Paper.li, a project of the Lausanne-based startup SmallRivers, has just attracted additional $2 million of new financing. The fresh capital comes from Debioinvestment and Polytech Ventures, along with existing investors, and pushes Paper.li’s total investment to about $7.2 million.
The ambitious Paper.li project, which launched in 2008, enables its users to find, engage and build communities of like-minded individuals through content curation. Today, over 3.7 monthly users are curating over 50 million articles in 7 languages daily.
Edouard Lambelet, Co-founder and Chairman of SmallRivers (Paper.li) stated on the company’s blog: “In 2012 we invested heavily in our technical architecture, engineering and implementing a state-of-the-art telecom grade platform to replace the original content curation we launched with in 2010. In doing so, we decreased system down times and vastly improved content processing, loading times and platform stability. For 2013 our focus has been, and remains, on branding, collaboration and engagement features to help marketers and small business owners increase the net gain from their curation efforts. In doing so, our PRO user base has grown by more than 400% in the past three months, and we are forecasting to hit break-even in the coming three quarters.”