New round of financing for Sevenload

I’m one of the early shareholders in Sevenload and I’m very glad to announce the company has just closed its Series B round of financing lead by T-Online Venture Fund (Deutsche Telekom’s VC division), raising a “double digit million €” investment. Congratulations to Ibo and Axel!

Sevenload is like the combination of Flickr and Youtube, a social media platform for user generated and professional content.  This new round of financing will help the company expand its business launching localised sites in French, Italian, Spanish, Russian and Polish, along with the existing English and German ones.

Sevenload also announced they joined the “User Generated Content Principles” initiative, an alliance that sets guidelines for creating and distributing content through the web while protecting copyrights.