Pressmart Gains $6 Million in Funding

Sep 09, 2008


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Pressmart Media Limited, a print-to-digital delivery service, announced that it has secured a $6 Million funding from two Venture Capital firms, Draper Fisher Jurvetson, and NEA IndoUS Ventures. Pressmart digitally archives physical information into searchable, retrievable, and repurposable content in XML format. Pressmart has converted 400 years of newspapers, magazines, books, research papers, hospital records, manuscripts and journals, apart from enterprise records, into digital content. This investment will go toward expanding Pressmart's global sales, marketing, and customer-support presence.

(www.pressmart.net, www.dfj.com, www.neaiuv.com)