Russian firm, Yandex is waking up to assist startups with funding with the initiation of Yandex.Factory. Yandex.Factory is a startup investment program that will provide funding to startup projects in Russia as well as those from the International arena and this investment is by no means small.
This is pretty significant for someone like HeiaHeia (pretty much anyone going at it with limited resources). The company announced yesterday that they have partnered with Preve Ltd, a subsidiary of Pfizer Finland, to provide self-care patients with the possibility to use their platform. The deal in question is essentially the first public white label solution HeiaHeia has done for a larger company.
Spotify announced today that they will limit the Spotify Free account from May 1st in a few different ways. The reason behind all this is naturally to further monetise and convert those using Spotify Free to the premium accounts. At the end of March, the company also announced, as part of its move to further monetise the user base, to give all new premium subscribers a free 7-day test of the service before billing anything.
Tinkercad is new Finnish start-up that offers software for 3D solid CAD modeling in the browser. Founded 6 months ago, Tinkercad launched public beta this week. We talked with one of the founders, Kai Backman, who shared the story behind Tinkercad and its future potential. 'When living in US I noticed a growing trend of maker movement and 3D printing', Kai shared.
A growing number of people are interested in building things by themselves or customizing existing products. At the same time, 3D printers are becoming smaller and more affordable (though they would still cost at least a couple of thousand plus materials). 'The problem is that 3D printers are computer driven (you need to have a computer file to be able to print the part) but the existing software is designed for printing fighter jets', Kai added. Tinkercad seeks to bridge that gap by offering a tool that does not require engineering background to use.
We at ArcticStartup heart the Garage48 event for all the rush and enthusiasm that comes forth in the 48 hours of pure innovation. But the weather at the events here in the Nordics and Baltics was perhaps just a bit too cold and needed some equatorial treatment, which is exactly the treatment Garage48 will be getting. Garage48 has announced that they will be holding 5 events in Africa.
Eniram is a company we haven't written about in a while. The last time was actually in 2009. However, they've been growing their business ever since and a while ago we received their 2010 figures. Impressive growth indeed, the company has grown their 2010 revenue some 300% compared to 2009. In 2009 Eniram's revenue was about 830 000 euros so this means they turned over some 3,3 million euros in 2010.
What do they actually do then? The Finnish based software company promotes their products, Eniram Onshore and Eniram Onboard, that help fleet owners and captains better handle their ship to save fuel and overall improve efficiency.
According to Helsingin Sanomat (Largest Finnish daily), Rovio, the makers of Angry Birds mobile game, have pocketed approximately 14 million euro ($20 million US) in revenue during the first quarter of 2011. Two thirds of the revenues come from app sales and about a third from advertising. Overall, Mikael Hed, Rovio CEO, stated that the game has been downloaded more than 120 million times.
Elena Masolova has built an impressive career by the age of 26. Graduate of Moscow's Higher School of Economics, she has so far founded a seed investment fund AddVenture, bacame a partner at Ruvento (accelerator and venture fund) and built a couple of start-ups. The most successful of those is Darberry, a copy of Groupon in Russia, which she sold to Groupon last August. Elena recently gave an interview to E-executive, sharing the story of Darberry and other insights into the Russian start-up scene.
ArcticStartup is going to collaborate with Attorneys at Law Borenius & Kemppinen Ltd - or B&K, as it commonly abbreviated - to produce “Road To Exit: Startup's First Year”, a practical blog series addressing the most common legal questions and problems that a startup company faces during their first year of operation. True to its name, the series spans over a year, with approximately one blog post coming out each month.
After quite some brouhaha over the Nokia and Microsoft partnership it appears that Nokia at present is just making news with its Ovi Store. In a recent release Nokia shared pretty impressive stats on the number of downloads at the store; 5 million downloads a day. That’s more than just impressive, meaning that Nokia is still a force to be reckoned with.
We're very excited to be announcing two very interesting speakers to our Arctic15 -conference in September; Steve Huffman, Co-founder of Hipmunk (formerly also Reddit) as well as Daniel Kaplan, Business Developer at Mojang the company behind the game Minecraft.
