Denmark's Fitbay listed as third fastest growing Ecommerce company by Mattermark


For many, clothing purchases are linked to ill-fitting clothes and wrong purchases that will never be used. Nowadays, there is a company that helps out in jungle of clothes: Fitbay. By signing up on the site and briefly describe your body shape, weight and height, Fitbay finds a “Body Doubles”: a person with similar dimensions for you. Seeing what clothes, brands and sizes the Body Double is wearing, can then inspire the user for future purchases.

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Autodesk acquires Reykjavik startup Modio

Autodesk, the world leader in 3D design, engineering and entertainment software, announced this week that they had aquired Reykjavik startup Modio for an undisclosed amount.

Modio is only 18 months old but has been getting noticed for their design app for Ipad released early in 2014 which allows users to design their own 3D printing projects.

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Following successful Kickstarter campaign, Airdog picks up a $2 million Seed Round


Funding news coming from one of the region's most action-packed startups: Latvia's Airdog announces it has raised a $2 million seed round led by Seraph Group and joined by a number of investors like IT-Farm Corporation, Base Ventures, FlyCap, Imprimatur Capital and by a group of angel investors like Konstantin Othmer, Harry Cheung, Vinny Lingham, Chris Hulls and Arthur Watson.

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Musopia Raises €660,000 with a new music app coming this spring


Finland's music teaching startups is a sector that might be slightly overlooked when talking about the country. Yousician's Guitar Bots is often featured as an editor's choice in the app store, SongHi is building collaboration deals in the Spanish market, and now Musopia has raised €660,000 to build up their collection of apps that make it easy to learn your favorite songs.

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Hands on with Finland's EVE T1 Tablet


Finland has been known for its mobile hardware, but Nokia and Jolla aren’t the only tablet makers in town. Already on the market is the Eve T1 which an 8-inch Windows 8.1 tablet at an affordable €159 price point.

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With an eye on mobile advertising engagement Adtile builds Virtual Reality platform


All the sensors in that mobile phone in your pocket should add up to a really interactive experience, but most of the time we use our phones to look at static webpages and tap-based games. San Diego-based Adtile (with Finnish roots) is looking to change that with its new mobile software platform, Adtile VR, which it says allows users to experience virtual reality on smartphones without the need for goggles or external hardware. Whether you call it augmented reality or virtual reality, their platform looks interesting for developers who see the benefit of having their users take virtual steps and explore a new world through the lens of a smartphone screen.

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Finnish educational development company SCOOL picks up $1 million from SanomaVentures


With the brand of Finnish education so strong, it makes sense that a team will try to spin out educational concepts from Finland and test them around the world. That's the concept around SCOOL, a startup that works more as a production company to test out evidence-based learning concepts. Behind SCOOL are Saku Tuominen and Juha Tynkkynen, two well known Finnish TV producers as well as Pekka Viljakainen, "the father of Finnish online banking." The company has now raised $1 million led by SanomaVentures.

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Surveypal picks up $1 million investment


Surveypal announces they've picked up a $1 million (€944,000) extended seed investment from Vendeep Startup Fund, Finnvera Venture Capital, and Ari Korhonen to pump into North America focused sales and marketing through their recently opened San Francisco office.

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Creandum: 9% of global Billion dollar exits come from the Nordics


Think about Skype, Spotify, Supercell, Klarna, MySQL, TAT, Unity, Mojang, Zendesk, Just Eat, King… the list of massive tech powerhouses coming from the Nordics goes on and on. Despite the Nordics housing five to ten million people per country and only 2% of global GDP, we’re killing it when it comes to tech acquisitions.

Since 2005, 9% percent of global Billion dollar exits have come from Sweden, Denmark, Norway, and Finland. It’s remarkably strong number considering rest of Europe accounts for 8% of the world’s Billion dollar exits despite having the remaining 97% of Europe’s population.

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Introducing Copenhagen's new co-working space: the Rainmaking Loft

Ever thought of setting up office in Copenhagen? Sure you have (at least once): Copenhagen is not only a lovely, welcoming city, it’s also got quite the buzzing and constantly growing start-up ecosystem.

And if you hadn’t though much of it until now, the arrival of the city’s latest brand new start-up co-working space, the Copenhagen Rainmaking Loft, will surely make Copenhagen worth your consideration.

