GrabCAD, one of the hot startups currently coming out from Estonia, has announced that they have landed a $1.1 million in funding from top-tier investors. Matrix Partners, Atlas Venture, Next View Ventures and angels John McEleney, Alex Ott, Angus Davis and Jon Stevenson invested into the company. GrabCAD has been a very active startup in the recent year or so as they've both taken part in Seedcamp, but also the TechStars programs.
Mini Seedcamp NY will be held on June 14th at Google's New York offices. The 20 selected companies come from various parts of the globe: Brazil, Canada, Poland, Israel, Germany, UK, Austria, Romania... Three of those 20 start-ups are from the Nordic and Baltic region. Namely, Campalyst from Latvia, Planeto from Sweden (Malmö) and SurveyLegend also from Sweden (Lund). Together with the other teams they would compete for the access to Seedcamp's world-class network of mentors and advisors, for a direct route to seed and venture capital and, of course, for the prestige of being recognized as the best start-up in the region.
Summer is the best time to travel and social interactions with different people is a great part of that experience. But how do you get hold of cool folks with similar interests to party with in Tel Aviv or take a biking tour around New York City? These are the questions Tripl, a Swedish start-up, is trying to answer. Their solution is yet undisclosed but one thing is clear: they are building a platform that would connect travellers with each other, locals and friends of friends. Tripl has recently closed $300,000 funding round, finalized their team of six and will launch their product to the public within a matter of weeks. We talked with David Los, a co-founder, to find out what the start-up has been doing behind the scenes.
Mojang, the Sweden based developer of Minecraft, has announced in the E3 game conference along with Microsoft that their game will be made available to the Xbox 360. The development on the game is just getting started so it'll take some time to get it out to everyone. Carl Manneh, wrote on the Mojang blog that they expect the game to be ready during the coming winter.
Would you like to work on your start-up idea but feel like you need to break out from familiar routine? Then Spanish Village is a program for you. It offers teams of up to three to go to Spain for three months this autumn and develop their ideas into pilots or prototypes ready to enter international markets. To facilitate the work, the program covers food, accomodation and travel plus each team would receive 3000€ for current expenses every month. Mentoring is at the heart of the program so the organizers promise to bring European and American experts who would coach teams in marketing, project management, financing and creating effective business plans and presentations. If that wasn't enough, participants would also be offerred courses in English, Russian and Spanish.
Everyone wants Angry Birds and after invading almost all sorts of mobile and other computing platforms it is now coming to TVs this summer. (after the movie, Rio) The announcement comes as Roku, the maker of set-top boxes mentioned partnering with Rovio early last week.
Freespee, a leading call tracking and Pay Per Call solutions announced the release of Freespee Analytics version 1.6. Freespee started off as a social phone number provider, a startup that provided consumers with virtual phone numbers. The purpose was to ensure user privacy when it came to posting classified ads and other public content.
We admit it - we were a little too strict with our rules for Arctic15, the startup competition when we first came out with it. We've talked to quite a few of you and realised that it may be better to just simplify them and try to get as many interesting startups to the event as possible. Remember, if you're chosen to be part of the 15 finalists - entrance and the possibility to pitch at the event will be completely free. So in this post, we'll publish the three simple points your company must meet to be eligible for the startup competition.
Rovio's Mighty Eagle, Peter Vesterbacka stated this morning in the Summer of Startups press event that "Rovio is very much in acquisition mode at the moment". Last week we wrote about Rovio acquiring a Helsinki based animation studio Kombo for an undisclosed amount. Vesterbacka stated that the acquisition was not a huge one, but they still added 20 people to Rovio's headcount making the company now 120 employees strong.
Last week saw both Pandora and Groupon file their S-1 documents, meaning they are now on track for an IPO. While many have anticipated IPOs in the tech industry, I believe I'm right in saying that they still managed to surprise many in doing so. Pandora is looking to raise $142 million and Groupon is officially looking for $750 million, but WSJ reports that the company might be looking for as much as $1 billion.
