Papier inks $50M Series C to in a run to lead the online stationery market

Papier, a startup leveraging technology to bring very non-tech products into the world, has raised some funding to continue expanding its business on the

What happened

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Why it matters

“The mission is to build a global stationery brand,” he said in an interview. “It’s a $200 billion market and it doesn’t have a strong online brand, nothing that is category-defining the way you might have with other verticals. This funding is an important part of that plan. It pushes us globally and to the U.S..” He added that while Papier will continue to stay private for now, “we see a public listing is absolutely part of the journey.”

Paris VC Singular led the round with participation from other new backers dmg ventures, Lansdowne Partners and Kathaka; and previous backers Felix Capital and Beringea. The startup has now raised $65 million and it is not disclosing its valuation but its revenues have grown by 150% over the past two years, it said.

It’s interesting to see that one of Papier’s major investors in this round is the corporate venture arm of one of the world’s bigger newspaper publishers, the Daily Mail Group. At a time when significant paper-based industries like publishing become increasingly digital, Papier, in a way, presents an interesting route out of obscurity for analogue products that doesn’t cannibalise the whole revenue base.

This news brief is based on reporting published by TechCrunch on 2022-02-14. The original report is linked below.