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2021 Q1 acquisition roundup - Big names show interest but prices remain undisclosed

2021 Q1 acquisition roundup - Big names show interest but prices remain undisclosed

Since the beginning of this year, eight Icelandic tech firms have been partially or fully acquired by investors or tech companies, both domestic and foreign. Although some of the buyers are well-known international investment funds or companies, the size of the acquisitions remain a mystery. Icelandic firms buy fintech app

Mussila aims to scale up through an IVS led Funderbeam campaign

Mussila aims to scale up through an IVS led Funderbeam campaign

Icelandic Venture Studio (IVS) is leading the Icelandic EdTech company Mussila into a financing round via Funderbeam, an online investment platform. Mussila wants to collect at least €600k in this round but sets its goal even higher and aims to collect €1.2m from investors. Jon Gunnar Thordarson, CEO of

Kvika closes first round of financing for venture capital fund Iðunn at $53m

Kvika closes first round of financing for venture capital fund Iðunn at $53m

Kvika Asset Management has completed the financing of a new venture capital fund called Iðunn. The fund raised USD 53 million (ISK 6.7 billion) during its first round of financing. A second round is set to end in September 2021. The fund’s LPs are some of Iceland’s

Fractal 5 raises $3m seed round led by Menlo Ventures

Fractal 5 raises $3m seed round led by Menlo Ventures

Fractal 5, a startup just exiting stealth mode, just announced a $3m seed round led by Silicon Valley based Menlo Ventures with participation from Crowberry Capital. A representative from Menlo Ventures joins the board of directors of Fractal 5 following the transaction. Fractal 5 was founded in 2020 by Guðmundur

Controlant acquires data visualisation tool BI Manager for undisclosed amount

Controlant acquires data visualisation tool BI Manager for undisclosed amount

Icelandic provider of real timedigital supply chain solutions Controlant just announced it had acquired BI Manager and its product business units from Icelandic business intelligence solution provider Intenta. Financial terms will remain undisclosed. As part of the transaction, CTO and co-founder of Intenta Bjarki Elías Kristjánsson joins Controlant as VP

"Reykjavík Science City" hopes to make Reykjavík more attractive to R&D projects and investments

"Reykjavík Science City" hopes to make Reykjavík more attractive to R&D projects and investments

The collaborative project Reykjavík Science City, which aims to build a large hub for researchers and entrepreneurs in central Reykjavík, was formally established today. The project was signed by the mayor of Reykjavík along with the rectors of two of the city’s largest universities, the head of the National

American private equity firm takes majority stake in Creditinfo

American private equity firm takes majority stake in Creditinfo

The private equity firm Levine Leichtman Capital Partners has bought a majority stake in the Icelandic credit information company Creditinfo Group, according to a new press release by the company. Following this new composition of shareholders, the group has appointed Paul Randall, the former Executive Director of the company, as