Icelandic challenger bank indó raises €1m in seed funding
The Icelandic challenger bank indó just announced having raised €1m in seed funding in three rounds, the last one having more than 30% excess demand. Investors…
The Memo: a16z invests in Iceland, Kría unveiled, and Covid and Startups
This post is from The Memo – our regular newsletter with commentary and analysis on the most important things in Icelandic startups, venture, and tech. You…
The bill on Kría, the Icelandic Venture Initiative, opened for feedback
Note: Kiddi has been consulting with the ministry on this topic and others, related to innovation policy. This morning, the Ministry for Industries and Innovation, submitted…
Mainframe Technologies raise
Mainframe Industries, a pan-Nordic MMO studio formedin April 2019 to develop cloud-native games, announced today a $8.2M (€7.6) Series A round led by Andreessen Horowitz (a16z)…
Sensivo offers free access to its clinical research data management platform to anyone working on Covid-19 related research
The Stockholm based Icelandic/Swedish startup Sensivo, will now offer free access to its clinical research data management platform to anyone working on Covid-19 related research. “In…
Introducing an action plan on public innovation
An action plan on public innovation was introduced last week. The plan is based on the innovation policy for Iceland as well as the government’s policy…
Controlant raises $10m equivalent in convertible bonds
Controlant, which offers IT supply chain solutions and services, primarily for the pharmaceutical industry, just closed a private placement of convertible bonds, amounting to 1,250m ISK,…
Dating app The One raises $210k angel round
The One, a dating app emphasising on its users getting to know each other, has closed $210k (27m ISK) funding. This is the second fundraising of…
A new overview report of the Fintech ecosystem in Iceland
The Icelandic Fintech Cluster and SFF, the Icelandic Financial Services Association, have published a report, written by Northstack, on the Fintech ecosystem in Iceland, creating a…
Innovation Center Iceland to close by end of year, following the new innovation policy
Last Tuesday, the minister of innovation, Þórdís Kolbrún Reykfjörð Gylfadóttir, announced plans to close down the Innovation Center Iceland (ICI) (is. Nýsköpunarmiðstöð Íslands) by the end…