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The Memo: First look at Startup Reykjavik

Sorry for being late with this week’s Memo. I had a very busy weekend. Also, I was at RÚV’s Morgunútvarpið this morning (link) discussing Norðurskautið and startup funding in Iceland (Icelandic). Now, on to the Memo. Startup Reykjavik kicked off Last week saw the first public event of

Data Dwell secures $1.2m in funding

Digital asset management (DAM) company Data Dwell has secured a $1.12m (140m ISK) funding round by Frumtak Ventures. The company also received a $80K (10m ISK) marketing grant from the Technology Development Fund. “We think Data Dwell has enormous growth potential and like the product offering,” Eggert Claessen, GP

The Memo: Analysing the Funding Report

I’ll start of by apologizing for the lack of Memo’s in the last two weeks! I was away in the north west of Iceland, with no access to internet. We held our first book club last week. It was pretty good — I’ll post a key take-aways post

Pharmaceutical company 3Z raises $400K seed round

3Z pharmaceuticals has closed a $400K seed round. The investors were Swiss biotech companies Baliopharm and Probiocon, as well as previous investors NSA Ventures and Sigþór Sigmarsson. “3Z offers a unique technology to speed up the development of innovative drugs for the treatment of all kind of neurological disorders,” says

Q2 2016 Funding & Exit Report

After an eventful end of June in Icelandic news – we elected a new president, and kept on owning the Euro 2016 – we bring you the quarterly funding report. Next Monday’s Memo will be dedicated to commentary on the funding report results. We highly recommend you sign up here. As

Tulipop closes $2m Series A round led by Frumtak Ventures

Tulipop, maker of Tulipop world and character branded products, just announced a $2m financing round led by Frumtak Ventures. Þorbergur ehf., a previous investor, also participates in the round. “Tulipop is an exciting investment opportunity. [It] is a company built on Icelandic ingenuity which has a huge potential for international

Launching Norðurskautið Research & Reports

Today we’re launching a new section, Norðurskautið Research & Reports. The purpose of this new section is to collect in one place all the research and reports that we work on here at Norðurskautið, such as our quarterly funding reports. To start off this new section we’re announcing