Author: Kristinn Árni Lár Hróbjartsson

Stefanía G Halldórsdóttir joins Eyrir Venture Management as Managing Director for Eyrir Sprotar II

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

Kristinn Árni Lár Hróbjartsson

Kjartan Örn Ólafsson joins Brunnur as Venture Partner

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

Kristinn Árni Lár Hróbjartsson

DT Equipment raises $5.5m Series A funding round from Chrysalix Venture Capital and Brunnur Ventures

DT Equipment, developers of  next-generation analytics technology for metals production and processing, just announced the close of a Series A financing with the new participation of Chrysalix Venture Capital and follow-on investment from Brunnur Ventures. DT Equipment previously raised a seed round from Brunnur Ventures. “We are delighted to welcome Chrysalix onboard as industry-focused investors… Read More DT Equipment raises $5.5m Series A funding round from Chrysalix Venture Capital and Brunnur Ventures

Kristinn Árni Lár Hróbjartsson

Avo raises $3m and launches ‘Inspector’ for instant analytics governance

Avo

Avo, the startup helping teams track and manage analytics governance, just announced a $3m fundraise, led by GGV Capital, with participation from Heavybit and Y Combinator. The company previously raised capital from Brunnur Ventures and Investa and later became the first Icelandic company to participate in Y Combinator, the world’s best accelerator. “The next trillion-dollar… Read More Avo raises $3m and launches ‘Inspector’ for instant analytics governance

Kristinn Árni Lár Hróbjartsson

Unity files for IPO, will become first Icelander-founded company to be listed on NYSE

David Helgason at Slush 2016

Last week, Unity the company behind the game engine that powers more than half of the top 1000 games in the Apple App Store and Google Play Store, filed their S-1 to go public on NYSE. The company, which will have the ticker symbol U, is raising up to $100m in its offering. Now, Northstack… Read More Unity files for IPO, will become first Icelander-founded company to be listed on NYSE

Kristinn Árni Lár Hróbjartsson

Kerecis raises $21m in loans and convertible notes to fuel expansion

Kerecis, the medical fish skin company, recently announced it had raised $21m from Silicon Valley Bank and previous investors to support the company’s expansion plans in the US. Of the $21m, $15m are in the form of a revolving line of credit from Silicon Valley Bank, and $6m in a convertible note from the companies… Read More Kerecis raises $21m in loans and convertible notes to fuel expansion

Kristinn Árni Lár Hróbjartsson

GRID raises $12m Series A led by NEA

Grid team

GRID, the SaaS startup set to revolutionize how people work with data and numbers, just announced a $12m funding round led by New Enterprise Associates, with participation from existing investors BlueYard Capital, Slack Fund, Acequia Capital, Brunnur Ventures and other strategic partners. The company, founded by repeat founder Hjálmar Gíslason (Hjalli), previously raised a $1m… Read More GRID raises $12m Series A led by NEA

Kristinn Árni Lár Hróbjartsson

BuddyPhone maker Nordic Enterprises raises $1.9m in convertible note

Nordic Enterprises Ltd., the holding company for kids & education audio brands ONANOFF and BuddyPhones, has successfully completed a convertible bond offering. More than 75% of the Hong Kong based company is owned by Icelanders, and raised a $1m convertible a year ago. The company, founded by Pétur Ólafsson (CEO) and Bjarki Garðarsson (CFO), has… Read More BuddyPhone maker Nordic Enterprises raises $1.9m in convertible note

Kristinn Árni Lár Hróbjartsson

‘Stuðnings-Kría’ – government matching loans for startups, opens for applications

‘Stuðnings-Kría’, one of the policies announced as part of the governments response to the Covid-19 outbreak for startups, has started to accept applications. The program, which will match up to 70m ISK per company, provided the company has since secured financing from private investors that will then be matched by the government. The date of… Read More ‘Stuðnings-Kría’ – government matching loans for startups, opens for applications

Kristinn Árni Lár Hróbjartsson

Anti-Money-Laundering startup Lucinity raises $6.1m, co-led by Karma Ventures and byFounders

Anti-Money-Laundering (AML) software startup Lucinity, which uses “Human AI to ‘make money good’, by augmenting financial crime fighters in financial firms with AI technology” just announced a $6.1m funding round, co-led by Karma Ventures and byFounders. Previous investors Crowberry Capital and Preceptor Capital also participated. The funding round can be described as unusual, in the… Read More Anti-Money-Laundering startup Lucinity raises $6.1m, co-led by Karma Ventures and byFounders

Kristinn Árni Lár Hróbjartsson