About Paper
Paper is a company based in Montreal (Canada) founded in 2014 by Philip Cutler and Roberto Cipriani. It operates as a EduTech, and Subscription Services. Paper has raised $380.7 million across 6 funding rounds from investors including Google, BDC and SoftBank Vision Fund. Paper has completed 2 acquisitions, including MajorClarity and Read Lee. Paper offers products and services including High-Impact Tutoring, Student Support Solutions, Teacher Solutions, and GROW. Paper operates in a competitive market with competitors including MyTutor, Tutored by Teachers, Beyondskool, Atypical and OLL, among others.
- Headquarter Montreal, Canada
- Founders Philip Cutler, Roberto Cipriani
-
Sectors
Education
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$380.7 M (USD)
in 6 rounds
-
Latest Funding Round
$270 M (USD), Series D
Feb 04, 2022
-
Investors
Google
& 16 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
MajorClarity
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Paper
Paper offers a comprehensive portfolio of products and services, including High-Impact Tutoring, Student Support Solutions, Teacher Solutions, and GROW. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tutoring is provided for impactful K-12 academic results.
Support is offered for personalized K-12 academic growth.
Tools are provided to empower teachers with insights.
Interactive practice tools are offered for skill building.
Unlock access to complete
Funding Insights of Paper
Paper has successfully raised a total of $380.7M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $270 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $270.0M
-
First Round
First Round
(25 Aug 2016)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series D - Paper | Valuation | Sapphire Ventures , SoftBank Vision Fund | |
| Jun, 2021 | Amount | Series C - Paper | Valuation | IVP | |
| Mar, 2020 | Amount | Series A - Paper | Valuation | Reach Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Paper
Paper has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Google, BDC and SoftBank Vision Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm partnering with enterprise software companies and early-stage funds.
|
Founded Year | Domain | Location | |
|
Growth in technology companies is supported through venture capital.
|
Founded Year | Domain | Location | |
|
Software startups are invested in by Framework Venture Partners.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Paper
Paper has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MajorClarity and Read Lee. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
SaaS & AI-based platform providing data insights for schools
|
2020 | ||||
|
Career-related solutions are delivered through an online platform.
|
2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Paper
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paper Comparisons
Competitors of Paper
Paper operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MyTutor, Tutored by Teachers, Beyondskool, Atypical and OLL, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of tutoring platform for students
|
|
| domain | founded_year | HQ Location |
Online platform providing tutoring solutions for school students
|
|
| domain | founded_year | HQ Location |
Provider of intelligence curriculum for school students
|
|
| domain | founded_year | HQ Location |
AI tools are provided for educators and education content creators.
|
|
| domain | founded_year | HQ Location |
Online learning platform for skill development
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Paper
Frequently Asked Questions about Paper
When was Paper founded?
Paper was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Paper located?
Paper is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Paper?
Philip Cutler is the current CEO of Paper. They have also founded this company.
Is Paper a funded company?
Paper is a funded company, having raised a total of $380.7M across 6 funding rounds to date. The company's 1st funding round was a Series A of $7.5M, raised on Aug 25, 2016.
What does Paper do?
Academic support is delivered to K-12 students, teachers, and administrators through high-impact tutoring, personalized learning tools, and teacher empowerment solutions. Services are designed to drive learning gains, close academic gaps, and support future readiness. Focus is placed on equitable and cost-effective solutions across the education sector, with tools like GROW for interactive practice and career guidance. Impact is demonstrated nationwide, serving millions of learners.
Who are the top competitors of Paper?
Paper's top competitors include MyTutor, Tutored by Teachers and OLL.
What products or services does Paper offer?
Paper offers High-Impact Tutoring, Student Support Solutions, Teacher Solutions, and GROW.
How many acquisitions has Paper made?
Paper has made 2 acquisitions, including MajorClarity, and Read Lee.
Who are Paper's investors?
Paper has 17 investors. Key investors include Google, BDC, SoftBank Vision Fund, Sapphire Ventures, and IVP.