by Antti Vilpponen - November 22, 2010 -
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Venture Bonsai is a new crowdfunding platform that is in private "invitation stage" as the co-founder of the company, Antti Hannula, states. Venture Bonsai enters the increasingly active market of enabling new methods to fund startups. The company is a little over six months old, but the idea originates back to Summer 2009 when Antti Hannula and Marko Lehtimäki talked about the difficulties startups face in getting funded.
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by Antti Vilpponen - July 26, 2010 -
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CuteFund is a new Estonian start-up that is trying to reinvent mutual funds - in a nutshell. CuteFund is founded by Andrei Korobeinik, the founder of Rate.ee, one of the most popular Estonian startups. Andrei sold Rate.ee to EMT some time ago and decided to invest his money into stocks. Andrei realised however that investing into stocks through fund managers wasn't very interesting. Based on this, he decided to found CuteFund - an investment fund run by the community.
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by Antti Vilpponen - March 08, 2010 -
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Mediatonic Management has closed a 5 million euro fund that will begin to finance games and media products from Finland. The fund has been set up by investments from Fennia insurance, Henki-Fennia insurance as well as the Sonera Pension fund. People behind the fund include Tanu-Matti Tuominen and Marko Tulonen.
The fund is a project and catalog fund that will invest in commercial games, television formats and web services. The fund does not invest into the companies in the manner a venture capitalist would invest, but into the rights of the products and services sold. Therefore the fund's business model is to take a commission from cash flows generated by the products and services sold.
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by Miikka Kukkosuo - December 09, 2009 -
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Upsido is a Danish startup providing a web application for Nordic private investors that focus on fundamental analysis, as opposed to fast and real-time day-trading. http://en.wikipedia.org/wiki/Fundamental_analysis
Upsido claims to offer the most comprehensive and fastest updated and most accurate financial information, tools, and news on Nordic public companies, to allow private investors to make sounder long-term investment decisions and track the performance.
Upsido have recognized a global trend of banking customers losing confidence in their bank's investment advices. The firm's service is built around the message of saving money by quitting investment advices from your current bank, and doing stock analyses both faster and more efficiently on your own on their web service - with better decisions. UPSIDO.com covers around 1,000 stocks in Denmark, Sweden, Norway and Finland, and aims to expand their service and customer base to the whole of Nordic.
The users of Upsido's service have access to different tools such as screening, comparison, sector risk, fundamental ratings, etc. There is a free service offering Stock Overview, Financial News, Portfolio, and Watchlist features, but the more interesting and advanced functions are behind a monthly subscription fee of around 9 EUR (or 13 USD). The unique "UPSIDO Rating" is also only available to paid users. It is a ratio, which aims to convey the overall fundamental strength of a company from calculating ratios such as historical P/E, P/B, EV/EBITDA, dividend yield, sales growth, EPS growth, etc. etc., and that way help investors quickly sort out the best firms.
The firm was founded in late 2007. The CEO Peter Garnry explains that in the beginning, Upsido first tried the B2B route, providing a web application through the Internet bank solutions of all major banks. They managed to get five larger banks in Denmark close to signing a contract, but then after Lehman Brothers went bankrupt everything halted. After revising their strategy, Upsido decided to distribute the service directly to consumers/investors. It was a tough change, but the firm survived and is now experiencing nice growth rates, Peter comments. The firm has some customers in Sweden and Norway already, but in 2010, Upsido is looking to really penetrate the Norwegian, Swedish and Finnish markets, utilizing partnerships like The Danish Shareholder Association, online broker E*Trade, and business newspaper Dagbladet Børsen in Denmark.
http://en.wikipedia.org/wiki/Dagbladet_B%C3%B8rsen
http://www.arcticindex.com/people/208
Upsido is a Danish startup providing a web service for Nordic private investors that focus on
fundamental analysis. Upsido claim to offer the most comprehensive, quickly updated, and accurate financial information, tools and news on Nordic public companies. The service aims to allow private investors to make sounder long-term investment decisions and track their portfolio performance.
Read more »
