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The Bestest Year Yet: Over $380 Million into Icelandic Startups

Looking back at 2022 we can surely say that the Icelandic Startup and VC ecosystem was lively. The year broke records for the most amount of deals in a single year recorded in Iceland and smashed the record for cumulative funding in a year. Maybe this should come as no

Indó has opened for business

Indó has opened for business

Indó, the Icelandic savings bank that intends to improve the financial services available to the Icelandic people, has officially opened for business. The only service that indó currently offers is a debit card account available for every Icelander over the age of 18. With that account, people will be able

LearnCove secures a $900K funding round

LearnCove secures a $900K funding round

LearnCove, a digital training platform that simplifies training processes, has raised a little more than $900K in a recent funding round as reported by Viðskiptablaðið. Two shareholders, Hilmar Veigar Pétursson, the CEO of CCP Games, and Info Capital, an investment firm owned by Reynir Grétarsson, increased their stake in the

Crowberry Capital raises $17.5M to close its fund Crowberry II

Crowberry Capital raises $17.5M to close its fund Crowberry II

In the middle of 2021, Crowberry announced that they had raised funding for a new fund called Crowberry II. Back then, they raised $90M from multiple LP, including The EIF (European Investment Fund), Icelandic pension funds, several family offices, and angels including David Helgason, founder of Unity Technologies. Below is

Controlant to raise funds in the near future

Controlant to raise funds in the near future

The Icelandic digital supply chain visibility provider Controlant plans to issue new shares in Q1 as reported by Fréttablaðið. The amount of capital the company hopes to raise has not been decided. This funding will play a vital role in Controlant’s future expansion, the company is on the verge

Arctic Therapeutics awarded $13.3M in funding from the European Innovation Council

Arctic Therapeutics awarded $13.3M in funding from the European Innovation Council

Arctic Therapeutics has been selected as one of Europe’s high potential Small and Medium Enterprises (SMEs) to be awarded funding from the European Innovation Council (EIC) Accelerator. Arctic Therapeutics will receive $13.3M from the Accelerator, consisting of a $2.7M grant from the EIC combined with a $10.

Hopp secures $4.7M from Glymur and Nefco

Hopp secures $4.7M from Glymur and Nefco

Hopp, the Icelandic e-scooter rental company, has secured funding from an Icelandic asset management company called Glymur and Nefco, a Nordic finance institution that finances sustainable projects globally. The total investment is roughly $4.7M as reported by Viðskiptablaðið. Hopp has established itself as the market leader in the e-scooter