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FiftyThree Lands $30M from NEA to Build Creation Tools for Enterprise and Education Users

FiftyThree, maker of the Paper app and Pencil stylus, raised $30 million to build creative tools for business and education users.

edCircuit logo: an orange lowercase eBy EdCircuit Staff1 min read
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A young woman in a light sweater leaning over a white desk drawing on a graphics tablet with a stylus sketches pinned on the wall behind bright daylight

FiftyThree, maker of the Paper app and Pencil stylus, has raised $30 million from New Enterprise Associates to build tools for enterprise and education users.

F iftyThree has spent the last several years making products to increase creativity among users. Now the company has an eye on producing new tools not just for the consumer market, but that enterprise and education users could also leverage. To help with that, the company is also announcing it has raised $30 million in new financing from New Enterprise Associates.

FiftyThree started out with an iPad app called Paper that was built to give users new tools to unlock their creativity. It followed that up with Pencil, a stylus designed to interact with Paper and make it easier for creators to use the app. Most recently, the company released Mix, which provides a new way for them to collaborate.

Read the rest of the article on TechCrunch

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