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August 10, 2007
Diino's Internet Desktop Play Gets Swisscom Money
The Swedish company behind Diino, an online storage, email, file sharing, and other hosted services, attracted a €2.3M investment from Swisscom earlier this month. The deal gave the Swiss telco a 25% stake in the venture. Early investor, Novestra, a Swedish publicly traded investment firm, retains a 52% stake in the venture.
Diino has about 120K user who get 2GB of free storage space, and the use of a lot of useful applications too, like backup, email pooling, blogging, and photosharing. Its implemented some ultra-security features (and claims more than a dozen patents). The service requires the user to download the Diino client (it can be run from a USB stick for users that want or have to use public PCs). There's mobile phone support too.
Diino is run by Bytek Systems AB which was founded in 1998. Its CEO is Dani Duroj who was appointed back in 2004. Before that he was CEO of XTP Online AB and GroceryPartner.com.
Swisscom is buying itself some front row seats at startups that provide services that may help the telco go beyond being a carrier and mobile services provider. It usually invests a relatively small amount in startups like this.
Other recent startup participations by Swisscom include Kyte.tv (broadcast yourself), which after raising capital from Holtzbrinck in Germany and Swisscom, also took on money from Nokia Growth Partners in June, CoComment (blog widget) and Whisher (Wifi home network sharing ) in Spain.
Posted on August 10, 2007 04:59 PM | Posted to News And Updates | Online services | Permalink
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