# Paper Education Company Inc.

Paper Education Company Inc. is an Educational Technology / e-learning / Tutoring based in Montreal, Canada.

## Overview

- **Organization type:** Educational Technology / e-learning / Tutoring
- **Headquarters:** Montreal, Canada
- **Region:** North America
- **Address:** Montreal, Quebec, Canada
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** paper.co
- **LinkedIn:** https://www.linkedin.com/company/paperlearning

## Regulatory record

- **Reports private funds:** No

## About

Philip Cutler, a former teacher, and Alex Serrão Teixeira founded Paper in 2014 out of Montreal, Canada. The company began as a parent-paid tutoring service before pivoting in 2018 to a district-contracted model where school systems pay a fixed per-student fee for unlimited tutoring access. Cutler remains CEO. Paper's strategy is single-asset-class: educational tutoring delivered via a proprietary platform that integrates with Canvas, Schoology, and other LMS systems. The company covers all K-12 subjects and provides on-demand writing review. Its model relies on a distributed network of contracted educators, not AI-driven instruction. Confirmed district partnerships include Los Angeles Unified School District, Houston ISD, and Broward County Public Schools. Geographic operations are North America-focused, primarily the United States and Canada. As of its last public financing round in 2022, Paper had raised approximately $400M from investors including SoftBank Vision Fund 2, Sapphire Ventures, and Bullpen Capital. The company reported over 4 million active student users and contracts with 400+ school districts in 2022. No additional offices beyond Montreal are confirmed; the company operates hybrid. Paper's structural differentiator is its contract structure: school systems pay the full cost of tutoring access, removing a parent-pay barrier that limits usage in many tutoring platforms. This district-as-payer model has allowed Paper to achieve scale in public-school systems while the vendor-provider relationship shields the student-facing experience from transaction friction.

## Sectors

- Education
- Enterprise Software

## People

- Philip Cutler — CEO and Co-Founder
- Alex Serrão Teixeira — CTO and Co-Founder

## Questions

### Who runs investment decisions at Paper Education Company Inc.?

Paper is a venture-backed private company, not a family office. Investment decisions are made by its executive team, led by CEO and co-founder Philip Cutler. The board of directors includes representatives from venture investors such as SoftBank and Sapphire Ventures.

### How does Paper source proprietary deal flow or contracts?

Paper does not make investments; it sells tutoring services. Its contract pipeline is built through direct outreach to school districts, attendance at education conferences, and responses to public procurement RFPs. The company does not source deal flow as an allocator.

### Does Paper participate in fund commitments or only direct deals?

Paper is itself a venture-backed operating company, not an LP. It does not commit capital to external funds. Its own capital is raised from venture investors including SoftBank, Sapphire Ventures, and Bullpen Capital.

### What investment stages does Paper target?

Not applicable. Paper does not invest; it operates as a venture-backed company that provides educational services. Its own growth stages have included seed (2014), Series A (2019), Series B (2020), Series C (2021), and Series D (2022).

### Which sectors does Paper explicitly avoid?

Paper focuses exclusively on K-12 educational tutoring. It has not publicly stated excluded sectors, but its offerings do not extend into higher education, test preparation for adult learners, or corporate training.

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Last updated: 2026-06-03T20:00:00.000Z

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