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Paper Closes $270 Million Series D To Further Democratize Access To Academic Support

Feb 15, 2022•over 3 years ago

Amount Raised

$270 Million

Round Type

series d

Description

Paper, a leading software provider of unlimited, 24/7 academic support, announced today the closing of a $270 million USD Series D, featuring both a primary and secondary offering. The round was led by Sapphire and Softbank Vision Fund 2, with support from returning investors IVP, Salesforce Ventures, Framework Venture Partners, Bullpen Capital, Reach Capital, BDC Capital, and Red House Education.

Company Information

Company

Paper

About

About PaperPaper partners with school districts to deliver 1:1 tutoring that is equitable, scalable, and cost-effective. Students get unlimited 24/7 live help and writing feedback, teachers get insights to tackle individual learning gaps, and administrators get actionable data to inform strategic decisions. Paper's multilingual tutors add an extra layer of support across all content areas and grade levels, in and out of the classroom—so students always have access to expert help exactly when, where, and how they need it. Paper supports some of the largest school districts in the nation, such as Clark County School District (NV), Hillsborough County Public Schools (FL), Boston Public Schools (MA), Atlanta Public Schools (GA), Columbus City Schools (OH), and Santa Ana Unified School District (CA). Paper is privately funded with investments from Sapphire, Softbank Vision Fund 2, IVP, Framework Venture Partners, Bullpen Capital, Reach Capital, Google, Birchmere Ventures, Salesforce Ventures, BDC Capital, and more. For more information, visit www.paper.co or follow Paper on Twitter: @PAPERlearning.

Funding Insights

Based on industry data
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech