Northstack Editorial

Northstack Editorial

49 billion ISK into various technologies: software tops the list, deep tech at the bottom.

49 billion ISK into various technologies: software tops the list, deep tech at the bottom.

New Northstack Analysis: ISK 49 Billion in Tech Grants – Software Leads While Deep Tech Lags Between 2004 and 2024, the Icelandic Technology Development Fund (Tækniþróunarsjóður, TÞS) allocated ISK 49 billion (at current prices) to around 1,200 recipients. A new Northstack report reveals that software projects dominate this funding landscape—

Like the rest of the world, Iceland saw a big drop in startup funding in 2023

After an absolutely booming 2022, it's clear that the global venture slowdown hit Iceland, too. A big drop in deals compared to the previous five years, and although amounts dropped too, it's not as bad. Foreign participation remained incredibly strong, and — from a number of deals

Leviosa raises $1M Pre-seed from over 60 healthcare professionals

Leviosa raises $1M Pre-seed from over 60 healthcare professionals

Icelandic healthtech startup Leviosa just closed a $1M pre-seed funding round. The capital is committed from existing shareholders, who are all angel investors, and adding over 60 healthcare professionals, the majority of whom are practicing physicians from Iceland and elsewhere. Founded in 2019, Leviosa focuses on developing cutting-edge healthtech solutions

DTE adds $6M to their series A2 from Eyrir Vöxtur and EIC

DTE adds $6M to their series A2 from Eyrir Vöxtur and EIC

Today, DTE, developers of next-generation metal production and manufacturing, announced that Eyrir Vöxtur and EIC (European Innovation Council) have invested $6M into the company. This latest operation completes the Series A2 financing round initiated earlier this year, in which the Icelandic deep tech innovator secured a $10M first close from

Exmon Software acquired by TimeXtender

Exmon Software acquired by TimeXtender

The Icelandic Exmon Software was founded in 2014 as a subsidiary of the consulting company Expectus but was spun out a couple of years ago. The details of the deal were not made public. Exmon is a data quality and data management solution, that customers use to find errors and

Meniga raises $16M Series D from Groupe BPCE, Crédito Agrícola and Omega

Meniga raises $16M Series D from Groupe BPCE, Crédito Agrícola and Omega

Icelandic fintech Meniga just announced a $16M Series D round, where leading banks such as Groupe BPCE and Crédito Agrícola as well as the Icelandic VC Omega participated. Meniga provides digital banking solutions to banks and financial institutions in over 30 countries across Europe, North America, the Middle East and

PayAnalytics acquired by beqom

PayAnalytics acquired by beqom

Yesterday, on December 12th 2023, the Icelandic startup PayAnalytics announced that the company is being acquired by beqom. beqom, a unified total compensation platform, describes the acquisition as an industry-disrupting moment, and that with PayAnalytics' trailblazing pay and workplace equity solution, the company will become the first advanced platform