Paper at a glance
As of- [1] Equity raised: Sum of the 1 sourced equity round in the funding history below (debt, tender offers and rumored rounds excluded), August 1, 2026
- [2] Lead investors: Enid News & Eagle (Business Wire), August 1, 2026
What Paper does
Paper makes design software for teams that build products with AI coding agents.[1] Unlike design tools built on proprietary canvases, Paper renders designs in HTML and CSS so they connect directly to production code.[1] In early 2026 it launched Paper Desktop, which turns the design canvas into a shared workspace for people and AI agents.[1] Paper says it will use the money to speed up product development, grow its team and invest further in AI-native workflows for designers.[1]
Business model and customers
The company says its annual recurring revenue has grown 25 times since that launch.[1] Customers named by the company include Ramp, Lovable, Vercel, PostHog, Quartr and Y Combinator.[1]
Leadership
- It was founded by Stephen Haney, who is its CEO.[1]
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Company Snapshot
Paper is a developer tools company, based in San Francisco, California, USA, founded 2018.
Recent changes
- Aug 1, 2026Aug 1, 2026Raised $34M Series A Enid News & Eagle (Business Wire)
- Aug 1, 2026Aug 1, 2026New investor: Designer Fund Enid News & Eagle (Business Wire)
- Aug 1, 2026Aug 1, 2026New investor: Michael Grinich Enid News & Eagle (Business Wire)
- Aug 1, 2026Aug 1, 2026New investor: Accel Enid News & Eagle (Business Wire)
- Aug 1, 2026Aug 1, 2026New investor: Anton Osika Enid News & Eagle (Business Wire)
Earlier changes (3)
- Aug 1, 2026Aug 1, 2026New investor: Iconiq Capital Enid News & Eagle (Business Wire)
- Jul 23, 2026Jul 23, 2026Paper Raises $34M for AI-Native Design Platform Pulse story
- Jul 23, 2026Jul 23, 2026Paper Raises $34M to Build AI-Native Design Platform Pulse story
Funding history
1 equity event · newest first · sources dated per row| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Aug 2026 | Series A | $34M | — | AccelunverifiedIconiq Capitalunverified | Enid News & Eagle (Business Wire) |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
How Paper has been funded
On July 23, 2026, Paper announced a $34 million Series A with Accel and ICONIQ.[1],[2]
Investors and their roles
- Other investors include Designer Fund, WorkOS co-founder Michael Grinich, Lovable founder Anton Osika, and engineers and designers from Anthropic and OpenAI.[2]
Investors
Latest Pulse
- Jul 23, 2026Paper Raises $34M for AI-Native Design PlatformPaper, an AI-native design platform for teams shipping software with coding agents, raised a $34 million Series A led by Accel and ICONIQ, with angel backing from Anthropic and OpenAI engineers.→
- Jul 23, 2026Paper Raises $34M to Build AI-Native Design PlatformPaper closed a $34 million Series A to build a design platform where designers and AI coding agents share the same canvas, with customers including Ramp, Vercel, and Lovable.→
Coverage Timeline
newest firstAll Coverage
FUNDING$34M Series A
Paper Raises $34M for AI-Native Design Platform
Paper, an AI-native design platform for teams shipping software with coding agents, raised a $34 million Series A led by Accel and ICONIQ, with angel backing from Anthropic and OpenAI engineers.
Paper Raises $34M to Build AI-Native Design Platform
FUNDING$34M Series A
Paper Raises $34M to Build AI-Native Design Platform
Paper closed a $34 million Series A to build a design platform where designers and AI coding agents share the same canvas, with customers including Ramp, Vercel, and Lovable.
Related Companies
Paper FAQ
Who invested in Paper?
Other investors include Designer Fund, WorkOS co-founder Michael Grinich, Lovable founder Anton Osika, and engineers and designers from Anthropic and OpenAI.[2]
Who founded Paper?
Paper was founded by Stephen Haney, who is its CEO.[1]
What does Paper do?
Paper makes design software for teams that build products with AI coding agents.[1]
How much has Paper raised?
Paper has raised at least $34M in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $34M Series A in August 2026, reported by Enid News & Eagle (Business Wire). Debt financing, tender offers and secondary sales are not counted.
References
researched 2026-10-24Sources & methodologyshow
Where these figures come from
- Enid News & Eagle (Business Wire)Value Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.