Tuesday, September 17, 2013

You validate curation business model, Paper.li secures more funding

Our goal at Paper.li has always been to help people find, engage and build communities of like-minded individuals through content curation. Today, we are excited to announce that we have closed a new round of funding for $2 million and we are one step closer to achieving this goal.

This fresh capital pushes our total investment past $7 million to date, and opens up exciting new opportunities to innovate for our content curators at a more accelerated pace.

Thank you

Over the past three years, your curation efforts have helped shape the market. Today with over 3.7 million monthly users curating over 50 million articles in 7 languages daily, your curation efforts confirm our shared belief that future of content discovery and engagement is through the interest graph, not the social graph.

The speed at which Paper.li continues to grow is attributed to just one thing: you, the richly diverse community of curators across professions, industries and markets that continue to use, and love, the service. From solopreneurs to the largest of brands, there is only one thing to say: thank you. You never cease to inspire us.

What’s next

In 2012 we invested heavily in our technical architecture, engineering and implementing a state-of-the-art telecom grade platform to replace the original content curation we launched with in 2010. In doing so, we decreased system down times and vastly improved content processing, loading times and platform stability.

For 2013 our focus has been, and remains, on branding, collaboration and engagement features to help marketers and small business owners increase the net gain from their curation efforts. In doing so, our PRO user base has grown by more than 400% in the past three months, and we are forecasting to hit break-even in the coming three quarters.

Clearly, we have come a long way together since the first Twitter timeline paper rolled off the presses. Since then, you have paved the road for the potential of content curation and you have validated the value proposition.

We look forward to sharing some exciting next steps in the evolution of Paper.li and content curation in the coming weeks. Stay tuned… and thank you!

Ed & Isk

And the Paper.li team