# PAPER funding: rounds and investors

> PAPER has raised $34M across 1 round since 2026. Investors include IQ Capital, Iconiq Capital and Designer Fund. Every round with its source.

Source: https://millionrounds.com/company/paper (Millionrounds; every figure on the page links to its filing or article)

Canada · [Series A startup](https://millionrounds.com/companies)

# Who invested in *PAPER*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Edtech

Raised 4 months ago

Funding summary Updated 26 Oct 2026

**$34M** raised across 1 round since 2026, from 1 source

- **Latest round:** Series A, $34M Jul 2026
- **Investors:** 3

See who backed them

[**PAPER** Edtech 1 / 15 Their pitch deck **PAPER's pitch deck, 15 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/paper)

## The rounds

- **Jul 2026** Series A **$34M** [IQ Capital](https://millionrounds.com/fund/iq-capital) [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) [Designer Fund](https://millionrounds.com/fund/designer-fund) Source recorded

## Everyone who backed them

[IQ Capital](https://millionrounds.com/fund/iq-capital) VC firm **1** round

[Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity **1** round

[Designer Fund](https://millionrounds.com/fund/designer-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=paper).

## Also claim to have backed them

These 11 firms list PAPER as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Bullpen Capital](https://millionrounds.com/fund/bullpen-capital) VC firm Per its own site

[ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) Family office Per its own site

[Real Ventures](https://millionrounds.com/fund/real-ventures) VC firm Per its own site

[Skystar Capital](https://millionrounds.com/fund/skystar-capital) VC firm Per its own site

[Rep Matters Angel Network](https://millionrounds.com/fund/rep-matters-angel-network) VC firm Per its own site

[Basement Ventures](https://millionrounds.com/fund/basement-ventures) VC firm Per its own site

[China Life Insurance](https://millionrounds.com/fund/china-life-insurance) Corporate VC Per its own site

[Festina](https://millionrounds.com/fund/festina) VC firm Per its own site

[OPA Développement](https://millionrounds.com/fund/opa-developpement) Angel Per its own site

[Red House Educatio...](https://millionrounds.com/fund/red-house-educatio) VC firm Per its own site

[SuprValue VC](https://millionrounds.com/fund/suprvalue-vc) Micro VC Per its own site

## Quick answers about PAPER

### Who invested in PAPER?

PAPER's investors include IQ Capital, Iconiq Capital and Designer Fund.

### How much has PAPER raised?

PAPER has raised $34M across 1 round since 2026.

### When did PAPER last raise?

PAPER's most recent round was a Series A of $34M in Jul 2026.

### What was PAPER's biggest round?

Its most recent round, $34M in Jul 2026, is also its largest on record.

### Who backed PAPER first?

PAPER's first round on record, in Jul 2026, was backed by IQ Capital, Iconiq Capital and Designer Fund.

### What stage is PAPER at?

PAPER's latest named round is a Series A, in Jul 2026.

### Where is PAPER based?

PAPER is based in Canada.

## Companies like PAPER

In the same sector, and raised in the last eighteen months.

[**Magic Potion Games** $4.5M · Aug 2026](https://millionrounds.com/company/magic-potion-games)[**Stemble Learning** $400K · Dec 2025](https://millionrounds.com/company/stemble-learning)[**FrontlineIQ** $3.3M · Oct 2025](https://millionrounds.com/company/frontlineiq)[**Intuitivo** $58K · Oct 2026](https://millionrounds.com/company/intuitivo)[**Coding Giants** $16M · Oct 2026](https://millionrounds.com/company/coding-giants)[**Stride** $16M · Oct 2026](https://millionrounds.com/company/stride)

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