Florealis launches fundraising campaign through Funderbeam
Today, Florealis, an Icelandic herbal medicine company, launched an equity fundraising campaign on Funderbeam. The funding will be used to support the company’s growth in Sweden…
Minister of Innovation announces Kría, the Icelandic Venture Initiative
Þórdís Kolbrún R. Gylfadóttir, the minister of innovation, just announced plans for Kría an Icelandic Venture Initiative at the Federation of Icelandic Industry’s (SI) Technology Summit…
Northstack is asking for your help
Northstack has since 2015 covered, gathered data on, analysed, commented, and discussed the Icelandic startup, innovation and venture ecosystem. What started as a simple blog has…
Reykjavík continues winning – in the per capita game
Silicon Valley has, for many years, been a global center for technology and innovation. Still, more and more people have started to wonder if the region…
Kara Connect raises €1.2 million funding round from The New Business Venture Fund
Kara Connect, the only GDPR compliant online therapy and practice management platform in Iceland, just raised a €1.2 million funding round, bringing in The New Business…
Mainframe Industries – founded by former CCP, NextGames and Remedy devs – raise €2m
Mainframe Industries, a new, Reykjavik-based but pan-Nordic gaming company, has raised €2m (~$2.2m) in seed funding to build what they describe as “the first MMO specifically…
The Best Year Yet: Funding Report for 2018
In this somewhat-late funding report, we look at VC and startup funding in 2018. We nicknamed 2017 “the year of the seed round” due to a…
Private Equity fund SIA III acquires Men&Mice
Icelandic software company Men&Mice has been acquired by private equity fund SÍA III, which is managed by Stefnir. The acquisition price remains undisclosed. New Business Venture…
Figuring out how to move to Iceland just became easier with the opening of Work in Iceland
Today, Þórdís Kolbrún Reykfjörð Gylfadóttir, the minister for tourism, industry, and innovation, formally opened Work in Iceland, a “one-stop shop to provide comprehensive information about the…
Interview with Pétur Ólafsson, founder of BuddyPhones and ONANOFF
In today’s multi-media content driven world, kids of all ages are exposed to sound all the time, more often than not viewing or listening with headphones.…