business

Frumtak closes a third VC fund at 57m$

Frumtak closes a third VC fund at 57m$

Frumtak Ventures has closed a new 57m$ (7 billion ISK) VC fund, Frumtak III, which will invest in startups that are in their first stages of financing and are deemed to have growth opportunities in international markets. According to a press release, the new fund will not specialize in any

A year on, Secure Code Warrior has fully integrated Adversary and looks to expand its Reykjavik team

A year on, Secure Code Warrior has fully integrated Adversary and looks to expand its Reykjavik team

Last year, Adversary, an Icelandic company revamping security education to minimize cybercrime, was acquired by the Australian based secure coding company Secure Code Warrior. Now, more than a year later, Secure Code Warrior has embedded both Adversary’s staff and technologies into its platform and is currently looking to expand

Genki

Genki's smart ring is back with new functions for pandemic times

Genki Instruments, a design-driven technology company based in Iceland, is now marketing a new version of its product. The product is built on the existing Wave smart ring, which is a wearable MIDI controller. While the original Wave smart ring was designed for musicians, the new version, called Wave for

Meniga closes a $11.8m investment round led by Velocity Capital and Frumtak Ventures

Meniga closes a $11.8m investment round led by Velocity Capital and Frumtak Ventures

Meniga has closed a $11.8m (€10m) strategic investment round led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the round include Industrifonden, the UK Government’s Future Fund, and existing customers UniCredit, Swedbank, Groupe BPCE, and Íslandsbanki. The company says the funding will be

Mussila aims to scale up through an IVS led Funderbeam campaign

Mussila aims to scale up through an IVS led Funderbeam campaign

Icelandic Venture Studio (IVS) is leading the Icelandic EdTech company Mussila into a financing round via Funderbeam, an online investment platform. Mussila wants to collect at least €600k in this round but sets its goal even higher and aims to collect €1.2m from investors. Jon Gunnar Thordarson, CEO of

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Twitter is hiring in Iceland

Twitter is looking for front-end programmers to work out of Iceland, according to Haraldur Thorleifsson, which started working for Twitter out of Iceland recently after Twitter aquired Ueno, a design firm he founded in 2014. Haraldur tweeted about this earlier today, in Icelandic. “Icelandic front-end programmers: Twitter is hiring in

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Twitter sets up a corporate entity in Iceland

Twitter has set up a corporate entity in Iceland, but Twitter Netherlands B.V. registered a branch in the Icelandic company directory in late January. The move follows Twitter’s purchase of the Icelander founded design agency Ueno. Haraldur Thorleifsson, founder of Ueno and now, a Twitter employee, said on