We had a brief chat with Mikko Hyppönen, the Chief Research Officer of F-Secure, the Finland based online security company. As he's one of the most vocal representatives of F-Secure online, we wanted to ask him how he feels about the startup potential in online security space. While there are a few really good and interesting companies around, he mentioned that overall there are surprisingly few companies working with online security.
After a successful launch in Finland and Sweden, Grey Area brought their Shadow Cities app to the AppStore in US. Users can download the game for free for the iPhone and iPod Touch. Shadow Cities is one of the first massively multiplayer online games that is location-based. User's location data is emlpoyed to create augmented reality where players can be part of real-time large-scale combat with friends and other gamers. As the company puts it themselves: Shadow cities turns players into mage and streets into game.
Very few people on a macro economical scale realise the importance of entrepreneurship to a nation's economic welfare. However, even fewer realise the importance of foreign talent to the success of a nation's entrepreneurship ecosystem and hence the success of a nation's welfare. While there have been studies to support this, it hasn't reached the level of acknowledgement it deserves in the Nordics and Baltics yet.
Students ahoy! We've announced instructions and pricing for tickets for full-time students. You can see these instructions from the Arctic15 website as well.
Tickets for full-time students are priced at 79€, including all VATs, fees and what have you. We wanted to get the price down as much as possible and we think 79€ for the show is an excellent bargain.
Looks like the technology scene in Europe is getting another backer as the prominent US VC, Greylock Partners announced a $160 Million technology fund. The funds are poised to be used for Internet technology companies in the European region as well as in Israel. The firm has been pretty a notable mention with stakes in leading internet brands like Facebook, LinkedIn and Groupon.
Rovio, the creators of the hugely popular game Angry Birds, have today announced that they have acquired the Helsinki based animation studio Kombo. The acquisition was financed through cash and Rovio stock. The sum was not disclosed. According to the press release, after the acquisition, Kombo will focus solely on Rovio's animation properties.
Gruvi is a Danish start-up that helps brands find and engage with fans on Facebook. Their focus at the moment is film industry. With the help of their Facebook application Gruvi strives to help major studios in Europe acquire more fans early on in the campaign cycle. App users can watch movie trailers, check timetables for the shows and book movie tickets. They can also easily set Facebook events and share the invite with their friends inside the app. All of those features used to be available only in Denmark but now the app is also live in UK. Gruvi's partner in the UK market is Sony Pictures Releasing and their first campaign is built around Sony's new film Bad Teacher.
Syddansk Teknologisk Innovation (SDTI) invested $350,000 in Magma, an online project management tool for magazine publishers. Goes to show once again that e-publishing is definitely a thing to keep an eye on when it comes to the growing online industries! This is the first substantial funding round for Magma, which was founded in July 2010. Magma's goal is to revolutionize the way magazines are currently published by moving the whole management process online. Instead of whiteboards, long excel sheets and overloaded inboxes, the start-up offers a platform for curating a publication from collecting and proofreading content to selling ads, finalizing the layout and distributing the publication across platforms.
There is nothing like being an entrepreneur. Of course that’s a bit challenging for many - especially to let go off the comfort of a monthly paycheck, but many aspire to be one. The problem is not everyone is bound to be one and even less are bound to be successful. However, there are many people searching for jobs each spring as they leave their schools behind, be it high school or university. CopenhagenStartups is a new initiative to help people find a job at a startup, something not many might have thought to be a viable start for a career path.
Some time back we covered the finalists participating in Mini-Seedcamp Stockholm. The list featured 14 companies from the region. Overall, 20 companies were selected to pitch at the event. While Seedcamp Stockholm was planned to be held as an event to find the participant to the Seedcamp New York trip, the Seedcamp team decided to announce “a winner” from the event. The winner, ie. the company that Seedcamp will invest into, is Holvi, by the founders of Scred.