Airdog breaks $1 Million to become most successful Latvian crowdfunded project

With about 2 days left on their kickstarter campaign, AirDog, the Latvian auto-follow videography drone that allows extreme sports enthusiasts to film their moves, has reached its 3rd stretch goal on Kickstarter, surpassing the mark of $1 million. This exceeds team’s initial estimates more than five times and makes AirDog the most funded Latvian startup on Kickstarter.

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Wine app Vivino hits milestone of 5 million users


Denmark's wine app, Vivino, has just hit the nice round milestone of 5 million users who are snapping pictures of their wine bottles to rank what they've drank. We've covered the company a few times in the past, but if you're just now hearing about them, the app uses computer vision to figure out what bottle and vintage of wine you're drinking, where you can rank it yourself and find more information and rankings about the wine.

Moving 5 million app downloads isn't bad, especially since users seem to be busy within the app. According to their about page statistics, users have made 13,391,897 ratings, and have done 3,488,092 written reviews.

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The Walking Dead is coming from Finland


Shambling out of the darkness, moaning in creeping horror as it steps in to the light, comes the announcement of a new mobile game based on The Walking Dead TV series from US television network AMC. Next Games, based in Helsinki, Finland, and developers of the game, are celebrating the news by publishing the first promotional trailer which you'll find after the jump.

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Ever wish your Android device had more buttons? Check out Dimple


When we buy our new smartphone, we usually compare several models matching our desired characteristics. Then we spend some time browsing user reviews, talking to people using the gadgets, get our hands on some physical devices to play around with and finally make our choice. However, if you are like most of us, a week, a month or sometimes even years later you end up with a feature you absolutely love but that is ridiculously inconvenient to access.

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Do Mobile Wallets need to band together?

A sign of a developing ecosystem is when startups start getting built on top of other startups as a service. For example, Groupon-style startups got brought together under Denmark's Bownty, Quantitative Self startups are supposed to be brought together under Health Puzzle, and so on. Mobile wallets have long been popping up, and now can be brought together under Lithuania's WoraPay, if the company uses it's fresh €400,000 raise by Israel's Entrée Capital correctly.

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Google Acquires Helsinki Based drawElements for 8 Figures

Yet another exit for the Nordics. The normally slow summer is turning into a shopping spree by the big players as the Helsinki based drawElements is acquired by Google. The exact amount behind the transaction is not disclosed but we have narrowed it down to eight figures, which is definitely a great achievement for the founders in their 20's and for Finland in general.

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$5 million Series B Funding Drove E-commerce Solution Ecwid to Form Partnerships

Thinking of setting up store in the world wide web? Sure why not, pretty much everyone’s doing it these days.

Not so fast though. Integrating an e-commerce solution is a big thing, as it can be costly, time consuming to mount and it would be beneficial if it stood out from the thousands of others online stores, which in turn might require customization via plug-in (also potentially costly stuff).

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Jens Nylander, Swedish Serial Entrepreneur and Founder of Automile, has Succeeded Through Failure

Some businesses fail, others flourish, but mostly they fail. That would be generally speaking of course, and figures do change depending on the industry, but it’s a well known fact that a significant portion of start ups will be filtered out within the first four years of their existence.

But you can’t win unless you try.

That mentality of perseverance is what I suppose has been dictating Jens Nylander’s, along with many others’, journey as an entrepreneur. Nylander is a Swedish serial entrepreneur who’s lived through an utter business failure, a success story and now the milestone of becoming father to his third Swedish startup company, Automile.

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ACTIVE Venture Partners Appoints two New Team Members after Busiest month to date

It's been a hot, yet immeasurably valuable month of July for us all, undoubtedly due to the relaxing effect of the summer sun which recharges our internal batteries after a long winter. However, for venture capital firm ACTIVE Venture Partners, last month has been more than just recharging batteries. In fact, its been all about breaching corporate milestones and expanding as a company: to culminate their most active month in their history as a VC firm, ACTIVE has appointed two new members to its team, Sebastian Blum and Georg Stockinger.

The announcement comes after a month of heavy investing, during which Active Venture Partners has led funding rounds for Spanish startups Traity ($4.7 million) and Percentil ($1 million) as well as Swedish app for anglers, Fishbrain ($2.4 million). 

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Meet the company that's crowdsourcing Lapland

Despite being a harsh wilderness with no room but to the toughest flora and fauna, Lapland is also home to unique landscapes filled with overwhelming natural beauty, yet to be fully touched by the destructive hands of mankind.

