There are so many interesting stories out there, and unfortunately we don’t have the time to cover all of them. With our section “Worth reading”, we provide you once in a while with some links to interesting articles by other publications:
Fruugo is shutting down its office in Helsinki. ArcticStartup had a discussion with Fruugo’s CEO about the transition from Finland to England (Update – February 2023: Arctic Startup seems to be no longer in business under this website and we therefore deactivated the link). During the height of the e-commerce startup’s activity, Fruugo employed some 150 people. Today, as the company is shutting down its Helsinki office, the move affects less than 10 people.
Rocket Internet, the incubator backed by the Samwer brothers, is netting $200 million from US billionaire Len Blavatnik’s Access Industries, industry sources report. In terms of direct investment, that sum would place Access Industries second behind Swedish investment company Kinnevik. Visit VentureVillage to find out more (Update – February 2023: The article seem to be not visible anymore, and we therefore deactivated the original link).
ThingLink, a platform for tagging things inside images, has acquired Pixboom, an interactive image tagging service for the Swedish fashion industry (Update – February 2023: The startup seems to be no longer in business under this website and we therefore deactivated the link). The terms of the deal were undisclosed, but we understand it was an ‘acqu-hire’ in that ThingLink, wanted to bring the Pixboom team on board. Read more on TechCrunch.
Deutsche Telekom‘s CEO René Obermann just announced the launch of a new startup incubator called hub:raum (Update – February 2023: The startup seems to be no longer in business under this website and we therefore deactivated the link). With hub:raum, the European telco giant aims to tap into Berlin’s hot startup ecosystem, and beyond. The incubator will provide up to €300K in seed funding, access to a mentor network, Deutsche Telekom resources and technical expertise. Find out more on TheNextWeb.
Zynga has decided to launch a US lawsuit against French gaming firm Kobojo for using the suffix ‘ville’ in the title of their popular game PyramidVille. Apparently Zynga requested that the startup change the name of PyramidVille but Kobojo refused to so. Zynga also asked for damages equalling 3X the profit that Kobojo generates from PyramidVille. Read more on TheRudeBaguette (Update – February 2023: The article seem to be not visible anymore, and we therefore deactivated the original link).
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