Northstack Editorial

Northstack Editorial

Northstack is asking for your help

Northstack is asking for your help

Northstack has since 2015 covered, gathered data on, analysed, commented, and discussed the Icelandic startup, innovation and venture ecosystem. What started as a simple blog has grown into something (a little bit) bigger with regular reports, and analyses, on topics that few or no other media in Iceland focuses on.

Dufl wins Golden Egg business competition with buoy locator product

Dufl wins Golden Egg business competition with buoy locator product

The Golden Egg (is. Gulleggið) business plan competition owned and operated by Icelandic Startups unveiled this years winner: Dufl. A company creating location services for buoys at sea. The winning team are all students at Reykjavik University. One of the team members has experience from working at sea, which sparked

Laki Power raises undisclosed seed round led by Brunnur Ventures

Laki Power raises undisclosed seed round led by Brunnur Ventures

Laki Power, which creates real-time, autonomous surveillance of the high voltage power grid, just announced a seed round led by Brunnur Ventures. Terms of the deal are undisclosed. The company has previously received grants from the Technology Development Fund. “This round enables us to accelerate the build out of our

SidekickHealth pens agreement with pharma giant Pfizer

SidekickHealth pens agreement with pharma giant Pfizer

Icelandic creator of health and lifestyle improvement app SidekickHealth recently shared news on social media of a partnership with pharmaceutical giant Pfizer. The partnership revolves around the development of a digital therapy for smoking cessation. “We are happy to provide people, who want to stop smoking with professional help, with

Marel acquires fish processing equipment creator Curio

Marel acquires fish processing equipment creator Curio

Marel, one of Iceland’s largest and most valuable companies, as well as a world leader in the production of fish, pork and chicken processing equipment, has acquired a 50% stake in Curio, with a call option for the remaining 50%. This is announced in a press release. The price

Arion bank discontinues support for Startup Reykjavik

Arion bank discontinues support for Startup Reykjavik

The main supporter of Startup Reykjavik, and investor in all the Startup Reykjavik companies, Arion Bank, is discontinuing support for the accelerator. Vísir reports, based on sources from inside the bank, which comments to Vísir that the issue is under consideration within the bank. The program, which is owned by

Nox Medical and Fusion Health merge to form Nox Health, with $10m investment from from private equity firm Alfa Framtak

Nox Medical and Fusion Health merge to form Nox Health, with $10m investment from from private equity firm Alfa Framtak

Nox Medical, the Icelandic maker of sleep monitoring and diagnostics devices, and FusionHealth, have merged to become Nox Health. As part of the merger, Icelandic private equity fund Alfa Framtak has invested $10m in the company for a 13% stake in the company. “The merger with FusionHealth, which is now