About PressReader
PressReader is a company based in Richmond (Canada) founded in 1999.. PressReader has raised $8.5 million across 2 funding rounds from investors including European Union. PressReader has completed 1 acquisition, including News360. PressReader operates in a competitive market with competitors including Magzter, w2news, PaperBoy, S Lime and e-Kiosk, among others.
- Headquarter Richmond, Canada
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.5 M (USD)
in 2 rounds
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Latest Funding Round
$32.28 K (USD), Grant
Aug 25, 2016
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Software Development Team
32 people
Sales and Marketing
15 people
Leadership Team
11 people
Product Management Team
7 people
Senior Team
4 people
Manager Team
4 people
Human Resources and Administration
4 people
Account Team
4 people
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Funding Insights of PressReader
PressReader has successfully raised a total of $8.5M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $32.28 thousand completed in August 2016. 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 2
- Last Round Grant — $32,280
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First Round
First Round
(14 Mar 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Grant - PressReader | Valuation |
investors |
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| Mar, 2005 | Amount | Series A - PressReader | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 PressReader
PressReader has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 PressReader
PressReader has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include News360. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Personalized news feeds are generated from user behavior analysis.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PressReader
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Pressreader Comparisons
Competitors of PressReader
PressReader 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 Magzter, w2news, PaperBoy, S Lime and e-Kiosk, 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 |
Digital magazines and newspapers are distributed via an online platform.
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| domain | founded_year | HQ Location |
Aggregates newspapers and magazines in a digital app format.
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| domain | founded_year | HQ Location |
Serves as a digital newsstand for newspapers and magazines.
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| domain | founded_year | HQ Location |
App for reading latest newspapers and magazines on Samsung smartphones.
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| domain | founded_year | HQ Location |
Digital subscriptions for newspapers, magazines, and e-books are aggregated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Pressreader
Frequently Asked Questions about PressReader
When was PressReader founded?
PressReader was founded in 1999 and raised its 1st funding round 6 years after it was founded.
Where is PressReader located?
PressReader is headquartered in Richmond, Canada. It is registered at Richmond, British Columbia, Canada.
Is PressReader a funded company?
PressReader is a funded company, having raised a total of $8.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on Mar 14, 2005.
What does PressReader do?
PressReader was founded in 1999 in Richmond, Canada, and operates in the digital media sector as an aggregator of full-content newspapers and magazines. Access to over 2,300 publications from nearly 100 countries is provided through smartphone apps and web platforms. Titles such as the Chicago Tribune, The Guardian, and Le Monde are included, with options for per-issue purchases at 0.99 or subscriptions via the associated site.
Who are the top competitors of PressReader?
How many acquisitions has PressReader made?
PressReader has made 1 acquisition, including News360.
Who are PressReader's investors?
PressReader has 1 investor. Key investors include European Union.