Nosto Closes $5.5 Million Series A Funding Led by WellingtonNosto Solutions, the market leader in e-commerce personalization, has secured a $5.5 million round of financing led by Pan-European venture capital firm Wellington Partners with participation from existing investors Open Ocean Capital and SanomaVentures, along with Tekes, the Finnish Funding Agency for Innovation.
SanomaVentures invests in Roomlr, the search engine for holiday homesRoomlr Amsterdam, 26 February 2014, SanomaVentures is investing in Roomlr.com, the international search engine for holiday rentals. With its database of 1.4 million locations, Roomlr offers a new and fast, easy alternative for finding a holiday home or apartment anywhere in the world.
SanomaVentures is the external venturing arm of European media & learning group Sanoma Corporation. Its aim is to support digital start-ups by offering capital, media exposure, expertise, network and strategic and financial support. SanomaVentures focuses on early-stage strategic investments in innovative companies within the following six segments: consumer web, mobile & tablet apps, video & TV, online advertising, e-commerce and education. SanomaVentures has offices in Amsterdam and Helsinki and has invested in Scoupy, Peerby.com, Vault79.com, VirtuaGym.com, Brandkids.com, Nosto.com, Fosbury.co, WappZapp.tv, ippies.nl, Mijn AutoCoach, FashionQlub.com, Springest.com, Wugly.nl, Roomlr.com and Socialshop.nl.
SanomaVentures is part of the Sanoma Corporation, one of the leading media and learning companies in Europe. We entertain, inform, educate and inspire millions of people every day &mdash across media in multiple channels. We employ over 10,000 professional employees operating in Europe. Our key markets are Finland, The Netherlands, Belgium, Sweden and Central & Eastern Europe. In 2013, Sanoma’s net sales totalled EUR 2.1 billion. Sanoma ($SAA1V) is listed on the NASDAQ OMX Helsinki stock exchange.