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Northstack Editorial

Northstack Editorial

Icelanders onstage at Slush 2022

Icelanders onstage at Slush 2022

This is a busy week in Helsinki, Finland. Investors, founders, media representatives (including me), and many more are heading to the capital of Finland to enjoy one of the world’s leading startup events, Slush. Slush can be described as a festival concerning startups and tech. The program is packed

Behold Ventures raises $25.9M for a new gaming VC fund focusing on the Nordics

Behold Ventures raises $25.9M for a new gaming VC fund focusing on the Nordics

This week Behold Ventures, a newly established Swedish VC fund, announced that they had raised $25.9M to invest solely in the gaming industry mainly in the Nordic countries including Iceland. Behold Ventures’ mission is to enable the next generation of game entrepreneurs by calling upon the experience of the

Oculis raises $80M and goes public through a SPAC merger

Oculis raises $80M and goes public through a SPAC merger

Oculis, a global biopharmaceutical company founded by two Icelandic professors at the University of Iceland and European Biotech Acquisition Corp, a special purpose acquisition company (SPAC), have announced they have entered into a definitive business combination agreement. After this transaction, the company will be named “Oculis Holding SA” and will

Arkio featured as a launch app for Meta Quest Pro

Arkio featured as a launch app for Meta Quest Pro

This week Meta launched the third version of its Meta Quest Pro mixed reality headset. Arkio, the Icelandic collaborative spatial design tool that enables anyone to design, mix and share realities, was one of the several apps featured as a launch app for the new headset. Arkio has been optimized

Origo announces the sale of its remaining share in Tempo for $195M

Origo announces the sale of its remaining share in Tempo for $195M

This week, Origo, the Icelandic IT software producer, and Diversis Capital, a Los Angeles-based private equity fund that focuses on technology and software investments, agreed on Diversis’ purchase of Origo’s little less than 40% remaining share in Tempo for $195M. Origo first announced that Tempo was up for sale

GreenBytes raises a $1M funding round led by Crowberry Capital

GreenBytes raises a $1M funding round led by Crowberry Capital

GreenBytes, the Icelandic green tech company for restaurants has announced a $1M pre-seed round led by Crowberry Capital, with participation from Berlin-based APX, and selected angel investors from Germany. The Reykjavik-based company, which was founded in 2020, plans to leverage machine learning to help optimize the food supply chain. The

Leviosa receives $700K funding

Leviosa receives $700K funding

This month, Leviosa, a healthcare startup whose goal is to enable healthcare professionals to work more efficiently, closed a private funding round for $700K. Various investors, all interested in the field of Health Tech, took part. This funding round plays a large role in scaling up the development team and