Rock Paper Coin (RPC), a Portland, OR-based software-as-a-service startup providing a suite of digital contracts and invoicing tools for the wedding industry, raised $2.3M in funding.
The round was led by Elevate Capital, with participation from HearstLab, and Stormlight Holdings.
The company intends to use the funds to scale up its operations to meet customer demand and gain increased market share in the wedding services market, which is expected to reach $414.2 billion by 2030.
Led by CEO Elizabeth Sheils and COO Nora Sheils, Rock Paper Coin provides a software platform that brings event planners, couples, and vendors into one system for managing contracts, paying invoices, and sharing documents. With its streamlined system, event professionals can manage the backend of their business. The company serves as a financial solution to help businesses book more clients.
RPC’s revenue increased by 250% from 2021 to 2022, and the company plans to continue to grow and scale its operations in 2023. To support the company’s growth, RPC expects to hire additional employees in the months ahead and build on the team’s expertise in the wedding industry.
FinSMEs
26/10/2022