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October 12, 2006
Silicon Fjord Gets Main-stream Media Attention
BusinessWeek shouts out to Scandinavia's "Silicon Fjord" providing evidence to prove that the investment climate there is warm.
+ Swedish companies alone raised $1.07B in startup and growth capital last year, according to the European Venture Capital Association. That nearly matches the peak set in 2001 and is more than twice the amount raised in the trough year of 2003.
+ Rebtel, a Swedish company that offers free mobile phone calls using Voice over Internet Protocol (VoIP) raised $20M from Index Ventures and Benchmark Capital.
+ Trolltech booked sales of $17.7M in 2005 and listed on the Oslo Stock Exchange earlier this year.
Read - Tech Stars Brighten Northern Skies (Business Week)
Posted on October 12, 2006 05:32 PM | Posted to Venture Capital | Permalink
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