Paperless Post has completed a $25 million round of financing for the further development of its mobile and online tools led by August Capital with participation from existing investors including RRE Ventures, SV Angel and Mousse Partners. This is the company's first equity financing round since 2012, when a $6 million round gave it a postmoney valuation of over $60 million. To date, it has raised over $37 million.
Paperless Post operates an online greeting card and invitation platform that has been designed to give users the ability to custom design online and paper stationery. Since its launch in 2008, Paperless has sent 100 million custom invitations and doubled its user base each of the last two years, currently boasting over 45 million.