KfW
Blue Lion Mobile
bertelsmann digital media investments

Qeep secures multi-million Series B for its mobile gaming and entertainment soc network

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Blue Lion Mobile, the German company behind mobile gaming and entertainment social network qeep, has raised a multi-million euro B round led by French VC firm XAnge with co-investment from KfW.

In addition, Bertelsmann Digital Media Investments, who originally invested in Blue Lion’s Series A round back in 2007, has also participated. The precise amount of the round isn’t being disclosed but is said to be in the “medium one digit” million euro range.

Qeep, which targets mass-market Java-enabled mobile phones and claims six million registered members from over 200 countries, lets users do things like play live multiplayer games, upload photos and send “sound attacks”, text messages and virtual gifts. The social network sees “500 million mobile page impressions” per-month, according to the company, including 1.5 million multiplayer gaming sessions.

The new round of funding will be used by qeep to invest in product development and international expansion.

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