Welcome to Northstack -- The site is on hiatus, but writing continues on https://memo.northstack.is

Latest

The outlook for the Icelandic startup ecosystem in 2017

The outlook for the Icelandic startup ecosystem in 2017

A record year in startup investments in Iceland Late last week, we published our annual funding report, summarizing the highlights in Icelandic startup and tech dealflow and funding. The highlights are the following: * Record in number of investments, 19 investments recorded. * Huge drop in total capital deployed, due to three

A record number of startup investments: The 2016 Iceland Funding Report

http://code.jquery.com/jquery-3.1.1.min.js https://cdnjs.cloudflare.com/ajax/libs/Chart.js/2.3.0/Chart.min.jsAfter an incredible 2015, where Iceland contributed more than 10% of deployed venture capital in the Nordic region, 2016 shows continued growth in number of investments, while total

Why is it so important that TravAble recieved funding

A social enterprise gets funding from the Icelandic Technology Development Fund The Icelandic Technology Development Fund announced its funding just before Christmas. 25 companies received grants ranging from $85K to $420K. There is a wide range of startups on the list, from VR to Robotics, from Ed-Tech to Food tech.

Paula Gould joins Frumtak Ventures as Principal

Paula Gould joins Frumtak Ventures as Principal

Paula Gould, who has worked with startup companies in the US, Israel, and Iceland on marketing, branding, and business development, will join Frumtak Ventures as a Principal to spearhead international brand and marketing initiatives. “I’m thrilled to be joining Frumtak’s team and looking forward to working with their

Crowberry Capital, and the funding environment report

Crowberry Capital, and the funding environment report

Innovation ministry releases report on startup financing From the ministry’s website: On the basis of the action plan for entrepreneurship and innovation, Initative and Progress, announced by Ragnheiður Elín Árnadóttir, minister of Industry and Commerce, in December 2015, a detailed mapping of the startup funding environment has been made.

The companies funded by the Technology Development Fund

Mid-December is an important time for the Icelandic startup community, because the biggest financial supporter of startups announces what companies receive funding. 25 projects will be offered a grant, for a total of 450m ISK (~3.75m). The grants come in several types, Company grants, which can range from 20-70m

Former NSA Ventures investors raising new early stage fund: Crowberry Capital

CEO of NSA Ventures Helga Valfells, and two investment managers – Hekla Arnardóttir and Jenný Ruth Hrafnsdóttir – just announced that they will be leaving NSA Ventures to found a new VC fund: Crowberry Capital. They’re currently raising the fund. “There’s a need for an early stage investor right now