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Latvian Database Platform Clusterpoint secures €1.25 million

Riga-based database platform Clusterpoint has secured a €1,25 million investment. The apparently oversubscribed funding round, which was backed by existing investors as well as new share holders, including major Baltic VC BaltCap and UK-based Imprimatur Capital, was announced late last February.

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SongHi Grabs Telefonica deal to expand digital music teaching platform to Spanish markets


More future of learning news today. SongHi Entertainment announces that they've signed a big collaboration deal with Telefónica and Telefónica Digital Education, which specializes in learning solutions in more than 13 Spanish speaking markets. With the deal they're getting SongHi onto Telefónica's Scolartic platform, getting their digital music learning platform into the hands of 20,000 Spanish speaking teachers. To date SongHi has been used by over 10,000 students from 300 Finnish schools.

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Bite Sized Learning taking off with Daily Bits Of


The basic idea behind Daily Bits Of is pretty simple. It's just like signing up for a newletter, but instead of getting the update written for today, it's like getting a bite-sized concept of the day, sent in order like a chapter in a book. Founder Niklas Laninge is a Swedish psychologist who initally came to this concept from the Cognative Behavioral Therapy angle, which focuses on small insights that you can immediately put into practice.

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Help Us Save Startup Journalism - ArcticStartup Goes To Indiegogo.

Today we at ArcticStartup are excited to announce the launch of our IndieGoGo campaign for CoFounder, a brand new print magazine focused on the European startup scene. #PrintReally.

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Is there something beyond a great cup of coffee? Here's insights from the coffee lovers at Reaktor


Editor's note: This is a promo for Helsinki Coffee Festival, but is a good excuse to talk about coffee in tech.

”Without coffee there’s no ideas” Reaktor’s Ville Valtonen states.

We heard some rumors about the developed coffee culture at Finnish technology company Reaktor, so we decided to dig deeper into on what coffee really means to the company. Finns are known for drinking the most coffee per capita on earth, and with 300 employees and dozens (if not hundreds) of partners coming in and out of the building every day we can estimate that the consumed amount of coffee per day at Reaktor should be counted rather in tanks than in cups.

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GoMore Launches in Spain


GoMore, Scandinavia’s largest platform for carpooling and private car hire, has just bought the Spanish carpool service Amovens. This will double their user-base to over half a million, as well as granting GoMore a brand new market in Spain, which the company’s director, Matias Dalsgaard, recognizes as the first of many steps in a major international expansion.

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skinScan pairs algorithms with doctors for skin cancer detection


I was amazed at the efficiency of the healthcare system in Finland when I moved here from the 'States. If you needed to book a doctor, you just called up nurse who would evaluate your symptoms and then tell you to what door to wait outside of at a local clinic at what time - no need to go to a front desk or to fill out long insurance paperwork and read an old issue of TIME magazine before you could talk to a doctor.

As much as I think Finland is keeping up with the times, the smartphones in everyones' pocket provide can cut down on that time-consuming step of actually seeing a doctor.

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Can you live only on Bitcoin? Let's see if Copenhagen's Jack Nikogosian survives the month

Despite the hype around Bitcoin and other cryptocurrencies, they're still a long way from becoming a true replacement for cold hard cash. To discover the possibilities (and limitations) of using digital currency in day to day life, 24-year old Coinify employee Jack Nikogosian is on an experiment to live on Bitcoin for a full month in Copenhagen. After the first week of his test period it seems that surviving in this project one requires a lot of planning and willpower. Would you be willing to plan your life based on the payment system?

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Tekes Hack raises questions about security


This morning Finnish tabloid Iltalehti broke the news that a three person team looking to submit a Tekes application found a security hole in Tekes' application system, allowing them to download a database of 20,000 companies' corporate strategy and confidential information. Tekes, the Finnish Funding Agency for Innovation supplies publicly funded grants and low interest loans to startup companies, research organizations, and larger Finnish corporations alike.

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Looking for Investments, Piloting or Market Access in Spain? Go With Us to Murcia.

ArcticStartup, together with INFO (The Regional Development Agency of Murcia) is bringing a group of Nordic and Baltic startups to Murcia, Spain on March 25th-27th for a couple of days of hard-core business event trip. We still have few spots available for interesting companies. Join us now and grab this special opportunity.

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