German early-stage fund Team Europe Ventures, which primarily invests in internet companies, has just announced two new investments in European startups (Update – December 2022: The fund seems to be no longer active and we therefore deactivated the link).
Both investments are in interesting sectors that are experiencing a lot of innovation right now. The first round of funds goes to a startup under the name of Digitale Seiten, a local-listings startup, which combines traditional local directories with an modern local-lead generation model. The project is focusing on small and medium sized businesses, primarily in the offline sphere.
The second project is a yet-unnamed food delivery startup. Around €1 million in seed funding has already been invested into the food-delivery service, and its launch will probably take place in the first quarter of 2011.
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