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Startup Sauna Puts Some Money Where Its Mouth Is, Secures Inventure Backing

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http://techcrunch.com – Startup Sauna has always been a slightly puzzling thing. It acts ike an accelerator but does not fund startups. It simply offers European (mostly from Nordic countries) and Russian startups coaching sessions and demo trips to Silicon Valley, and takes no equity. That’s because it is funded by Finland’s Aalto University and the Finnish Funding agency for technology and innovation. However, it has its uses. It’s now announced an open term sheet agreement with venture fund Inventure. The fund will now offer seed funding to Startup Sauna’s best teams – so now there is rea (IT news)