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Andri Heiðar Kristinsson joins Frumtak Ventures as partner

Andri Heiðar Kristinsson joins Frumtak Ventures as partner

Andri Heiðar Kristinsson is joining Frumtak Ventures as partner and investment manager where he will play a key role in leading Frumtak‘s new investments as well as supporting the existing portfolio along with current partners. This was announced in a press release by Frumtak earlier today. Frumtak is a

Payday acquired by European software company Visma

Payday acquired by European software company Visma

Payday, the Icelandic cloud accounting and payroll software company was acquired by Visma, a European software provider. The acquisition is Visma’s first market entry in Iceland, having already established themselves in the Nordic region. Their ambition is to establish Payday as the leading player in the Icelandic market. Payday

Nordic Ignite invests in four early-stage Nordic startups

Nordic Ignite invests in four early-stage Nordic startups

Nordic Ignite, an angel investment firm that focuses on providing early-stage capital to startups has invested in four Nordic startups this year. One of their investments, Keeps, is an Icelandic travel software company. The firm, whose co-founders include Ragnheiður H. Magnúsdóttir, Sigurjón Magnússon, and Ágústa Ýr Þorbergsdóttir, focuses on pre-seed

Transition, a new climate-focused venture capital firm launches

Transition, a new climate-focused venture capital firm launches

Transition, a new climate tech venture capital firm that focuses on Seed and Series A startups recently launched, as reported by Bloomberg. Climate investor and Icelandic entrepreneur, David Helgason, is a general partner in the new venture, which has already invested in nine companies including ocean carbon removal startup Running

Keystrike secures pre-seed funding from Philippe Langlois, cybersecurity entrepreneur

Keystrike secures pre-seed funding from Philippe Langlois, cybersecurity entrepreneur

The Icelandic cybersecurity startup Keystrike has secured funding from Philippe Langlois, founder of cybersecurity company Qualys (QLYS) which is currently valued at over $4 billion. Keystrike’s technology was invented by Ymir Vigfusson, Associate Professor at Emory University, to rethink multi-factor authentication. “Keystrike seals off the path that is commonly

Smári McCarthy, CEO of Ecosophy and Steph Matti, COO of Ecosophy

Ecosophy's 'OverView' wins in EU Space Agency competition

Ecosophy’s prototype for its platform OverView is among the winners of the EU Space Agency’s (EUSPA) innovation competition. Ecosophy is an Icelandic startup focusing on making environmental data actionable, in part by making access to data from EUSPA’s Copernicus system accessible. The company received a prize of

Kerecis becomes Iceland's first Unicorn after being acquired by Coloplast for up to $1.3 billion

Kerecis becomes Iceland's first Unicorn after being acquired by Coloplast for up to $1.3 billion

Kerecis has signed an agreement with Coloplast, the Danish medical device manufacturer, to be acquired for up to $1.3 billion, making them Iceland’s first Unicorn company. In today’s Kerecis business meeting, which took place in Ísafjörður where they have a manufacturing facility, Fertram Sigurjónsson, founder and CEO