T-Venture joins Yellow&Blue Investment Management, the corporate venturing unit of local power group Eon's Nuon subsidiary, state-backed bank KfW, company and government-backed early-stage investor High-Tech Gruunderfonds, and Siegmund Beteiligungsgesellschaft in Cuculus.
Cuculus, a Germany-based developer of metering and home control products, has raised an undisclosed amount of venture financing from Thomas Claus, investment manager at T-Venture, the corporate venturing unit of local phone operator Deutsche Telekom.
In February last year, Yellow&Blue Investment Management, the corporate venturing unit of local power group Eon’s Nuon subsidiary, state-backed bank KfW, company and government-backed early-stage investor High-Tech Gruunderfonds, and Siegmund Beteiligungsgesellschaft invested €2.6m (4m).
In November, Kjartan Skaugvoll joined Cuculus as chief executive after…
