“Silicon Valley looks to Germany,” claims Germany Trade and Invest (gtai) in a recent press release. Google plans to spend $6.3 million, Kennet is investing $15 million in an application marketing platform, and other venture capitalist firms are establishing themselves in the tech capital of Europe, Berlin.
In New York on November 27, gtai invited investment companies to an “exclusive gathering” hosted at the German Consulate. Two days later, a similar event was hosted by the consulate in San Francisco. These events provided officials from German and U.S. organizations a private and premier forum to discuss their investments and intentions such as those publicized by Google and Kennet.