Estonian investors encourage Icelanders to take a look at Funderbeam
A director at Funderbeam, an online fundraising platform which some Icelandic companies have used, says that it has sparked some attention how limited the participation of…
AwareGO signs a three-year contract with Mondelēz
The Icelandic cybersecurity company AwareGO has signed a three-year contract with the American snack producer Mondelēz International on providing training solutions for its staff. According to…
Genki’s smart ring is back with new functions for pandemic times
Genki Instruments, a design-driven technology company based in Iceland, is now marketing a new version of its product. The product is built on the existing Wave…
Amidst pandemic, Icelandic tech and innovation firms are optimistic and expect future growth
Icelandic innovation and technology firms with business relations abroad increased their hirings by 14% last year and the majority of them are likely to continue growing…
Meniga closes a $11.8m investment round led by Velocity Capital and Frumtak Ventures
Meniga has closed a $11.8m (€10m) strategic investment round led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the round include…
First glimpse of what Iceland Innovation Week will offer
Today, Iceland Innovation Week unveiled the first batch of events that will take place both online and in person during the festival from May 26th to…
2021 Q1 acquisition roundup – Big names show interest but prices remain undisclosed
Since the beginning of this year, eight Icelandic tech firms have been partially or fully acquired by investors or tech companies, both domestic and foreign. Although…
Mussila aims to scale up through an IVS led Funderbeam campaign
Icelandic Venture Studio (IVS) is leading the Icelandic EdTech company Mussila into a financing round via Funderbeam, an online investment platform. Mussila wants to collect at…
Kvika closes first round of financing for venture capital fund Iðunn at $53m
Kvika Asset Management has completed the financing of a new venture capital fund called Iðunn. The fund raised USD 53 million (ISK 6.7 billion) during its…
Fractal 5 raises $3m seed round led by Menlo Ventures
Fractal 5, a startup just exiting stealth mode, just announced a $3m seed round led by Silicon Valley based Menlo Ventures with participation from Crowberry Capital.…