application works created using the Paper
SAN FRANCISCO, June 18 evening news, iPad Application Paper (click here to download) developer FiftyThree announced on Tuesday in the first round of financing to obtain $ 15 million investment.
round of investment from the venture capital institutions Andreessen Horowitz Fund (Andreessen Horowitz) partner Chris Dixon (ChrisDixon) lead investor, mobile payments startup Square co-founder Jack Dorsey (Jack Dorsey) , Highline Venture Partners, Thrive Capital and SV Angles also participated in the investment.
FiftyThree most well-known application is the Paper, on the iPad allows users to draw their own ideas or sketches. Company CEO George faction Shi Nige (Georg Petschnigg), said the money will be used to develop a set of important tools used to create movement.
FiftyThree also plans to expand its innovative products, including New York and Seattle engineering team to recruit more engineers. In addition, the company also plans to set up a new office. The goal is ambitious, FiftyThree hopes to become tablet PCs and smart phones era Adobe.
Paper is Apple’s App Store application store is very popular office applications, ranking only after Apple’s iWork office applications. Paper obtain revenue through in-app purchases. FiftyThree said that this model is very effective, not only in terms of revenue, in product design as well.
Paper downloads has exceeded eight million times, FiftyThree did not disclose the number of active users, but said the company is now profitable. (Li)
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