What is Cloud Paper?
Founded in 2019 by former Convoy colleagues Austin Watkins, Ryan Fritsch, and Tori Kiss, Cloud Paper aims to combat deforestation by offering tree-free toilet paper made from bamboo. The company has gained traction, serving thousands of households and businesses nationwide with its sustainable paper solutions. Cloud Paper's mission directly addresses the environmental impact of paper production, which contributes significantly to global deforestation.
How much funding has Cloud Paper raised?
Cloud Paper has raised a total of $9.6M across 2 funding rounds:
Angel/Seed
$4.6M
Other Financing Round
$5M
Angel/Seed (2020): $4.6M with participation from Ashton Kutcher Network, Gwyneth Paltrow, Russell Wilson, Guy Oseary, Mark Cuban Companies, Greycroft Partners, Marc Benioff, Dara Khosrowshahi, Hadi Partovi, and Robert Downey Jr.
Other Financing Round (2022): $5M led by Bezos Expeditions
Key Investors in Cloud Paper
Bezos Expeditions
Bezos Expeditions is an investment firm founded by Jeff Bezos that focuses on a diverse range of sectors including technology, healthcare, and space exploration. The firm is known for its strategic investments in innovative companies such as Airbnb, Uber, and Twitter. Its intended clients include startups and established businesses seeking funding and support for growth. Additionally, Bezos Expeditions is involved in philanthropic efforts through initiatives like the Bezos Day One Fund and the Bezos Family Foundation.
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets. Greycroft leverages an extensive network of media and technology industry connections to help entrepreneurs gain visibility, build strategic relationships, bring their products to market, and build successful businesses. Greycroft manages in excess of $1 billion and has made over 150 investments since inception in leading companies including Acorns, App Annie, Boxed, Braintree, Buddy Media, Everything But The House, Extreme Reach, Huffington Post, Icertis, JW Player, Maker Studios, Plated, Scopely, Shipt, TheRealReal, Thrive Market, Trunk Club, Venmo, WideOrbit, and Yeakha.
Mark Cuban Companies
Mark Cuban Companies is a company that operates in the Venture Capital & Private Equity industry. It employs 20to49 people and has 1Mto5M of revenue. The company is headquartered in Dallas, Texas.
What's next for Cloud Paper?
The substantial enterprise-level funding and recent strategic investment indicate Cloud Paper is poised for significant scaling and market expansion. This capital infusion will likely fuel further product development, enhance manufacturing capabilities, and broaden distribution channels. The company's focus on sustainability positions it favorably in a market increasingly prioritizing environmental responsibility, suggesting a trajectory towards becoming a dominant player in the eco-conscious consumer goods sector.
See full Cloud Paper company page
