Finnish company DealDash attracts million dollar investment

DealDash combines social gaming with social shopping, with customers competing against each other for the best deal.

On the DealDash website customers can participate in an auction and follow the bids in real time. According to Wolfram, the service differs from traditional “penny auctions” by making it possible for a bidder who has lost an auction to buy an identical product from DealDash at a normal, non-discounted price and get a full refund on all credits lost while bidding.

DealDash employs nine permanent and 11 part-time staff. In addition to Finland, the company has offices in Silicon Valley and Manhattan. According to Wolfram, the capital injection will be invested in growth and hiring new employees.

Arctic Startup, founded in 2007, is the biggest technology website reviewing and reporting on technology startups and growth entrepreneurship from the Nordic and Baltic countries.

Sources: Kauppalehti, Tekes, DealDash, Arctic Startup