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Jul
13
2015

Pulse of Latvian startup scene: Week #28

Rietumu fintech finalist Swipe launched their product, iTech Capital invested in BitFury, and more. 

 Swipe launches its product

One of Rietumu fintech finalists - Visa and Mastercard processing solution Swipe has launched its product this week. 

Find out more on their webpage.

iTechCapital invests in BitFury

The Russian-Cyprus VC that recently relocated to Riga iTech Capital participated in BitFury $20 million round along with The Georgian Co-Investment Fund and DRW Venture Capital, as Coindesk reports.

The round brought the company's total attracted investment to $60 million, which makes it double that of rival KnCMiner ($29m) and over half of the total investment in mining infrastructure to date ($116.5m). 

Read more on CoinDesk

Sorry as a Service admitted to TechStars London

Estonian business apology startup Sorry as a Service co-founded by Sabīne Sipunova has been admitted to TechStars London - one of the world's top accelerators with below 1% acceptance rate. The team is excited to roll out their product with the help of TechStars London team. 

Read more here

FROONT opens its editor to Firefox browsers

#LVstartup FROONT, the easy web-design tool that has served countless startups worldwide, announced this week that they are now open for Firefox browsers. Firefox remains world's second most popular browser,  so this opens FROONT to many potential users.

Printful moved to a bigger office

100 dollies, 4 trucks and a forklift - all of that helped Printful say  goodbye to  their old office in Burbank, and hello to their newer, bigger home in Chatsworth.

Find out more and watch the timelapse video of the big move here

Tawk.to building a new office in Riga

The free 24x7x365 live chat application Tawk.to has shared photos of their soon-to-be new Riga office. See all pictures here

Two Commercialization Reactor startups incubated in MINC (Malmo, Sweden)

Two science-based startups - NanoOptoMetrics and Koatum have spent three intensive days in Malmo, Sweden. The companies were incubated at MINC incubator. At the end of the three-day period participants presented to Swedish state investment agency. 

First #LVstartups radio broadcast 

This week the official Latvian startup radio broadcast kicked off. Led by our board member Ernests Stals, the program on 101 FM featured the co-founder of Sellfy and TechHub Riga Maris Dagis

#LVstartups June overview

What have #LVstartups been up to in June? Funding rounds, traction, dealflow and more in our June overview on ArcticStartup

Applications for Rising Stars title open till Aug 15

Latvian exporters' movement The Red Jackets is looking for #LVstartups to nominate for the annual Rising Stars competition.

Read more and apply here

Applications for Blue Growth competition open till Aug 30

Is your startup idea related to water, natural resources, coasts and seas? Blue Growth competition may be just right for you. 

Read more and apply here