Paper App Draws $15 Million in Funding From Andreessen Horowitz, Jack Dorsey
FiftyThree, the New York-based company behind the popular iPad sketching app Paper, has raised $15 million in a Series A funding round led by Chris Dixon of Andreessen Horowitz. Other investors include Shana Fisher of High Line Venture Partners, Josh Kushner’s Thrive Capital, Ron Conway and Jack Dorsey. FiftyThree is comprised of ex-Microsoft designers and engineers who created Paper to enhance productivity on the iPad. The app is free to download, and includes in-app purchases for utility tool kits. The company plans to hire talent and expand the collaborative features of the app with the fresh funding.