London design startup Papier picks up $11m from top UK venture funds

Personalised stationery firm Papier today closed an $11m (£9.1m) funding round, led by Monica Vinader backer Beringea.

Other investors such as Felix Capital, Innocent Drinks’ founders fund Jamjar Investments and Downing Ventures also participated, taking Papier’s total raised to date to $15m.

The design company said it will use the funding to accelerate its growth in the US, which accounts for 15% of the brand’s total revenue and is growing at around 40% each month. It will also expand its product range and build new collaborations.

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