November 05, 2007

T-Online Venture Fund invests in weblin

The T-Online Venture Fund is investing in the Hamburg company zweitgeist. Weblin, the Web 2.0 application developed by zweitgeist, makes a completely new, entertaining form of contact and interaction possible. With the aid of a virtual character, Internet users are able to communicate with one another quickly and easily on any website. The start-up founded in 2006 is thus further expanding its cooperation with the Deutsche Telekom group which had already got off to a successful start when weblin entered into a cooperation with Gamesload, Germany’s leading online portal for PC game downloads.

Weblin not only benefits from the worldwide connections of the global player but also from the many interesting cooperation partners belonging to the Deutsche Telekom network.

“With Web 2.0, communities, blogging and personalised services, the consumer is playing an increasingly stronger role in an interactive Internet world,” says Christian Schmahl, member of the Investment Committee of the T-Online Venture Fund and Member of the Segment Board, Products & Innovations Deutsche Telekom AG. “In this connection, weblin is a highly innovative and unique communication product making it possible for the user to build his own personal social network. Apart from the fantastic team, we were particularly impressed by the combination of individualisation with a personal avatar companion and the advantage of having a high-performance browsing tool. Our investment in zweitgeist is an innovative contribution by the T-Online Venture Fund to this dynamic market.”

For further information please read the press release:Press Release: T-Online Venture Fund invests in zweitgeist

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