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January 15, 2008
German Angels On Drugs 2.0
Two well-known German web business angels, Lukasz Gadowski (who founded spreadshirt) and Oliver Jung (an entrepreneur turned full time investor - he was an early backer of Xing and StudiVZ) have invested an undisclosed amount in apomio.de, a price comparison portal for medication and prescription drugs.
A quick look at the site shows that its got some Web 2.0 features like one-click price comparisons (to find the cheapest offer on a featured product), a search-cloud for quick links to popular medications (aspirin and other names for the over the counter pain medication seems to be popular), and a widget for calculating your BMI.
The new capital is meant to finance "community features".
In a statement, the new investors cited changes in the German regulatory environment as paving the way for more online drugstores. It did not mention, but we will, the fact that it is a proven market too. A pioneer in the field, DocMorris, was acquired last year by Celesio and is doing about €200M in annual sales these days.
Gadowski said in a statement that apomio is active in the "most dynamic and fastest growing market" out there.
Posted on January 15, 2008 09:56 AM | Posted to News And Updates | Permalink
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