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Northstack Editorial

Northstack Editorial

1939 Games secures $5.3m funding

1939 Games secures $5.3m funding

Icelandic game developer 1939 Games has successfully raised $5.3 million. 1939 Games are the creators of of the free-to-play digital CCG (collectible card game) Kards. This investment comes from a collection of private and public sources, including Korea Investment Partners, Woori Technology Invest Co. Ltd., Seoul Investment Partners, Sisu

Crowberry Capital raises $90m fund

Crowberry Capital raises $90m fund

Crowberry Capital has raised a $90m fund and expect to $40m to close in 2022. The EIF (European Investment Fund) is the lead LP having signed a €20 million participation in Crowberry Fund II, with backing from the EU’s “InnovFin Equity” programme. Other investors include Icelandic Pension funds, several

Isaac Kato, Managing Director of Techstars Seattle to host presentation & ask-me-anything for Icelandic startups

Isaac Kato, Managing Director of Techstars Seattle to host presentation & ask-me-anything for Icelandic startups

Isaac Kato, the Managing Director of Techstars Seattle and the Filecoin Techstars Accelerator, is inviting Icelandic startups to a presentation and ask-me-anything about venture accelerators and early stage capital for tech startups. The event will take place on August 24 at 17:00, and interested companies can also sign up

10 Icelandic startups pitched their products at Startup Supernova investor day

10 Icelandic startups pitched their products at Startup Supernova investor day

The Icelandic business accelerator programme Startup Supernova officially ended today, with an investor pitch from the ten participating startups at the Gróska business growth centre in Reykjavík today. Among the startups that introduced their ideas was the digital payment card platform FOMO and the property valuation website and mortgage calculator

Carbfix and ON receive a 3.9m€ grant from the EU Innovation Fund

Carbfix and ON receive a 3.9m€ grant from the EU Innovation Fund

Carbfix and ON have received a 3.9m€ grant from the European Union’s Innovation Fund. This is one of the highest grants that a climate related initiative in Iceland has received and the first grant a project in Iceland receives from the Innovation Fund. The grant will be used

1939 Games delivers net profit in first active year

1939 Games delivers net profit in first active year

The Icelandic video game developer 1939 Games received 250 million kr. ($2 million) in revenue last year from their main product, the PC game KARDS. Moreover, the company managed to deliver a net profit from its operations last year, which was the first year in which it generated any revenue.

Ásthildur Otharsdóttir named chairman of the board of Kaptio

Ásthildur Otharsdóttir named chairman of the board of Kaptio

Ásthildur Otharsdóttir has been named chairman of the board of Kaptio. She replaces Eggert Claessen who has been chairman of the board since 2016. This was announced in a press release from Kaptio earlier today. The board will include the company’s founders, Arnar Laufdal Ólafsson and Ragnar Fjölnisson. Other