SOURCE: Dazzboard

Dazzboard

February 16, 2010 09:00 ET

Dazzboard Receives $1.5 Million Funding

Former NOKIA Ventures Organization Head, Timo Teimonen Joins Board of Directors for LinkoTec, Creators of Mobile and Portable Device Management Social Webtop Dazzboard.com

SUNNYVALE, CA--(Marketwire - February 16, 2010) -  LinkoTec, the creators of Dazzboard -- the ultimate social media webtop -- today announced that it has received $1.5 million in seed funding to boost Dazzboard growth and expansion globally. The funds will be used to accelerate product development and expand sales and marketing efforts globally. The investment round was led by HTT Sixgen and was followed by contributions from Veraventure. In addition to Timo Teimonen -- formerly a head of Nokia Ventures Organization -- the company board of directors is adding Mats Therman, partner at HTT Sixgen, and Tero Salonen, a serial entrepreneur and CEO and co-founder of Dazzboard.

Dazzboard 2.0 provides users with instant webtop connections to all of their media on a wide variety of platforms: mobile, portable devices, PCs, cloud storage and social media networks. And unlike proprietary individual device management programs, Dazzboard accomplishes this with no downloads and no applications, the Dazzboard media manager is completely browser-based. The user experience is akin to that offered by iTunes, but for all portable devices; an Open iTunes.

"The mobile media market is rapidly changing and needs open alternatives for vertical vendor-locked services which are limited to one devices only," commented Mats Therman, Partner, HTT Sixgen. "HTT Sixgen is pleased to invest in one of the most promising global mobile start-ups providing open alternatives for the growing mobile content market."

"Veraventure is excited to invest in this excellent team and their impressive technology, which has proven success and future potential in just the short year since its beta launch," commented Hannu Jungman, manager, Veraventure.

"I am very happy to have HTT, Veraventure and our new board members join us to help build Dazzboard into a global success," commented Tero Salonen, co-founder and CEO of LinkoTec. "This investment will enable us to continue growing and to expand sales and marketing efforts globally."

About Dazzboard
Dazzboard is the ultimate social media webtop, providing users with seamless drag-and-drop connectivity to photos, music, videos and the Internet. Requiring no desktop application and eliminating the need for installing proprietary software for every portable device, dazzboard provides an elegant web 2.0 solution to universal media management. Dazzboard is headquartered in Helsinki, Finland. For more information, visit www.dazzboard.com.

About HTT Sixgen
HTT Sixgen is a Finnish, family owned, VC focusing on domestic high tech start-ups with global potential. The investment portfolio consist mainly of media related ICT companies with the addition of some companies developing personal recreational products. The Finnish innovation field has, during a long time been, high quality and very potential. But the lack of go-to-market enablers has kept the new start-up small. By combining the long term perspective of a family business with a deep involvement in the business, we can create an ideal environment for the entrepreneur to work in. Still, the team is what it's all about.

About Veraventure
Veraventure Ltd is a capital investment company in charge of the entire public early-stage capital investment activity in Finland. The company manages Aloitusrahasto Vera Ltd's direct investments in early-stage innovative enterprises. Veraventure's mission also includes the development of regional capital investment activities. In addition, the company manages the business angel network SijoittajaExtra. Veraventure is a subsidiary of Finnvera plc. The Finnvera Group provides financing solutions for the start-up, growth and international success of businesses.

Contact Information

  • Media Contact:
    Jessica Hasson
    Dazzboard
    323-710-3556
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