In addition to our monthly curation of all of the investments, exits and top stories, we now take a look each month at the ones that we believe to be of particular significance, and drill down a little deeper into each of them. So, without further ado (we're already late!) here's what we consider to be November's most significant investment, exit and story.
Icelandic CCP raise $30 million more in VC
CCP have been around for quite sometime now, and with EVE Online, have a very strong claim of being Iceland's biggest tech success. They've now raised $30 million more to build on this, and particularly to focus on VR, an opportunity that is still in its infancy, yet one that offers huge potential. Their game Gunjack has recently arrived on the Gear VR equipment for Samsung and EVE Valkyrie will come out next spring on Oculus Rift and subsequently PlayStation VR. CCP's latest investment has even prompted some to declare Iceland as the perfect place as a VR hotspot, and Inc have even written an article entitled 'Inside Iceland's VR boom'. While I'm not sure a couple of investments can be called a boom, I certainly feel Iceland and CCP have a lot of potential in the VR space, and I'm certainly hoping they can fulfil it.
Cisco acquires Norwegian-founded Acano for $700 Million to enhance video conferencing capability
The most incredible thing about this exit, was that the founders of Acano had already sold a company to Cisco before, and Acano and Cisco have quite the history. In 2009, Cisco acquired a company called Tandberg. And the CEO of that company was Fredrik Halvorsen, who is the Chairman of Acano. He went to Cisco for a bit then ended up at Acano, where a lot of the previous Tandberg employees defected to as well, and now after this acquisition will be back at Cisco again! Even more intriguingly, Norwegian media reported that the former CTO of Tandberg who stayed at Cisco, was heavily involved in the decision and transaction to acquire Acano. I wonder what the odds are on a hat-trick....
500 Startups files for a $15 million fund to back more than 100 Nordic startups in the next few years
It was no surprise to see 500 Startups announce a fund to go alongside their pre-accelerator in Oslo and their upcoming Distro Dojo in Stockholm. This is a classic strategy from 500 when they move into new territories, but even though its not a surprising move, its certainly a welcome one, with the Nordics in need of more prolific early-stage investors. They certainly haven't been slow to act either, as along with the fund announcement, they also revealed who they had already backed in the region, and chief viking Sean Percival has certainly been busy. We took a look at the investments 500 have already made in order to get a better insight into what they may be looking to invest in going forward.
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