One Minute Startup News: Ascend Capital Partners

Articstartup.com - Ascend Capital Partners’ investments in was featured in the Articstartup's Startup News. Read the full transcript of the video below.

We are seeing a massive flow of Chinese money into Finnish startup ecosystem. The first news came from COMB+, the business accelerator, and Beijing Institute of Collaborative Innovation (BICI). Together, they created a new Artificial Intelligence Fund with a target size of €65 million. The fund will focus on international technology startups entering the Chinese market.

We already saw once success case from the Finnish company called Flexsound that was able to open a sales channel in China in only three weeks.

But that’s not it. We’ve got some news from our friends, the San Francisco agency, about Ascend Capital Partners that invested just as much as €24 million in four early-stage startups from Finland.

Ascend has invested in 2 healthcare imaging companies – a Tampere-based Grundium OY, that builds a portable digital microscope scanner, and Helsinki-based Fimmic OY, which uses deep learning AI technology to provide diagnostic support for researchers and healthcare professionals in image analysis. Besides that, Ascend also invested in 2 Finnish companies from the automotive sector. The first one is Canatu OY from Helsinki, which develops and manufactures 3D formable and stretchable films and touch sensors for cars. And Oulu-based TactoTek OY, which produces Injection Molded Structural Electronics, a technology that can be used in car overhead panels with LED lighting and seamless touch controls.

Find the original video here: http://arcticstartup.com/one-minute-startup-news-ascend-capital-partners/