Northstack Editorial

Northstack Editorial

Silicon Valley Internship Program opens for Icelandic Applications

Silicon Valley Internship Program opens for Icelandic Applications

Silicon Valley Internship Program, founded in 2013 with the goal of closing the talent gap whilst giving international engineers the skills they need to become successful entrepreneurs in their home countries, is partnering with Reykjavik University to offer internship positions to Icelandic developers. From the press release: The tech industry

geoSilica raises $425,000 Series A round from pension fund Lífsverk

geoSilica raises $425,000 Series A round from pension fund Lífsverk

geoSilica, just announced a $425,000 Series A round led by pension fund Lífsverk, with earlier investors participating. This funding round follows a $330,000 angel round in September 2018. After the round, Lífsverk owns a 6,7% share of GeoSilica, valuing the company at roughly $6.2m. Spakur finance

EpiEndo Pharmaceuticals raise €800k to advance their treatments for respiratory diseases

EpiEndo Pharmaceuticals raise €800k to advance their treatments for respiratory diseases

EpiEndo Pharmaceuticals announced yesterday a fundraise of €800k from a syndicate of local funds and angels including Brunnur Ventures, with participation from existing shareholders. The funds will be used to advance the pre-clinical development of their lead program of proprietary products called “Barriolides” for the treatment of Chronic Obstructive Pulmonary

Identity Verification startup Authenteq raises $5m led by Draper Associates and capital300

Identity Verification startup Authenteq raises $5m led by Draper Associates and capital300

Reykjavik and Berlin based identity verification startup Authenteq, announced today a $5m first close in a Series A round. The round is led by Draper Associates and capital300. The company raised a $1.3m seed round a little over a year ago. In a statment, Kári Thor Rúnarsson co-founder and

Crypto Fintech Startup Monerium raises $2m seed round led by Crowberry Capital

Crypto Fintech Startup Monerium raises $2m seed round led by Crowberry Capital

Icelandic Crypto Fintech startup Monerium just announced a $2m seed round led by Icelandic VC fund Crowberry Capital. Also participating in the round were blockchain company ConsenSys and Hof Holdings. Tech EU reports. In addition to a new funding round, the company announced that it had applied to become a

Meniga acquires Stockholm based reward platform Wrapp

Meniga acquires Stockholm based reward platform Wrapp

Icelandic fintech company Meniga today announced the acquisition of Wrapp, a Stockholm based reward platform. The purchase price is undisclosed, all-stock, with maximum earn-outs totaling up to a 25% share in Meniga. Current shareholders, including Scandinavia’s biggest bank Nordea, join Meniga’s shareholders. The Wrapp reward platform will be

Oculis raises $15.7m in extension to B round, licenses new antibody

Oculis raises $15.7m in extension to B round, licenses new antibody

In two press releases today, Iceland founded Oculis Pharma announces an extension to their Series B round amounting to $15.7m (15.5m CHF), and an expansion to its portfolio through the licensing a novel antibody from Novartis. No financials are disclosed in relation to the licensing. “Oculis is evolving