Smitten raises 2.7m$ in a funding round led by byFounders
Smitten, a dating app for Generation Z and others who think online dating should be fun, has recently closed a 2.7m$ seed funding round led by…
Frumtak closes a third VC fund at 57m$
Frumtak Ventures has closed a new 57m$ (7 billion ISK) VC fund, Frumtak III, which will invest in startups that are in their first stages of…
A year on, Secure Code Warrior has fully integrated Adversary and looks to expand its Reykjavik team
Last year, Adversary, an Icelandic company revamping security education to minimize cybercrime, was acquired by the Australian based secure coding company Secure Code Warrior. Now, more…
Algalif to invest 30m$ in expanding its production facilities
Algalif, a leader in the production of natural astaxanthin from microalgae, has started expanding its production facilities in Reykjanesbær, Iceland. According to a press release, the…
29 innovation projects outside the capital area receive grants from the Lóa fund
A total of 29 projects have received grants from Lóa – a special grant program for innovation projects located outside the capital area. The total amount…
Fifty-nine people have already moved to Iceland on Remote Worker Visas
The Icelandic Directorate of Immigration has received a total of 111 applications for residence permits on the basis of rule changes, which were made last autumn…
Icelandic Startups & Tech Roundup on May 31
Here are some of the things that have been happening in the Icelandic innovation ecosystem lately. Nine teams participate in Startup SuperNova Nine companies have been…
Iceland Innovation Week has started
Guðni Th. Jóhannesson, the president of Iceland, kicked off the Iceland Innovation Week earlier today. This is the first festival held in Iceland after the last…
Eyrir Vöxtur to collaborate with MIT
Eyrir Vöxtur has signed a contract with MIT DesignX, a sought-after venture accelerator at MIT University. Following the contract, companies in which Eyrir Vöxtur, Eyrir Venture…
Unity Co-Founder will start a new investment fund and move to Iceland
Davíð Helgason, Co-Founder and former CEO of the software company Unity Technologies, will move to Iceland this summer and start an investment fund along with his…