment was made in recognition of the potential of the story intellectual property (IP) accumulated within Postype, including webtoons and web novels. Currently, more than 3 million publicly issued contents (posts) are available on Postype.

Through this investment, Postype plans to expand the Postype Partners program, which supports the growth of creators such as webtoon and web novel authors and develops IP business. Postype Partners is a program that provides customized support according to the growth stage of creators, from discovering creators to collaborating on IP planning and production. They also plan to add store functions where creators can sell goods, publications, and other products.

Shin Gyu-seop, CEO of Postype, said, "With this investment as an opportunity, we will strengthen the story creation ecosystem that will lead to IP expansion and focus on providing creators with a stable creative environment to generate revenue, establishing ourselves as a solid leader in the creator economy."

This content was produced with the assistance of AI translation services.