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New Deal


Announced

Completed

Sapphire and Softbank Vision Fund 2 led a $270 Series D funding round in Paper.

Financials

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Transaction Value£199m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Venture Capital

Cross Border

Completed

Private Equity

Private

Education Services

Canada

educational services

Minority

Friendly

Synopsis

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Sapphire, a venture capital firm, and Softbank Vision Fund 2 led a $270 Series D funding round in Paper, a developer of an educational platform, with participation from IVP, Salesforce Ventures, Framework Venture Partners, Bullpen Capital, Reach Capital, BDC Capital, and Red House Education. "Remote learning during lockdowns accelerated digital adoption of education tools but also exposed a glaring divide in the experience for many students. Paper is helping to support stretched public school systems to improve student outcomes by widening access to critical tutoring resources. We're delighted to be partnering with Philip Cutler and the team to build an enduring solution providing every student with an equal opportunity to excel academically," Ram Trichur, SoftBank Partner.

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