Northstack Editorial

Northstack Editorial

Poppins & Partners unveil their 2020 startup list

Poppins & Partners unveil their 2020 startup list

The consulting firm Poppins & Partners (P&P) has published their list 39 prominent startups in Iceland according to a nomination board compiled of experts from the startup ecosystem. The list is divided into four categories: Seeds, Cuttings, Growth-Sprouts, and Pioneers and the criteria for making the list was

"The worst funds are those that keep you hanging on and are always lukewarm"

"The worst funds are those that keep you hanging on and are always lukewarm"

Earlier this year, GRID raised a $12 million investment from NEA. The company founded by Hjálmar Gíslason began its funding process in the middle of the first wave of the Covid-19 pandemic and the funding round is the largest raised by an Icelandic startup pre-revenue. When the pandemic hit, the

Kevin Laws

Great for tourists, complex for expats - An interview with AngelList CEO Kevin Laws on his three month stay in Iceland

Last summer, Kevin Laws, the CEO of AngelList, relocated to Iceland with his family for three months. We met over coffee at Kaffi Vest back in September when it was still legal to meet strangers in person. Kevin was a Covid-19 refugee in Iceland. He came to Iceland for business,

Crowberry Capital invests in Danish Dreamdata

Crowberry Capital invests in Danish Dreamdata

Danish B2B revenue attribution platform Dreamdata, recently announced a $4.4m investment co-led by Icelandic VC fund Crowberry Capital. While Northstack generally doesn’t cover non-foreign funding rounds, this marks the fourth disclosed foreign funding round Crowberry participates in, showing an emphasis on participating in the international funding landscape. In

MainManager acquired by View Software

MainManager acquired by View Software

Facility management software provider MainManager has been acquired by View Software. The amount remains undisclosed. Frumtak invested in MainManager in 2010 and sells its 23% share as part of the sale. “The MainManager team is very excited to get on board with the View Software and Viking Venture family,” founder

Svana Gunnarsdóttir

Frumtak sells its 11.33% stake in Controlant for $14.5m

Frumtak 1, one of the funds under management by Frumtak Ventures, has sold its 11.33% stake in Controlant for around $14.5m (a little under 2000m ISK, the exact amount is undisclosed), to a group of Controlant’s current investors led by Investco ehf. The transaction values the company

Dohop team

Dohop raises 'multi-million dollar' funding from SEP

Icelandic airline software vendor Dohop just announced an undisclosed growth equity round from Scottish Equity Partners (SEP). While the total amount remains undisclosed, Northstack’s sources place it in the ‘multi-million pound’ range, meaning a significant investment into travel tech amidst a global pandemic that has been a serious impediment