Tuesday, May 29, 2007

Jajah gets money from T-Online Venture Fund

I just got an email telling me that Jajah gets money from the German T-Online Venture Fund. Another round of financing, not even three weeks after the $20 million Series C investment round by Intel?

Not quite.

"The investment of the T-Online Venture Fund is part of a together with Intel Capital leaded investment round over 20 million US dollar", says the press release. So Intel is putting its risk on many shoulders. The Germans are now quietly paying a part of the bill while the Americans got the big press three weeks ago.

That reminds me of the story how many Hollywood blockbusters are paid by German tax money. Productions like Lord of the Rings or Mission Impossible II could not have been filmed without German tax saving models for Hollywood media funds. They invest billions while the German movie industry is starving.

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