Key Takeaways Paper raised $34M in a Series A co-led by Accel and ICONIQ, bringing total funding to $38.5M. Paper, a San Francisco-based design platform, has raised $34 million in Series A funding co-led by Accel and ICONIQ, according to an official announcement. Developers and AI agents need to translate that format into production code before anything can ship. Growth After Paper DesktopAfter Paper Desktop launched in early 2026, the company says ARR grew 25 times in a single month. Paper is also investing in open-source projects including Paper Shaders and Paper Mono, a monospaced font.