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December 17, 1997updated 03 Sep 2016 7:59pm

BLAXXUN RAISES $3M IN NEW FUNDING ROUND

By CBR Staff Writer

blaxxun Interactive, a company specializing in three-dimensional communication applications on the internet, has secured $3m in a new round of financing. The aim is to expand activities in the area of online shopping, customer service and knowledge management, said blaxxun’s chief executice Bernd-Michael Habermeyer. The main investors are the Technologie-Beteiligungsgesellschaft of the Deutschen Ausgleichsbank (TBG) and Bayern Kapital. Also participating in the finance round was blaxxun’s initial venture backer, Boston-based CMG@Ventures. Another prior investment held in blaxxun is held by EBIT, a German investment pool placed by the Merck Finck Bank, a subsidiary of Barclays. Bringing additional marketing savvy and European business contacts to blaxxun is Francois Stieger, the company’s newly appointed board member. Stieger has held senior executive positions at OpenVisions Technologies and at the Gain Multimedia Division of Sybase Inc, and served as Vice President of Oracle Corp Europe. Stieger was vice president and general manger of Broadvision Europe directly before joining blaxxun.

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