May 2015

SILICON VIKINGS--BUILDING A BORDERLESS COMMUNITY SUPPORTING INNOVATION 

 

Our new Spotlight Membership is off to strong start and is an effective way for your company to stand out within our large network! The 50% discount on these programs ends 5/31 so sign up now!

 

Silicon Vikings is a network of nodes with the mission of building a borderless community
supporting Nordic and Baltic innovation and entrepreneurship in accordance with global best practices, with a close connection to Silicon Valley's unique and leading innovation and entrepreneurship ecosystem. Our network continues to grow with an additional 3,300 people added so far in 2015!  

 

Sincerely,

 

Charlotte Danielsson

Executive Director

 

email:  charlotte.danielsson@siliconvikings.com

LinkedIn 

social media:  https://koik.me/siliconvikings 

ARE YOU A DIGITAL HEALTH COMPANY INTERESTED IN PITCHING AT OUR 6/16 EVENT?

We are looking for startups in the Digital Health area that are interested in pitching at our first Digital Health SIG event on 6/16. If you are interested in being considered, please email Aaron Brown asap at:   abrown@myhealthchampions.com

SILICON VIKINGS EXPANDS TO INCLUDE NEW DIGITAL HEALTH SIG.
 

There is no doubt that the digital health revolution is very important in terms of supporting consumers in their pursuit of healthy lifestyles and health management.  Digital health embodies health, healthcare, living, and society. The benefits of work in this space include the empowerment of consumers to better track, manage, and improve their own and their family's hestethoscope_dr_pad.jpgalth. In healthcare, digital technology is also helping to reduce inefficiencies in delivery, improve access, reduce costs, increase quality, and make healthcare and healthcare services more personalized and customized.  To meet current and future challenges, global healthcare systems need disruptive change.

 

Venture investment in the U.S. digital health in 2014 reached $4.1 billion, a 125% increase year-over-year. Remarkably, aggregate investing in digital health surpassed that in traditional healthcare and medical devices for the same time period. Globally, the mobile health market is expected to reach $32 billion by 2019.  The U.S. is not the only country leading in mobile health adoption.  In Europe, Denmark is a leading nation in innovation according to a survey published by market research company Research2Guidance.  Finland, the Netherlands, Sweden, and Estonia appear to have similar rates of patient engagement in new health-related technologies according to the survey.

 

We believe that the essential components of digital health include wireless devices, hardware sensors and software sensing technologies, microprocessors and integrated circuits, the Internet of Things, social networking, mobile/cellular networks and body area networks, Health IT (aka health information technology), genomics, and personal genetic information.

 

The goal of Silicon Vikings' new Digital Health SIG is to promote the technology, business and human exchange of innovation, and solutions between the SF Bay Area and the Nordics/Baltics through information, education and fellowship among the digital health communities.

 

Our first Digital Health event will take place on Tuesday 6/16.  Please visit our Event Calendar for more information.

 

DENMARK'S APORTA DIGITAL IS THE NORDIC CONTENDER AT WORLD CUP TECH CHALLENGE!

Silicon Vikings is a Global Outreach Partner for this year's SVForum's World Cup Tech Challenge....and tickets are going fast! Don't miss your chance to see amazing tech startups from all over the world compete for the Cup at the World Cup Tech Challenge on June 4th, 2015 at Microsoft in Silicon Valley! Get your tickets for 25% off with code WCT25. We'll see you at kickoff! Visit http://www.worldcuptech.com/ for tickets.


IN THE SPOTLIGHT.

 



As dealmakers in technology, GP Bullhound provides independent strategic advice on mergers and acquisitions and private placements to entrepreneurs, companies and investors. By combining a true passion for innovation with great access to global buyers and capital across Europe, US and Asia, GP Bullhound has completed transactions with many category leaders including Avito, Delivery Hero, Fjord, King.com, Pingdom, Pozitron and Spotify. The firm was founded in London in 1999 and today also has offices in San Francisco, Stockholm, Berlin and Manchester. For more information please visit www.gpbullhound.com

 

Contact person:

Per Roman

Managing Partner

Per.roman@gpbullhound.com

+46 8 545 074 14

 


CELEBRATING THE BEAUTY OF THE NORDICS: A PHOTO COLLECTION OF STOCKHOLM IN SPRING
 

Original Photos and Photos of Silicon Vikings events found 
on our Flickr page.


Visit our FAQ page for more information about the Nordics, including information about where the main Tech Startup Hubs are, Tech Startup Databases & Maps, Startup Blogs, Nordic Event Calendars, Nordic Investors, finding a job or studying in the Nordics.


THIS MONTH'S TECH HIGHLIGHTS FROM THE NORDICS/BALTICS

 by Fredy-Edwin Esse


 

There's no slowing down the Nordic entrepreneurial spirit and the past month has been a great example of that. Deals and news came flying in on a daily basis, so let's take a look back at the action from the Nordics and Baltics.

 

Lithuania

 

The space industry may soon be the next huge thing that every engineer, entrepreneur and venture capitalist will want to be apart. Lithuania's Practica Capital is trying to get a head start and has invested ?200,000 in one of the first space startups in Europe - NanoAvionics. The company was founded as a spin-off of Vilnius University in 2014 with their founder members being apart of the LituanicaSAT-1 project.

