# Paperflip

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

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.paperflip.com
- Total disclosed funding: $1M
- Latest round: Seed (Oct 9, 2019)
- Investors on record: 2

## About

Paperflip Inc. is a technology company specializing in contract analytics through its Salesforce app, designed to optimize workflow for legal, finance, and sales teams.Founded in 2016, Paperflip Inc. is located in San Mateo, US. The company focuses on enhancing contract management for businesses. In October 2019, Paperflip raised USD 1 million in Seed funding led by Norwest Venture Partners, with participation from Social Capital. The company has completed one deal to date.Paperflip's primary product offering centers around a Salesforce app designed to enhance contract analytics for various business teams, including legal, sales, and finance. The app enables users to gain meaningful insights into their contracts, ensuring they understand their obligations and can take appropriate actions based on that understanding. By integrating seamlessly into existing workflows, Paperflip targets organizations aiming to streamline contract management processes and improve overall efficiency. The company's solutions cater to a diverse client base, mainly in the United States and Europe, serving businesses across various industries that require robust contract analysis tools for operational excellence. With a focus on promoting a workflow-first approach, Paperflip positions itself within a competitive landscape that is increasingly consolidating around comprehensive platforms, exemplified by industry leaders like DocuSign.Paperflip generated revenue primarily through subscription-based models associated with its Salesforce app, reflecting a B2B transaction structure. Clients typically engaged in annual or multi-year licensing agreements to utilize the contract analytics tool, allowing for continual access to updates and support. The pricing structure was designed to accommodate varying business sizes and needs, potentially featuring tiered plans that provided different levels of access and functionalities. As organizations integrated Paperflip's solutions into their operations, they benefitted from enhanced insights that could drive strategic decisions related to contract management. Such transactions underscored Paperflip's commitment to delivering value through its flagship product, positioning the company to capitalize on the growing demand for effective contract analytics in the marketplace.Looking ahead, Paperflip plans to enhance its product offerings by developing additional features for its Salesforce app, with new functionalities targeted for release in 2023. The company aims to expand into the UK and Germany, with a projected entry date set for mid-2024. Recent funding from the USD 1 million Seed round will support these initiatives, enabling further product development and market penetration.

## Funding rounds

- Seed, Oct 9, 2019, $1M — Norwest Venture Partners, Social Capital

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Seed
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed