Today #cphftw evolved. It not just got a more functional website, www.cphftw.dk, but also important basic details sorted out, as well as further commitments at creating a world-class startup ecosystem.
Riga-based Infogr.am, an online data visualisation service that is often seen as the company that finally put Latvia on the global startup map, has added a new member to its team. Mikko Jarvenpaa is now Infogr.am’s Chief Operating Officer responsible for company’s daily operations, sales and business development, and will be based out of Infogr.am's San Francisco office.
Mikko is Finnish and has been serving as Product Marketing Manager for AdWords at Google, worked with tech startups in both Silicon Valley and Europe and recently been the Chief Marketing Geek for HackFwd. He has experience founding several companies of his own and is besides that also well acquainted with Infogr.am, as he has been company’s advisor for round two years prior to taking up the COO role.
It's been since the dot-com boom that Stockholm's Projectplace was called a startup, but it's interesting to note the company has been acquired by Austin, Texas based Planview, a cloud-based portfolio and resource management company. Projectplace provides a collaboration tool used by enterprise companies like ABB, Sony, Volvo, and others, counting close to 1,000,000 users in 150,000 projects.
Pint Please, the social app that allows users to discover new beers, track their locations, give ratings; get/hand out recommendations on what beers to enjoy and where, was warmly welcomed by the Finnish amateur beer enthusiast community, and with their recent expansion, we hope the same reception will await the app in the UK.
It’s been roughly three months and half since Holvi had the Financial Supervisory Authority ratify its EU-wide permission to expand across Europe; once the approval passed, Holvi was quick to announce their next country of destination, which was also the source of their latest investment, Austria.
As of yesterday, Austria will be joined by 18 other countries.
Lithuanians are getting more and more serious about spreading the word about their startup activities. The next thing they have come up with is declaring today, August 13, International Startup Day. On this day, Startup Lithuania encourages every startup enthusiast around the globe to celebrate the new holiday online.
Nonstop Games has taken a few big bets in their past, but it seems it's all worked out for them with the news this morning that King has acquired the company for what others are writing as €70 million, but I only calculate as $90 million (€67.3 million)
According to King's earnings call, King acquired 100% of Nonstop's equity for $6 million upfront and "up to $84 million of contingent consideration based upon criteria linked to revenues from games developed," meaning that Nonstop now has a new #1 priority of extracting cash from their games.
With a cryptic company name and a very solid founding team, many have wondered what's going on within Seriously Games. I recently sat down at the company's Kaisaniemi, Helsinki headquarters and got a peek into what the company was working on, their Best Fiends (link should be live today) franchise, announced today.
On the weekend of August 22-24 TechHub Riga will host 10 most promising teams of startup and digital media enthusiasts from Northern Europe and Poland for an intensive 3-day bootcamp - The Digital Media Startup Academy . The organising team promises a vibrant, fast-paced, extremely practical event with digital industry professional presentations, 1-on-1 advice and tailored mentorship combined with product development and socialising with similarly thinking founders and investors.
Big news for authentic Finnish big data and Internet of Things sector: CyberLightning, the Oulu-based IoT development startup, has announced the closing of a major funding round of €3.2 million. We recently covered the startup here.
Thanks to means of transportation becoming more widely affordable, travelling is turning from the once-in-a-year-weekend-holiday-to-Paris to become more of a hobby people can choose to do more often.
And wherever there is an increasingly popular activity emerging, applications that make that activity easier and more interesting are never far behind.
We were loving Jolla in the press about a year ago for being the mobile phone comeback story that Finland needed. But after launching their phone last November, they've been quiet in Europe, with the only recent news that Jolla has partnered with mobile operator Elisa in Estonia.
