Sweden’s power semiconductor firm Ascatron said on Wednesday it has raised additional 4 million euros for finalising development of its energy-saving chips, and was closing its A round with the new funding. Ascatron develops power semiconductors based on Silicon Carbide (SiC) that radically reduce losses in electrical transformers. Losses can be up to 20 percent […]
Shenzhen O-film Technology Co., Ltd. has bought all shares in Senseg Oy to gain access to the Finnish firm’s proprietary Electrostatic Haptic Feedback technology, and aiming to bolster its profitability and competitiveness. O-film said it plans to invest an additional 1.87 million euros to Senseg Oy after the deal. Senseg raised its B round of […]
Helsinki based VC Vision+ has set their eyes on China where big dreams, if successful, turn into even bigger profits. Last year they hit our news with a fresh €50 million to pump into promising companies. Their more than colorful portfolio includes everything from Manga distribution to movies starred by Samuel L Jackson.
If I told that there is a brand new startup that puts an app on your phone that forces you to answer surveys, while giving you a few euro’s as a reward, would you think that this can potentially a huge success in the future? Probably not. Yet, this is exactly what I am going […]
The Finnish gaming success is not just about the casual games from the likes of Rovio and Supercell. There are other gaming companies that deserve the attention, especially if they also have an added benefit of being education. For instance there is Beiz, who have created the Lola Panda brand and several games to go […]
One of the startup jokes is, “We only need to get 1% of the Chinese market and we’ll be millionaires…” but all joking aside, how would you do so? Today at the LAUNCH festival Helsinki-based Transfluent is releaseing Sina Weibo (think: Chinese Twitter) support, letting brands hit new markets effortlessly by letting Transfluent’s army of translators […]
BeiZ game studio has secured $1 million (€800 000) from Inventure and Tekes to boost the quality and marketing of their games. The Tampere, Finland based company has produced a number of educational and multilingual titles for iOS, Android, and Kindle, with one release also available on Nintendo DSi and 3DS. In addition to creating […]
Bloomberg has a story on Rovio, the makers of Angry Birds, that they’d be looking for financing at $1.2B valuation. Bloomberg refers to two people familiar with the matter, but does not disclose who they are. What makes this financing talk a little more interesting (not that it would need to be at such valuation) […]
Unity Technologies, a Copenhagen originated startup now based in Silicon Valley, has closed a $12 million in financing from WestSummit Capital in China and iGlobe Partners in Singapore, according to Techcrunch. The financing round is Unity’s second and an investor from the first round, Sequoia Capital, also participated in the round.
There is so much good to write about Angry Birds that many people would think that Rovio has always been a record breaker from day 1. It has taken Rovio 7 years and over 50 titles to bring forth this insanely popular game for the masses. By mentioning 50 titles, I simply needed to mention […]