About a month ago in Copenhagen we stopped by entrepreneurial hotspot Founders House to catch up with the number of companies listed there. We first sat down with Martin LeBlank Eigtved, CEO of Iconfinder, to talk about where their company and the icon industry is at the moment.
As a little history, Iconfinder started out as a directory of free icons for developers to use in their projects, then expanding to premium watermarked icons. They raised their initial capital by a few Danish investors and 500 startups, before June of 2012 raising $1.5 million from VF Venture. At that time they were the 900th most popular website in the world, according to the Alexia rankings, a number that has dropped to the respectable 2000's. Despite whatever has affected the rankings, LeBlank says that growth is going good. "Marketplaces are self reinforcing," says Eigtved. "We have a lot of free users and exposure with designers, and things are going faster and faster and faster - a positive feedback cycle."
Iconfinder has received a $1.5 million (€1.2 million) investment from VF Venture (Vækstfonden) the Danish state-owned funding arm, and a follow up investment from an American investor who has not yet been disclosed. The company has built a name for itself by providing easy search for icons used by web designers, app developers, and even anyone making a powerpoint presentation. With the funding, the company says it will continue to develop the core product and work on commercializing the large amount of traffic they see. Iconfinder's founders also say they're ready to take on Google's search in this niche area.
To continue our ArcticEvening tour around Northern Europe we will be organising an ArcticEvening in Copenhagen, Denmark on 24th June. The date is set so that it is in the eve of the awesome reboot conference.
We have still some 20 tickets or so left and you can reserve your free ticket here or at below. Go get your now!
We are going with a different format this time (no panel) and want to bring out all the best startups in the region. We have a amazing line up coming.
Here's the list of startups that will be presenting (we also might add a few extra appearances). The presentations start at 18.30 sharp(!), so be there in time.