Presto Media, a specialized digital media marketplace, has secured a seed funding round that values the company at $1.25 million.
The finance round was led by local Bloomington-Normal investor and business operations specialist Michael Straza and his company Straza Consulting.
Straza has joined the company as a managing partner and will serve as Chief Operating Officer for the startup digital media marketplace. As a seasoned entrepreneur and consultant, Straza says he’s worked with many startups, so he knows a gem when he sees it. “The team at Presto Media impressed me from our first meeting, with its solid vision, innovative solutions, and experienced people. I’m thrilled to invest and make this company a great success,” mentions Straza.
The company’s platform was built by software developer Patrick Fitzsimmons, creator of the Stallion.io framework, and the founding engineer at HubSpot, an inbound marketing and sales software company that is valued at $2 billion.
“We started Presto Media when we discovered the disconnect between digital media marketers, and digital media content creators. There’s an art to engaging content, and we used our extensive experiences in digital media to build a marketplace that breeds quality content that is both engaging and surprisingly inexpensive for our clients,” Presto Media CEO and Co-Founder Dave Polykoff says.
The Presto Platform launched September 1, 2016, with more than a dozen digital publishing and digital media marketing partners. After 90 days in private beta, the company is now accepting new partners to join its platform.
“We plan to use our new infusion of cash to hire a Chief Content Officer, add new features to our state-of-the-art digital media management software, and increase our in-house digital marketing initiatives,” says CMO and Co-Founder James Kosur.
Presto Media is headquartered in Bloomington, IL, with offices in Philadelphia, PA and Madison, WI.
You can learn more about Presto Media at http://Presto.Media.