What time is it in Denmark? No one's sure, because their watches haven't shipped yet. Leikr, the GPS sports watch we mentioned briefly on our Crowdfunding roundup has hit their ambitious quarter of a million dollar goal three days before their deadline, coming to a final backing of $267,389.
SEED Capital points out that this makes them the biggest Danish success on Kickstarter.
Editor's note: This post is part of a series of posts published in co-operation with Elance, the leading source of outsourcing talent in the world. Elance is also supporting our ArcticEvening Copenhagen on May 31st.
Vivino is Denmark-based startup that is looking to change the way people enjoy wine around the world. According to one of Vivino's investors, Niels Vejrup Carlsen of SEED Capital, the global wine market is four times that of the music industry and Vivino is aligned well to take on that market. The company raised a round earlier this year from SEED Capital in Denmark to go global with their new mobile app.
The new version of the mobile app allows users to get information and recommendations on almost any wine. The app already boasts a database of more than half a million bottles. The app is free and available for Android and iOS -based devices.
The Vivino app works so that once consuming a wine, you can take a photo of the bottle and then register it into your library, where you can rate it and remember it the next time. The website also has social extensions allowing you to follow the most savvy wine enthusiasts and see what they are enjoying. Each wine in the system is also ranked within the winery, region as well as globally.
Here's some nice news for Danish entrepreneurs: SEED Capital has raised another €20 million for SEED Capital Denmark II, their fund focused on Danish investments. This brings the total investment fund to €91 million, which will allow them to invest in three to four additional companies in the next year, as well as provide more capital per investment. SEED Capital Denmark II was established in 2010 and has already invested in 10 companies.
You may remember our coverage of the Danish Daily Deals market was provided by Bownty, a daily deals aggregator that has its finger on the pulse of the deals market in several countries across Europe. The Danish company recently announced it has received half a million euros from SEED Capital to expand its growth and its partnering program.
Trustpilot, a rating service for online shopping, announced it has received €3.3 million in funding from two Nordic venture funds – SEED Capital and Northzone. The company allows a user to look at a single metric to see if they will probably have a pleasurable shopping experience. Aside from the value it provides between customers, the service is also helpful for online businesses to communicate their strong customer service by adding independent reviews to their site.
Endomondo, the company developing a mobile sports tracker application by the same name, has announced its $2.3 million financing round from Denmark based SEED Capital. Endomondo was launched in September 2008. The company's mobile app has gained substantial traction since February, when we reported it reached a previous significant milestone of 2 million downloads.
TrustPilot, a Danish company review site, has closed 5.5 million Danish Kronor (almost 740 000 euros) in funding from SEED Capital. TrustPilot enables consumers to review and rate companies based on their experience and service they received. The site has half a million users on a monthly basis and the user base is constantly becoming more international. The business model is simple and almost obligatory for companies. With a monthly subscription, companies can engage in the reviews and comment back regarding individual reviews. The service has signed up more than a 1000 companies to date.