1939 Games secures further $1.9M funding in its latest investment round
Independent game developer 1939 Games – which released their first game KARDS last week – just announced that it has secured a further $1.9 million investment,…
Covid Response: The Startup Edition
Yesterday, the leaders of the Icelandic government announced the so-called “Package number 2” – a set of economic stimulus initiatives to support the Icelandic economy following…
What’s up with the constant “Annual Report”-reporting?
Last week, Viðskiptablaðið published a news article titled “Grid valuated at 1.7bn ISK” (or ~12m at current exchange rates). The article, which is reporting straight out…
IMS Vintage Photos announces partnership with Catawiki
IMS Vintage Photos recently announced that it has joined forces with Catawiki, a renowned online auction platform for buying and selling antiques and collectibles. IMS specialises…
Tyme Wear raises approx. $1.4m (200m ISK) from the New Business Venture Fund
Tyme Wear has secured approximately 200 million ISK (~$1.4m) in funding led by the New Business Venture Fund. Tyme Wear is an Icelandic and US-based startup…
Kerecis partners with National Hospital of Iceland to evaluate effectiveness of Kerecis products on COVID-19 patients
Kerecis and the National Hospital of Iceland are conducting a randomized, controlled, double-blind clinical study to evaluate the effectiveness of the Kerecis Omega3 Viruxide system on COVID-19 patients.…
Responsible Foods secures seed funding
Responsible Foods, an Icelandic healthy snack company founded in 2019, just finalized their first round of funding. The amount remains undisclosed but is described as between…
“Banks as big, one-stop-shops are, in our view, on their way out” – An interview with indó cofounder Haukur Skúlason
This week, challenger bank indó announced €1m in funding. Following that announcement, Northstack interviewed Haukur Skúlason, cofounder of indó, on the opportunity. This was originally a…
Health food startup Good Good raises $3m in funding
The Icelandic health-food startup Good Good just announced having raised $3m (400m ISK) funding, with the assistance of Arcur Finance. The funding will be used to…
HousingAnywhere acquires Rentmate, the largest medium-term rental platform in Iceland
HousingAnywhere recently announced its acquisition of the Icelandic rental platform Rentmate. “The acquisition is a further step in reaching the goal of becoming the largest end-to-end…