Endomondo recently announced a partnership with ANT, which means its app is the first Android app to support ANT+ wireless health and fitness devices (previously only iOS supported those). ANT+ supports more than 14 million health and fitness devices that measure heart rate or bike speed and cadence. With Endomondo app users of ANT+ devices can easily collect such data in real-time.
Back in December 2010 we mentioned Digia’s entry into the music scene with a new mobile app called Flow’d. The application enables users to connect with their favorite artists and in doing so, gives artists some nice tools to engage their fans. The app isn’t a new idea but rather an improvement to previous location based applications that adds more value to the existing concept.
There is one thing that parents love the most when it comes to kids and that's sharing the most memorable moments with everyone they know. The problem is you can take photos of the first step they take, their first giggle, etc but sharing them is a huge problem. Emailing helps, but the task is boring and doesn't really allow proper interaction. A service that lets you share all these moments as a journal is a need of many parents. Enter Intoloop Kids.
Publishing content online might be considered to be the easiest job for many but for those who mean serious business, pushing content online is a matter of great importance. Many bloggers out there would readily agree to this when they switch from writing for their personal blog to someone else’s. You have to adopt to a certain standard, the perfect writing style and tone of voice, just to name a few. We reviewed Wordy, a startup that takes up the responsibility of all your editorial nightmares by providing you a quick, standardized and cost effective solutions. Write, submit, pay and publish with confidence. Quite simple. Recently, they announced new pricing and features to their service.
The company that brought us Color, the photo sharing app for the iPhone, received $41 million in funding some time ago and we questioned if this was another sign of a tech bubble emerging. Color is essentially a photo sharing app that apparently got its launch all wrong. There's another photo sharing app coming from Sweden called Pixamid that seems to work in a somewhat similar way to Color, but the approach is completely different and I could easily argue that it will most likely beat Color at its own game. Pixamid leverages the users' existing accounts and builds on top of these - enabling smarter photo sharing. Pixamid is available for free in the App Store.
In this series, we study companies on how they market and sell their products or services. In the this post we'll be looking to interview Kalle Väinölä, the co-founder and CEO of Freedrop Innovations Ltd. The company is behind the Gamebook concept that golfers can use to make the most of their round. We covered the company in January when they inked an investment agreement from Anssi Vanjoki. As this is the first story in the series, all kinds of feedback is naturally welcome regarding the questions.
Out of the big and growing number of Russian e-commerce sites one stands out the most - Ozon. It's the oldest (founded in 1998) and the biggest on the market. In 2009 Ozon delivered 1,46M orders containing 6,636M items all across Russia and CIS and reached a turnover of $110M. Just when rumors started spreading that Ozon is loosing its marketshare, Ozon announced its figures for the last year and they showed a 34% growth. That is 13% higher than last year's but compared to its growth before the financial crisis, it still lags behind. Ozon's annual turnover for the last year is almost $148M. The figure pales in comparison with Amazon's $10 billion in turnover but compared with Wikimart, one of its closest competitors in the Russian market, whose turnover reached a mere $1.5M in 2009, Ozon is still the Amazon of Russia.
Mojang's Markus Persson, the lead developer of the hit indie game Minecraft, answered community questions in Reddit revealing a lot of interesting information about the game, but also the company. Perhaps the most interesting is the confirmation of the business potential of the game. It has sold more than 1.8 million copies of which 800 000 at 9,95 euro and over 1 million at 14,95 euros. While PayPal takes a small cut from all this, Minecraft has essentially generated over 20 million euros of revenue for Mojang.
A dissatisfied customer is the worst worry for any firm, which is why many companies or brands are willing to spend endlessly to ensure each customer is happy. The question is how you monitor whether the customers are satisfied or not? Leave comment cards or drop boxes? Quite ancient in my opinion and often many don’t have the time and convenience to put their thoughts to paper. Step in HappyOrNot, that sticks to simplicity; a smiley that says everything.