About Paperclip
Paperclip is a company based in London (United Kingdom) founded in 2014. It operates as a Two-Sided Marketplace, and AI-as-a-Service. Paperclip has raised $1.67 million across 3 funding rounds from investors including Development Bank of Wales, Hayley Parsons and David Buttress. The company has 6 employees as of June 30, 2022. Paperclip offers products and services including Paperclip App. Paperclip operates in a competitive market with competitors including eBay, Wallapop, 58City, Karrot and Gumtree, among others.
- Headquarter London, United Kingdom
- Employees 6 as on 30 Jun, 2022
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Paperclip App Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.67 M (USD)
in 3 rounds
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Latest Funding Round
$972 K (USD), Angel Round
Feb 07, 2020
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Investors
Development Bank of Wales
& 8 more
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Employee Count
6
as on Jun 30, 2022
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Products & Services of Paperclip
Paperclip offers a comprehensive portfolio of products and services, including Paperclip App. 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.
A buy-sell app with AI-driven listing tools.
Funding Insights of Paperclip
Paperclip has successfully raised a total of $1.67M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $972 thousand completed in February 2020. 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 3
- Last Round Angel Round — $971,998
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Angel Round - Paperclip | Valuation | Hayley Parsons , David Buttress |
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| Feb, 2018 | Amount | Seed - Paperclip | Valuation | Development Bank of Wales | |
| Jul, 2016 | Amount | Seed - Paperclip | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Paperclip
Paperclip has secured backing from 9 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Development Bank of Wales, Hayley Parsons and David Buttress. 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 |
|---|---|---|---|---|
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Provider of equity funding and business & property development loans
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Founded Year | Domain | Location | |
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Sustainable business finance is provided for companies in Wales.
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Founded Year | Domain | Location | |
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Delivers advertising services, including campaign planning and media placement.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paperclip
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Paperclip
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paperclip Comparisons
Competitors of Paperclip
Paperclip 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 eBay, Wallapop, 58City, Karrot and Gumtree, 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 |
Multi-category consumer products are sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
App-based marketplace and classified platform for multi-category products
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| domain | founded_year | HQ Location |
Online second-hand listing platform offering multi-category products and services
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| domain | founded_year | HQ Location |
Multi-category second-hand products are traded on an online marketplace platform.
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| domain | founded_year | HQ Location |
An online classifieds platform is operated for South African users.
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| domain | founded_year | HQ Location |
Online classified forum
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paperclip
Frequently Asked Questions about Paperclip
When was Paperclip founded?
Paperclip was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Paperclip located?
Paperclip is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Paperclip a funded company?
Paperclip is a funded company, having raised a total of $1.67M across 3 funding rounds to date.
How many employees does Paperclip have?
As of Jun 30, 2022, the latest employee count at Paperclip is 6.
What does Paperclip do?
Paperclip is managed as a mobile application facilitating buying and selling through AI-powered tools. Listings are automated with features like photo enhancement, pricing, and negotiation handled by AI. The platform operates in the e-commerce sector, offering solutions for seamless transactions, zero seller fees, and integrated shipping. Personalized shopping experiences are provided through smart recommendations and AI try-on features.
Who are the top competitors of Paperclip?
What products or services does Paperclip offer?
Paperclip offers Paperclip App.
Who are Paperclip's investors?
Paperclip has 9 investors. Key investors include Development Bank of Wales, Hayley Parsons, David Buttress, Ilona Simpson, and Tariq Linjawi.