The Update

Valka raises capital, NSA Ventures and Frumtak exit the company

NSA Ventures and Frumtak have sold their 37% share in food processing tech company Valka. New shares were also issued in the transaction, to current shareholders. The shares were sold to a group of current investors – Fossar, Vogabakki, Vortindur (the holding company of founder Helgi Hjálmarsson), and other investors.

The price the investment funds got for their share remains undisclosed. However, Huld Magnúsdóttir, CEO of NSA Ventures commented to Morgunblaðið that the investment had turned a profit and been “very good” for NSA Ventures. NSA Ventures invested in Valka in 2008. Frumtak joined the shareholder group in 2011.

Anti-Money-Laundering startup Lucinity raises $6.1m, co-led by Karma Ventures and byFounders

Anti-Money-Laundering (AML) software startup Lucinity, which uses “Human AI to ‘make money good’, by augmenting financial crime fighters in financial firms with AI technology” just announced a $6.1m funding round, co-led by Karma Ventures and byFounders. Previous investors Crowberry Capital and Preceptor Capital also participated. The funding round can

Sidekick Health raises $20m Series A led by Wellington Partners and Asabys Partners

Digital Therapeutics company Sidekick Health just announced a $20m Series A funding round, led by Wellington Partners and Asabys Partners, with participation from existing investors Novator and Frumtak. The company specialises gamified digital therapeutics solutions and programs focused on chronic and lifestyle diseases. SidekickHealth maker Goodlifeme raises $1.5m round

Indy studio Tasty Rook just released its first title: Triple Agent

Tasty Rook, an Icelandic indy game studio just released its first title: Triple Agent, described as “a thrilling party game of betrayal and espionage for 5-9 people played on a single mobile device,” in the press release. (Get it – it’s free – for iOS / Android). From the announcement: At the

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