Weeks after launching a digital stationary retailer inside the app, notetaking firm Goodnotes stated in the present day it has invested $1.9 million into South Korea-based digital stationary firm WeBudding.

WeBudding was based by Donghwan Shin, Donggyun Ko, and Chaeyoung Lee in 2018. The trio began by promoting bodily paper notebooks catered in direction of college college students, however finally, they made a digital pivot. Now it sells varied digital stationary objects akin to planners, journals, stickers, and notebooks. The corporate instructed TechCrunch that 80% of its gross sales come from cell whereas 20% of it comes from its web sites.

Aside from the funding from Goodnotes, WeBudding has additionally bought a $200,000 funding from Robust Ventures — making this a $2.1 million Sequence A spherical. The digital stationary startup has obtained $4.7 million in funding to this point.  Whereas the corporate didn’t disclose the precise valuation, it instructed TechCrunch that the newest spherical introduced a 52% leap in valuation.

WeBudding already hosted loads of Goodnotes-compatible belongings on its platforms. With the current Goodnotes retailer launch and the strategic funding, WeBudding plans to develop globally related content material for the notetaking app’s retailer.

Shin, CEO of the digital stationery startup, stated that WeBudding is seeking to enhance its cell app and in addition work on content material localization for various nations.

“We’re additionally engaged on increasing our choices to issues like KakaoTalk [a South Korea-based chat app] themes. Moreover, we need to work with well-known IPs akin to entertainers and musicians to create branded digital stationary,” Chin stated.

WeBudding stated that it has 2,500 creators on board with greater than 16,000 objects within the retailer. It didn’t disclose the way it compensates these creators and what number lower the corporate takes from the gross sales of the digital stationary.

In August, Goodnotes up to date its app in 4 years with options akin to AI-powered handwriting and a digital market. The corporate, which bought the iPad App of the Yr award from Apple in 2022, has 21 million month-to-month lively customers.