UsePencil, Inc.

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UsePencil, Inc. - overview

Established

2015

Location

Menlo Park, CA, US

Primary Industry

Internet

About

UsePencil, Inc. operates Commaful, a creative platform that enables users to craft and share visually engaging poetry and short stories, fostering a vibrant community of writers and readers. Founded in 2015, UsePencil, Inc. is headquartered in Menlo Park, US.


The company initially focused on the interactive sharing of literary content but has since transitioned to an archive model, limiting its operations to a read-only resource. The founders, Ryan Choi and Sydney Liu, have backgrounds in creative technology and community engagement. To date, UsePencil, Inc. has successfully raised funds through 3 deals, with the most recent funding occurring on December 6, 2021, when the company attracted seed funding led by We Founder Circle, alongside participation from N K Securities and individual investors.


Commaful primarily served as a platform for users to create and share poetry and short stories, allowing for original literary works to be published in a visually captivating format. The platform provided tools for composing, illustrating, and interacting with various forms of artistic expression, with a significant emphasis on visual storytelling through an accessible interface. Its clientele included amateur writers, established authors, educators, and literary enthusiasts across various regions, including the United States, Canada, the United Kingdom, and Australia. Following its establishment, Commaful has moved into archive mode, ceasing active publishing and transitioning to a read-only resource for its community.


The revenue model of Commaful was centered around user engagement and community interaction, although detailed transaction specifics are not disclosed. The platform potentially generated revenue through subscription-based services or advertising by enabling users to promote their content and connect with audiences. This structure facilitated direct interactions between artists and users, potentially encompassing both B2C and B2B elements, particularly through partnerships with educational institutions and literary organizations. Specific pricing information for services offered was not available.


Following the seed funding raised on December 6, 2021, UsePencil, Inc. plans to utilize the funds to enhance and scale its technology infrastructure, thereby improving the community experience. The company will focus on scaling operations, building its brand presence, and developing community engagement through creative campaigns. While specific new product launches and geographic expansions have not been detailed, the firm is committed to reinforcing its community and user experience moving forward.


Current Investors

Wavemaker Partners, Yakumi, We Founder Circle

Primary Industry

Internet

Sub Industries

Web Applications, Social Networking & Communication Platform, Digital Media

Website

www.commaful.com

Verticals

Cloud Computing, Mobile Apps, Social Media

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

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