U.S. event technology services company Rock Paper Coin has raised $2.3 million in an equity funding round.

Elevate Capital, a U.S-based venture capital firm, spearheaded the funding round with participation from HearstLab, and Stormlight Holdings.

Rock Paper Coin will use the new funds to scale up its operations to meet customer demand and gain increased market share in the wedding services market.

Furthermore, the company is also planning to deploy the proceeds towards further growing and scaling its operations in 2023.