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Alexa and James Hirschfeld raise $25 million in Series C round funding for Paperless Post

Alexa and James, a brother and sister partnership will use some  of the capital to finance  international expansion.

James and Alexa Hirschfeld / Courtesy

James and Alexa Hirschfeld, brother and sister  joint CEOs and co-founders of New York-based online invitations startup Paperless Post  have announced that they have succeeded in conscripting $25 million in Series C round funding.

The funding  round  was headed up by Singapore based investment company August Capital with additional  participation coming  from existing investors Mousse Partners, RRE Ventures, SV Angel,  Tim Draper and Ram Shriram. August Capital ‘s Tripp Jones will be joining the  Hirschfeld’s on the board of Paperless Post.

Founded  in 2008,  James  and Alexa Hirschfeld, both of whom are Harvard graduates.  Paperless Post provides its  users with the facilities  to design and create custom invitations online and either e-mail them or send them through snail mail, through their recently launched printing service “PAPER”.

Paperless Post currently boasts close to 50 million users  and intend to increase that number considerably, through utilizing some of the latest round of funding to invest in developing their  mobile and online capabilities as well as expanding their international activities, initially in English-language markets.

According to James Hirschfeld,  Paperless Post  was established with the goal to become the new protocol for valuing social communication, regardless of the medium.

paperless-post

Paperless Post  was founded to provide online event invitations designed to give the appearance of being real-life formal communication, as well as providing  tools for its  users to track  responses to the invitation.

Since their foundation Paperless Post has  expanded the extent of their services, primarily  with the  launch of their  premium stationary printing service late in 2012, as well as entering into collaboration agreements with  such leading brands such as fashion trend setters as Oscar de la Renta and Jonathan Adley.

In the  five years since their founding, Paperless Post  have increased their work force to more than seventy, and have shipped  more than 100 million custom invitations.

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