# Paper

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.withpaper.com
- Total disclosed funding: $7.3M
- Latest round: Seed (May 10, 2022)
- Investors on record: 9

## About

Based in California, US, and founded in 2022 by its CEO James Sun, and co-founder Edward Sun, Caves Inc., trading as Paper, allows to sell non-fungible token collection using credit cards or cross-chain crypto. In May 2022, Caves Inc. raised USD 7.3 million in seed funding co-led by new investors Electric Capital and Initialized Capital with participation from Polygon Technology, FalconX, Long Journey Ventures, ThirdWeb, and Night Capital, Founders, Inc., and Alliance DAO. Individual investors also participated in the round.

Paper allows users to create wallets through their email addresses and purchase NFTs with credit cards (or crypto wallets) across the Polygon, Ethereum, Solana and Avalanche blockchains to provide non-crypto consumers a bridge for entry into the marketplace. The company provides three checkout methods after creating smart contract such as dashboard checkout, API checkout, and react SDK checkout. The company's client base includes Fnatic, Deadmau5, Boohoo, and YesTheory.

The company will use the seed funding to increase its team, expand the wallet’s infrastructure and security, and make the product usable across more blockchains.

## Funding rounds

- Seed, May 10, 2022, $7.3M — Initialized Capital, Electric Capital, Long Journey Ventures, Night Capital, Polygon Technology, ThirdWeb, Alliance DAO, Founders, Inc., FalconX

## Investors

- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Seed
- Long Journey Ventures (https://capitalatlas.ai/funds/long-journey-ventures) — Seed
- Night Capital (https://capitalatlas.ai/funds/night-capital) — Seed
- Polygon Technology — Seed
- ThirdWeb — Seed
- Alliance DAO — Seed
- Founders, Inc. — Seed
- FalconX — Seed