zweitgeist GmbH (Germany) - Dec 2007

T-Online Venture has provided early-stage financing to internet company zweitgeist GmbH. T-Online Venture is the venture capital entity of Deutsche Telekom. Its aim is to support the strategic business segment Broadband/Fixed Network of Deutsche Telekom in its objectives. In 2001, it established the T-Online Venture Fund which is equipped with an investment volume of €100m. The Deutsche Telekom group was involved before through Gamesload, an online portal for PC games downloads. Other investors included the High-Tech Gründerfonds, Swiss company Mountain Partners AG, as well as several business angels.

Company

Hamburg-based start-up zweitgeist GmbH has developed weblin, an internet application that enables internet users to communicate with each other on any website through the use of personalised avatars. In addition to that, zweitgeist has developed a high-performance browsing tool. zweitgeist was founded in 2006. The funds will be used to grow the company and expand into the international market and co-operation with T-Online Venture sees zweitgeist benefit from Deutsche Telekom’s network of cooperation partners and synergies.

People

Jan Andresen is CEO of zweitgeist.

Sourced from: Deutsche unquote" 94 (Jan 2008)

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• Topics
• DACH
• Early-stage
• Technology
• Germany