March 23, 2020
DAILY BRIEF: Funds for gaming studio, 5G, Moomins, brand licensing and design
Finnish brand licensing company Flowhaven sets up shop in Los Angeles.
All the daily Finnish business news that works: Mainframe Industries, Nokia, Moomins, Flowhaven and Finnish design make headlines.
Mainframe Industries secures funding for cloud-native games, Nokia helps LG Uplus with 5G roll-out, Gutsy‘s Moominvalley is coming to Germany, Flowhaven grows its brand licensing business, and iconic Finnish design makes Fortune’s top 100 list.
Finnish-Icelandic gaming studio Mainframe Industries has raised 7.6 million euros in Series A funding. The round was led by Andreessen Horowitz, with participation from Maki.vc, Play Ventures, Sisu Game Ventures, Crowberry Capital, and Riot Games. Founded less than a year ago by former developers at Remedy, CCP and Next Games, Mainframe Industries will use the funding to continue the development of an unannounced cloud-based massively multiplayer online game, as well as grow its teams in Helsinki and Reykjavik.
Finnish network equipment maker Nokia has started a collaboration with Korean operator LG Uplus to help to automate its IP transport and core networks, thus enabling it to launch 5G services faster and offer customers higher speeds and quality. The automation project will also enable LG Uplus to build and manage multi-vendor 5G transport networks with greater agility and at lower costs.
Gutsy Animation’s Moominvalley TV series has been acquired by German public-service television broadcaster ZDF to be shown on ZDF’s platforms and on children’s channel KiKA in Germany. The series is a new animated adaptation of the beloved Moomins created by late Finnish artist Tove Jansson. It has been sold to over 30 countries and has just aired its second season. Moomin Characters, the owner of the Moomin brand, has also partnered with Bavaria Sonor Licensing and appointed it to manage licensing in Germany, Austria and Switzerland.
Finnish brand licensing company Flowhaven has announced a new US office in Los Angeles, major new clients and key hires. The office is located in Santa Monica and includes Flowhaven’s new US director of sales, Thomas McMillin, former director of sports licensing at Walt Disney. The company has also filled the sales director position for Europe, Middle East and Africa with London-based toy industry veteran Jeremy Robinson. Flowhaven now has a team of more than 30 people across its permanent and satellite offices worldwide and has also secured several new clients with world-famous brands in their portfolios.
Six iconic designs from Finland have made it onto the Fortune magazine’s list of the greatest designs in modern times. These are the Nokia 3210 phone, Alvar and Aino Aalto’s Savoy Vase, Alvar’s Stool 60, Fiskars’s orange scissors, Eero Saarinen’s Womb Chair and Kaj Franck’s Teema tableware. You can read more about it in our breaking news article by following the link in the headline.
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