Qype secures €8m in new round

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Qype, the Europe-wide local reviews site, has raised a further €8 million in funding from Wellington Partners, Advent Venture Partners and Partech International. The money raised will be used to help Qype’s geographical expansion into five new countries and increased functionality.

This new investment takes Qype’s funding to date to €13m, which makes it one of Europes best funded startups right now. Previous seed and Angel rounds were from BrainsToVentures in 2005, seed from Partech International in 2006 and Advent Venture Partners in 2006.

This will make interesting reading for European competitors Tipped and TrustedPlaces which don’t have nearly the same war chest. It will also be of interest to Yelp, the US site built along the same lines which has $31m in funding, and is probably thinking about overseas expansion right about now.

Qype, founded in Hamburg in 2005 by Stephan Uhrenbacher, launched in the UK in September 2007 and runs in Germany, Switzerland, Austria among others. It currently claims 5.1 million unique users per month, 250,000+ public reviews, and covers over 6,000 European towns and cities.

Qype also announced the appointment of two new non-executive board members: media veteran Pelle Tornberg, and Wellington General Partner Eric Archambeau, as befits the new investment.

  • http://trustedplaces.com Sokratis

    This definitely makes interesting reading ;-) Well done to the Qype guys (and girls).

  • Bill W.

    That’s a decent chunk of change given the economy. Are they gonna take on Yelp?

  • http://www.localdatacompany.com Scott Jones

    Wow!

    Congrats to them. Good to hear there’s still some decent funding going on – despite the economic situation.

  • Alex Hunter

    Nice! I use Qype all the time, has made my move to London much, much easier.

  • Sam Sethi

    The market needs some consolidation to provide the scale to make the reviews useful. Maybe the funding is for acquisition?

  • http://www.ojointernet.com/noticias/inversion-de-8m-para-qype/ Inversión de 8M para Qype

    […] el sitio europeo de reseñas locales, ha recibido una inversión de 8 millones de euros de parte de Wellington Partners, Advent Venture Partners y Partech International. El dinero […]

  • http://tipped.co.uk Joel Brazil

    Interesting reading indeed, serious money, well done folks.

  • http://www.zoopla.co.uk/ Doug Monro

    Congrats Stefan, Andrew, Phil & co. Qype UK seems to be flying. Good to see the Gumtree alumni doing well!

  • http://www.mashupevent.com Simon Grice

    Well done to the team at Qype. Mike – excuse the blatent ‘ad’ but it is very relevant – mashup* is hosting a workshop on the 3rd October – Hyperlocal (Local 2.0) – http://www.mashupevent.com/event/mashup-workshop-local-2-0-hyperlocal

    If you’re working in the sector and you’d like to spend some extended time with others feel free to join us.

  • http://pulse2.com/2008/09/16/qype-raises-114-million/ Qype Raises $11.4 Million

    […] Qype currently has reviews for bars, hotels, and events around Berlin, Ireland, France, and the U.K., etc.  Qype was started by Stephan Uhrenbacher.  The site launched in Hamburg in 2005 and then expanded to Germany Switzerland, and Austria by 2007.  The site receives over 5.1 million unique visitors per month and has over 250,000 public reviews according to TechCrunch U.K.  […]

  • http://uk.techcrunch.com/2008/09/23/qype-boosts-team-competitors-start-to-worry/ TechCrunch UK » Blog Archive » Qype boosts team - competitors start to worry

    […] from koodos, a UK fashion website. The new appointments come just a week after Qype announced it had secured an additional €8 million funding to help the company expand into new […]

  • http://www.tecnorantes.com/2008/10/21/lanzamiento-de-qype-en-espana/   Lanzamiento de Qype en España by Tecnorantes

    […] de usuarios únicos al mes, además de un plan de expansión internacional muy ambicioso. Lleva 2 rondas de financiación, siendo la mas reciente de hace un mes escaso de 8 millones de […]

  • http://carrero.es/qype-resenas-locales-en-espana/2299 Qype reseñas locales en España - Carrero Bitácora de los Hermanos Carrero, David Carrero Fernández-Baillo y Jaime Carrero Fernández-Baillo.

    […] ha pasado por 2 rondas de financiación, la última de unos 8 millones de […]

  • http://www.techcrunch.com/2008/11/26/yelps-european-counterpart-qype-continues-global-expansion/ Yelp’s European Counterpart Qype Continues Global Expansion

    […] detect what restaurants and shops are nearby and view recommendations on them. The site closed an €8 million round in September, and has raised €13m to […]

  • http://www.newinfotech.com/2008/11/yelp%e2%80%99s-european-counterpart-qype-continues-global-expansion/ Yelp’s European Counterpart Qype Continues Global Expansion | News Information Technology

    […] detect what restaurants and shops are nearby and view recommendations on them. The site closed an €8 million round in September, and has raised €13m to […]

  • http://jp.techcrunch.com/archives/20081126yelps-european-counterpart-qype-continues-global-expansion/ Yelpの欧州版、Qypeの海外進出は続く

    […] 同サイトでは12月半ばまでに、位置情報対応のiPhoneアプリケーションを公開する予定で、ユーザーの近くにあるレストランや店をその場で見つけて、おすすめを見ることができるようになる。同サイトは9月に 800万ユーロのラウンドを完了し、これまでに1300万ユーロを調達している。 […]

  • http://opensystemsjournal.net/?p=752 Open Systems Journal » Blog Archive » Yelp’s European Counterpart Qype Continues Global Expansion

    […] detect what restaurants and shops are nearby and view recommendations on them. The site closed an €8 million round in September, and has raised €13m to […]

  • http://www.americannewsworld.net/tech/yelp%e2%80%99s-european-counterpart-qype-continues-global-expansion Yelp’s European Counterpart Qype Continues Global Expansion | American News World - News And Technology

    […] detect what restaurants and shops are nearby and view recommendations on them. The site closed an €8 million round in September, and has raised €13m to […]

  • http://www.webthe.info/2008/11/yelp%e2%80%99s-european-counterpart-qype-continues-global-expansion/ Yelp’s European Counterpart Qype Continues Global Expansion | Everything tech stuff

    […] detect what restaurants and shops are nearby and view recommendations on them. The site closed an €8 million round in September, and has raised €13m to […]

  • http://www.highpr.net Dereck

    I wonder if they think now, the same way when they bought it.

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