Paper For iPad Creator FiftyThree Secures $15 Million In Funding For New Apps



Paper for iPad creator FiftyThree has today announced that it has secured $15 million in funding to build a suite of “mobile tools for creativity.” It’s quite an achievement for an app startup, particularly one that isn’t a smash-hit game, but if FiftyThree’s upcoming apps are anywhere near as successful as Paper, the investment will surely pay off.

FiftyThree was started by former Microsoft employee Georg Petschnigg, who was one of the people working on the scrapped Courier project, and it now claims 22 employees. Despite its growth, it continues to operate out of Petschnigg’s apartment in Tribeca, New York.

When the company first released Paper for iPad, it received heaps of praise from fans and the media, and amassed an incredible 1.5 million downloads in its first two weeks alone. It’s now one of the top grossing productivity apps on iOS, despite making most its revenue simply from selling paintbrushes and a color mixer.

But it is FiftyThree’s vision for other apps that has investors interested, according to Chris Dixon at Andreessen Horowitz, which is leading the Series A round of funding. FiftyThree is keeping quiet about what exactly it has up its sleeve for the future, but Petschnigg has revealed to The Verge that its “goal is to build essentially a suite of mobile tools for creativity.”

It’ll certainly be interesting to see what FiftyThree comes up with next, then. As a massive Paper fan, I’m very excited to see what the new funding brings.

Source: The Verge