# Toonation

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

- Industry: Software
- Headquarters: Seongnam, South Korea
- Website: www.toothlife.co.kr
- Total disclosed funding: $1.7M
- Latest round: Series A (Jul 31, 2020)
- Investors on record: 1

## About

Based in South Korea, Toonation operates as a provider of digital content solutions, enhancing user engagement and monetization for content creators within the online entertainment sector.Toonation, founded in 2014 in Seongnam, South Korea, focuses on developing innovative solutions for digital content creators. The company received Series A funding of KRW 2 billion on July 31, 2020, from Mirae Asset Venture Investment, raising a total of KRW 1,999.887 mn. The current company valuation stands at KRW 28,920.771 mn. Yeon-seong Chu is the CEO of the company, overseeing its operations and strategic direction.Toonation, officially known as ???? ????, specializes in developing solutions that enhance user engagement and monetization for the online entertainment industry. Their core offerings focus on interactive streaming services and tools for real-time audience connection. Targeting individual creators and small to medium-sized enterprises, Toonation allows effective content monetization via subscriptions and viewer donations across global markets, including South Korea, Japan, and select North American regions.Toonation's revenue model is primarily based on subscriptions and transaction-based earnings from their digital platforms. In 2024, the company generated revenue of KRW 6,149,382.5 and an EBITDA of KRW 74,004.3. Subscription tiers offer varying features for streaming and audience interaction, while partnerships with creators and brands expand their reach.Toonation plans to utilize the KRW 2 billion raised in Series A funding to develop additional functions and discover new business models. The company aims to design and launch new products by entering additional markets, although specific release dates and new regions have not been disclosed. They will focus on expanding their presence to maximize the effectiveness of their digital solutions.

## Funding rounds

- Series A, Jul 31, 2020, $1.7M — Mirae Asset Venture Investment

## Investors

- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series A