Flypaper Studio Raises $3 Million

Flypaper Studio Inc., a Phoenix-based provider of rich media content software and services, has raised $3 million in Series A funding from Sierra Ventures and SCF Arizona. Get more info.


Flypaper Studio, Inc., an innovator in rich media content software and services, today announces the company has closed $3 million in Series A funding. The venture capital round comes from Sierra Ventures of Menlo Park, California, and SCF Arizona of Phoenix, Arizona.

“We can easily see how Flypaper solves a problem for businesses, while providing something very simple and attractive for consumer use as well,” commented David Schwab, managing director at Sierra Ventures. “Early recognition of Flypaper has been substantial. With Pat Sullivan and his team leading the way, we anticipate growth of the company and success of the product to come very quickly.”

Duane Miller, chief business development office for SCF Arizona, went on to say, “We are excited to follow on our Invest Southwest Investing Sponsor Award with additional funding. The Flypaper management team has taken an exciting concept and built a multi-dimensional business model around it to address a very large market opportunity.”

Flypaper was launched last week at the exclusive DEMO 2008 Conference, held January 28-30 in Palm Desert, California. The company took home a coveted DEMOgod award, which recognizes the top new products from the conference. Flypaper allows users to easily create, edit and share Flash