COLOGNE, Germany, March 26 /CNW/ - 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 yesterday 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 http://www.unitedprototype.com (in German only).
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:
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.
SOURCE RAPIDTAINMENT AG
For further information: For further information: UP Web Game GmbH, Herr Tobias Hartmann, Friesenplatz 16, 50672 Koln, Germany, Tel: +49-221-16539444, Fax: +49-221-16539445, firstname.lastname@example.org, http://blog.unitedprototype.com; Rapid Tainment AG, Gewerbestrasse 6, 6330 Cham, Switzerland, Tel.: +41-41-748-88-81, email@example.com; High-Tech Grunderfonds Management GmbH, Andreas Quauke, Investmentmanager, Ludwig-Erhard-Allee 2, 53175 Bonn, Germany, Tel.: +49-228-96568500, Fax: +49-228-96568550, firstname.lastname@example.org, http://www.high-tech-gruenderfonds.de/