Arion bank discontinues support for Startup Reykjavik
The main supporter of Startup Reykjavik, and investor in all the Startup Reykjavik companies, Arion Bank, is discontinuing support for the accelerator. Vísir reports, based on…
Nox Medical and Fusion Health merge to form Nox Health, with investment from from private equity firm Alfa Framtak
Nox Medical, the Icelandic maker of sleep monitoring and diagnostics devices, and FusionHealth, have merged to become Nox Health. As part of the merger, Icelandic private…
“Innovation isn’t a luxury. It’s a necessity” – Minstry for Innovation unveils Innovation Policy
Just now, with the words that “Innovation isn’t a luxury, it’s a necessity,” Þórdís Kolbrún Reykfjörð Gylfadóttir the minister for Innovation, unveiled the Innovation Policy for…
Mainframe Industries – founded by former CCP, NextGames and Remedy devs – raise €2m
Mainframe Industries, a new, Reykjavik-based but pan-Nordic gaming company, has raised €2m (~$2.2m) in seed funding to build what they describe as “the first MMO specifically…
Ripple acquires Algrim and opens office in Iceland
Ripple, a global blockchain technology company that provides solutions to send money globally, just announced its acquisition of Icelandic company Algrím. The acquisition price remains undisclosed…
The Best Year Yet: Funding Report for 2018
In this somewhat-late funding report, we look at VC and startup funding in 2018. We nicknamed 2017 “the year of the seed round” due to a…
Private Equity fund SIA III acquires Men&Mice
Icelandic software company Men&Mice has been acquired by private equity fund SÍA III, which is managed by Stefnir. The acquisition price remains undisclosed. New Business Venture…
Figuring out how to move to Iceland just became easier with the opening of Work in Iceland
Today, Þórdís Kolbrún Reykfjörð Gylfadóttir, the minister for tourism, industry, and innovation, formally opened Work in Iceland, a “one-stop shop to provide comprehensive information about the…
Interview with Pétur Ólafsson, founder of BuddyPhones and ONANOFF
In today’s multi-media content driven world, kids of all ages are exposed to sound all the time, more often than not viewing or listening with headphones.…
Buddyphones maker Nordic Enterprises Ltd. raises $1m
Creator of kid headphones Buddyphones, Nordic Enterprises Ltd., recently announced a $1m (125m ISK) funding round. The funding was through a convertible bond purchased by local…