PressMatrix provides publishers with a platform to distribute magazines and newspapers as applications for tablets and mobile devices on iOS and Android. Founded in 2011 by Daniel Hoepfner, Jens Gützkow and Christian Marsch and based in Berlin, the company employs 35 people. It offers services in the U.S., UK, Ireland, Poland and Brazil and plans to add further countries. The company closed a €2.5m Series A financing to support continued growth in Germany and international expansion. Backers on the round included existing investors High-Tech Gründerfonds, LBBW Venture and Vilitas, alongside new strategic investor PDV Inter-Media Venture GmbH. A prior seven-digit funding round was reported in 2011. PressMatrix develops a platform that lets publishers make content available on iPad, Android tablets and smartphones with enhanced interactive elements such as video, slideshows and e‑shopping. The company was founded in 2009 as BBLabs and was renamed PressMatrix at the beginning of 2011. It operates from Berlin with additional presence in Hamburg and Dubai and currently employs 15 people. PressMatrix has raised a seven-digit sum to support its growth. The company intends to use the funds to further develop its technology, increase its market presence and hire additional staff. The article does not disclose revenue or other operating metrics.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2013