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Mark Cuban, Gwyneth Paltrow and Ashton Kutcher Back Tree-Free Toilet Paper Startup Cloud Paper

Cloud Paper’s September 2020 seed round was $3 million, led by Greycroft, with Mark Cuban, Gwyneth Paltrow and Ashton Kutcher among reported investors. By February 2022, GeekWire reported $8.5 million in total funding.
From TheFinanceBase Team2 min to read
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Seattle startup Cloud Paper raised a $3 million seed round in September 2020, led by Greycroft, to grow its bamboo toilet-paper business. Mark Cuban, Gwyneth Paltrow and Ashton Kutcher were among the investors named in contemporaneous coverage. The company later raised more: GeekWire reported $8.5 million in total funding by February 2022.

Who invested in Cloud Paper’s 2020 seed round?

Cloud Paper, founded by University of Washington graduates Ryan Fritsch and Austin Watkins, announced the $3 million seed financing on September 22, 2020. Greycroft led the round. Investor lists differed between the outlets covering it, so names are best read with their source attribution.

  • GeekWire named Mark Cuban, Gwyneth Paltrow, Ashton Kutcher, Guy Oseary and Hadi Partovi among participants.
  • TechCrunch also named Marc Benioff, Robert Downey Jr., Uber CEO Dara Khosrowshahi, Russell Wilson, Ciara, Grant Ries, Muse Capital, and Ashley and Marc Merrill.

Co-founder Austin Watkins said the fundraising priority was finding investors “who are passionate about building a tree-free paper movement with us.”

What did Cloud Paper sell?

In 2020, coverage described Cloud Paper as selling bamboo toilet paper to consumers and businesses. GeekWire reported that its direct-to-consumer offer then was a 24-roll box for $28. That is a historical price, not a current quote. The company used plastic-free packaging, according to the 2020 report.

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#1 Best Overall
Caboo Tree Free Toilet Paper, PFAS Free, Septic Safe, 24 Rolls
  • TREE-FREE TOILET PAPER is a great green alternative to other toilet tissue products. Crafted from responsibly sourced, organically grown bamboo that regenerates itself within 2 years. 100% bamboo Caboo toilet paper rolls are a sustainable choice that helps reduce environmental impact without compromising on quality.
  • SEPTIC SAFE toilet paper is flushable, quick dissolving and safe for all disposal and sanitation systems. Use tree free toilet tissue as your rv toilet paper, in your home bathroom, or store some rolls in your car for travel toilet paper.
  • ABSORBENCY AND QUALITY you can feel. Our tree free bath tissue is tear resistant and doesn't crumble. Safe for sensitive skin and toxin free, with Caboo you won't have to compromise softness for strength.
  • DOUBLE ROLL PACK OF 24 toilet paper rolls is equivalent to 30 rolls of the other leading natural toilet paper brands. Caboo toilet paper is septic safe, chemical free, biodegradable, hypoallergenic, BPA-free, fragrance free, paraben free, elemental chlorine free, eco friendly, earth friendly, and non-GMO project verified.
  • TOILET PAPER BULK PACK of 24 double rolls with 300 2-ply sheets per rolls. Caboo toilet paper is accredited by the BRC Global Standards, FSC, and ISO 14000. We are a Certified B-Corp and proudly "Panda Friendly"

By 2022, Cloud Paper had also added bamboo paper towels. GeekWire described the toilet paper as tree-free and three-ply, and reported that the products had received Forest Stewardship Council certification in 2021. These details describe the company at the time of that report; current product range, specifications, prices and availability are not established here.

How much has Cloud Paper raised?

The 2020 $3 million seed round was not the company’s eventual reported funding total. GeekWire reported in February 2022 that Cloud Paper had raised a further $5 million, bringing its total funding to $8.5 million, including $500,000 in friends-and-family funding and the earlier seed round.

Rank #2
Amazon Aware Bamboo 3-Ply Toilet Paper, Unscented, 24 Rolls, FSC Certified, 350 Sheets, 8400 Count, Pack of 24, Plastic-Free
  • Includes 24 rolls with 350 3-ply sheets per roll
  • Soft, Strong, Absorbent, Fragrance free
  • Formulated without elemental Chlorine and/or dye
  • FSC-CERTIFIED TOILET PAPER (FSC N004130): Made with materials from well-managed forests, recycled materials, and/or other controlled wood sources

The 2022 report named Bezos Expeditions, TIME Ventures, Jeff Wilke and Ashton Kutcher among backers involved in the later financing, and listed Mark Cuban and Gwyneth Paltrow among other notable investors. It also described an eight-person team and plans to invest in supply chain, product development, hiring, launches and distribution. Those are dated figures and plans, not current company details.

