Kindo Secures Additional Seed Funding From Skype's Founding Engineers

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 7, 2008 -- LONDON —February 7, 2008— Kindo today announced funding from Ambient Sound Investments (ASI), adding experience to an already impressive list of seed investors. The Estonian investment company will provide financial and advisory support for the fast-growing family network, and will help to grow Kindo's global footprint.

ASI joins a strong team of seed investors including Saul and Robin Klein of The Accelerator Group (TAG), and Stefan Glänzer, first investor in last.fm and executive chairman until the acquisition by CBS.

"I'm thrilled to have such an experienced group of investors to help with our international expansion, and the team behind ASI has a stellar track record in building global technology brands" says Nils Hammar co-founder of Kindo Network Ltd. Their website Kindo.com offers the next generation family tree, with new communication features, insightful stats and a family news feed in 14 languages including Russian, Arabic and Chinese.

The investment was led by Eileen Broch for ASI, who is impressed by what she has seen so far: "In the short time since they've been live, Kindo has proven that they know how to build a product that can be embraced by young and old alike. It is already loved by families around the world, which is what appealed to us the most."

Companies such as Facebook and LinkedIn have proven that social networks are useful tools to stay in touch with friends and colleagues. Kindo gives families the opportunity to benefit from the same emerging web technologies.

ABOUT KINDO

Founded in 2007, London-based Kindo is an internationally focused web-based family networking platform that spans generations. On Kindo, users can build their free next generation family tree and stay in touch with their loved ones. Kindo is available in 14 languages: Afrikaans, Arabic, simplified and traditional Chinese, English, French, German, Italian, Polish, Portuguese, Russian, Spanish, Swedish and Turkish.
http://kindo.com
PRESS CONTACT: Mario Ruckh, +44 7726 454833, mario@kindo.com, http://kindo.com/blog/press/en

ABOUT ASI

Ambient Sound Investments (ASI) was established by the four founding engineers of Skype. ASI is investing shareholders' equity in start-ups offering innovative technology and services. Since March 2006 the fund has invested in companies in telematics, biotechnology, power electronics and internet services.
http://www.asi.ee

ABOUT TAG

The Accelerator Group (TAG) works with entrepreneurs and world-class venture firms to create and build fast-growing Internet services and e-commerce businesses. It has a portfolio of over twenty companies including Agent Provocateur, LoveFilm, Stardoll, Moo, Digivate and GlassesDirect.
http://www.the-accelerator.blogspot.com/

ABOUT STEFAN GLÄNZER

Stefan Glänzer is a German serial entrepreneur, whose early ventures include a publisher, a TV production company and the internet newspaper CU. Even more successful was the auctioning site Ricardo, which he sold in 2000 in Europe's biggest ecommerce transaction. Its successor company QXLricardo got sold for $1.8 billion in 2007. Stefan founded the blogging network 20six in 2003, which later merged with Myblog.de. He now engages as business angel in European technology start-ups and was the first to invest in last.fm, where he served as Executive Chairman.

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