Author: Magnús Símonarson

Vitar Games secures $550K from Behold Ventures and Brunnur to develop WWI Strategy game Dig In

Icelandic game developer Vitar Games has secured $550K in its first round of funding, with Behold Ventures and Brunnur leading the investment. The funding will be used to further develop the company’s debut game, Dig In, which offers a novel approach to reinvigorating the management and strategy genre with a healthy mix of historical research… Read More Vitar Games secures $550K from Behold Ventures and Brunnur to develop WWI Strategy game Dig In

Magnús Símonarson

PaxFlow secures a $2.2M investment from Brunnur

Icelandic travel technology startup, PaxFlow, has secured $2.2M in investment from Brunnur, the Icelandic venture capital firm. The investment will enable PaxFlow to continue the development of its products, and also expand its sales and marketing activities in international markets. Up to eight software experts are soon to be added to PaxFlow’s team, as the… Read More PaxFlow secures a $2.2M investment from Brunnur

Magnús Símonarson

Loki Foods launches plant-based seafood and meats production site

Loki Foods, an Icelandic venture-backed food technology company specializing in plant-based meats and seafood, has officially opened its first-scale production site in Kópavogur, Iceland. The new facility was launched ahead of schedule in March 2023 and will enable the company to meet the growing demand for sustainable and nutritious plant-based food products in domestic and… Read More Loki Foods launches plant-based seafood and meats production site

Magnús Símonarson

Nordic Women in Tech Awards coming to Iceland to honour women leaders in technology

The annual Nordic Women in Tech Awards (NWITA), which recognizes and celebrates women’s achievements in technology across the Nordic countries, has announced that the #NWITA2023 gala event will take place at the Harpa Conference and Concert venue in Reykjavik, Iceland, on November 9, 2023. Additionally, WomenTechIceland, a non-profit organization dedicated to advancing women in tech,… Read More Nordic Women in Tech Awards coming to Iceland to honour women leaders in technology

Magnús Símonarson

Mýsköpun raises a $700K round led by New Business Venture Fund

Mýsköpun, an Icelandic biotech startup based in Mývatnsveit, has secured $700,000 in a funding round led by New Business Venture Fund (Icelandic: Nýsköpunarsjóður atvinnulífsins), with participation from other investors including Upphaf, Jón Ingi Hinriksson ehf, Jarðböðin, and Fjárfestingafélag Þingeyinga. Mýsköpun has been researching algae for several years, with a focus on isolating, analyzing, and cultivating… Read More Mýsköpun raises a $700K round led by New Business Venture Fund

Magnús Símonarson

Focalpay secures $1.4M in funding from SKEL

Last week, Focalpay, the Stockholm-based commerce platform that merges payment and retail processes, announced an investment of $1.4M from the Icelandic investment company SKEL, with a valuation of $14M. This recent funding round will enable Focalpay to further develop its innovative platform with new features. The CEO and Co-Founder of Focalpay is the Icelander Birkir… Read More Focalpay secures $1.4M in funding from SKEL

Magnús Símonarson

CCP Games secures a $40M funding round for a new AAA Game with blockchain technology

CCP Games, the Icelandic gaming company that created the popular sci-fi MMO EVE Online, has secured $40M in funding for a new AAA game using blockchain technology. The financing was led by Andreessen Horowitz (a16z), with participation from Makers Fund, BITKRAFT, Kingsway Capital, HASHED, Nexon, and additional participants. The funding will allow CCP Games built… Read More CCP Games secures a $40M funding round for a new AAA Game with blockchain technology

Magnús Símonarson

Slate secures investment from Aranja to simplify backend development for software development teams

Slate, an Icelandic startup that aims to make the development of web services and databases more accessible to software development teams has secured an investment from Aranja, a development studio known for creating comprehensive digital solutions. The founders of Slate, Alexander Jósep Blöndal and Birkir Örn Karlsson, have been working on the product for the… Read More Slate secures investment from Aranja to simplify backend development for software development teams

Magnús Símonarson

IS Haf is a new Icelandic $71M fund focusing on ocean related opportunities

Fund management company Íslandssjóðir just announced a new $71M (10bn ISK) fund called IS Haf fjárfestingar slhf that will invest in Icelandic ocean projects over the next years. The fund’s investment capacity is even greater if the shareholders’ co-investment authorization is taken into account. By that measure, the investment capacity could go up to $200M… Read More IS Haf is a new Icelandic $71M fund focusing on ocean related opportunities

Magnús Símonarson