GERMANY - T-Online Venture Fund invests EUR 2m in swoodoo
T-Online Venture Fund has invested EUR 2m in travel comparison company swoodoo GmbH.
swoodoo operates an online flight search platform that offers customers the ability to search for flights using limited search parameters. The company, which was founded in 2006, is headquartered in Munich and employs a staff of 20 in Germany and Lithuania. The new investment will fund the company's product development, marketing and internationalisation.
A seed round of EUR 500k has previously been raised by a business angel.
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