Helsinki-founded e-commerce personalisation startup Nosto has raised $7.4 million in a funding round led by Tesi, OpenOcean, and Idinvest. The company plans to use the capital injection to fuel its international expansion and further develop the machine learning core of its product. Nosto is a comprehensive solution for e-commerce companies that analyses customers’ behaviour on […]
Helsinki-founded property buying startup Kodit.io has landed €1.7 million in a round led by Speedinvest x and Norwegian international media group Schibsted, with Icebreaker.vc providing additional funding. The company is currently working on the markets of Finland and Estonia and plans to expand to Southern and Eastern Europe. The Finnish startup provides homeowners who want […]
Helsinki-based startup Altum Technologies has raised “several million euros” in a Series A funding round led by Maki.vc to fuel its expansion into the US. Lifeline Ventures, which invested in Altum’s seed round in 2016, also participated in the current round. Founded in 2016, Altum uses ultrasound to penetrate the walls of liquid-carrying industrial equipment […]
Rovio Entertainment, the Finnish company behind Angry Birds and other games, will be laying off 110 employees, fewer than the 130 people it previous estimated, closing its Tampere studio to boot.
Rovio Entertainment, the Espoo, Finland-based maker of Angry Birds and other games, will need to lay off up to 130 people in its home country as a result of slower-than-anticipated growth.
Mikael Hed, Angry Birds maker Rovio’s co-founder and chief executive officer, will be replaced at the helm by current CMO Pekka Rantala at the beginning of next year, the company just announced.
Finland-based Angry Birds creator Rovio has received a 25 million euro facility from the European Investment Bank to spur its growth. Expect more these types of transactions to occur in the future.