Germany-based online car parts auction site Magari Internet gains Deutsche Telekom's backing.
T-Venture, the corporate venturing unit of Deutsche Telekom, has invested in Magari Internet, a Germany-based operator of online auto parts portal Departo.
T-Venture, the most influential corporate venturing unit in utilities according to news provider Global Corporate Venturing, and VC Fonds Technologie Berlin, a €52m ($67m) venture fund managed as a joint initiative of local bank Investitionsbank Berlin and the state of Berlin, provided the undisclosed finance to Magari.
Stefan Friemel and Christian Koeper, two former managers at online…