# Flitto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flitto

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.flitto.com/
- Total disclosed funding: $11M
- Latest round: Series B (May 12, 2016)
- Investors on record: 6

## About

Flitto Inc., based in South Korea, is a crowdsourced translation service provider, specializing in multilingual data solutions for AI development and real-time interpretation across various sectors.Founded in 2012 in Seoul, South Korea, Flitto Inc. provides a platform connecting users with professional translators and community contributors. The company raised KRW 38.3 billion in July 2019 through an IPO on KOSDAQ, selling 1.4 million shares at KRW 26,000 each. The founders include Donghan Kang, Jingu KIM, and Simon Lee. To date, Flitto has completed 6 deals, with the most recent funding round raising KRW 497.310 million, representing the total amount raised and a company valuation of KRW 70,585.076 million.Flitto specializes in multilingual data solutions, primarily through its Flitto Translate crowdsourced translation platform. This platform efficiently connects users seeking translation services with a network of professional translators and community contributors. Flitto's offerings include Chat Translation, Enterprise Live Translation, and an API Solution, catering to businesses in technology, e-commerce, and entertainment sectors, primarily in North America, Europe, and Asia.Flitto generated revenue of KRW 14,894.1 million in 2024, with an EBITDA of KRW 492,895 million. The revenue model includes subscriptions and direct service engagements, allowing clients to manage their translation needs efficiently while ensuring a consistent revenue stream for the company through various pricing models for services like Chat Translation and Live Translation.Flitto Inc. plans to expand its offerings with new products aimed at enhancing translation efficiency and user experience. They are targeting specific markets in North America, Europe, and Asia for expansion. The recent funding will support product development and market entry initiatives, enhancing their capabilities to serve a broader client base. The company aims to launch these new products by mid-2024, leveraging the capital raised in their latest IPO to facilitate growth.

## Funding rounds

- Series B, May 12, 2016, $7.7M — SBI Investment Korea, Atinum Investment, DSC Investment, Premier Partners
- Series A, Feb 14, 2015, $3.2M — Atinum Investment, Stonebridge Capital, DSC Investment, Seoul Private Equity
- Seed, Sep 14, 2012, $0.4M — DSC Investment

## Investors

- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Seed, Series A, Series B
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series A, Series B
- Stonebridge Capital (https://capitalatlas.ai/funds/stonebridge-capital) — Series A
- Seoul Private Equity (https://capitalatlas.ai/funds/seoul-private-equity) — Series A
- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series B
- Premier Partners (https://capitalatlas.ai/funds/premier-partners) — Series B