Including the current round of funding, the company has now raised over $35 million of capital. Fueled by previous investments, PaperExchange.com has grown its membership from 250 to more than 3,000 members worldwide.
In addition to making a personal investment in PaperExchange.com, David Wetherell will also join the company's board of directors. Other board members include Robert Kraft of the Kraft Group, Roger Stone of Stone Container Corporation, Walter Buckley of Internet Capital Group, Bill Haskell of Internet Capital Group, Jonathan Kraft of the Kraft Group, Nathan Leight of Terrapin Partners L.L.C., and Kent A. Dolby of PaperExchange.com.
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