fundraise

Solid Clouds raises $2.5m from Kjölur fjárfestingarfélag

Solid Clouds, the game developer working on Space MMO game Starborne, just announced a $2.5m (270m ISK) funding round led by Kjölur fjárfestingarfélag. Other previous investors also participated in the round. In addition, the company received a $475.000 (50m ISK) growth grant from the Technology Development Fund.

“We’re happy to have closed this financing, and being joined by as experienced an investor as Kjölur,” CEO and co-founder Stefán Gunnarsson said in a statement. “The investment will be used to fund marketing and growth, as well as a mobile version of the game.”

Starborne is a real-time, massively multiplayer strategy game played by thousands of players at a time. “We’ve been watching Solid Clouds for some time because of their revolutionary game that looks very promising,” says Guðmundur Ingi Jónsson Manager of Kjölur fjárfestingafélag. “We’re excited to share our experience with the team on building a tech company.” Guðmundur takes a seat on the board of directors following the funding.

Kjölur is known in tech circles for being one of the lead investors in Greenqloud, that was sold to NetApp last year.

Keystrike secures pre-seed funding from Philippe Langlois, cybersecurity entrepreneur

The Icelandic cybersecurity startup Keystrike has secured funding from Philippe Langlois, founder of cybersecurity company Qualys (QLYS) which is currently valued at over $4 billion. Keystrike’s technology was invented by Ymir Vigfusson, Associate Professor at Emory University, to rethink multi-factor authentication. “Keystrike seals off the path that is commonly

Smári McCarthy, CEO of Ecosophy and Steph Matti, COO of Ecosophy

Ecosophy's 'OverView' wins in EU Space Agency competition

Ecosophy’s prototype for its platform OverView is among the winners of the EU Space Agency’s (EUSPA) innovation competition. Ecosophy is an Icelandic startup focusing on making environmental data actionable, in part by making access to data from EUSPA’s Copernicus system accessible. The company received a prize of

Kerecis becomes Iceland's first Unicorn after being acquired by Coloplast for up to $1.3 billion

Kerecis has signed an agreement with Coloplast, the Danish medical device manufacturer, to be acquired for up to $1.3 billion, making them Iceland’s first Unicorn company. In today’s Kerecis business meeting, which took place in Ísafjörður where they have a manufacturing facility, Fertram Sigurjónsson, founder and CEO

Read next