Studio XID, closes $1M USD investment from Line and Evergreen Venture Partners

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Studio XID, a developer of ProtoPie, a mobile-app prototyping tool, received a USD 1M funding from Line Plus Corporation and Evergreen Venture Partners.

ProtoPie is a tool that removes the need for coding and allows designers and developers to collaborate more effectively. Since its commercial launch on January 5th 2017, the tool has been adopted by designers at major IT companies, such as Google, Yahoo, Slack and Kakao. Studio XID is also actively building partnerships with design teams in China, conducting closed beta-testing with firms like Baidu and Alibaba.

Through this investment, Studio XID will get a chance to not only participate in improving Line’s overall mobile app development process, but also leverage Line’s strong network in Japan for market entry. Also, the company intends to enhance the overall functionalities of ProtoPie by working with Cheil Communications, its strategic partner, while leveraging its network to reach new customers globally.

Kim Soo, ex-Googler and CEO of Studio XID, is hopeful that the investment will further accelerate the adoption of ProtoPie. He stated: “We are delighted to work with Line Corporation, the mobile leader in the Asian market. We will do our best to showcase both the high quality and potential of Korean software in foreign markets.”

Company Background

Studio XID is a startup founded by designers and developers from Google, Samsung, and Naver. Since its inception in 2014, the company has been increasing its influence overseas, actively representing the rise of Korean startups by participating in events like Techcrunch Top 5, Rising Expo Tokyo, and Startup Nation Worldwide.

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