Kerecis raises $16m Series C
Kerecis, the medical fish skin company, just announced a $16m series C financing. The company sold new shares to the value of $10m, and converted $6m…
Here are the ten participating companies in Startup Reykjavik’s 8th cohort
Startup Reykjavik, Iceland’s main accelerator, is running its eighth batch this summer. The accelerator, owned and funded by Arion Bank and operated by Icelandic Startups, received…
Lucinity raises $2m to build their “augmented intelligence” anti-money-laundering solution
Lucinity, an Icelandic startup working in the anti-money-laundering space, just announced a $2m seed round led by Crowberry Capital, with participation from Preceptor Capital and international…
Medical Device company Freyja HealthCare raises $1m Series A
Boston Based Freyja HealthCare, a medical device company founded by Jón Ívar Einarsson, MD and professor at Harvard Medical School, just announced a $1m (120m ISK)…
Lessons learned from raising – yet another – round
It’s incredible – even to me – but the fundraising round we at GRID disclosed last week is the 10th time I raise capital for one…
Lauf Forks raise $2.5m led by New Business Venture Fund
Icelandic bicycle manufacturer Lauf Forks has just announced a $2.5m (300m ISK) funding round led by New Business Venture Fund (Nýsköpunarsjóður). The funding will be used…
GRID raises an additional $3.5m seed round led by BlueYard capital
GRID, the SaaS company with the goal of “freeing the spreadsheet,” just announced a $3.5m seed funding round, only five months after their initial $1m angel round.…
Avo becomes first Icelandic company to be selected for Y Combinator
Avo, the SaaS company preventing human error when implementing analytics, is the first Icelandic company to be accepted into Y Combinator, widely regarded as the world’s…
Nordic Web Ventures announces Fund II
The Nordic Web, just announced that it has raised its second investment fund. The company, founded and led by Neil S W Murray, has been investing…
Drone startup Flygildi raises angel funding
Drone startup Flygildi, which is creating a drone that is disguised as a bird, flies flapping wings, and is undetectable by radar, has raised an angel…