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Northstack Editorial

Northstack Editorial

Staying Strong: The 2021 Icelandic Funding Analysis

Staying Strong: The 2021 Icelandic Funding Analysis

January, that wonderful time of the year when we can look back at 2021 and dissect the funding landscape for Icelandic startups and VC’s. If you want to look at previous reports you can find them here. * 2018 * 2019 * 2020 When we look at 2021 we see a clear

Taktikal closes $2M investment from Brunnur Ventures

Taktikal closes $2M investment from Brunnur Ventures

Taktikal, a developer of digital trust solutions, announced that Brunnur Ventures invested $2M into the company. Taktikal provides enterprise-grade electronic signature solutions that allow companies to automate and streamline processes that require identification, authentication and authorisation. According to a press release the new funding will accelerate international sales expansion of

Spectaflow closes a $1.9M funding round led by Frumtak Ventures

Spectaflow closes a $1.9M funding round led by Frumtak Ventures

Spectaflow, which was founded in 2019 offers a SaaS solution for hotel and vacation rental property management, focused on improving cleaning and maintenance workflows, staffing planning and compliance to evolving international cleaning standards. The company, founded by Petur Orri Saemundsen, Erlendur Steinn Gudnason and Frans Veigar Gardarsson, currently has one

PayAnalytics raises $3.4m from Eyrir Vöxtur and NSA Ventures

PayAnalytics raises $3.4m from Eyrir Vöxtur and NSA Ventures

Earlier in December PayAnalytics closed a $3.4m funding round from Eyrir Vöxtur and existing investor NSA Ventures. PayAnalytics is a software solution that enables human resources managers and consultants to conduct their own salary review, measure gender and other demographic discrepancies in pay, and offers recommendations on how to

Lauf closes a $2M funding round

Lauf closes a $2M funding round

Icelandic bicycle startup Lauf has just closed a $2M funding round which values the company at around $23M. The majority of the capital came from new shareholders, but Lauf had previously raised $2.5M from the New Business Venture Fund. The company’s yearly revenue has doubled for the last

Kría backs Frumtak, Crowberry and Eyrir with $16.8M

Kría backs Frumtak, Crowberry and Eyrir with $16.8M

Kría, a public innovation fund that invests in VCs as an LP, has announced its first round of investments into local VCs. (disclaimer: Kiddi, the founder of Northstack is the chairman of Kría) The vehicle, dubbed an Icelandic Venture Initiative will invest around $16,800,000 over the next three

Plaio secures $2.25M funding from Frumtak Ventures

Plaio secures $2.25M funding from Frumtak Ventures

Plaio is an Icelandic software startup that digitizes demand, manufacturing, and purchase planning for generic pharmaceutical manufacturers, for agile manufacturing operations and precision product output. The company announced it’s $2.25M pre-series A investment round by Frumtak Ventures. Plaio was founded by Jóhann Guðbjargarson in May, building on a