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Avo, an Icelandic start-up helping teams track and manage analytics governance, increased its revenues tenfold over the last year, and just launched an update to its product – titled Avo for PM’s – on Product Hunt. Last September, Avo announced it raised a $3 million seed round from investors like GGV,

Brunnur Ventures GP is launching its sequel venture fund (“Brunnur II”) of USD 65 million (ISK 8.3 billion) in co-operation with Landsbréf, according to Brunnur’s press release. The fund’s LPs include ten Icelandic pension funds and Landsbanki. This is the second venture fund of Brunnur Ventures.

Marco Andreas Streng, founder and CEO of Genesis Mining, expressed his interest in buying a geothermal power plant in Iceland in an interview with Viðskiptablaðið earlier this week. Streng, who is 32 years old and from Germany, founded Genesis Mining in 2013. A year later, the company started operating in

Five teams are currently participating in the Startup Orkídea business accelerator, a joint program by Icelandic Startups and Orkídea. Startup Orkídea is a new platform for the development of business ideas and innovation projects related to sustainable solutions in the field of high-tech food production and biotechnology. Each of the