50skills raises $2.6 million from Frumtak Ventures

 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

Sidekick Health closes $55m Series B led by Novator 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

Kara Connect raises $6.3m from Idunn Venture Fund

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 announces official 2022 program

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 raises $16M Series A led by 468 Capital and Sorensen Ventures

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

Arctic Theory raises a $2m round from Brunnur

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

SalesCloud secures a $4M funding round led by SaltPay

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