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Scandinavia has given rise to some giant startups. Despite a relative lack of VC funding compared to places like Silicon Valley, entrepreneurs in countries like Sweden, Finland, Iceland, Norway, and Denmark have developed companies that have changed the world.
You probably don't realise that some of the world's biggest video games, streaming sites, and hardware manufacturers hail from the cold of Scandinavia - but they do.
24. Yoogaia
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Yoogaia is one of Finland's newest and most interesting startups. Founded in October 2014, CEO Mikko Petaja has a small team of four people, but has clearly found a niche in an increasingly popular pastime. Yoga is huge, and he's made it accessible and cheaper online. It brings live instruction to people anywhere in the world by conducting classes over web cam. Yoogaia has been given $630,000 in seed funding to launch the first online, interactive yoga company.
23. Bungalo
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Bungalo is an Icelandic accommodation service that focuses on providing cottages through local families who can help visitors explore the area and culture. It offers a more personal B&B-style experience. It was founded in 2010 and last year expanded to launch in the Canadian market. CEO Haukur Gudjonsson leads a team of seven staff.
22. Blendin
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Blendin, founded in 2013, secured $100,000 of seed funding in April 2014. It's a new social networking app from Iceland that aims to connects friends who are going out. It pools together information for popular night spots and connects friendship groups all together so that everyone knows the evening plans instead of having to call or message people on WhatsApp, for example. It was nominated for the Nordic Startup Awards last year.
See the rest of the story at Business Insider
