Papier has secured $50 million in Series C funding to accelerate its international growth, particularly in the US market, while expanding its product offerings sustainably.
Target Information
Papier, the leading direct-to-consumer stationery brand, has achieved remarkable growth since its inception in 2015, doubling in size annually. This progress has positioned it as the largest and fastest-growing stationery startup globally within the $200 billion global stationery market. The company has garnered notable consumer interest for its high-quality, stylishly designed stationery products and its commitment to sustainable production practices.
The brand has seen a surge in demand as consumers increasingly embrace analogue activities, such as journaling and sending cards, particularly spurred by the pandemic-driven rise of remote work. This evolving consumer behavior has led to a significant revenue increase, with growth exceeding 150% over the past two years. As of now, over 30% of Papier’s revenue originates from the US market, which the company aims to further expand.
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Industry Overview in the US
The stationery industry in the United States is experiencing dynamic growth, driven by a resurgence in demand for personalized products and the rising popularity of analogue practices. Within the br
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Singular
invested in
Papier
in 2022
in a Other deal
Disclosed details
Transaction Size: $50M