interesting angel fundings

Filed in archive Venture Capital on May 24, 2004

Mario sends in the announcement of the first (?) angel round of weblogsinc.com that have a similar business model as Creative Weblogging. I'm curious about how this money will be used...

"Calacanis wouldn't answer questions about his own company's funding, but Dallas Mavericks owner Mark Cuban did. Cuban wouldn't say how much he's invested in Weblogs Inc. but confirmed he's putting some money to work in the space. I am an investor [in Weblogs Inc.], and excited about it is all I can tell you," Cuban told The Post. "

Meanwhile vc-facts reports an angel round for OpenBC the Germany based social networking company has used the latest b-to-v investment gala in Zurich to attract business angels with powerful networks and pockets for their first round. OpenBC is cash flow positive and has shown an impressive growth already.

Also the audio media verlag GmbH Munich could find angel investors following up one of the Hamburg Business Angel Lounges. Audio Media develops an audio book magazine with bi-monthly editions. Although the market for audio books became crowded in the last years, the news stand is an almost virgin area for audio books in Germany.