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Northstack Editorial

Northstack Editorial

Loki Foods raises $650K in pre-seed funding

Loki Foods raises $650K in pre-seed funding

The Icelandic-based startup Loki Foods which plans to produce plant-based seafood has received $650K in pre-seed funding from multiple investors. Among participating investors in this recent funding round are VegInvest, FoodHack, Sustainable Food Ventures, MGMT Ventures, Kale United and Lifely VC. This new capital will be used to make operational

The Icelandic Directorate of Health sues Kara Connect

The Icelandic Directorate of Health sues Kara Connect

The Icelandic Directorate of Health has decided to sue Kara Connect, the Icelandic practice management platform for the health- and welfare sector. This decision follows a long-term disagreement about whether the Directorate’s purchase of a remote meeting software and its integration with the health record system of Saga, Hekla

The team is the key: What do Icelandic investors look for in entrepreneurs?

The team is the key: What do Icelandic investors look for in entrepreneurs?

The team is the most important factor when deciding whether to invest or not, at least according to Reykjavik University students Selma Rún Friðjónsdóttir and Tryggvi Björn Guðbjörnsson who recently published their Business Administration thesis focused on influencing factors and decision making processes for Icelandic venture capital funds and angel

Kerecis's raises $100m Series D

Kerecis's raises $100m Series D

As Northstack reported at the end of last month, Kerecis has received a significant investment from multiple investors including the Danish investment firm KIRKBI. That coverage was based on a leaked letter that was sent to Kerecis’s shareholders that the media had obtained The coverage can be seen below.

The biggest EU grant to Iceland so far goes to Carbfix

The biggest EU grant to Iceland so far goes to Carbfix

Carbfix, the established climate innovation company that turns CO2 into stone, has received approximately $117M from the European Union’s Innovation Fund. This is bigger than all previous grants from the EU to Iceland. This grant will be used to construct a CO2 Mineral Storage Terminal called Coda Terminal located

Sling acquired by a huge American restaurant platform

Sling acquired by a huge American restaurant platform

The American restaurant platform Toast that is listed in the New York Stock exchange, has acquired Sling, an Icelandic restaurant employee scheduling start-up. The addition of Sling is supposed to strengthen Toast’s payroll and team management product range. By acquiring Sling, Toast will now add a solution that helps

Lucinity secures a $17M Series B funding round led by Keen Venture Partners

Lucinity secures a $17M Series B funding round led by Keen Venture Partners

This week, Lucinity announced the closing of a $17 million Series B investment round, led by Keen Venture Partners. Other investors taking part in this round include Venturing, Experian, and other existing investors like Crowberry Capital, Karma Ventures, and byFounders. Lucinity is a Reykjavík-based anti-money laundering (AML) software developer that