Finnish VC Inventure has invested 2 million USD into Finnish mobile publishing platform firm Conmio. The financing will be used to support Conmio’s international growth and product development. Conmio sees many opportunities for expansion due to the strong demand for mobile services. Conmio’s target customers include media firms, device manufacturers and other companies interested in providing mobile solutions to their customers or end users.
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Mobile Publishing Platform Provider Conmio Lands A-Round Funding
Rightware Buys Futuremark’s Mobile Unit And Closes A €3m Investment
Finnish startup Rightware acquires Futuremark’s mobile and embedded business unit.
Rightware is really a spin-off from Futuremark that was just founded at the end of 2009. At the same time the company announced the deal with Futuremark, they announced a closing of a €3m investment from Inventure and Nexit Ventures.
With the funding, Rightware will accelerate development and marketing of Kanzi. Kanzi is a taylor made solution specifically for mobile phones and automotive applications as well as Futuremark’s established device performance measurement products and services for mobile and embedded industries. Kanzi enables manufacturers of mobile phones and automotive display & infotainment systems to create richer and more intuitive user interfaces in radically less time than it takes with conventional tools and methods.
Teemu Selänne, the unknown VC
Teemu Selänne, the NHL hockey player, has cashed in on the MySQL deal, where Sun Microsystems acquired MySQL for a billion dollars.
Teemu had invested about 330 000 euros seven years ago into Holtron Capital Fund I, which is managed by Inventure Oy, according to the Finnish Venture Capital Association. The exit value for Teemu’s initial investment was worth just over 1 million euros, according to Ilta-Sanomat.
Congrats to Teemu!
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