Latest

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

red blue and yellow textile

Twitter is hiring in Iceland

Twitter is looking for front-end programmers to work out of Iceland, according to Haraldur Thorleifsson, which started working for Twitter out of Iceland recently after Twitter aquired Ueno, a design firm he founded in 2014. Haraldur tweeted about this earlier today, in Icelandic. “Icelandic front-end programmers: Twitter is hiring in

food bird animal animals

Kría, an Icelandic Venture Initiative, takes off

Þórdís Kolbrún R. Gylfadóttir, minister of innovation, has appointed the first board of Kría, a new public innovation fund that has been dubbed as the “Icelandic Venture Initiative”. On Thursday the minister also signed regulation which enables Kría to start operating. According to the government’s budget plans, the new

Avo’s revenues increased tenfold last year

Avo’s revenues increased tenfold last year

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 closes its second fund at $65 million

Brunnur Ventures closes its second fund at $65 million

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.

iceland light city dawn

Twitter sets up a corporate entity in Iceland

Twitter has set up a corporate entity in Iceland, but Twitter Netherlands B.V. registered a branch in the Icelandic company directory in late January. The move follows Twitter’s purchase of the Icelander founded design agency Ueno. Haraldur Thorleifsson, founder of Ueno and now, a Twitter employee, said on

German investor and Bitcoin miner wants to buy a geothermal power plant in Iceland

German investor and Bitcoin miner wants to buy a geothermal power plant in Iceland

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