Bertelsmann reinvests in local messaging service Blue Lion Mobile's series B round.
Bertelsmann Digital Media Investments (BDMI), a corporate venturing unit of Germany-based publishing group Bertelsmann, has agreed to reinvest in local messaging service Blue Lion Mobile’s series B round.
The announcement had been expected after a regulatory announcement to the European Commission was made but Blue Lion last week released further details saying the B round was led by La Banque Postale venture capital subsidiary XAnge and German state bank KfW.
In June 2007 BDMI invested more than €1m in…
