HammerKit Raises A Financing Round
The Finnish web company HammerKit has raised a financing round last week according to Kauppalehti. The sum raised was not disclosed, but it was stated that one party involved in the round was the Finnish Governmental investment fund VeraVenture.
I was able to talk to some members of VeraVenture in LeWeb and they confirmed the investment. It was also VeraVenture's 100th investment in the duration of a few years. VeraVenture's investment strategy is such that it doubles the effect of an individual investor's so there would have had to be another investor that put in an extra X euro's into HammerKit.
HammerKit's board will be added with Gateway Technolabs Finland's founder Pentti Heikkinen along with the investment, so one guess could be that Gateway Technolabs Finland is the other investor. This cannot be confirmed as it has been stated that there is a shortage of able and experienced board members for startups.
Excellent news. Well done, HammerKit!
Hi,
To avoid misunderstandings, I'd like to add that eventhough Veraventure prefers to syndicate with private investors -- both business angels and private VC's -- we can also invest alone.
Read the original story at www.veraventure.fi.
[...] Read the rest here: HammerKit Raises A Financing Round | ArcticStartup [...]
Hi Antti,
Thanks for covering this. For the record it was Pentti Heikkinen did not invest in the business, although we are delighted that Pentti has joined as a board member. He brings a huge amount of big business experience and I know that we will benefit from his wisdom. We raised additional funding from our original investors along with Veraventure and we were delighted to be the 100th company that they have backed. For me it is a really strong statement on the willingness of the Finnish Government to invest in startups and I for one am thrilled.
We will use the money to start our international operations and improve our product, so watch out for more on this over the next month or two.
rgds
Mark
[...] joulukuu 2008 PerttuT Suomalainen web-sovelluksien rakentamiseen erikoistunut työkalu sai rahoitusta Veraventurelta. HammerKit palkittiin myös hiljattain MindTrekissä ja palvelu on kehittynyt tasaisesti kuluneen [...]