Facebook Gets Investment from German Web Entrepreneurs

Authored by Mark Hefflinger on January 15, 2008 - 11:48am.

Palo Alto, Calif. - Online social network Facebook has received a "significant" investment from German Internet entrepreneurs the Samwer brothers, Reuters reports. "We are going to support the expansion of Facebook in Europe ... We know the online space in Europe extremely well," Alexander Samwer told Reuters.

The exact amount wasn't disclosed, but was said to be less than the $240 million Microsoft invested for a 1.6% stake in Facebook in October.

The Samwer brothers sold an online auction site to eBay in 1999, and also helped create ringtone distributor Jamba, which was sold to Verisign in 2004.

Their European Founders Fund, established in 2006, has also invested in the LinkedIn social network, and German social network Studivz.

 

Related Links:
http://snipurl.com/1xiqj (Reuters)

http://snipurl.com/1xiql (TechCrunch)

http://www.europeanfounders.com

http://www.facebook.com



Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Add image
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><br><p> <b> <i> <img> <hr>
  • Images can be added to this post.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.