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Kristinn Pálmason joins Eyrir Venture Management as Managing Director

Kristinn Pálmason joins Eyrir Venture Management as Managing Director

Kristinn Pálmason has joined Eyrir Venture Management (EVM) as Managing Director. Kristinn will lead the company in operating and managing the investment funds Eyrir Vöxtur and Eyrir Sprotar, in addition to managing shares in Carbon Recycling International. Herdís Dröfn Fjeldsted, chairman of the board of Eyris Venture Management says, “It

Controlant receives $40M in new financing from Apax Credit Funds

Controlant receives $40M in new financing from Apax Credit Funds

Controlant, the digital pharmaceutical supply chain company, announced $40 million in new financing from Apax Credit Funds that will help the company accelerate growth and expand its offerings to global customers in the supply chain technology sector. “As pharma companies continue to innovate at pace and introduce breakthrough medicines and

Sundra raises an angel round from Nordic Ignite and Founders Ventures

Sundra raises an angel round from Nordic Ignite and Founders Ventures

The Icelandic startup Sundra has raised a $250K angel round led by the investment funds Nordic Ignite and Founders Ventures. Sundra, which was founded last year by Haukur Guðjónsson, Magnús Þór Jónsson and Þórunn Jónsdóttir, uses artificial intelligence to automate video post-production for events. The funding will be used towards

Natural health companies Florealis and SagaNatura merge

Natural health companies Florealis and SagaNatura merge

Icelandic herbal medicine company, Florealis, will merge with SagaNatura, a biotech company making health products from plants, which will allow for expansion and growth in international markets. Florealis has raised several rounds of funding, including $3.8M in investment from NSA Ventures and a fundraising campaign through Funderbeam. “My opinion

Icelandic game developers, Ghosts, announce new video game Phantom Spark

Icelandic game developers, Ghosts, announce new video game Phantom Spark

Ghosts, the indie game development studio based in Reykjavík, announced the launch of their new racing game, Phantom Spark. The game has been in development since 2021 by Torfi Asgeirsson and Joon Van Hove after they secured a funding and publishing deal with the UK Games-publisher Coatsink. “It’s so

SNERPA Power raises $2.4M in a round co-led by Crowberry Capital and BackingMinds

SNERPA Power raises $2.4M in a round co-led by Crowberry Capital and BackingMinds

SNERPA Power, the Icelandic startup founded in 2022 that uses real-time data to balance the energy grid and lower CO2 emissions, raised an oversubscribed first round of funding, co-led by VCs, Crowberry Capital and BackingMinds. The investment will be used for international expansion and further product development. SNERPA Power’s

Laki Power secures a $3M financing round led by Eyrir Vöxtur

Laki Power secures a $3M financing round led by Eyrir Vöxtur

Laki Power, which develops and produces surveillance stations to monitor the status of high-voltage lines, recently secured $3 million in financing. Eyrir Vöxtur led the funding round along with Brunnur Ventures and their current shareholders. The round of funding will support product development, additions to the current team, and continued