Presso
Latest round
- Seed
Last raised
- Jan 2023
Total raised
- $9.6M
Investors
- 9
About Presso
Founded in 2018 by Kristian Papadakis, Nishant Jain, and Thibault Corens, Presso operates from Sandy Springs, US.Presso specializes in providing innovative garment care solutions through its flagship product, the Presso Machine. This advanced, on-demand garment care system is designed to service business casual and formal wear, addressing the need for quick and efficient clothing maintenance in various environments, including multifamily residential buildings, hotels, corporate offices, and travel hubs. The Presso Machine operates autonomously, delivering fresh, crisp clothing in approximately five minutes, using eco-friendly solutions that are organic, biodegradable, and compostable, thereby eliminating the reliance on toxic chemicals and microplastics. The company’s clientele includes property managers, hospitality operators, and retail establishments looking to enhance their service offerings and create new revenue streams.Presso generates revenue primarily through direct sales of its Presso Machines and associated services, targeting commercial clients in various sectors. The transaction structure typically involves partnerships with property management companies and hospitality providers, where clients integrate the Presso Machine into their facilities, facilitating a seamless garment care experience for their residents and guests. Revenue can be derived from both the initial purchase of the machines and ongoing service agreements, which may include maintenance and supply of eco-friendly cleaning solutions. The competitive pricing model positions Presso as an attractive alternative, being up to five times cheaper than traditional garment care services. Future growth strategies include the design and launch of new products aimed at broadening their market appeal, along with targeted expansion into international markets to enhance their global reach.
Who invested in Presso
9 investors across 4 rounds
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Questions about Presso
Who invested in Presso?
Presso has 9 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Presso raised?
Presso has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Presso last raise money?
Presso's most recent round on record is a Seed, in Jan 2023.
What does Presso do?
Founded in 2018 by Kristian Papadakis, Nishant Jain, and Thibault Corens, Presso operates from Sandy Springs, US.
Where is Presso headquartered?
Presso is headquartered in Sandy Springs, US.
Which VCs invest in companies like Presso?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer services companies at Presso's stage. Their profiles are linked below.
VCs backing consumer services startups at Seed
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