It looks like many more chapters are about to be written by the team at FiftyThree, Inc. The company behind of the incredibly popular Paper app for iPad has announced $15 million in new funding, according to The Verge.
While the company remains mum on what the new funding means going forward, we do have an idea. According to Georg Petschnigg, CEO and co-founder, FiftyThree’s goal is to “build essentially a suite of mobile tools for creativity.”
To do so, the company “reveals that collaboration will be critical to the future of Paper and upcoming products.”
As Petschnigg notes:
When you look at the web today and what social media has done by giving everyone a voice, or how Wikipedia has given us the ability to recall information — we really haven’t figured out how to develop better ideas and new ideas together.
First released in 2012, Paper has now been downloaded 8 million times. It was named Apple’s “iPad App of The Year” in December.
Among the newest backers is Chris Dixon of Andreessen Horowitz. He joins other high profile investors including Twitter/Square founder Jack Dorsey, Thrive Capital’s Josh Kushner, and more.