The founders of Finland's SportSetter were the size of Godzilla in New York yesterday, getting their faces slashed across a billboard after ringing the opening bell to the NASDAQ exchange. Sportsetter has been growing steadily in New York after launching their service in Helsinki, allowing gyms, yoga studios, and other players in the Fitness space to get new customers through a network of people interested in trying new sports. After signing up through SportSetter, users select the types of activities they’re interested in, and then get access to a few curated activities a month. The value for fitness centers is that after trying out a yoga gym, for example, a user might decide they really like it and then stick around for a membership.
Bloomberg is reporting today that Rovio has announced it is preparing for an IPO in 2012. “We’re not ready to file for an IPO tomorrow. Maybe a year from now.” Peter Vesterbacka, the Mighty Eagle of the company said on Bloomberg TV. He also went on to state that the company is insanely profitable. The valuation of the company is more than a billion dollars, sources close to Bloomberg state.
We haven't covered Muxlim at ArcticStartup in the way it deserves to be covered. So, what better way to do it than have a talk with the founder and CEO of the company, Mohamed El-Fatatry. El-Fatatry isn't your usual startup founder in Finland. He's of Egyptian background and went on to start the world's largest muslim-oriented site when still in school. Muxlim grew immensely fast in the early days they didn't really have any competition. One of the drivers of their growth can be attributed to excellent media coverage.