Northstack Editorial

Northstack Editorial

Highlights from the Icelandic delegation at Slush 2017

This year, a delegation of nearly 100 people from representing startups, investors, media, diplomatic services, industry groups and more, is at Slush. The delegation was planned by Icelandic Startups and Promote Iceland, with participation from Slush and the Icelandic Embassy in Finland. In addition to participating in regular conference events,

NetApp paid $51m in cash for Greenqloud

NetApp paid $51m in cash for Greenqloud

Yesterday, NetApp released its quarterly results for the quarter ending on October 27th. Amongst other things, the report included a line on the Greenqloud acquisition: On August 4, 2017, we acquired all of the outstanding shares of Greenqloud ehf., a privately-held provider of cloud management software based in Iceland, for

Introducing Quarter: A co-working space and community for SaaS companies in Iceland

Introducing Quarter: A co-working space and community for SaaS companies in Iceland

Several months ago, a SaaS focused co-working space was opened in the old “Morgunblaðshöll.” That space now has a name – Quarter – and they’re hosting their first event (supported by Community Fund) tomorrow – Wednesday Nov 29th between 17 and 19(Facebook link). It’s open to all, with free refreshments

Authenteq raises $1.3m seed round co-led by Initial Capital and Draper Associates

Authenteq raises $1.3m seed round co-led by Initial Capital and Draper Associates

Icelandic startup Authenteq recently received seed funding from investors from three major tech hubs in the world. The company is working on distributing a blockchain based digital biometric ID to all internet users. The funding rounds, which totalled around $1.3m was co-led by London based Initial Capital and Silicon

The Nordic Web launches angel fund to invest across the Nordics

The Nordic Web, a long time collaborator of Northstack and one of the main resources for data and analysis on the Nordic startup ecosystem, just announced its angel fund. Neil Murray, founder of the Nordic Web, leads the fund, which is backed by more than 50 investors across the ecosystem.

Memento launches new money pooling service in their mobile wallet solution

Memento launches new money pooling service in their mobile wallet solution

Memento, together with Islandsbanki, just deployed a new service allowing anyone to raise money together (or as Icelanders say it: leggja í púkk) with a group of friends, co-workers, fellow students or the whole community. The service has now been added as a new feature in the digital wallet app

Icelandic biotech innovation invited to India

Two Icelandic companies have been invited to participate at the Global Entrepreneurship Summit (GES) to be held in Hyderabad, India, next week. The companies are Platome Biotechnology, represented by its CEO Sandra Mjöll Jónsdóttir-Buch, and Kerecis, represented by its CEO Guðmundur Fertram Sigurjónsson The United States host GES annually but