High-Tech Gründerfonds banks on IP-TV and takes a share in make.tv GmbH based in Cologne
November 5, 2008
The start-up company make.tv was founded in 2007 and opens up new horizons in the web-tv sector. It enables everyone to produce their own live-show alone or in a team – without the need to invest in conventional broadcasting technology. The virtual studio is operated from the computer, user-friendly and does not require prior installation as make.tv is run by the internet browser. Thus, it is possible to broadcast shows at almost no cost – from each place in the world.
“’We are looking forward to the great opportunities that make.tv provides for the television and IP-TV sector“, states Simon Schneider, Investment Director at High-Tech Gründerfonds. “With the opportunity to produce own live-shows make.tv is a pioneer of its kind“. Andreas Meyer (beforehand founder of fotocommunity.de) and Georg Lenzen, founder and Executive Director of make.tv, announced the investment of High-Tech Gründerfonds this week. “High-Tech Gründerfonds constitutes an enrichment for our shareholder base. Thus, a new and exciting network is available“, explains Andreas Meyer.
Andrin Bachmann (co-founder of Glocalnet AB, venture partner of M/C Venture Partners and investor in QXL), Greg Lockwood (formerly Chairman of betfair.com) as well as other international private investors invested in make.tv GmbH just after the foundation in November 2007. High-Tech Gründerfonds as well as existing shareholders now invest in the second financing round. The transaction was accompanied by Dr. Schwarz-Schilling & Partners (Arno Nonnen).
About High-Tech Gründerfonds:
High-Tech Gründerfonds invests venture capital in young technology companies that transform promising scientific research into business enterprises. The seed financing of up to 500 T€ shall result in a technical prototype, a proof of concept or a proof of market. High-Tech Gründerfonds has access to a fund volume of around 272.0 million Euro. Investors in this public-private partnership include the Federal Ministry for Economy and Technology, the KfW Banking Group as well as the six industry companies BASF, Robert Bosch, Carl Zeiss, Daimler, Deutsche Telekom and Siemens.