DuMont Venture et al. invest in yourvideocard
DuMont Venture, the venture arm of publishing house DuMont, CFP & Founders Investments and business angels have invested close to €10m in video greeting card company yourvideocard.
CFP & Founders Investments had established a relationship with the managers of yourvideocard since the company's inception and are looking forward to working with the company.
The firm hopes to distribute its products in shopping malls, chemist's shops and petrol stations. The entrepreneurs also want to offer the video greeting cards to businesses for marketing use.
The investors were convinced by the innovative product and experience of the management team, which has already founded personal photo album producer myphotobook. DuMont Venture believes that the video greeting card has a higher appeal to the consumers than regular greeting cards, emails or mobile phone texts.
Company
Berlin-based yourvideocard GmbH is a distributor of individually designed video greeting cards. The cards contain an LCD screen, a camera for photo and video as well as a microphone and speakers. Additionally every card has a mini USB port to recharge the video card and use it as storage medium for photos and videos. yourvideocard employs more than 10 members of staff and operates in Germany, Israel and China.
People
Jörg Binnenbrücker is manager at DuMont Venture. CFP & Founders Investments is represented by Jens Munk.
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