Danish Family invests their new fortune in Famly
After selling 75% of the toy group Top-Toy, Peter and Susanne Gjørup has become one of richest families in Denmark. The Top-Toy group includes prominent toy brands such as BR and Toys’R’Us and was sold for an amount of € 230 million (DKK 1.7 billion). The Gjørup family now intend to invest their new fortune […]
PinMeTo plans to raise € 3.2M in investment and grow further
With the plans to grow, in both customers and employees, and extend their services to over 16,000 stores globally, PinMeTo plans to raise 30M SEK (€ 3.2M) in an investment round towards the end of 2016. “A big part (of the investment) will also go to marketing and product development to broaden our offer,” says Daniel Melkersson, CEO and co-founder […]
:agile Nordic open their doors for new applicants
The Malmö-based accelerator program :agile Nordic have recently opened for applications for their fall round. This will be the second batch of entrepreneurs to participate in the program. As part of E.ON, :agile is a program designed to aid startups in the energy sector. They, therefore, invest both capital and knowledge in startups that develop smart […]
Realm reaches 1 billion users
Realm has reached a major milestone: more than 1 billion end-users use the iOS & Android apps that it powers. Realm has become a key component of the global mobile infrastructure: if you order a latte on the Starbucks app, post a video on Vine — or use mobile apps from Amazon, Google, eBay, Alibaba, […]
Pleo awarded the Best Startup at Pioneers Festival 2016
Update: Not just best Fintech startup, Pleo won the entire contest, becoming the Poineer Challenge winning Startup 2016! Fintech startup Pleo that offers smart company payment cards for employees has been awarded the Best Fintech Startup and a Top 7 finalist startup, selected from more than 3 000 company applications from 92 countries, at the […]
Solar energy company from Lund raises 17$ mln
Sol Voltaics, Lund-based company that works with nanomaterials to improve the efficiency of capture and generation of solar energy, raised 17$ mln (over 140 mln SEK) in grant funding. Series C was led by Riyadh Valley Company, the venture capital investment arm of King Saud University in Riyadh, Saudi Arabia, revealed in the official press […]
Mofibo acquired by Storytel for € 13.5 million
Mofibo, the online book streaming service, announced last week that they have been acquired by Storytel. The deal is worth 100 million DKK, € 13.5 million. Mofibo was founded in 2013 by Morten Strunge, who previously in 2011 sold his company Onfone to Danish mobile operator TDC, and also just was in the news for […]
Fieldly’s success leads to global expansion
Fieldly, a Sweden based company is expanding globally and to achieve their goal the company is planning on taking in financing in the amount of 50 million SEK (€ 5.3 million). “We see that interest in our product is growing in Scandinavia and Europe and it is growing organically. We are not in need of […]
Falcon Social becomes Falcon.io
Recently Falcon Social unveiled a new brand identity and a name change that signals focus on complete handling of company interaction across all digital channels, not just social media. The startup, now grown to more than 230 employees, has announced they changed name to Falcon.io. “Imagine having visibility over an individual’s entire digital storyline – […]
Ebay acquires artificial intelligence software developer from Malmo
Expertmaker is a Malmo-based company that works with artificial intelligence since 2006. Among company’s customers are Vodafone and Ebay itself, that has been Expertmaker’s partner company since 2010. The detais of the deal are not disclosed. But as a result of it, Ebay will take over Expertmaker’s employees and the founder and CEO Lars Hård […]