- That is Goodnotes’ first funding in a start-up and marks the 2 corporations’ joint effort to create a worldwide digital paper ecosystem
- On account of Goodnotes’ strategic funding, WeBudding secured a follow-up funding from Sturdy Ventures, a California-based enterprise capitalist firm.
LONDON, Sept. 25, 2023 /CNW/ — In the present day, Goodnotes, the beloved AI-powered digital paper firm and 2022 iPad App of the Yr, invested USD1.9 million(KRW2.5 billion) into WeBudding, South Korea’s largest digital stationery platform.
Goodnotes, which participated as a Strategic Investor, is the world’s prime note-taking app with greater than 21 million month-to-month energetic consumers worldwide. Final 12 months, Goodnotes customers created a complete of 1.9 billion digital notebooks. This funding swiftly follows final month’s launch of Goodnotes 6, which remodeled the corporate into the world’s first AI-powered digital paper firm with the trade first generative AI for handwritten textual content.
With WeBudding as Goodnotes’ first funding, the purpose of this strategic alliance is to gasoline the expansion of a worldwide ecosystem that helps a universally accessible digital paper. No matter the aim and desires – whether planning a street journey, finding out for an examination, constructing an editorial calendar, journaling, or something in between – each Goodnotes consumer has entry to an enormous choice of helpful and pleasant paper templates, planners, stickers, and pocket book covers from WeBudding.
“WeBudding is spearheading the newly rising digital stationery market and has confirmed that it could actually appeal to 1000’s of gifted content material creators from all over the world,” stated Steven Chan, Founder and CEO of Goodnotes. “We see nice synergy with WeBudding and belief that our funding and oknowledge of the worldwide pill market will assist WeBudding broaden their footprint overseas.”
At present, there are about 2,500 creators who’re energetic on WeBudding, and so they supply over 16,000 distinctive merchandise. Because of the rising recognition of Goodnotes and on a regular basis pill use, WeBudding has recorded a year-on-year gross sales progress of 220% from January to August, 2023.
“After confirming WeBudding’s abroad market progress potential via our collaboration with Goodnotes within the first half of this 12 months, I’m happy that with this funding, we will set up a basis for worldwide growth,” stated Donghwan Shin, Co-founder and CEO of WeBudding and 2023 Forbes 30 underneath 30 winner. “We’ll proceed our efforts to strengthen our partnership with Goodnotes, aiming to determine ourselves as a necessary world digital stationery app for pill customers worldwide.”
About Goodnotes
Goodnotes is the main AI digital paper utilized by thousands and thousands of customers worldwide. Launched in 2011, Goodnotes began as an enchancment to bodily paper notes—introducing the power to take handwritten digital notes, search handwritten textual content, and set up all the things right into a digital library. In the present day, Goodnotes is pioneering generative AI for digital handwriting within the productiveness house. Goodnotes was most not too long ago named Apple’s 2022 iPad App of the Yr.
About WeBudding
Based in November 2018, by Donghwan Shin, Donggyun Ko, and Chaeyoung Lee, WeBudding rapidly gained recognition by creating modern paper notebooks tailor-made for varied majors. Nevertheless, recognizing the shift in direction of digital notes and the rise of pill utilization amongst college students, WeBudding launched a market for digital word templates. With the accelerated transition to distant studying in the course of the COVID-19 pandemic, WeBudding grew to become the main digital stationery service in Asia, boasting over 16,000 content material items.
SOURCE Goodnotes Restricted
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