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Monerium becomes world's first company to be granted e-money license

Monerium becomes world's first company to be granted e-money license

Icelandic blockchain startup, which recently raised a $2m seed round led by Crowberry Capital with participation from ConsenSys – a major player in the blockchain space, has just been granted an e-money license by the Icelandic Financial Supervisory Authority. I usually don't brag but I'm pretty proud

Kerecis raises $16m Series C

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 of promissary notes at the time of closing. Investors include Emerson Collective, which was founded by Laurene Jobs, the widow of late Steve Jobs

Here are the ten participating companies in Startup Reykjavik's 8th cohort

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 around 200 applications, ten of which were selected for the program which kicks off this Tuesday, June 11th. Baseparking: A valet parking service

Lucinity raises $2m to build their "augmented intelligence" anti-money-laundering solution

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 angel investors. “In Lucinity, we saw a team that has tremendous relevant execution experience and an extremely innovative approach that we believe will be

Medical Device company Freyja HealthCare raises $1m Series A

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) financing by undisclosed, Icelandic investors. The round values the company at 1,000m ISK (~$8.3m) post money. Spakur assisted with the financing round.

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 of my ventures. Admittedly this one was in many ways unique, and also the largest one. Yet. Despite this, I’m still learning. For one

Lauf Forks raise $2.5m led by New Business Venture Fund

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 to grow in the United States. “The bicycles from Lauf Forks have been well received in the United States, so focusing on growth