HorseDay secures a $700K funding round led by New Business Venture Fund

HorseDay, an Icelandic startup that is developing an equestrian app that enables people to store all data and information relating to horse riding has raised $700K in a funding round led by New Business Venture Fund (i. Nýsköpunarsjóður). Other investors also participated in the round, mostly private angel investors. The funding will allow Horseday to… Read More HorseDay secures a $700K funding round led by New Business Venture Fund

Treble wins the New Nordics Pitch Competition Grand Final at Slush 2022

Treble Technologies, the Icelandic startup that develops next-generation sound simulation and spatial audio technology for digital twins and virtual worlds, won the annual New Nordics Pitch Competition Grand Final at Slush 2022 last Wednesday evening. During this event which was hosted by the startup association Silicon Vikings, some of the most prominent startups from the… Read More Treble wins the New Nordics Pitch Competition Grand Final at Slush 2022

The Esports Coaching Academy secures a $750K pre-seed funding round led by Behold Ventures

The Icelandic esports education company, Esports Coaching Academy (ECA), recently announced the closure of a pre-seed funding round led by the newly established Swedish gaming venture capital fund, Behold. ECA will receive $750K from multiple investors. In addition to Behold, Sisu Game Ventures and MGMT Ventures participated in the round. This newly acquired capital is… Read More The Esports Coaching Academy secures a $750K pre-seed funding round led by Behold Ventures

Behold Ventures raises $25.9M for a new gaming VC fund focusing on the Nordics

This week Behold Ventures, a newly established Swedish VC fund, announced that they had raised $25.9M to invest solely in the gaming industry mainly in the Nordic countries including Iceland. Behold Ventures’ mission is to enable the next generation of game entrepreneurs by calling upon the experience of the current one. The people behind Behold Ventures… Read More Behold Ventures raises $25.9M for a new gaming VC fund focusing on the Nordics

Oculis raises $80M and goes public through a SPAC merger

Oculis, a global biopharmaceutical company founded by two Icelandic professors at the University of Iceland and European Biotech Acquisition Corp, a special purpose acquisition company (SPAC), have announced they have entered into a definitive business combination agreement. After this transaction, the company will be named “Oculis Holding SA” and will work to accelerate the development… Read More Oculis raises $80M and goes public through a SPAC merger

Origo announces the sale of its remaining share in Tempo for $195M

This week, Origo, the Icelandic IT software producer, and Diversis Capital, a Los Angeles-based private equity fund that focuses on technology and software investments, agreed on Diversis’ purchase of Origo’s little less than 40% remaining share in Tempo for $195M. Origo first announced that Tempo was up for sale back in 2015. A year later,… Read More Origo announces the sale of its remaining share in Tempo for $195M

GreenBytes raises a $1M funding round led by Crowberry Capital

GreenBytes, the Icelandic green tech company for restaurants has announced a $1M pre-seed round led by Crowberry Capital, with participation from Berlin-based APX, and selected angel investors from Germany. The Reykjavik-based company, which was founded in 2020, plans to leverage machine learning to help optimize the food supply chain. The team plans to use the… Read More GreenBytes raises a $1M funding round led by Crowberry Capital