# Paper Education Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paper-education-company

- Industry: Education/Training
- Headquarters: Montreal, Canada
- Website: www.paper.co
- Total disclosed funding: $372M
- Latest round: Series D (Feb 15, 2022)
- Investors on record: 13

## About

Based in Montreal, Quebec, Canada, Paper Education Company Inc., formerly known as GradeSlam Inc., was founded in 2014 by co-founders Philip Cutler and Roberto Cipriani. The company officially announced a rebrand from GradeSlam to Paper in March 2020. The platform has over 300,000 active users in the United States as of 2021. The company's headquarters are in Montreal, Quebec, and it operates across North America. In 2020, the company had 100 tutors and 30 other employees, in 2021 it has 1,000 tutors and 130 staff.

The platform provides features such as 24/7 live academic help that allows a student to receive instant help from tutors, smart chatbot, SMS tutoring, a whiteboard designed as a digital canvas for a visual explanation, essay writing review, student sessions assessments, students profile, analytics, and customer support.

The company generates revenue by selling online tutoring to school districts, which pay between USD 50 and USD 100 per kid every year.

## Funding rounds

- Series D, Feb 15, 2022, $271M — Institutional Venture Partners, BDC Capital, Sapphire Ventures, Bullpen Capital, Salesforce Ventures, Reach Capital, SB Investment Advisers, Red House Education, Framework Venture Partners
- Series C, Jun 30, 2021, $100M — Institutional Venture Partners, BDC Capital, Bullpen Capital, Birchmere, Salesforce Ventures, Reach Capital, Framework Venture Partners, ETW
- Seed, Aug 25, 2016, $1.6M — BDC Capital, Real Ventures, Anges Quebec, Birchmere

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed, Series C, Series D
- Real Ventures — Seed
- Anges Quebec — Seed
- Birchmere (https://capitalatlas.ai/funds/birchmere) — Seed, Series C
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series C, Series D
- Bullpen Capital (https://capitalatlas.ai/funds/bullpen-capital) — Series C, Series D
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C, Series D
- Reach Capital — Series C, Series D
- Framework Venture Partners (https://capitalatlas.ai/funds/framework-venture-partners) — Series C, Series D
- ETW — Series C
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series D
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series D
- Red House Education (https://capitalatlas.ai/funds/red-house-education) — Series D