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Pressto secures $1.5 million in pre-seed spherical to enhance media literacy in youngsters

Pressto’s platform goals to make it straightforward for teenagers to make zines of their very own.

EdTech startup Pressto has raised $1.5 million in a pre-seed spherical led by Tidal Enterprise Companions.

Though Pressto is headquartered in Brooklyn, the startup can be positioned in Vancouver, Montréal, and Halifax. As Pressto was initially launched in Halifax, the corporate received $25,000 in prize money from Atlantic Canada innovation hub Volta in its 2021 pitch competitors.

The $1.5 million funding noticed the participation of Copper Wire Ventures, in addition to a bunch of angel buyers together with Isa Watson (Lightspeed Ventures Scout Fund), Wray Thorn (Clear Heights Capital), Dan Carroll (Intelligent), Ann Berry (Threadneedle Ventures), Jacob Zachs (Forage), Chris Yeh (Blitzscaling Ventures) and, Alex Rappaport (Flocabulary).

“We’ve seen great strides in the progress and velocity of the Pressto team—incubated in Halifax, Nova Scotia, with an early global reach—and we are genuinely excited to be partnering with such an innovative and needed EdTech platform,” stated Ian Whytock, co-founder and managing accomplice of Tidal Enterprise Companions.

Based in 2021 by serial entrepreneur Daniel Stedman, Pressto presents a SaaS-based newspaper and zine builder that goals to make studying to write down enjoyable for kids. Stedman volunteered to launch an elementary college newspaper the place his son was a scholar in Brooklyn and located that many scholar newspaper packages had been deserted, which was a part of his inspiration for creating Pressto.

In response to Pressto, the platform is designed to assist college students develop a wholesome relationship with what they eat and create within the media. Utilizing cognitive behaviour science, Pressto’s instruments train academic abilities, together with essential considering and media literacy to assist youngsters to distinguish between reality and opinion.

RELATED: Five Atlantic Canada startups secure investment at Volta pitch competition

Pressto stated its main focus is participating with faculties, providing its platform as a supplemental device that may be built-in with any curriculum throughout totally different topic areas. The platform is presently a part of a pilot program with the New York Division of Training, reaching over 30,000 college students all through the town.

Stedman’s mission in bettering media literacy by Pressto builds on his personal previous expertise working within the media business. In 2003, he co-founded Northside Media and bootstrapped the enterprise to over $5 million in income in response to Stedman’s LinkedIn web page. Stedman finally led the corporate’s sale to Zealot Networks in 2015. He later took over Northside Media once more, which then filed for chapter last year.

Northside Media included Brooklyn Journal, The L Journal, Northside Pageant, SummerScreen and Style Talks.

Featured picture from Pressto’s YouTube video.

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Hirak Deb Nathhttps://www.asem-education-secretariat.org
Hi, I am Hirak Deb Nath. I am working as an Associate Data Analyst and Web Developer at Accenture in the Artificial Intelligence Team. I have 1.5 years of experience in Full Stack Web Development in React and 5 years of experience in Digital Marketing. I run various Blogs and E-commerce businesses in different Categories. I am a News and Media, Business, Finance, Tech, Artificial Intelligence, Cloud Computing, and Data Science Enthusiast. Additionally, I know Java, C, C++, Python, Django, Machine Learning Android Development, SEO, SMM, Figma, Shopify, and WordPress customization.

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