So how about buying yourself a piece of Lapland?

Sounds crazy? It’s not. Even more so, it’s relatively cheap as well, if you do the purchase through Geocollectors.

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The Axe Falls: Microsoft to Cut Half of Nokia Devices & Services Workforce


We knew when it was announced that Microsoft was going to buy Nokia Devices and Services that it would lead to cuts in the workforce. It was hoped that a lot of that had been done in the lead up to the sale, with many people having left the company to find work with other big names, or start their own companies. Well Microsoft have just revealed the scale of the cuts, and guys. It's bad.

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To Paris With Love


Girls in Tech Paris and Orange are hosting the 4th annual European Lady Pitch Night in Paris on the 23rd September, and they want to see the Nordics well represented. We’re told they’ve received nearly 100 hundred entries from 15 countries across Europe, but only three from the Nordics. I’m sure we can boost that.

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BetterDoctor Closes $10 million Series A led by New Enterprise Associates

Promising news for any unlucky american in immediate need of a doctor: BetterDoctor, the San Francisco based healthcare tool and online doctor search service, has closed a $10 million Series A funding round led by New Enterprise Associates and participated by existing investors including SoftTechVC and Finnish venture capital firm Lifeline Ventures.

The fund will be used to further develop the existing service, hire new employees and spread the service’s web and mobile applications to new platforms.

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Education, Crowdfunding and Savivo's EduWatch

How would you teach a child how to read time? To be fair and honest, even us adults don’t always seem to manage to keep up with a clock, so how to make sure a kid does?

Luckily we can easily entrust this task with the schooling system, but what about the poor teachers then? How do they explain young students the importance of a funny looking contraption with numbers and hands that you can’t basically even play with?

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Google Ventures Lands in Europe


The summer is great; sunshine, ice-cream, holidays, all that great stuff and more. However it does mean that while we’re kicking back and enjoying a rest we can miss the odd big story. One such that slipped through the net last week was the news that Google Ventures is coming to Europe.

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Finnish startup TeamUp enters the US market


We were recently invited to the US Embassy in Helsinki by Finnish start up TeamUp. They had gathered the local Finnish media to announce the launch of their new Windows Phone app and expansion into the United States. Founders Donna and Kimmo Kivirauma were excited to present their start up to the press and explain where they are going.

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Jongla tells the story of a successful year: doubled user base & major expansion

Talk about an underdog: Jongla, the insta messaging app from Finland, has been fighting for years against heavyweight competition from WhatsApp, Kik and Voxer, but while the american IM giants have been beating each other to pulp, Jongla’s been steadily strengthening its foothold in the Eastern hemisphere.

Now it seems Jongla’s relatively small size may be blown into history: Following their launch around a year ago and a revamp of their app last December, the company tells us its progress to date has been nothing short of impressive.

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Nosto, the Helsinki-based marketing automation service, Closes $5.5 Million Series A

Helsinki-based e-commerce analytics and marketing automation-software provider Nosto Solutions just closed a $5.5 million Series A led by Wellington Partners and with participation from existing investors Open Ocean Capital and SanomaVentures, along with Tekes, the Finnish Funding Agency for Innovation.

As with most series A of this size, the funding will allow Nosto to keep up with it progressive international expansion, which has already plugged the company with over 1200 online retailers in over 30 countries, including bigger customers such as Bauhaus, Philips and LUSH. According to Nosto, the company’s revenues have grown over 500% since its launch less than year ago in October 2013.

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Spoiler - Germany wins again


The fourth round of the EIT ICT Labs ‘Idea Challenge’ was recently held in Rennes, France. Along with nine companies pitching for the competition’s awards over 200 people gathered for a two day symposium on the future of Cloud Computing. Arctic Startup was there to check out the Nordic and Baltic entries, and enjoy some warm summer sunshine.

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RushFiles lands big, €2.5 Million round from Insero, Vækstfonden and North-East Venture

Managing file storage and sharing within and between companies can easily become every IT workers worst nightmare. It would only make sense everyone uses one single cloud provider instead of multiple different ones, which could results in awkward business meetings when files won’t open or frustration when important files cannot be accessed without an online connection.

Denmark based RushFiles has seen the problem and devised a solution that seems to be working well for its major Danish telecom clients, which includes names like TDC, ScanNet, Athena and Zitcom. Then again it’s not only the clients who are convinced: RushFiles just raised DKK 19 million (roughly €2.5 million) from Insero, Vækstfonden and North-East Venture.

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