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'Awesome Reykjavik' launches to assist people settling in Reykjavik

'Awesome Reykjavik' launches to assist people settling in Reykjavik

Last week, a new community organised website – Awesome Reykjavik – launched with the goal of assisting people moving from abroad to Iceland getting settled in Iceland. “The idea is to speed up the time it takes for immigrants to get settled, by creating a guide in English,” Jökull Sólberg, one of

1939 Games secures further $1.9M funding in its latest investment round

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, led by Icelandic VC fund Crowberry Capital, CEO of CCP Games Hilmar Veigar Pétursson and Helsinki-based VC Sisu Game Ventures. The investment will be used

Covid Response: The Startup Edition

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 the Covid outbreak. The package ranged from grants for companies that had to close due to bans on gatherings, to 100% backed loans (sounds similar

What's up with the constant "Annual Report"-reporting?

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 of the annual report of Brunnur Ventures, states the following: “In the fund’s books, a 1.9% share of Grid is valued

IMS Vintage Photos announces partnership with Catawiki

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 in the digitization process of physical photographs, and partner with newspaper archives all over the world to get access to their historic and original

Tyme Wear raises approx. $1.4m (200m ISK) from the New Business Venture Fund

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 developing a wearable fitness technology that helps athletes personalize their training by accurately measuring their fitness thresholds from their breathing. “This funding will

Kerecis partners with National Hospital of Iceland to evaluate effectiveness of Kerecis products on COVID-19 patients

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. The trial follows successful off-label use on Italian patients with COVID-19 symptoms. Omega3 Viruxide is a virucidal and bactericidal system used in