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Jul
11
2016

The pulse of Latvian startup scene: Week #27

#StartinLatvia wins first deal in nanotechnology, finds 100,000 users for a mobile app and more.

String lights project Moodberries launches Kickstarter campaign

Following an unsuccessful Indiegogo crowdfunding campaign, the LED string lights project Moodberries has launched a new crowdfunding campaign on Kickstarter. Thus far, USD 4,700 has been contributed by 60 supporters, while the target is USD 26,000.

The product is available in two versions – standard, controlled with a button, and a Bluetooth version that is controlled via a mobile app.

The Draugiem GroupcompanyGreyNut, run by KristiānsLīcis, is the developer of Moodberries string lights.

Startup Overly honored as Pride of Latvian Business

During the annual Business Pride Awards (Biznesa Lepnums 2016) ceremony on July 6, the main prize in the microenterprise category went to the computer programming company Overly. The company won the ‘Key to Success’ prize, made by artist Aivars Kerliņš, as well as the opportunity to place advertisements worth EUR 1,000 in the iBizness magazine.

Latvian mobile app Qfer has attracted 100,000 users

Qfer, a mobile app developed in Latvia, has attracted 100,000 users. Its upgraded version will be now launched on larger markets (the company is already developing an app for Lithuania).

At least 60,000 people use Qfer each month to find out information about special offers from cafes, restaurants and other services providers. The app can be used in devices running on Android and iOS. Users can order meals from food services providers like Čili Pica, Hesburger, Ghetto Burger, Turkebab, Can Can Pica, Wok to Walk and almost 150 other cafe and restaurant chains.

Latvian nanotech startup wins first deal

Latvian nanotech science startup company Nano RAY-T has sold its first chemical vapor deposition reactor to a French university. In the past three months, Nano RAY-T assembled and automated the reactor, which will be used to educate students and researchers about growing aligned carbon nanotubes.

Potential practical applications are wide, ranging from advanced x-ray scanners to fireproof professional uniforms.The first official sale has provided cash flow and market validation for Nano RAY-T products.

New startup aims to cut property management bureaucracy

A new startup promoting the real estate management platform Rention in Latvia, Lithuania, and Estonia hopes that the new solution will reduce home management bureaucracy. Professionals from different industries have contributed to the development of the Rention platform. Investors in the project are the English/Russian fund Shvest Limited and businessman Rolands Feldmanis.

The Rention project came about as experts were tackling various real estate problems in several European countries. A test version of Rention is available for users at www.rention.com.