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Kara Connect raises $6.3m from Idunn Venture Fund

Kara Connect raises $6.3m from Idunn Venture Fund

Icelandic health tech company Kara Connect, which was founded in 2015, has completed a $6.3m financing round, led by Idunn venture fund, with the aim to support further growth in Europe. Kara Connect is a multilevel engine connecting professionals in health and welfare support to clients looking for help.

Iceland Innovation Week announces official 2022 program

Iceland Innovation Week announces official 2022 program

Iceland Innovation Week is taking place for the third time May 16-20th. The aim of the festival is to be a marketing window for Nordic innovation scene where different events in different venues around Reykjavik will take place throughout the week. Startups, investors, scaleups, innovative corporates, public institutions and innovation

Garden.io raises $16M Series A led by 468 Capital and Sorensen Ventures

Garden.io raises $16M Series A led by 468 Capital and Sorensen Ventures

Garden.io is an end-to-end development and testing platform for Kubernetes. The Berlin-based company was founded by three Icelanders in 2018. Yesterday the company announced a $16 million Series A, co-led by 468 Capital and Sorenson Ventures, with participation from existing investors Crowberry Capital, Fly Ventures and more. Garden.io

Dohop team

Dohop receives additional investment from SEP

SEP (Scottish Equity Partners), who previously had invested an undisclosed amount into Dohop in late 2020, invested additional capital into Dohop. The size of this round is also undisclosed but according to a press release the amount is in the millions of dollars. Dohop, which is a search engine for

Arctic Theory raises a $2m round from Brunnur

Arctic Theory raises a $2m round from Brunnur

The Icelandic gaming studio Arctic Theory was founded by gaming veterans Gísli Konráðsson, Matthías Guðmundsson, Snorri Sturluson and Jón Bjarni Bjarnason. The four of them all have connections in some way to CCP Games and EVE Online which connects them. However, individually they also boast impressive resumés, where parts of

SalesCloud secures a $4M funding round led by SaltPay

SalesCloud secures a $4M funding round led by SaltPay

The Icelandic fintech startup SalesCloud has secured a $4M funding round led by SaltPay and a group of Icelandic investors. SalesCloud’s software provides SMBs increase sales in-store and online with actionable insights and solutions. According to a company press release, the company has been growing steadily over the past

Funding Report Followup: Our data and method

In our recent 2021 funding report we decided to highlight the gender composition of the founding teams we tracked throughout the year. The figure, 22 all-male teams, 3 mixed teams and 0 all female teams has stirred up some conversations. (Insert: We have since learned that one of the teams