What environmental claims did the company make?

GeekWire reported in August 2020 that Cloud Paper said customers switching to its products, together with the company’s Carbon Fund, had saved and offset more than 1 million pounds of carbon. In its 2022 coverage, GeekWire reported the company’s claim that its products saved more than 10,000 trees in 2021. These are company-reported figures; the cited coverage does not establish independent verification or a full life-cycle assessment.

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Rank #3
ECOLipak Bamboo Toilet Paper 2 Ply, 24 Double Rolls, 320 Sheets, White
  • Good For The Environment: Bamboo toilet paper is made entirely from renewable and eco-friendly bamboo, which does not harm any trees. Using these toilet papers protects the forests and our planet!
  • Septic Safe: Toilet paper is dissolvable and can be flushed with confidence. Perfect for a variety of disposal systems, use as home bathroom toilet paper, RV toilet paper, or travel toilet paper.
  • Value Packaging: You will receive 24 rolls of toilet paper with 320 sheets per roll. Affordable eco-friendly toilet paper bulk , the perfect alternative to regular toilet paper!
  • Health: Biodegradable toilet paper uses only bamboo as a raw material , non-toxic, chemical free, does not cause allergies, no scent. Go ahead and use it!
  • Soft And Absorbent: Tree-free toilet paper is made with a carefully designed grain and a special process, free of fine lint and fibers on the surface, making these papers very soft and absorbent.

Tree-free describes the reported fiber source—bamboo—rather than proving that a product has no environmental costs. A fair comparison with other tissue would need to consider fiber source, manufacturing, transport, packaging and disposal, as well as product performance. The available reporting does not support declaring bamboo universally better than recycled-fiber tissue.

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What the funding story does—and does not—show

The financing and celebrity-investor names document interest in Cloud Paper’s tree-free tissue business at particular points in time. They do not establish the company’s present operating status, current sales channels or current product terms. GeekWire reported an 800% increase in signups during the pandemic in 2020; its 2022 article also carried company-attributed growth figures, including 930% more rolls delivered since the seed round. These dated growth claims should not be treated as current performance measures.

Best Value
Reel Premium 3-Ply Bamboo Toilet Paper - 24 Rolls, 300 Sheets per Roll
  • Premium Bamboo Toilet Paper: Reel Toilet Paper is made with sustainably sourced bamboo, making it an easy and eco-friendly swap for regular rolls. Our 3-ply paper is soft and strong with 300 sheets per roll. Includes 24 individually wrapped rolls per box.
  • Tree-Free 3-Ply: Made with FSC-certified bamboo, a renewable resource that regrows in a few years (instead of decades, like most trees). Reel’s tree-free toilet paper delivers premium softness and strength while helping reduce deforestation and reliance on virgin wood pulp.
  • Reduce Your Carbon Footprint: Every roll is individually wrapped in paper and packed in recyclable, plastic-free packaging—right down to the plastic-free tape.
  • A Healthier Choice for You & Your Household: Reel Bamboo Toilet Paper is non-toxic and made without harsh chemicals. No inks, dyes, PFAs, or BPA, and all of our paper is elemental chlorine-free.
  • Septic-Safe: You can feel good knowing Reel toilet paper breaks down in septic and sewer systems. It’s quick-dissolving and is an eco-friendly option for RVs.
Rank #4
NooTrees Bamboo Toilet Paper, Eco Friendly, Tree-Free, Biodegradable, Septic Safe, Chemical-Free, FSC Certified Bathroom Tissue, 3-ply Toilet Paper, 220 Sheets, 12 Rolls, Pack of 1
  • Premium 3-Ply Bamboo Construction: Made with 100% virgin bamboo pulp that is velvety soft and ultra absorbent, offering at least 20 percent more absorbency than traditional wood pulp products
  • Chemical-Free Composition: Our bamboo pulps are made without BPA, dyes, chemicals or fragrances for a pure and safe bathroom experience
  • Earth-Conscious Choice: Switch to our bamboo pulp products and play your part in protecting the environment for future generations
  • Convenient Pack Size: Contains 12 rolls with 220 sheets per roll, providing long-lasting supply for your household needs
  • Septic Safe Design: Tree-free toilet tissue that is completely safe for septic systems and breaks down quickly after flushing

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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