While much of the received wisdom in startup circles is "don't dwell on the exit, too much can happen before now and then", we still want to put people up on stage that have been there before, and know the ins and outs of the process. That's why today we're proud to announce two new speakers for our conference Arctic15: Exit Path. Going up on stage we've got Julie Meyer and Lena Romanova.
Before you read on further, we have to remind you that we've got an awesome deal on tickets - two for one - which is running out super soon. So grab that colleague or friend, and head on over to our ticket page where we'll get you sorted out. We're looking forward to seeing you May 27 and 28th!
Ok, the top image was a joke when the company was looking for a new office space, but with a new funding, Venuu seems like a Finnish company that has legs. They're doing something simple - AirBNB style bookings for event venues, but by putting together high quality information about event locations and making it easy to book, the Finnish company has seen solid growth since launching after AaltoES's Summer of Startups last year. Today they announce €125,000 in seed funding led by Reaktor Polte, with one other angel investor onboard.
Editor's note: This is a sponsored job posting, but please help support ArcticStartup by passing this on to your friends looking for work.
When we discovered Adcash, which is now one of the fastest growing and most promising startups in the Baltics, we knew that we were onto something. They were aiming for €25 million turnover for 2013, had over 40 employees and were #80 on Alexa ranking.
We rely on our phones for many things, but what about when you're walking down a dark street and are confronted by a bad guy? We've seen a few apps come out of local entrepreneurs, such as recently Finland's BiiSafe button and earlier Norway's bSafe app (no relation), but a few Malmö-based self defense experts new to the tech scene have taken a fresh approach to helping you use your phone in moments when you need it most.
Fonecta, the Finnish directories business that was founded in 2002, is known to be the largest acquierer in Finland. With a turnover of around 190 million euro, they understood that the directories business is not exactly a growing industry so M&A became a core strategy in keeping up with market developments. So as a result, in the past ten years, they have purchased over 70 companies from various industries.
I dislike using the word disrupt in startup circles, I think it’s overused and in the majority of cases completely inappropriate as well. So I’m a little annoyed with Russian search giant Yandex that I can’t think of a better word to describe their announcement of Yandex.Kit, a new firmware for Android smartphones.
When you think about genetics it’s easy to picture the cheesy first minutes of a science documentary with 1980's electro beats and images of DNA models surrounded by white coated men with important looking glasses.
In reality, or perhaps more in practice, the work around genetics is far less mysterious than that. But make no mistake; its importance needs to be emphasized, as it is a matter of life and death for countless people around the world, and its development goes hand in hand with the level of health care we have available.
Coworking across northern Europe is thriving thanks to the likes of Oslo’s MESH, Stockholm’s Entrepreneurs Church and newly opened SUP46 and Arctic Startup’s own Minimum Viable Office in Helsinki. Activity and networks cluster around these centres and momentum builds, benefiting everyone.
Everyone that lives in these cities, of course.
For quite some time now, it has been speculated that Nokia would launch an Android based phone to add to their lineup. Pretty much everyone is certain that the device will be revealed at the press event, taking place at 9:30 EET in Mobile World Congress, Barcelona.
When we first wrote about Hello Ruby, the world took it by storm. The original story that we published got picked up by Hacker News and stayed at the top of the popular news syndicate for around ten hours. Four days later, the campaign reached over $185,000, which was huge considering the humble goal of $10,000.
Today, Jolla announced that they are pushing for the global launch with Sailfish OS 1.0. This means that the beta is over and that the company is getting ready for scale, which is welcome since we have not heard much of an update since the phone was launched with DNA earlier this year.
Opera Software has been shifting focus from their browser deep into mobile, and now look to monetize their position by giving operators an easy opportunity to connect consumers to the internet by clicking on ads. For example, a user would have to watch a short advertisement before getting access to internet - much like YouTube ads, and then will get access to a time-based amount of internet, or more targeted internet like "one hour of Twitter usage".
This week is all about interesting news for EdTech startups; an inspirational gust of educational reformation sweeps across Europe in the hopes of reaching every innovator out there that could potentially electrify the way we study.
A while ago Peter V. Therkildsen Schlegel wrote an emotional blogpost about the closing of his startup Admazely. A little later Trendsonline did an article about it as well. We missed that story when it came, but we feel that the openness and lessons from post-mortems, especially this one, are always worth highlighting. We have picket insights and highlight from both sources. However, if you want to get the complete story, do really check out Peters blogpost and the Trendsonline article. Also thanks to Peter for checking thru this write-up and making sure it is correct.
Mobile payments just got a big bump in Norway. News broke that the home-grown mobile payment solution, mCASH announced a NOK 43 million (€5.15 million) series A in a round led by Northzone and Entrée Capital. mCASH's payment solution is a QR Code based solution that allows anyone from individuals to webshops to retailers to accept payments through the app.
Estonia's Business Angels Network put out an infographic detailing EstBAN's first year in review. It's an interesting look a Estonia's angel investing scene, detailing the €4.6 million invested by their 59 Angles in their network. In total, the group has charted 83 investments into 66 companies.
If you have a startup company and you’re thinking about applying for an European accelerator program, you’ll probably know that you have quite a few options. Choosing one of the old goodies like Seedcamp, Startup Sauna, or one of the many Startupbootcamps wouldn't be a bad idea, but there are new and more specialized programs from which to choose out there as well - Hardware devoted BuildIt to name one of the recent news breakers.
Now there’s a new player in the game.
The Imprimatur Capital Technology Venture Fund located in Latvia has recently announced an investment in headphones software start-up Sonarworks. The investment of €600,000 in the startup makes it their fifth such outing since launching in mid 2010. So what makes headphone software worth of investing in?
Sonarworks have developed digital sound correction software which they say allows speakers to sound much more like how the artists intend by listening to the output and adjusting the sound to get the best quality possible out of their devices. It's cool technology that can get a lot more out of your cheap speakers.
When you think about it, Lithuania and West Africa don’t seem to have much in common. Well, think again; Lithuanian Mobofree and Eskimi have both found a niche for their social mobile services in African soil, namely in Nigeria, a country with a gigantic population of 168 million potential social animals that connect to the internet mostly through their mobile phones.
The sthlm.js group has kind of grown out of hand.