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Solid Clouds raises $5.8 million in an oversubscribed share offering

Solid Clouds raises $5.8 million in an oversubscribed share offering

Solid Clouds has received orders in excess of the maximum number of Offer Shares in the company’s IPO that finished today. The maximum number of new shares sold in the offering had been limited to 58 million. The offer price was fixed at 12.5 kr. per share, so

Five°degrees launches the cloud banking platform °neo

Five°degrees launches the cloud banking platform °neo

The Icelandic/Dutch Fintech startup five°degrees formally unveiled its new cloud-native core banking platform, °neo, this Thursday. In an interview with Morgunblaðið, Björn Hólmþórsson – the company’s CEO in Iceland – says that the platform will revolutionise the international financial sector. According to Hólmþórsson, °neo offers a holistic solution for

Solid Clouds IPO starts next week

Solid Clouds IPO starts next week

The Icelandic video game company will start their Initial Public Offering (IPO) on the Nasdaq First North stock exchange, which is a part of Nasdaq Nordic, on Monday morning next week and ends on Wednesday afternoon. Arion Bank will be the manager of the IPO. Solid Clouds is a video

Smitten raises 2.7m$ in a funding round led by byFounders

Smitten raises 2.7m$ in a funding round led by byFounders

Smitten, a dating app for Generation Z and others who think online dating should be fun, has recently closed a 2.7m$ seed funding round led by byFounders, a community powered New Nordic VC. PROfounders, Brunnur Ventures, Inventures, Tiny.vc and several angel investors also partook in this round of

Frumtak closes a third VC fund at 57m$

Frumtak closes a third VC fund at 57m$

Frumtak Ventures has closed a new 57m$ (7 billion ISK) VC fund, Frumtak III, which will invest in startups that are in their first stages of financing and are deemed to have growth opportunities in international markets. According to a press release, the new fund will not specialize in any

A year on, Secure Code Warrior has fully integrated Adversary and looks to expand its Reykjavik team

A year on, Secure Code Warrior has fully integrated Adversary and looks to expand its Reykjavik team

Last year, Adversary, an Icelandic company revamping security education to minimize cybercrime, was acquired by the Australian based secure coding company Secure Code Warrior. Now, more than a year later, Secure Code Warrior has embedded both Adversary’s staff and technologies into its platform and is currently looking to expand

Algalif

Algalif to invest 30m$ in expanding its production facilities

Algalif, a leader in the production of natural astaxanthin from microalgae, has started expanding its production facilities in Reykjanesbær, Iceland. According to a press release, the company will invest 30m$ in the expansion. When the expansion of the facilities will be completed in 2023, Algalif’s 12.500 m² facilities