Classified sites are extremely local, making it that much more remarkable that Gothenburg-based Saltside Techologies has been on a roll with creating a listing sites in Bangladesh, Ghana, and Sri Lanka. The company has been growing at 300% per year, and have beaten out local and international competitors in auto, property, and general classifieds. Saltside is led by CEO Nils Hammar, who one of the first employees at Skype who also founded networking site Kindo which sold to MyHeritage in 2008. Saltside is backed by Investment AB Kinnevik, a Swedish investment house with some expertise in emerging markets, and has already raised $25 million in equity funding.
As Finnish residents, we've heard rumours of Finland’s massive consumption of energy per person, but while our climate conditions might be harsh, it would be outrageous exaggeration to say we have it worse than Iceland does (at least down here in Helsinki).That in mind, it might not surprise you that Iceland consumes the most electricity per capita in the world.
In comparison, according to data collected in 2012, Finland used approximately 55 000 kWh/year/capita, whereas Iceland used a threefold of that amount, roughly 165 000 kWh/year/capita!
I never really liked the idea of young kids using Facebook: I feel like there's plenty of other things children could/should be doing then stupefying their minds with superficial ego-fishing. And as if the attention-driven environment wasn't enough of a reason to keep the young'uns out of social media, there's plenty of discussion going on about cyberbullying, the online version of old-school bullying, which has driven many youngsters face to face with serious emotional distress, and in some cases, even suicide.
Worried parents can now cease to fear for the online safety of their children, all thanks to Kuddle, the Norwegian picture sharing app especially designed for kids.
Gone are the days of faded texts, chunky edges and impossible-to-read small print: since the birth of the e-book, reading at the beach has never been easier. Storytel, the Swedish audiobook provider, promises that it can be even easier with their new app combining audio and e-book.
Audio-books may not be a novel idea, but Storytel’s new feature which allows you, the reader, to seamlessly switch between reading and listening, and remembers exactly where you left off, is entirely unique.
If you've ever worked on a construction site, you’ll know management inefficiency leads to a generally slower workpace filled with constant coffee and cigarette breaks while workers wait for delegations from the site HQ. There’s quite a bit of paperwork to be done when it comes to field reports, invoice anottations and customer to client communications, that is, if you do all of those things the conventional way.
The Swedish construction industry is now given the opportunity oil up their site management machinery, and get the workflow moving faster with the help of Fieldly, the fresh SaaS that turns construction sites smarter and more dynamic.
Inventure Announces Increased €68 million Fund To Assist Nordic & Baltic Startups in Soft Landing to US
If you by any chance happen to have an investment hungry startup within the Nordic and Baltic region, you’ll be pleased to know there’s a fresh increase of €68 million waiting to get pumped into your veins.
Finland-based VC firm, Inventure, has just announced the closing of its second Inventure Fund II at €68 million. The round will lead to an US expansion where the VC will build presence for future local support of its Nordic and Baltic protégées. The funding was led by pension-insurance company Ilmarinen, with strong backing from existing investors.
The team of Swedes behind Berlin-based Vamos have been quiet in recent months but today announce they’ve released a nicely designed 3.0 version of their app as well as raising a “six digit” seed round led by a group of angels including Erik Wahlforss, co-founder of Soundcloud; Daniel Bornstein, VP of Global Advertising for deviantART; Jan-Åke Classon, board member of the Atlant Fund; and Karl Sandstedt from Google.
Update: This article incorrectly stated Urakkamaailma was acquired by Alma Media. It has now been corrected to Alma Mediapartners
Renovations are a fact of life all over the world, but Finland is weird when it comes to their plumbing. It's bewildering to foreigners living here that that it's so common to be kicked out of your apartment for a month or two so they can fix the pipes while in the meantime, great cities like London are still using plumbing built by the Romans.
What's clear is renovations are big business in the Nordics, and Finnish startup Urakkamaailma has been able to tap into the business by providing a meeting point between renovators and renovatees. Seeing this growth, Alma Media has purchased an undisclosed 15% stake in the company, which co-founder Kalle Koivuniemi and the press release have been calling an acquisition, suggesting a closer relationship between the two companies than just an investment round.