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…
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…
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…
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…
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…
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…
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…
Price of CCP not to include $200 million earn out due to delay in Chinese gaming permits
The Icelandic video game developer CCP was sold to the South-Korean company Pearl Abyss at $225 million, which is $200 million lower than the maximum agreed…
GRID to launch in late March
GRID, the SaaS startup that wants to revolutionize how people work with data and numbers, announced on Thursday that it would launch its product in a…
Teatime Games to close
Teatime Games, the Icelandic startup that is best known for a hit mobile game called Trivia Royale, has ceased operations. According to Thor Friðriksson, one of…