# PressMatrix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pressmatrix

- Industry: Media
- Headquarters: Berlin, Germany
- Website: www.pressmatrix.de
- Total disclosed funding: $3.3M
- Latest round: Series A (Apr 16, 2013)
- Investors on record: 3

## About

PressMatrix GmbH is a digital publishing solutions provider based in Berlin, Germany, focused on enhancing digital content distribution for media professionals and businesses through innovative platforms and services.PressMatrix GmbH operates in Berlin, Germany, specializing in digital publishing solutions that empower content creators. The company was recently acquired by Presse Service Bonn GmbH & Co.KG in October 2021. The founders include Iyad El-Khatib, JACK NICOLA, Jens Gützkow, and Michael Schrader. The company has raised a total of EUR 2.500 mn through its latest funding round, Series A, backed by investors including High-Tech Gründerfonds, LBBW Venture Capital, and pd ventures, achieving a current valuation of EUR 8.454 mn. PressMatrix has completed a total of 3 investment deals since its inception.PressMatrix specializes in digital publishing solutions tailored for content creators and media professionals, allowing them to enhance their digital presence. Their main offerings include ReadMatrix, which optimizes article distribution across social media and within PressMatrix applications, and a native app development service that enables clients to create multimedia reading experiences branded to their specifications. The company caters to a wide range of clients, helping them transition traditional publications into digital formats and broadening their audience engagement across European markets.PressMatrix generates revenue through subscription services and partnerships with clients. Clients purchase subscriptions to access PressMatrix's digital publishing tools, including ReadMatrix and app development services, which enhance content visibility. Pricing is customized based on client needs and the scale of digital content efforts, with flagship products contributing to client engagement and sustained revenue. The company's partnership model ensures ongoing support and updates, maintaining the effectiveness of clients' digital content.Moving forward, PressMatrix aims to introduce new products and enhance existing services by leveraging the recent funding of EUR 2.500 mn raised in October 2021. The strategic plan includes expanding into new geographic markets, focusing on additional European countries by late 2023. The funding will support product development and market entry strategies, ensuring that PressMatrix continues to meet the evolving needs of its clients in the digital publishing sector.

## Funding rounds

- Series A, Apr 16, 2013, $3.3M — LBBW Venture Capital, High-Tech Gruenderfonds, pd ventures

## Investors

- LBBW Venture Capital (https://capitalatlas.ai/funds/lbbw-venture-capital) — Series A
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Series A
- pd ventures (https://capitalatlas.ai/funds/pd-ventures) — Series A