South Korean document management SaaS company Business Canvas has raised a $2.5 million seed round led by Mirae Asset Venture Investment, with Kakao Ventures and Nextrans Inc participation. The company has developed the easy-to-use online workspace Typed.
Company to utilize funds for the global launch of ‘Typed’
The company will be using the investment to accelerate product development and for the global launch of its open beta for its AI-powered document management platform. Business Canvas opened an office in Santa Clara, California, in 2021. Business Canvas, founded in 2020, builds solutions useful for those in the profession of ingesting information and producing writings or decisions based on that like lawyers, entrepreneurs, researchers, students and communications workers like journalists.
Its solution, Typed brings information from different websites and applications into one simple-to-use and quick-to-learn digital workspace. Typed also ensures user discretion keeping information and data confidential. The platform does not access the content of users’ documents but utilizes them as machine learning data. Typed was launched as a closed beta test in February 2021. It has seen significant user growth, with 25,000 files uploaded and 350% month-over-month active user growth. Typed will be available through a freemium model and is currently accepting beta registrations on its website.