Qype, a user-generated local review site in Europe, has raised €6.5m in venture capital funding.
Investors include new backer Vodafone Ventures, which committed €3.5m, and existing shareholders Advent Venture Partners, Partech International and Wellington Partners, which committed the remaining €3.0m.
Launched in March 2006 in Hamburg, Germany, by Stephan Uhrenbacher, Qype is today one of the Europe’s largest sites for user-generated reviews and recommendations of places, events and experiences.
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The agreement will also enable Vodafone to pre-load a co-branded version of the Qype product on its supported devices, including Blackberry and Android, coverning the company’s core European markets including the UK, Germany, Italy, Spain, Portugal, Netherlands and Ireland.
FinSMEs
23/11/2010