Fundraising Fox

Pencil

AcquiredEntrepreneur First '18

Singapore, SG Β· Founded 2018 Β· 3 known investors

trypencil.com β†—

Pencil is an AI operating system for marketing that aggregates multiple AI models (from OpenAI, Google, Adobe, Runway, and Bria) into one orchestration layer with enterprise governance controls. It serves global brands and enterprise marketing teams to produce brand-safe creative content at scale.

Also known as Pencil AI Limited Β· Pencil Pro Β· Pencil Technologies Β· Pencil Technologies Pte. Ltd.

AI & Machine LearningEnterprise SoftwareMarketing Tech

Founders & leadership

Pencil was founded in 2018 by Will Hanschell and Sumukh Avadhani.

WHWill Hanschell
Will HanschellinCEO
SASumukh Avadhani
Sumukh AvadhaniinCTO

Investors Β· 3

Also in the syndicate Β· 2

Min-Yen KanXoogler Angels

Company profile

researched Aug 2026

Pencil (legal entities referenced as Pencil Technologies Pte. Ltd. and Pencil AI Limited) is a generative AI platform for marketing and advertising creative. Its original product, Studio, generated ad copy and visuals for brands, agencies and ecommerce businesses and applied machine learning to predict whether generated content would be effective, differentiated and on-brand, with human creatives briefing the system and reviewing or editing outputs [5]. SGInnovate describes the company as a generative AI platform for creative and media teams that produces culturally inspired ad copy and visuals while predictively optimising for creativity, conversion and brand relevance [4]. A Preqin profile describes chat-based creation of ad copy and visuals, collaboration features, and optimisation for Meta, TikTok, YouTube and Google Display [6].

The current positioning is as an "AI operating system for marketing": an orchestration layer that aggregates third-party models from OpenAI, Google, Adobe, Runway and Bria so customers avoid single-vendor lock-in, combined with enterprise governance [0][1]. The platform documents an end-to-end workflow covering briefing, generation of ideas/images/video, market and performance understanding, scaling a single brief into thousands of localised or personalised variations, an in-browser editor for text, image, video and HTML, multi-stakeholder review and approval with audit trails, and direct publishing to Meta, Google, TikTok and Pinterest [2]. Named models listed as active include Google Gemini and Nano Banana Pro, Imagen and Veo, OpenAI GPT and Sora, Adobe Firefly and Adobe Video, and Google Chirp/Gemini text-to-speech [2].

Enterprise controls advertised include SOC 2 Type II certification, a no-train policy, full IP indemnification, regional data compliance across EU, US and APAC, role-based access controls and brand safety guardrails [0][1][2]. At the time of its 2023 acquisition, Pencil described a per-brand model training approach in which a brand's creative data is appended to Pencil's dataset to train custom predictive models without pooling brand data, with multiple models per brand for different metrics and channels [7].

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Ads created on the platform (company claim)Jan 20262,000,000 ads
Brands using Pencil (at acquisition)Jun 20234,000 brands
Clients supported (per Preqin)Jan 20245,000 clients
Early customer results (company claim, 2019)May 20192x improvement in advertising performance and 10x reduction in time and cost
EBITDA (FY2021)Dec 2021βˆ’$775.9K
EBITDA (FY2022, per Preqin narrative)Dec 2022βˆ’$617.1K
Entry plan price (Core, billed monthly)Jan 2026$14
Growth plan price (billed monthly)Jan 2026$55
Markets scaled simultaneously (company claim)Jan 202624 x
Media spend across brands using Pencil (at acquisition)Jun 2023$1B
Net income (FY2021)Dec 2021βˆ’$791.1K
Reduction in creative production costs (company claim)Jan 202650%
Revenue (FY2018)Dec 2018$11.2K
Revenue (FY2019)Dec 2019$252.7K
Revenue (FY2020)Dec 2020$388.3K
Revenue (FY2021)Dec 2021$671.1K

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 6

launches, deals, and filings
Jan 2026
Oliver wins Samsung LATAM account built on Pencil

Pencil's news section states that agency Oliver built Samsung's regional (LATAM) marketing operation on Pencil. Date not stated by the source beyond appearing as current site news.

source β†—

Jan 2026
Pencil and GWI launch Insights Agent

Pencil's news section lists a launch with consumer research firm GWI of an Insights Agent intended to bring real-time consumer intelligence into creative decisions. Date not stated by the source beyond appearing as current site news.

source β†—

Jun 2023
The Brandtech Group acquires Pencil

The Brandtech Group (formerly You & Mr. Jones) acquired Pencil; financial terms were undisclosed. Pencil was the group's 10th acquisition and its first in the AI space, following its purchase of Jellyfish earlier the same month.

source β†—

Jan 2023
Pencil Pro launched with The Brandtech Group

Over roughly six months prior to the acquisition, Pencil and The Brandtech Group jointly built Pencil Pro, a generative AI product for large brands, with Bayer and Unilever as launch partners. Pencil Pro assembles multimodal ads combining copy and imagery per channel, predicts engagement outcomes, and adds brand-control rules and human approval steps.

source β†—

May 2019
Pencil raises S$1.5M seed round led by Wavemaker Partners

Roughly one year after founding, Pencil announced a S$1.5 million seed round led by Wavemaker Partners, with SGInnovate and Entrepreneur First participating, plus investor-advisors including NUS Associate Professor Min-Yen Kan and members of Xoogler Angels. Proceeds were earmarked for expanding engineering and customer success teams, growing proprietary datasets and extending patent-pending technology.

source β†—

Jan 2019
Enrolled in IMDA SG:D Spark programme

Pencil was enrolled under the Info-communications Media Development Authority's SG:D Spark programme, which the company said involved intensive due diligence.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Pencil do?
Singapore-founded generative AI platform for advertising creative, acquired by The Brandtech Group in June 2023.
Who founded Pencil?
Pencil was founded by Will Hanschell, Sumukh Avadhani in 2018.
Who are Pencil's investors?
Pencil's investors include Entrepreneur First.
Where is Pencil headquartered?
Pencil is headquartered in Singapore, SG.