PressMatrix, a Berlin, Germany-based provider of digital publishing solutions, closed a €2.5m financing.
Backers included existing investors High-Tech Gründerfonds, LBBW Venture and Vilitas, as well as new strategic investor PDV Inter-Media Venture GmbH.
The company intends to use the funds to continue to grow in Germany as well as expand internationally.
Founded in 2011 by Daniel Hoepfner, CEO, Jens Gützkow und Christian Marsch, PressMatrix provides publishers with a platform to distribute magazines and newspapers as applications for tablets and mobile devices on iOS and Android operating systems.
The company, which currently employs 35 people, offers its services in the U.S., UK, Ireland, Poland and Brazil with further countries to be added in the near future.
07/11/2011: Pressmatrix Raises a Seven Digit Funding