Netbiscuits Secures Multi-million Euro Investment
- Wednesday, January 19th, 2011
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NetBiscuits has secured a multi-million Euro investment from T-Venture, the venture capital arm of Deutsche Telekom, and Creathor Venture. NetBiscuits says the investment will help the firm to expand further throughout Europe, Asia and the US.
Netbiscuits is a cloud software service for cross-platform development and publishing of mobile websites and apps. It facilitates mobile services in over 50 countries, and serves more than 4.4bn mobile page content requests each month. It has a broad customer base including retailers, publishers and advertisers such as eBay, Time Inc., Universal Music Group, MTV Networks, Razorfish and Ogilvy.
“The investment of T-Venture and Creathor Venture is a great validation for our rapidly growing business and will strongly support our ambitious growth plans in the booming mobile web market,” says Netbiscuits CEO, Michael Neidhoefer. “The investment shows that our offering and leading market position is recognized by global brands.”