Digital Publishing Provider PressMatrix Receives Series A Financing
Frankfurt, 11 June 2013. Digital publishing provider PressMatrix GmbH successfully closed a Series A financing round, led by PDV Inter-Media Venture. Existing investors High-Tech Gruenderfonds, LBBW Venture and Vilitas also participated in this financing round.
Founded in 2011 and being market leader in Germany, the Company plans to use the capital raised mainly for bolstering its internationalization activities. As of today, PressMatrix provides its services abroad to publishers in US, UK, Ireland, Poland and Brazil – expansion to further countries is envisaged for the near future.
“PressMatrix’ team has built an attractive service for the publishing industry. We are pleased to be able to actively support further growth”, stated Renate Dempfle, Managing Director of PDV Inter-Media GmbH.
“Significant potential in the Company’s target markets as well as the outstandingly strong and experienced Management Team make us confident in PressMatrix becoming a real success Story”, expressed Matthias Götz, Investment Manager of LBBW Venture.
“The commitment of PDV as new strategic investor as well as that of existing investors in this financing round reaffirms PressMatrix’ operating excellence and its huge importance for the publishing world”, said Romy Schnelle, Senior Investment Manager of High-Tech Gruenderfonds.
“Our technology helps publishing houses to enter new digital markets via mobile devices. The investment facilitates the further development of our technology to provide publishers with innovative add-ons and value added services to monetize their Content”, states Daniel Höpfner, founder and Managing Director of PressMatrix. “Moreover, we won a strong strategic partner to strengthen our position as market leader in Germany as well as to support our expansion into new international markets.”
PressMatrix’ technology enables publishers to adapt to market developments and changes in customer demands fostered by advancing digitization. Additional target groups can easily be reached via publishing and marketing of content on mobile devices via PressMatrix’ simple and automated solution, without initial project or integration costs.
Corporate Finance Partners – now ACXIT Capital Partners – acted as exclusive Corporate Finance adviser to PressMatrix GmbH and its Shareholders.
PressMatrix is a technology service provider enabling publishers and companies to distribute magazines and newspapers as applications for tablets and mobile devices. The Company has developed a swift and automated solution that makes print publications available for mobile devices running on iOS and Android operating systems. PressMatrix follows a hybrid technology approach providing the customary reading experience of printed magazines while utilizing the manifold possibilities inherent to the mobile medium. PressMatrix was established in 2011 by Daniel Höpfner, Jens Gützkow and Christian Marsch and, as of today, has 35 employees. (www.pressmatrix.de)
About PDV Inter-Media Venture
PDV Inter-Media Venture is the venture subsidiary of Media Group Pressedruck. The Company focuses on investments in growth companies providing media related services, with innovative business models and high growth potential. PDV positions itself as active investor, and is committed to making use of potential synergies within Media Group Pressedruck for its investments. (www.mediengruppe-pd.com)
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Leipzig, Zurich, Hong Kong and New York, as well as strong alliances in France, China and India. (www.acxit.com)
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