Germany, YOOCHOOSE Receives Seed Financing

Cologne, Germany-based YOOCHOOSE GmbH, a spin-off from Deutsche Telekom Laboratories, receives seed-financing capital from High-Tech Gründerfonds and the Connected Life and Work Fund which is managed by T-Venture.
The company, which was founded in February 2009 by Dr. Alkemper as CEO and M. Friedmann as CTO, offers software for personalized recommendations. Its recommender system utilizes an approach resulting from a research project of Deutsche Telekom Laboratories in Berlin (Germany) and Israel.
This seed financing will allow the company to offer its recommendation system to a broad spectrum e-commerce, media and publishing companies.
YOOCHOOSE GmbH owns a subsidiary YOOCHOOSE Labs Ltd. in Israel for research and development and currently has ten employees.

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