lauf

Lauf closes a $2M funding round

Guðberg Björnsson og Benedikt Skúlason, founders of Lauf

Icelandic bicycle startup Lauf has just closed a $2M funding round which values the company at around $23M. The majority of the capital came from new shareholders, but Lauf had previously raised $2.5M from the New Business Venture Fund.

The company’s yearly revenue has doubled for the last 3 years and this year the company reached profitability with revenue close to $7.5M. According to a press release the funds raised will be used to fuel growth in the US market where 80% of their revenue comes from and the company recently set up an office in Virginia.

Keystrike secures pre-seed funding from Philippe Langlois, cybersecurity entrepreneur

The Icelandic cybersecurity startup Keystrike has secured funding from Philippe Langlois, founder of cybersecurity company Qualys (QLYS) which is currently valued at over $4 billion. Keystrike’s technology was invented by Ymir Vigfusson, Associate Professor at Emory University, to rethink multi-factor authentication. “Keystrike seals off the path that is commonly

Smári McCarthy, CEO of Ecosophy and Steph Matti, COO of Ecosophy

Ecosophy's 'OverView' wins in EU Space Agency competition

Ecosophy’s prototype for its platform OverView is among the winners of the EU Space Agency’s (EUSPA) innovation competition. Ecosophy is an Icelandic startup focusing on making environmental data actionable, in part by making access to data from EUSPA’s Copernicus system accessible. The company received a prize of

Kerecis becomes Iceland's first Unicorn after being acquired by Coloplast for up to $1.3 billion

Kerecis has signed an agreement with Coloplast, the Danish medical device manufacturer, to be acquired for up to $1.3 billion, making them Iceland’s first Unicorn company. In today’s Kerecis business meeting, which took place in Ísafjörður where they have a manufacturing facility, Fertram Sigurjónsson, founder and CEO

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