Paper Closes $270M in Series D Funding


Paper, a Montreal, Canada-based school software provider, raised $270M in Series D funding.

The round was led by Sapphire and Softbank Vision Fund 2, with participation from IVP, Salesforce Ventures, Framework Venture Partners, Bullpen Capital, Reach Capital, BDC Capital, and Red House Education.

The company intends to use the funds to accelerate growth and expand operations.

Led by CEO  Philip Cutler, Paper partners with school districts to deliver 1:1 tutoring. With Paper, students get 24/7 live help and writing feedback, teachers get insights to tackle individual learning gaps, and administrators get actionable data to inform strategic decisions. Its multilingual tutors add an extra layer of support across all content areas and grade levels.

Paper supports some of the largest school districts in the nation, such as Clark County School District (NV), Hillsborough County Public Schools (FL), Boston Public Schools (MA), Atlanta Public Schools (GA), Columbus City Schools (OH), and Santa Ana Unified School District (CA).