About Presso
Presso is a company based in Atlanta (United States) founded in 2018 by Nishant Jain and Thibault Corens.. Presso has raised $9.85 million across 4 funding rounds from investors including Uncork Capital, 1517 Fund and AME Cloud Ventures. Presso offers products and services including Presso Machine and Virtual Checkout. Presso operates in a competitive market with competitors including Centric Software, Backbone PLM, Gerber Technology, BRIKL and Strypes, among others.
- Headquarter Atlanta, United States
- Founders Nishant Jain, Thibault Corens
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Sectors
RetailIndustrial Goods & Manufacturing Consumer
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Phone
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Website
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Social
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- Legal Name Laundrysucks.Io Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.85 M (USD)
in 4 rounds
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Latest Funding Round
$8 M (USD), Seed
Jan 19, 2023
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Investors
Uncork Capital
& 8 more
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Employee Count
Employee Count
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Products & Services of Presso
Presso offers a comprehensive portfolio of products and services, including Presso Machine and Virtual Checkout. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Autonomous machine for fast steaming and eco-friendly garment maintenance.
System for seamless payment and machine interaction in garment care.
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Funding Insights of Presso
Presso has successfully raised a total of $9.85M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $8 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $8.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2023 | Amount | Seed - Presso | Valuation |
investors |
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| Dec, 2020 | Amount | Seed - Presso | Valuation | Pathbreaker Ventures , AME Cloud Ventures |
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| Sep, 2019 | Amount | Seed - Presso | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Presso
Presso has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Uncork Capital, 1517 Fund and AME Cloud Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in multiple sectors by Uncork Capital.
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Founded Year | Domain | Location | |
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Life-Sciences & Tech focused Seed-stage VC Firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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AME Cloud Ventures is focused on investing in data-driven technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Presso
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Presso
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Presso Comparisons
Competitors of Presso
Presso operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Centric Software, Backbone PLM, Gerber Technology, BRIKL and Strypes, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering software product lifecycle management software
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| domain | founded_year | HQ Location |
Web-based PLM tool is provided for fashion brands' collaboration.
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| domain | founded_year | HQ Location |
PLM solutions are provided for fashion design and manufacturing.
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| domain | founded_year | HQ Location |
3D configurator and eCommerce solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Interactive 3D product customization platform for retailers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Presso
When was Presso founded?
Presso was founded in 2018.
Where is Presso located?
Presso is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Presso?
Nishant Jain is the current CEO of Presso. They have also founded this company.
Is Presso a funded company?
Presso is a funded company, having raised a total of $9.85M across 4 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Jun 01, 2018.
What does Presso do?
Presso was founded in 2018 in Atlanta, United States, as an internet-first brand focused on AI-driven garment care. Camera technology and sensors are employed to collect garment data, while pressurized steam systems and proprietary cleaning solutions are utilized for maintenance. Virtual checkout options are integrated, with products designed for eco-friendliness and customization in the consumer tech sector.
Who are the top competitors of Presso?
Presso's top competitors include Centric Software, Backbone PLM and Gerber Technology.
What products or services does Presso offer?
Presso offers Presso Machine and Virtual Checkout.
Who are Presso's investors?
Presso has 9 investors. Key investors include Uncork Capital, 1517 Fund, AME Cloud Ventures, HAX, and SOSV.