 

Place I Live is definitely a company that people should start paying attention to. The Lithuanian startup expanded its services at the end of April to New York, London, San Francisco, Chicago and Berlin. They help people who move within or to these cities to make more informed decisions and allow property owners access to a quality driven channel for selling or renting their properties. Place I Live is currently raising a follow-up round of $600,000 with soft commitment of $300,000 from previous backers.

 

Sweden

 

Although not so active during the first half of spring, the Swedish startup scene has been on fire during the last month. Incentive announced a few weeks back that they have raised ?1.5 million in investments from previous and new investors, bringing the total tally of raised money to ?3 million. The company is developing a kind of work related Facebook for individual companies.

 

Two companies were able to raise $5 million during the past month. One of them, Automile, closed a $5 million Series A round, led by Dawn Capital and Point Nine Capital. Automile, which offers a device and platform that connects your car to the cloud to track various kinds of data, will use the money to expand globally and continue developing new services for car owners.

 

The other company to raise $5 million was the eye-tracking startup Sticky which too closed a Series A round that was also led by Dawn Capital. Previously known as EyeTrackShop, Sticky offers analytics tools that allow online advertisers and publishers to track where you're looking. Sticky has now raised a total of $11 million.

 

Denmark

 

Bitcoin has not gone the way of the dodo and is still very much alive. Danish startup Coinify is doing its best to capitalize on the success of bitcoin and at the same time helping to popularize the crypto currency. The digital currency provider expanded to all of the 34 European SEPA countries, where people can now buy and sell bitcoins through Coinify.

 

The Danish government has decided to increase its government support for startups. The Market Development Funds announced late April that they'll be giving funding to 19 innovations totaling over ?6.5 million. The aim is to help startups and enterprises bring new products to the market faster. The best part for the startups is that the funding will come in the form of grants, meaning no dilution of ownership.

 

Estonia

 

Big news coming from Estonia where Pipedrive announced it raised $9 million in Series A funding led by Bessemer Venture Partners. Pipedrive, which offers customer resource management software to manage and increase sales, has witnessed great growth by having more than 10,000 paying small business customers and a team of nearly 80 people based in Tallinn, Estonia and Palo Alto, California. With the latest round the company has now raised a total of $13.4 million.

 

Estonian taxi ordering app Taxify is making a hard push to stay in competition with Uber. After launching in-app payments with debit and credit cards in the Baltics, Finland and Netherlands, Taxify has now rolled out mobile carrier billing in Estonia, which makes it the first in the world to offer mobile carrier billing for taxis. On a side note, last week Uber finally launched its service in Tallinn, giving Taxify a legitimate competitor in its home market.

 

Latvia

 

The biggest news from Latvia came at the start of May when IAC-owned and Latvian born social network Ask.fm acquired the entire team behind recipe network Foodily. According to the companies these nine team members will now be tasked with the continued development of Ask.fm's Q&A platform, while Foodily website and mobile app will be maintained by a separate division within IAC. Terms of the deal weren't disclosed, but Foodily had raised $7.7 million in outside funding since founding back in 2010. The new team members will join Ask.fm in both its Oakland, California and Riga, Latvia locations.

 

Finland

 

MyNextRun, a service that helps runners discover and sign up for running events, announced just last week that it has raised ?1 million in the latest financing round. A total of 70% of the rounds investments were made by private investors. MyNextRun.com lists a total of 14,000 events and has currently 600 partner events around Europe.

 

Finland looks extremely competitive in the startup health scene where we hear more and more success stories. The latest is MeeDoc, which announced a ?3.5 million investment from XLHEALTH, a digital health VC. MeeDoc allows users to connect with a doctor via chat or video call, which cuts down costs compared to visiting a normal doctor. The startup will use the money to launch their service across Europe.

 

Norway

 

Since we didn't really hear much news from Norway (let me know if I missed something important!), let's take a look ahead. A very peculiar event is taking place in Norway June 17-19 called Startup Extreme. Only 300 attendees will be selected by a panel, so hurry to apply for an invitation. Held in the mountains of Voss, the event will take entrepreneurs outside for small group sessions, talks, different outdoor activities and will offer plenty of good Norwegian food.

 

 

 

 

SILICON VIKINGS CONGRATULATES THE NORDIC STARTUP AWARDS GRAND FINALE WINNERS!
Founder of the Year: Kristo Ovasko
Developer Hero:  Martina Elm
Best Social Entrepreneurial Tech Startup:  Be My Eyes
Best Accelerator Program:  Startup Reykjavik
Startup Journalist of the Year:  Neil Murray
Best Office Space:  Mesh
Best Bootstrapped:  Dirtybit
Best Professional Investor:  Creandum
Best Newcomer:  Smartly.io
Startup of the Year:  Falcon Social
Peoples Choice Award:  Unipegma

SILICON VIKINGS.  WHO WE ARE.

Silicon Vikings is a 20,000+ network headquartered in Silicon Valley with nodes throughout the Nordic and Baltic regions in Copenhagen, Oslo, Stockholm, Helsinki, Tallinn, Vilnius and Riga.  Our node in Reykjavik will open this year...and we are contemplating opening nodes in Gothenburg and London as well.  We offer events at each local node plus our new NODEconnections series will provide real-time collaborative events between Silicon Valley and the Nordic and Baltic nodes.


If you are interested in joining any of Silicon Vikings' Nodes, please click on the link below to register (no cost):
THANKS TO OUR MAIN SPONSOR!