Netbiscuits, a Germany-based mobile web services developer, has raised $27m.
From a consortium including T-Venture, the corporate venturing unit of Germany-based phone operator Deutsche Telekom. Private equity firm Stripes Group led the latest round, and was joined by return backers T-Venture.
In January last year, T-Venture joined a consortium including Creathor Venture, a local venture capital firm and Netbiscuits’ first institutional backer, investing “several million Euro” in Netbiscuits.
Netbiscuits has been profitable since 2002 and in 2006 conducted a growth investment with Creathor.