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geoSilica, just announced a $425,000 Series A round led by pension fund Lífsverk, with earlier investors participating. This funding round follows a $330,000 angel round in September 2018. After the round, Lífsverk owns a 6,7% share of GeoSilica, valuing the company at roughly $6.2m. Spakur finance

EpiEndo Pharmaceuticals announced yesterday a fundraise of €800k from a syndicate of local funds and angels including Brunnur Ventures, with participation from existing shareholders. The funds will be used to advance the pre-clinical development of their lead program of proprietary products called “Barriolides” for the treatment of Chronic Obstructive Pulmonary

Reykjavik and Berlin based identity verification startup Authenteq, announced today a $5m first close in a Series A round. The round is led by Draper Associates and capital300. The company raised a $1.3m seed round a little over a year ago. In a statment, Kári Thor Rúnarsson co-founder and

Icelandic Crypto Fintech startup Monerium just announced a $2m seed round led by Icelandic VC fund Crowberry Capital. Also participating in the round were blockchain company ConsenSys and Hof Holdings. Tech EU reports. In addition to a new funding round, the company announced that it had applied to become a

In two press releases today, Iceland founded Oculis Pharma announces an extension to their Series B round amounting to $15.7m (15.5m CHF), and an expansion to its portfolio through the licensing a novel antibody from Novartis. No financials are disclosed in relation to the licensing. “Oculis is evolving

Ankeri Solutions, the startup creating a shipping marketplace that rewards efficient, low-emissions vessels, just announced a $500k seed round led by NSA Ventures. The investment gives NSA Ventures a 12% ownership stake in the company. “We’ve been following Leifur and Kristinn for a long time and know of their