LearnCove, a digital training platform that simplifies training processes, has raised a little more than $900K in a recent funding round as reported by Viðskiptablaðið. Two shareholders, Hilmar Veigar Pétursson, the CEO of CCP Games, and Info Capital, an investment firm owned by Reynir Grétarsson, increased their stake in the company. On top of that… Read More LearnCove secures a $900K funding round
In the middle of 2021, Crowberry announced that they had raised funding for a new fund called Crowberry II. Back then, they raised $90M from multiple LP, including The EIF (European Investment Fund), Icelandic pension funds, several family offices, and angels including David Helgason, founder of Unity Technologies. Below is our coverage of the subject… Read More Crowberry Capital raises $17.5M to close its fund Crowberry II
The Icelandic digital supply chain visibility provider Controlant plans to issue new shares in Q1 as reported by Fréttablaðið. The amount of capital the company hopes to raise has not been decided. This funding will play a vital role in Controlant’s future expansion, the company is on the verge of implementing its solutions to markets… Read More Controlant to raise funds in the near future
Arctic Therapeutics has been selected as one of Europe’s high potential Small and Medium Enterprises (SMEs) to be awarded funding from the European Innovation Council (EIC) Accelerator. Arctic Therapeutics will receive $13.3M from the Accelerator, consisting of a $2.7M grant from the EIC combined with a $10.6M direct equity investment through the EIC Fund. An Icelandic… Read More Arctic Therapeutics awarded $13.3M in funding from the European Innovation Council
Hopp, the Icelandic e-scooter rental company, has secured funding from an Icelandic asset management company called Glymur and Nefco, a Nordic finance institution that finances sustainable projects globally. The total investment is roughly $4.7M as reported by Viðskiptablaðið. Hopp has established itself as the market leader in the e-scooter rental industry in Iceland. The company’s… Read More Hopp secures $4.7M from Glymur and Nefco
An alternative investment fund operated by Glymur, an Icelandic asset management company with a focus on credit-related products, invested last week in the international digital therapeutics leader Sidekick Health for $11.3M. This investment adds to a Series B funding round that Sidekick raised last May. That round was led by Novator Ventures, an international private… Read More Glymur invests in Sidekick Health for $11.3M
The Reykjavík-based sound simulation startup, Treble, has received $7.6M in funding. The funding consists of approximately $5.2M in seed funding in a round led by Frumtak Ventures. NOVA, the venture arm of Saint-Gobain which is one of the world’s largest building materials companies, and several angel investors also participated in the round. The other roughly… Read More Treble secures $7.6M ahead of a product launch in early 2023
Nox Health, the Icelandic sleep health company with global operations, recently announced a strategic growth investment from Vestar Capital Partners, a U.S. middle-market private equity firm. Vestar will acquire shares from existing shareholders, mainly Alfa Framtak, as well as newly issued shares. The investment will help Nox accelerate the development of its sleep diagnostic technology and… Read More U.S. private equity firm invests heavily in Nox Health
Genis, the Icelandic biotechnology company, recently issued additional shares for $17M. Numerous investors, including Andri Sveinsson, Sigþór Sigmarsson, and Sigurgeir Guðlaugsson, the CEO of Genis will now be joining the shareholder group. The Icelandic insurance company TM Tryggingar and Yanu Holdings, a global investment firm, also took part in the round. The new capital is… Read More Genis raises $17M in a recent funding round
Last month, the Icelandic startup Driftline announced it had secured $800k in seed funding and that it has developed the world’s first algorithm for the accurate and simple quantification of human endurance. This algorithm is the result of 20 years of R&D in advanced heart rate kinetics. The funding that Driftline has raised comes from… Read More Driftline raises $800K and launches the world’s first algorithm to quantify human endurance
