Rapidtainment Ag And High-tech Grunderfonds Invest In Sevenload Founders' Social Web Game

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27th March 2010, 09:55am - Views: 657





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MEDIA RELEASE PR38925


RapidTainment AG and High-Tech Grunderfonds Invest in sevenload Founders' Social Web

Game


COLOGNE, Mar. 27 /PRNewswire-AsiaNet/ --


    UP Web Game GmbH, a United Prototype project, is happy to welcome Swiss

RapidTainment AG and German High-Tech Grunderfonds (HTGF) as new investors

and shareholders. The transaction was made public on Thursday at the company's

housewarming party in Cologne, which was attended by several hundred people

from politics, media and business.


    Under the working title "Social Web Game" the company is currently

developing a new kind of online game, which combines several already existing

concepts and is targeted at a broadly defined audience. For now, the founders

keep quiet about further details.


    "People enjoy playing with each other," the founders Ibrahim Evsan and

Thomas Bachem comment "and the Internet makes it possible to realize

completely new concepts." Evsan and Bachem have developed the idea behind the

game since 2005, until they put it aside for some time in order to found the

video platform sevenload. "However, we are entrepreneurs, and sometimes you

can't let an idea go. This game is one of those very special projects, and we

are happy to finally implement it together with strong partners".


    RapidTainment AG and HTGF take part in this seven-figure seed financing

round with equal shares. Tobias Hartmann, who joined end of 2009 as

co-founder: "Our two investors complement each other perfectly. RapidTainment

AG is a very powerful partner with an exciting strategic vision, while HTGF

contributes an excellent VC network and a high degree of professionalism".


    "RapidTainment AG was founded in order to bring entertainment content to

market and to drive exciting concepts forward", comments Bobby Chang, CEO of

RapidTainment AG. "We are looking forward to the collaboration with this

great team and we are proud to support this project".


    Andreas Quauke, Investment Manager with HTGF, sees a high potential in

both the market and the team: "The Social Web Game fills a very attractive

and still vacant niche in a market that doubles in size each year. In

particular, we were attracted by the experienced and highly motivated team

that has a high potential to bring this idea to market with high speed and

quality".


    Further information on UP Web Game is available at



    About RapidTainment:


    RapidTainment stands for digital entertainment: the goal is to market

entertainment across all online sectors via the platform

www.rapidtainment.com. The company was founded in 2009 and is based in

Cham/Switzerland.


    About the High-Tech Grunderfonds:


Culture Entertainment RapidTainment AG 3 image

    The High-Tech Grunderfonds invests risk capital in young, high-potential

technology companies that convert promising research results in business

success. By means of the seed financing the start-ups shall carry on with the

R & D project until the provision of a prototype or a "proof of concept" or

until the lancing on the market. The High-Tech Grunderfonds has a funds

volume of about 272 million EUR. Investors of the Public Private Partnership

are the German Federal Ministry for Economy and Technology, the KfW Banking

Group and the six industrial company groups BASF, Deutsche Telekom, Siemens,

Robert Bosch, Daimler, and Carl Zeiss.


    

    Contact:


    UP Web Game GmbH

    Herr Tobias Hartmann

    Friesenplatz 16

    50672 Koln, Germany

    Tel: +49-221-16539444

    Fax: +49-221-16539445

    tobias.hartmann@unitedprototype.com



    Rapid Tainment AG

    Gewerbestrasse 6

    6330 Cham, Switzerland

    Tel.: +41-41-748-88-81

    press@rapidtainment.com


    High-Tech Grunderfonds Management GmbH

    Andreas Quauke

    Investmentmanager

    Ludwig-Erhard-Allee 2

    53175 Bonn, Germany

    Tel.: +49-228-96568500

    Fax: +49-228-96568550

    info@high-tech-gruenderfonds.de

    http://www.high-tech-gruenderfonds.de/


    SOURCE: RapidTainment AG



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