The Icelandic Directorate of Health sues Kara Connect
The Icelandic Directorate of Health has decided to sue Kara Connect, the Icelandic practice management platform for the health- and welfare sector. This decision follows a…
The team is the key: What do Icelandic investors look for in entrepreneurs?
The team is the most important factor when deciding whether to invest or not, at least according to Reykjavik University students Selma Rún Friðjónsdóttir and Tryggvi…
Kerecis’s raises $100m Series D
As Northstack reported at the end of last month, Kerecis has received a significant investment from multiple investors including the Danish investment firm KIRKBI. That coverage…
The biggest EU grant to Iceland so far goes to Carbfix
Carbfix, the established climate innovation company that turns CO2 into stone, has received approximately $117M from the European Union’s Innovation Fund. This is bigger than all previous…
Sling acquired by a huge American restaurant platform
The American restaurant platform Toast that is listed in the New York Stock exchange, has acquired Sling, an Icelandic restaurant employee scheduling start-up. The addition of…
Lucinity secures a $17M Series B funding round led by Keen Venture Partners
This week, Lucinity announced the closing of a $17 million Series B investment round, led by Keen Venture Partners. Other investors taking part in this round include…
Klang Games, an entertainment studio with strong Icelandic connections, secures $41M funding
Klang Games just announced they have secured $41 million of Series C funding from multiple investors. Animoca Brands and Kingway Capital led this funding round, but…
Gabriel Jagger, the son of The Rolling Stones star, invests $150K in Overtune
Overtune, a fast-growing Icelandic startup just raised $150K in funding from a multimedia company called Whynow. Whynow, which operates an online magazine, production house, and e-commerce…
Kerecis secures a $40M investment from the owners of LEGO
According to recent press coverage, KIRKBI, a Danish investment firm best known for being the owner of the brand LEGO, will invest $40M in the Icelandic…
3Z raises a $2M funding round for its preclinical research of new ADHD and Insomnia therapeutics
Recently, 3Z announced that it had closed a $2M funding round led by investors that have extensive experience in pharmaceuticals and medical technology. The new capital…