Our startup "neighbors" qype, also Hamburg based, announced another round of financing yesterday. The Munich division of VC "Wellington Partners" invested eight million Euro in a stake of QYPE.com. Something you may have seen as Yelp in the US;)
Read more on their english blog..
If anyone asked Mr. Idle himself, he would not invest a cent in this venture. Mr. Idle doesn´t really like copycats.