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NSA and Kría to be merged

NSA and Kría to be merged

Áslaug Arna Sigurbjörnsdóttir, Minister of Higher Education, Science and Innovation, published plans to merge Nýsköpunarsjóður atvinnulífsins (NSA or The New Business Venture Funds) and Kría (Iceland Venture Initiative). While NSA invests in startups, Kría invests in VC funds operating in Iceland. Addressing the new initiative, Áslaug

Quest Portal raises $7.6M and launches tabletop role-playing game subscription

Quest Portal raises $7.6M and launches tabletop role-playing game subscription

Reykjavík-based Quest Portal announced the launch of Quest Portal Pro, a subscription platform for playing tabletop role-playing games (TTRPGs) on both desktop and mobile devices. Founded in 2021, Quest Portal has raised $7.6M from investors including Lakestar and Moonfire, Brunnur, other Icelandic investors, and gaming industry veterans like Bing

"Defend Iceland" Secures $2.6M grant from EU Commission's Digital Europe Plan

"Defend Iceland" Secures $2.6M grant from EU Commission's Digital Europe Plan

Defend Iceland is a cybersecurity project led by Theodor Ragnar Gislason, the Chief Technology Officer and Head of Innovation at Syndis, that received a $2.6M grant from the European Commission as part of the Digital Europe plan. The funding will be used to create a nationwide bug bounty platform

Sidekick Health acquires aidhere to add regulated Prescription Digital Therapeutics to its portfolio

Sidekick Health acquires aidhere to add regulated Prescription Digital Therapeutics to its portfolio

Sidekick Health, a global leader in digital health, is acquiring aidhere, the German developer of prescription digital therapeutics (PDT). The move will expand Sidekick Health's offerings by expanding into the direct prescribing space working collaboratively with healthcare providers. By integrating aidhere’s expertise and products into its portfolio,

Flygildi Emerges from Stealth at DroneX 2023 with $1.2M in Seed Funding

Flygildi Emerges from Stealth at DroneX 2023 with $1.2M in Seed Funding

Flygildi, an Icelandic startup developing a drone that looks and flies like a bird, emerged from stealth at the DroneX Expo, Europe's largest event dedicated to the Unmanned Aerial Vehicle (UAV) industry. The company has had $1.2M in seed funding from a range of Icelandic business angels

Peregrine Hydrogen raises a $7.8M seed round to develop clean hydrogen

Peregrine Hydrogen raises a $7.8M seed round to develop clean hydrogen

Peregrine Hydrogen, a climate tech company focused on producing green hydrogen, announced an oversubscribed $7.8M seed round led by Bidra with participation from Builders, Gates Frontier, Presidio Ventures, RiSC Capital and Schox. The funding will be used to refine and scale-up proprietary technology and expand the technical team based

Rocky Road Games Secures $3M Seed Funding Led by Luminar Ventures

Rocky Road Games Secures $3M Seed Funding Led by Luminar Ventures

Rocky Road Games, a mobile gaming startup from the founders of QuizUp and Trivia Royale, announced a $3 million seed round led by Luminar Ventures. Existing investors, Crowberry Capital and Sisu Ventures also participated in the round along with angel investors David Helgason, founder of Unity, and Matthew Wilson, a