sevenload

T-Venture joins Burda as lead investor / Financing awaiting approval from German Federal Antitrust Office / International expansion backed-up by double digit million investment figure / sevenload management invests in company / Investment program planned for sevenload employees

Cologne, June 18, 2008 – sevenload.com has secured its Series B round of financing, raising a double digit million € investment figure. Once approval has been granted by the German Federal Antitrust Office sevenload will have T-Online Venture Fund, a part of the Deutsche Telekom, which owns T-Mobile, as their new lead investor. Previous Investors Burda Cross Media, Media Ventures, dw capital (investment fund of denkwerk), company founder Ibrahim Evsan and CEO Axel Schmiegelow as well as the company’s management team also contribute to the round. sevenload has also be established an equity program for existing and future management and employees.

“sevenload’s latest round of funding will enable our international expansion and help us secure our business model of providing content rights owners with a significant stream of revenues. We’re excited to have gained such strong investment partners “, said Axel Schmiegelow, CEO sevenload GmbH.

sevenload currently operates a .com, a German .de and a Turkish website. More than three million websites have joined the sevenload network and use the sevenload video player. sevenload’s further international expansion will lead to the release of new localized sites in French, Italian, Spanish, Russian and Polish within the next 4 weeks.