PressMatrix Raises a Seven-Digit Funding

PressMatrix, a Berlin, Germany-based technical service provider that allows publishers and companies to distribute magazines and newspapers as applications for tablets and mobile devices, has raised a seven-digit sum.

Backers include High-Tech Gründerfonds, Investment Bank Berlin’s ProFIT, and business angel Henri Kühnert from SinnerSchrader Mobile.

The company intends to use the funds to further develop its technology, increase its market presence, hire additional staff.

Initially founded as BBLabs in 2009 by Managing Director Daniel Höpfner, Jens Gützkow und Christian Marsch and renamed at the beginning of 2011 as PressMatrix, the company has developed a platform that enables publishers to make their content directly available for readers via iPad, Android tablet and smartphone complete with enhanced interactive elements like video, slideshows and e-shopping.

The company currently has 15 employees in Berlin, Hamburg and Dubai.



Join the discussion