Free press releases distribution network?

Agency / Source: BLUE LION mobile GmbH

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Qeep Secures Multi-million Series B Financing - XAnge, KfW and BDMI, Venture Capital Fund of Bertelsmann, invest a medium one digit million EUR sum. BLUE LION mobile develops and distributes qeep, one of the world’s largest mobile social networks with a focus on multiplayer gaming
Qeep Secures Multi-million Series B Financing

 

PRZOOM - /newswire/ - Cologne, Nordrhein-Westfalen, Germany, 2010/12/16 - XAnge, KfW and BDMI, Venture Capital Fund of Bertelsmann, invest a medium one digit million EUR sum. BLUE LION mobile develops and distributes qeep, one of the world’s largest mobile social networks with a focus on multiplayer gaming.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Today, BLUE LION mobile, developer of the mobile social entertainment network qeep, announced it has closed a multi-million euro B round. The round was led by French VC XAnge and co-invested by the KfW. Additionally, existing shareholder Bertelsmann Digital Media Investments (BDMI), the investor of the Series A in 2007, also participated in the Series B.

The investment was made in view of the significant growth of qeep, the mobile gaming and entertainment network. Qeep is compatible with over a thousand Java-enabled devices and has already reached a wide mass market; in fact more than six million users have registered on qeep so far. Every month the company counts over 500 million mobile page impressions and more than 1.5 million multiplayer game participations.

Investors were attracted to qeep because of its focus to reach the mass market and create a unique platform for mobile multiplayer gaming. Bernhard Schmid, partner of XAnge stated, “The concept and its growth to date has been impressive. We believe that with our know-how and financial resources we can continue to accelerate qeep’s development.”

Urs Cete, principal of BDMI, added: “Presently qeep gains almost 10,000 new users every day and is able to monetize them in varied ways. In mobile this is rather unique.”

The funds raised will be mainly invested in the product development and international expansion of qeep. Christian Schulte, co-founder of qeep and managing director of BLUE LION mobile, sees an enormous opportunity: “We’re pleased to have XAnge and KfW as strong new partners on board. The investment will enable us to enter new markets and to develop qeep in the most innovative way.”

About qeep
Qeep is one the largest mobile Gaming and Entertainment platforms worldwide. Members of the mobile community can play live multiplayer games, blog photos and send sound attacks, text messages or virtual gifts. Qeep can be downloaded for free at qeep.mobi. Started by BLUE LION mobile GmbH in late 2006, qeep connects millions of users from over 200 countries. The headquarters is located in Cologne, Germany.

About XAnge
Backed by leading European corporates and financial institutions, XAnge (xange.fr) is a unique private equity firm, subsidiary of La Banque Postale, one of the largest retail banks in France and fully owned by La Poste. As of today, XAnge has 350 million in assets under management.

With an international team of seasoned professionals based in Paris and Munich, XAnge actively supports leading venture and growth companies in Europe, with a strong focus on technology.

About KfW
KfW (kfw.de) gives impulses for the economy, society and ecology in Germany, Europe and the world over. It supports change and promotes promising ideas. Start-ups, tech companies and established SMEs can find tailor-made transparent offers of equity finance products. In the area of early stage financing you will find suitable financing offers, for both the start-up and the seed phase. The ERP Start Fund provides equity finance for the start-up phase of young technological companies. The Start Fund leverages private equity since it only provides capital if a co-investor is involved. In this way, it creates incentives for private investors to enter the market. The participations by KfW and co-investor are subject to the same economic conditions.

About Bertelsmann Digital Media Investments (BDMI)
Bertelsmann Digital Media Investments (bdmifund.com), based in Luxembourg, is the Venture Capital subsidiary of the international media company Bertelsmann AG. BDMI investments focus on new trends and business models in the area of digital media. BDMI expects to support the success of portfolio companies through a close working relationship with Bertelsmann divisions (RTL Group, Random House, Gruner + Jahr, Arvato, Direct Group), enhancing their leading and innovative positioning in the media industry. BDMI is managed by an international team based in US and Germany.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: BLUE LION mobile GmbH

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Qeep Secures Multi-million Series B Financing

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Stefanie Merten - Qeep.net 
+49 2217887970 press[.]qeep.net
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BLUE LION mobile GmbH securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From BLUE LION mobile GmbH / Company Profile


Read Financial/Legal/Venture Most Recent Related Press Releases:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  NAKIVO, Inc.







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today