What is Cloud Paper?
Founded in 2019 by former Convoy colleagues Austin Watkins, Ryan Fritsch, and Tori Kiss, Cloud Paper is dedicated to combating deforestation by offering tree-free toilet paper made from bamboo. The company's innovative approach utilizes a sustainable alternative to traditional paper products derived from trees, addressing a critical environmental concern. Cloud Paper's products are now utilized by a growing base of households and businesses across the nation, underscoring the increasing demand for environmentally responsible consumer goods.
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 Guy Oseary, Ashton Kutcher Network, Mark Cuban Companies, Gwyneth Paltrow, Russell Wilson, Dara Khosrowshahi, Greycroft Partners, Marc Benioff, 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.
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.
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 recent major strategic investment positions Cloud Paper for accelerated growth and market expansion. This capital infusion is expected to bolster the company's operational capabilities, enhance its product development pipeline, and broaden its reach within the sustainable consumer goods sector. Cloud Paper's commitment to reducing deforestation through its bamboo-based products aligns with a growing consumer consciousness towards environmental impact, suggesting a strong trajectory for future success and further capital raises.
See full Cloud Paper company page
