VENTURE CAPITAL POST

In America, employees work an average of almost 47 hours a week and rather choose to have more flexible time on the job than less time. Normally a full-time employee works 40 hours or more in a week but at some Swedish firms, work period is cut to 30 hours. Studies showed that lesser hours of work makes employees more productive and promotes better morale, according to CNN Money.

US social media giant Facebook entered the fitness arena with its acquisition of Helsinki, Finland-based mobile fitness tracking app maker ProtoGeo Oy for an undisclosed amount to beef up its mobile app portfolio.

Helsinki, Finland-based corporate wellness startup HeiaHeia scored €1.5 million in its first funding round led by Wallstreet Financial Services for its international expansion, marketing improvement, and product development.

Helsinki, Finalnd-based chemical industry group Kemira announced that it will acquire the alkyl ketene dimer (AKD) emulsion unit of Ludwigshafen, Germany-based chemical giant for an undisclosed sum.

Medical and pharmaceutical firm GE Healthcare Finland is planning to free up several floors in its Helsinki complex to transform the area into a corporate space where startups can collaborate and hold office.

Nordic mid-market private equity firm CapMan Buyout picked up a majority stake in Finland-based luxury and lifestyle hotel chain Kamp Group for an undisclosed sum for the expansion of the group's operations.