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.…
Buddyphones maker Nordic Enterprises Ltd. raises $1m
Creator of kid headphones Buddyphones, Nordic Enterprises Ltd., recently announced a $1m (125m ISK) funding round. The funding was through a convertible bond purchased by local…
Hefring Marine raises an undisclosed amount from New Business Venture Fund
Hefring Marine, an Icelandic startup that builds products to increase seafarer safety and give vessel owners insights into the use of their ships, just announced a…
Raising €700K through a funding platform: an interview with Lava Cheese cofounder Guðmundur Páll Líndal
Last week we wrote about Lava Cheese raising money through Funderbeam. The story is interesting to me on several points: A company raising a solid seed amount using…
Aldin announces Waltz of the Wizard: Extended Edition
Icelandic VR developer Aldin, recently announced Waltz of the Wizard: Extended Edition, following the success of their earlier game and the highest rated VR title on…
LavaCheese raises €700k seed round through Funderbeam
Icelandic food startup Lava Cheese, recently closed a €700k seed round using fundraising platform Funderbeam. The company, which is part of a growing scene of local,…
Svana Gunnarsdóttir is the new Managing Partner at Frumtak Ventures: an interview
Frumtak Ventures currently has two funds, Frumtak and Frumtak II. They were one of the three funds announced in early 2015. They were very active for two…
The One is a new dating app based on chatting, not swiping
Last week, dating app The One was released for iOS and Android, with the goal of changing how online dating works. “Dating apps have become a…