Runners rejoice, MyNextRun has raised a new round of funding. The Finnish-founded service that helps you find and sign up for running events has just grabbed a €170,000 round with new investors, including Dreadnought Finance, Reaktor Polte, a few angel investors, and Tekes.
MyNextRun works as an event directory for running events. For some events, their directory will just lead you to their website so you can sign up, but for the 300 events across Europe they've partnered with, MyNextRun allows you to sign up to the event through their platform, see maps of the track route, find the participant list, and read reviews of the route and how the event was managed. Additionally MyNextRun can lead users to photos of the event.
We have spoken about this issue before, but many modern start-ups are "solving a problem" that does not really need to be solved, so when we see entrepreneurs that try to tackle a real-life problem we tend to take notice.
Take NurseBuddy, a company trying to make the lives of nurses, old people and their relatives - easier. They might not have the most scalable business in the world, but they are making a change and they way the are doing it is a lesson to all other startups out there.
The CEO, Simo Hännikkälä is known for spending a lot of time on the road with Nurses, when they are visiting their patients. That way the company stays close to their users and knows exactly what they want and need.
Reaktor POLTE Invests €100 000 In MyNextRun And Tell Us More About Their Hands On Investment Approach
Last month we were kidding about Reaktor Polte investing into a startup per week, but they are definitely keeping up the pace and this month they announced a EUR 100 000 investment into MyNextRun. The total round size for the company was €150 000. The startup allows anyone to find running events all over the world and to enroll directly through their service.
This is a niche proposition, but something that has definitely been a problem for the running community, especially when it comes to finding and registering for foreign events. The company already has over 10 000 users and are just waiting for the snow to melt and start the exponential growth stage.
After investing into three companies (VALO, FUSION, and RBN), a finnish IT company Reaktor announced a new investment arm of the company - POLTE. Just last week, they made their first investment into Ninchat and today they came out with the news that they invested into Avansera and their shopping list app - OstosNero. They claim that they will be able to save up to 40% on groceries and other fast moving consumer goods.
When we last spoke to Oskari Kettunen, the head of the POLTE project, he did mention that they are evaluating many companies and that the pace will be fast. However we did not expect it to be this fast. This time around, the total investment is undisclosed as the seed round has multiple angel investors on board that prefer to stay anonymous. Still Kettunen was able to tell us that their share of the investment is €55 000. As usual POLTE will also provide the experience and knowledge of the Reaktor team.
Reaktor is not your average software house, they have been winning “best place to work” awards in Finland and Europe left and right and have a very impressive track record. In fact, we heard a rumor that they decline participation in the 'best place to work in Finland' competition, just to “let somebody else win”. So with all the good vibe and money in the pot, they started investing in early stage start-ups. In order to do so, they created an investment arm - POLTE and the first investment with that brand is Ninchat. (Reaktor itself has previously invested into VALO, FUSION and RBN)
Reaktor, a Finnish IT company, is now moving to becoming a hands-on seed investor in Finland. Reaktor solves IT and software needs for large customers like Elisa (telecom), Rovio (one of the leading gaming companies in the world) and many other big names in Finland. The company has been rated the best place to work for four years in Finland, and was once rated as the best place to work in Europe.
The investment arm is named POLTE, which means sort of a "burning intensity" in Finnish. Oskari Kettunen, the head of the POLTE project, defines this as the next step in Reaktor's evolution. Through investing they will be able to use their company's talent to work ground-up with startups. Startup founders will be able to concentrate on their core product, while they help with financial and product assistance.