Facility management software provider MainManager has been acquired by View Software. The amount remains undisclosed. Frumtak invested in MainManager in 2010 and sells its 23% share as part of the sale. “The MainManager team is very excited to get on board with the View Software and Viking Venture family,” founder of MainManager, Gunnlaugur B. Hjartarson… Read More MainManager acquired by View Software
Frumtak 1, one of the funds under management by Frumtak Ventures, has sold its 11.33% stake in Controlant for around $14.5m (a little under 2000m ISK, the exact amount is undisclosed), to a group of Controlant’s current investors led by Investco ehf. The transaction values the company at around $130m. Arion banki managed the sale,… Read More Frumtak sells its 11.33% stake in Controlant for $14.5m
Icelandic airline software vendor Dohop just announced an undisclosed growth equity round from Scottish Equity Partners (SEP). While the total amount remains undisclosed, Northstack’s sources place it in the ‘multi-million pound’ range, meaning a significant investment into travel tech amidst a global pandemic that has been a serious impediment to the travel industry. “Joining forces… Read More Dohop raises ‘multi-million dollar’ funding from SEP
Last week, digital supply chain visibility provider Controlan, received the 2020 Icelandic Innovation Award. The award, which was first granted in 1994, is presented annually by government institutions related to innovation – Icelandic Center of Research, Promote Iceland, Innovation Center Iceland, and the New Business Venture Fund. The company, which recently raised a $15m Series… Read More Controlant receives the 2020 Icelandic Innovation Award
Laki Power, an Icelandic company that provides high voltage surveillance and real-time monitoring for transmission systems, recently announced a growth investment led by Brunnur Ventures, which previously invested in Laki Power last year, with participation from Silfurberg. In addition to new funding, the company announced the appointment of Dr. Bjorgvin Sigurdsson as CEO. Sigurjon Magnusson,… Read More Laki Power raises funding round and appoints new CEO
Digital Therapeutics company Sidekick Health just announced a $20m Series A funding round, led by Wellington Partners and Asabys Partners, with participation from existing investors Novator and Frumtak. The company specialises gamified digital therapeutics solutions and programs focused on chronic and lifestyle diseases. “The healthcare landscape has shifted significantly this year as a direct result… Read More Sidekick Health raises $20m Series A led by Wellington Partners and Asabys Partners
The Minister of Tourism, Industry, and Innovation, the Minister of Justice and the Minister of Finance and Economic Affairs have put in place measures to enable non-EEA foreign nationals to reside in Iceland for up to six months and remote work for foreign companies. With the measure those foreign citizens will be allowed to apply… Read More Icelandic government introduces Remote Worker Visa
Controlant, maker of digital supply chain visibility solutions, today announced it has raised $15m in Series B funding. Participating in the round were current shareholders, local institutions like insurance companies Sjóvá and VÍS, as well as private investors and family offices. The placement was managed by Arion Bank Corporate Finance. “Our mission is to help… Read More Controlant raises $15m Series B round to bring digital transformation to the supply chain
Stefanía G. Halldórsdóttir has joined Eyrir Venture Management, Eyrir Invest’s venture arm, as a new Managing Director for the company’s new VC fund, Eyrir Sprotar II. Stefanía joins Eyrir from Landsvirkjun – Iceland’s largest power producer, where she was Executive Director of Marketing and Business Development. “I’m very excited to work in and support the innovation… Read More Stefanía G Halldórsdóttir joins Eyrir Venture Management as Managing Director for Eyrir Sprotar II
Kjartan Örn Ólafsson has joined Brunnur Ventures to help manage their new ~$60m (8 billion ISK) venture capital fund planned to go live this fall. Kjartan has served on the Board of Directors and Investment Committee for Brunnur Ventures since it was founded in 2015 but joins now as a Venture Partner. This hire is… Read More Kjartan Örn Ólafsson joins Brunnur as Venture Partner
