Press Release
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T-Venture and Neuhaus Partners invest in apprupt
Bonn, May 6, 2010 apprupt, the first affiliate network for mobile applications, announced today the closing of a financing round with the Connected Life and Work Fund managed by T-Venture, the venture capital firm Neuhaus Partners and KfW. The funding is currently subject to approval by antitrust authorities. "apprupt has successfully positioned itself in recent months as the leading affiliate network for mobile apps in Germany. Having already been financed in 2008 by Neuhaus Partners, we are pleased to have landed another strong investor with T-Venture, who is significant for us in this market segment," says Jascha Samadi, Director Marketing and Sales. “Together with our investors, we now look forward to future international growth in an exciting and rapidly growing market environment", adds Kjell Fischer, Director Product and Operations. "We monitor the mobile Internet segment closely and have recognized early on mobile applications as an attractive target segment for us. We firmly believe in apprupt’s technology and the potential to develop the leading position in this rapidly growing market. We are pleased once again to invest in the company as well as the team and to support the further acceleration of growth," says Paul Jozefak, Managing Partner at Neuhaus Partners. Harald Eisenächer, Senior Vice President Personal & Social Networking of Deutsche Telekom, adds: "Mobile applications are currently one of the fastest growing market segments. apprupt is well positioned with its range of products and services and offers both app developers as well as publishers an innovative and convincing solution." |
