Investment Rationale · IVP
Investment thesis
IVP expects Paper to become one of the largest companies in the education and edtech sectors.
We believe Paper will become one of the largest companies in the education and edtech categories.
Why the firm invested
IVP invested in Paper due to the significant market opportunity and the company's strong execution.
We are so excited about Paper because of both the tremendous market opportunity and the company’s execution to date.
Product
Paper delivers 24/7 unlimited 1:1 tutoring in 200+ subjects across four languages, offering live assistance and asynchronous essay feedback.
Paper provides students with 24/7, unlimited, 1:1 tutoring support in 200+ subject areas in four languages, with live help as well as asynchronous essay feedback.
Students using Paper can connect with a live tutor in under 15 seconds at any time of day.
Students can connect with a live tutor within 15 seconds at any time of day and receive curriculum-aligned assistance from a highly trained and vetted expert.
Traction
Paper achieved over 8x growth in 2020 and is positioned for continued hypergrowth at scale in 2021.
Paper grew over 8x in 2020 and is poised to continue its hypergrowth at scale in 2021 and beyond.
School districts adopting Paper experience a measurable lift in academic achievement and give the platform strong reviews.
Districts adopting Paper are seeing the value in a measurable lift to academic achievement, plus rave reviews from students, teachers, and parents—with students even crediting Paper with their successful admission to college.
Business model
Paper uses a B2B model where school districts or sites purchase the platform, keeping it free for parents and students.
Parents and students do not pay to use the platform. Paper is purchased at the district or site level, ensuring that support is equitable, scalable, and cost-effective.
Investment context
IVP led a $100M Series C funding round in Paper, with Tom Loverro joining the board as a Director.
IVP is the lead investor in a $100M Series C round, and Tom Loverro will join the board as a Director as part of the fundraise.
What founders can learn
- What actually moved the decision: IVP wrote that IVP invested in Paper due to the significant market opportunity and the company's strong execution.
- The traction evidence that carried weight: IVP wrote that Paper achieved over 8x growth in 2020 and is positioned for continued hypergrowth at scale in 2021.
- How the model was assessed: IVP wrote that Paper uses a B2B model where school districts or sites purchase the platform, keeping it free for parents and students.
Source and provenance
Investment Rationale published by IVP on ivp.com (first-party source). Read the original
