U.S. private equity firm invests heavily in Nox Health

Nox Health, the Icelandic sleep health company with global operations, recently announced a strategic growth investment from Vestar Capital Partners, a U.S. middle-market private equity firm. Vestar will acquire shares from existing shareholders, mainly Alfa Framtak, as well as newly issued shares. The investment will help Nox accelerate the development of its sleep diagnostic technology and… Read More U.S. private equity firm invests heavily in Nox Health

Magnús Símonarson

Genis raises $17M in a recent funding round

Genis, the Icelandic biotechnology company, recently issued additional shares for $17M. Numerous investors, including Andri Sveinsson, Sigþór Sigmarsson, and Sigurgeir Guðlaugsson, the CEO of Genis will now be joining the shareholder group. The Icelandic insurance company TM Tryggingar and Yanu Holdings, a global investment firm, also took part in the round. The new capital is… Read More Genis raises $17M in a recent funding round

Magnús Símonarson

Driftline raises $800K and launches the world’s first algorithm to quantify human endurance  

Last month, the Icelandic startup Driftline announced it had secured $800k in seed funding and that it has developed the world’s first algorithm for the accurate and simple quantification of human endurance. This algorithm is the result of 20 years of R&D in advanced heart rate kinetics. The funding that Driftline has raised comes from… Read More Driftline raises $800K and launches the world’s first algorithm to quantify human endurance  

Magnús Símonarson

HorseDay secures a $700K funding round led by New Business Venture Fund

HorseDay, an Icelandic startup that is developing an equestrian app that enables people to store all data and information relating to horse riding has raised $700K in a funding round led by New Business Venture Fund (i. Nýsköpunarsjóður). Other investors also participated in the round, mostly private angel investors. The funding will allow Horseday to… Read More HorseDay secures a $700K funding round led by New Business Venture Fund

Magnús Símonarson

Treble wins the New Nordics Pitch Competition Grand Final at Slush 2022

Treble Technologies, the Icelandic startup that develops next-generation sound simulation and spatial audio technology for digital twins and virtual worlds, won the annual New Nordics Pitch Competition Grand Final at Slush 2022 last Wednesday evening. During this event which was hosted by the startup association Silicon Vikings, some of the most prominent startups from the… Read More Treble wins the New Nordics Pitch Competition Grand Final at Slush 2022

Magnús Símonarson

The Esports Coaching Academy secures a $750K pre-seed funding round led by Behold Ventures

The Icelandic esports education company, Esports Coaching Academy (ECA), recently announced the closure of a pre-seed funding round led by the newly established Swedish gaming venture capital fund, Behold. ECA will receive $750K from multiple investors. In addition to Behold, Sisu Game Ventures and MGMT Ventures participated in the round. This newly acquired capital is… Read More The Esports Coaching Academy secures a $750K pre-seed funding round led by Behold Ventures

Magnús Símonarson

Behold Ventures raises $25.9M for a new gaming VC fund focusing on the Nordics

This week Behold Ventures, a newly established Swedish VC fund, announced that they had raised $25.9M to invest solely in the gaming industry mainly in the Nordic countries including Iceland. Behold Ventures’ mission is to enable the next generation of game entrepreneurs by calling upon the experience of the current one. The people behind Behold Ventures… Read More Behold Ventures raises $25.9M for a new gaming VC fund focusing on the Nordics

Magnús Símonarson

Oculis raises $80M and goes public through a SPAC merger

Oculis, a global biopharmaceutical company founded by two Icelandic professors at the University of Iceland and European Biotech Acquisition Corp, a special purpose acquisition company (SPAC), have announced they have entered into a definitive business combination agreement. After this transaction, the company will be named “Oculis Holding SA” and will work to accelerate the development… Read More Oculis raises $80M and goes public through a SPAC merger

Magnús Símonarson