Tech Company Financing Transactions
Paperless Parts Funding Round
On 9/14/2021, Paperless Parts secured $30 million in Series B funding from OpenView Venture Partners and private investors.
Transaction Overview
Company Name
Announced On
9/14/2021
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series B
Investors
OpenView Venture Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand and strengthen its capabilities across the platform, including the recently announced partnership with PennEngineering, and its engineering, product, customer success, and support teams.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
205 Portland St. Level 6
Boston, MA 02114
USA
Boston, MA 02114
USA
Phone
Website
Email Address
Overview
Jay Jacobs started RAPID Manufacturing in 2001. Over 17 years, the firm grew to be the world's largest prototype sheet metal and second-largest prototype CNC machining business. RAPID's success was aided by leveraging modern technology, and Paperless Parts was founded to give other manufacturers access to these same types of tools.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jason Ray
Chief Technical Officer
Scott Sawyer
Vice President
Lindsey Athanasiou
VP - Customer Service
Kat Libby
VP - Engineering
Kevin Chen
VP - Engineering
Nick Chu
VP - Engineering
Kate Zinsky
VP - Marketing
Danielle Goodman
VP - Marketing
Matthew Sordillo
VP - Sales
Michael Stankus
VP - Sales
Max Tipton
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