Nervogrid Lands A 700 000 Euro Investment
Nervogrid, a Finnish cloud computing company, announced yesterday (in Finnish) that they have landed a 700 000 euro investment from a variety of Finnish investors. The company has been founded in 2004, but in the last two years its sales have exploded dramatically. In 2008 its revenue was 240k euros and last year they managed a 1.2 million euro revenue - showing clear traction and demand for their services. With the investment, Antti Vihavainen, has been named the country manager of Nervogrid to further speed up the sales.
Frosmo Secures A Class Angel Round
Frosmo, a Finnish based skill gaming company, has secured an angel round from highly distinguished investors and individuals according to Kauppalehti. The size of the investment round has not been disclosed, but the investment round included 6 individuals; Risto Siilasmaa, Hannu Vaajoensuu, Kirsi Eräkangas, Markku Toivanen, Jarkko Veijalainen and Klaus Berner. Kauppalehti tells that the investment will enable the company's strong growth overseas - so it is a relatively large angel round.
Frosmo is company developing a browser based skill gaming service, very much like that of King.com - the world's largest and most popular casual skill gaming community. Frosmo's main markets are in Eastern Europe and Asia - not the most common country's of operations for a Nordic company. Nevertheless, Eastern Europe has been a growing market for casual games in the recent years.
Frosmo has some 40 000 players daily. While their main site may not be the fanciest of sites on the internet, they tailor their service to customers through partners. In Finland they have partnered for example with MTV3 to host their service TopKani.fi which is a lot more user friendly and attractive.
