Telekom invests “several millions” in

11 Jan

everybody wants to rent out your flat it seems – the battle for the private room rental enters the next phase. After airbnb just announced a USD 112m round and the German clone wimdu raise USD 90m, also receive a significant 7 digit cash inflow from the old investors eVenture and RedPoint who were joined by T-Venture, the VC arm of Telekom as well as GMPVC Media Pool, who mostly do “media for equity” deals.

Interesting in this entire deal is that Telekom is also the owner of Immobilienscout24, Germany’s biggest real estate portal. And sure enough 9flats promptly announced a cooperation with Immobilienscout24 which will use its marketing power to push 9flats. As this is probably a global “winner takes it all” business it will be interesting to see how this race continues.


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