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Xiha gets 1M USD funding and Jyri Engeström joins the BoD
TechCrunch Europe just came out with the announcement from Xiha:
http://eu.techcrunch.com/2010/01/25/xiha-life-secures-1m-and-adds-jaikus-engestrom-to-board/
This is also the very first Vigo -deal, making it the pilot case and first fruit of the whole Vigo growth company financing and acceleration programme. As I mentioned in my last blog entry I have been in the Vigo steering group since last fall. Glad to see the programme working and in action.
With more proper funding Xiha is quite certainly hiring. So keep on eye on the job postings, especially if you are well versed in the art of PHP programming, statistics science and agile methodologies.
Cool stuff! Yet another good finnish startup gets a real chance at going out there and shining like the star they are!
Gratz to Jani + team for closing this at a very demanding time.
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Hi. My name is Taneli Tikka. This is where I preach what I practice. I'm a
serial entrepreneur and a startup activist of sorts. People usually know me
from my past and present consumer Internet service projects: IRC-Galleria,
Dopplr, Muxlim, StarDoll, RunToShop, Vakuutuskone.com, and a bunch of other stuff. My
"proper" bio is behind this link. Glad to see you here, thanks for browsing
around.
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Official announcement
Tue, 2010-1-26 21:01 – taneliHere's the official announcement from Xiha:
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Sunnyvale, CA – January 26, 2010 – XIHA Life (www.xihalife.com), the world's first truly multilingual and multicultural social network, announced today that it received $1 million in seed funding. Veraventure led the round, joined by international angel investors and the company founders. XIHA Life also announced that Jyri Engeström, former Google Product Manager and co-founder of Jaiku, is coming on as a new member of the board, joining Jan Achrenius and chairman Ville Miettinen.
XIHA Life connects the people of the world through a multilingual, cross-cultural exchange. Simultaneous, real-time translation allows XIHA citizens to share travel tips, pictures, music, videos, games, knowledge and personal perspectives. By transcending language barriers, XIHA allows users to make new friends from around the globe rather than merely reconnecting with high school acquaintances. Users can create blogs and homepages—or link to other social media—to share their personal experiences. XIHA community members live in over 200 countries, with no country accounting for more than five percent of total traffic. XIHA is based in Sunnyvale, California, Switzerland and Finland.
“New features like the unlimited HD video uploads and knowledge exchange have ratcheted up our organic growth to an astonishing rate, giving us over 700,000 members to date,” said Jani Penttinen, XIHA Life co-founder and CEO. “The new capital infusion will enable us to accelerate mobile platform enhancements and global outreach. We are also delighted to welcome new board member, Jyri Engeström, who brings invaluable Google-scale experience to the ongoing extensions of XIHA’s social infrastructure, including mobile phone support.”
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The partnership with Mysites.com is behind the unlimited HD video sharing.
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