The Paper Store, an Acton, Massachusetts-based specialty gift store, received a minority growth equity investment from WestView Capital Partners.
The company intends to use the capital to continue to expand operations.
Founded in 1964 by Bob Anderson, CEO, The Paper Store is an omnichannel retailer with a broad array of merchandise for every gift giving occasion. In its over 50 stores throughout New England, the company offers products including greeting cards, jewelry, fashion apparel and accessories, children’s products, sports apparel, stationery and books among many other product categories from brands such as Alex & Ani, Vera Bradley, Yankee Candle, and Hallmark cards.
The Paper Store will continue to be majority-owned and operated by its existing management team.
In conjunction with the funding, Carlo von Schroeter, Managing Partner of WestView Capital, will join The Paper Store’s board.
FinSMEs
01/10/2014