Posts tagged:

mtvp

Lithuania – Punching Above Its Weight In ICT?

by Guest Blogger, September 25, 2009 — 28 Comments

LithuaniaGuest post by Daiva Naravaite, co-founder of AlpinaSearch. AlpinaSearch is a provider of global Search, Selection & On-boarding services for innovative start-ups and their investors.

Who would have believed that the country with the highest mobile subscription rate worldwide (138% as per World Economic Forum’s World Competitiveness report), the broadest high-speed mobile broadband coverage and the densest network of public internet access points in Europe is the small nation of  Lithuania, sandwiched between Latvia, Belarus, Poland, Kaliningrad and the Baltic sea?

Prompted by comments I heard on numerous occasions (including geeky ArcticStartup and TechCrunch events), and equally inspired by the enthusiastic entrepreneurial community in Lithuania, I thought I’ll share a few facts.

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Apaja closes 1.75 MEUR Round A financing

by Antti Vilpponen, November 7, 2007 — Leave a Comment

Apaja Online Entertainment OyThe Finnish Apaja Online Entertainment has closed a 1.75 million euro round A financing with Martinson Trigon Venture Partners. Apaja’s main product is the online gaming community known in Finland by Aapeli and the international brand of Playray.

Discussions on the round were started during early summer and continued to closer discussions with MTVP during the autumn. According to Inka Mero, the CEO of Apaja, negotions were continued with MTVP as they have a strong understanding of the Eastern-European markets as well as Central European markets.

The investment is used for growth and internationalisation of the brand.

Disclaimer: The writer of this post has previously worked at Apaja Online Entertainment.