Today, we’re cross-posting an insightful article by Stefán Baxter, the CEO of Quick Lookup, that was originally posted on their Medium blog. In the article, Stefán highlights his very thorough data driven approach to their next fundraising effort. If you’re a founder, VC or interested in the fundraising process, pull up a chair and read… Read More The Data-Nerd Approach to Seed Funding
50skills, an Icelandic HR SaaS and new-hire onboarding solution, today announced it has secured $2.6 million in funding, led by Frumtak Ventures. 50skills will leverage the fresh capital to scale its solution for global markets, beginning with high-turnover industries in the Nordics and UK. 50skills claims that it’s software reduces the timeframe between onboarding and employees… Read More 50skills raises $2.6 million from Frumtak Ventures
International digital therapeutics leader Sidekick Health today announces that it has raised $55 million in Series B funding. The round was led by Novator Ventures, with additional participation from Wellington Partners, Asabys Partners, and Frumtak Ventures, as well as a US-based strategic investor that will be revealed at a later stage. This round follows an… Read More Sidekick Health closes $55m Series B led by Novator Ventures
Icelandic health tech company Kara Connect, which was founded in 2015, has completed a $6.3m financing round, led by Idunn venture fund, with the aim to support further growth in Europe. Kara Connect is a multilevel engine connecting professionals in health and welfare support to clients looking for help. Kara empowers these professionals by providing… Read More Kara Connect raises $6.3m from Idunn Venture Fund
Iceland Innovation Week is taking place for the third time May 16-20th. The aim of the festival is to be a marketing window for Nordic innovation scene where different events in different venues around Reykjavik will take place throughout the week. Startups, investors, scaleups, innovative corporates, public institutions and innovation enthusiasts are invited to participate… Read More Iceland Innovation Week announces official 2022 program
Garden.io is an end-to-end development and testing platform for Kubernetes. The Berlin-based company was founded by three Icelanders in 2018. Yesterday the company announced a $16 million Series A, co-led by 468 Capital and Sorenson Ventures, with participation from existing investors Crowberry Capital, Fly Ventures and more. Garden.io helps companies deliver faster to the cloud,… Read More Garden.io raises $16M Series A led by 468 Capital and Sorensen Ventures
SEP (Scottish Equity Partners), who previously had invested an undisclosed amount into Dohop in late 2020, invested additional capital into Dohop. The size of this round is also undisclosed but according to a press release the amount is in the millions of dollars. Dohop, which is a search engine for flights that also allows airlines… Read More Dohop receives additional investment from SEP
The Icelandic gaming studio Arctic Theory was founded by gaming veterans Gísli Konráðsson, Matthías Guðmundsson, Snorri Sturluson and Jón Bjarni Bjarnason. The four of them all have connections in some way to CCP Games and EVE Online which connects them. However, individually they also boast impressive resumés, where parts of the team were a part… Read More Arctic Theory raises a $2m round from Brunnur
The Icelandic fintech startup SalesCloud has secured a $4M funding round led by SaltPay and a group of Icelandic investors. SalesCloud’s software provides SMBs increase sales in-store and online with actionable insights and solutions. According to a company press release, the company has been growing steadily over the past few years and their system handled… Read More SalesCloud secures a $4M funding round led by SaltPay
In our recent 2021 funding report we decided to highlight the gender composition of the founding teams we tracked throughout the year. The figure, 22 all-male teams, 3 mixed teams and 0 all female teams has stirred up some conversations. (Insert: We have since learned that one of the teams our research indicated had an… Read More Funding Report Followup: Our data and method
