# NouteCompany

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/noutecompany

- Industry: Consumer Products
- Headquarters: Seoul, South Korea
- Website: www.webudding.com
- Total disclosed funding: $0.4M
- Latest round: Seed (Aug 13, 2021)
- Investors on record: 2

## About

Based in South Korea, NouteCompany Corp. operates a digital marketplace dedicated to the sale of creative digital goods, fostering creativity through user-generated content and offering diverse design resources to global consumers.NouteCompany, founded in 2018 and headquartered in Seoul, South Korea, operates as a digital marketplace specializing in creative digital goods. The company raised KRW 2.7 billion in pre-Series A funding on September 25, 2023, led by Goodnotes Limited, with participation from Strong Ventures. The founder, Donghwan Shin, has a history in digital entrepreneurship, contributing to the company's innovative approach in the digital space.NouteCompany operates Webudding, a digital marketplace focused on the sale of creative digital goods such as digital stickers, planners, coloring books, and various procreate brushes. The platform emphasizes user-generated content, allowing creators to sell their designs globally. Webudding caters to a wide clientele across North America, Europe, and Asia, with an accessible interface that enhances the browsing and purchasing experience for both creators and consumers.NouteCompany's revenue model is built on a marketplace framework that facilitates transactions between digital creators and consumers. The company generates revenue through transaction fees on sales made by creators, who set their own prices for items like digital planners and themed stickers, ranging from KRW 700 to KRW 16,100. This model supports a variety of content offerings and encourages creativity among users looking for personalized digital solutions.Following the recent funding round, NouteCompany plans to enhance its mobile and tablet applications while implementing service localization in targeted countries. The funding will support these improvements, aiming to expand into new markets and geographic regions, although specific regions have not been disclosed. The anticipated advancements align with the company's growth strategy to better serve its global consumer base.

## Funding rounds

- Seed, Aug 13, 2021, $0.4M — Banks Foundation for Young Entrepreneurs, Schmidt

## Investors

- Banks Foundation for Young Entrepreneurs — Seed
- Schmidt (https://capitalatlas.ai/funds/schmidt) — Seed