Tag: frumtak

Empower secures a $2.29M funding round led by Frumtak Ventures

Empower, an Icelandic DE&I (Diversity, Equality & Inclusion) firm focused on equality in the workplace, today announced it has secured $2.29m in funding. The funding round is led by Frumtak Ventures, an Icelandic VC firm. Tennin, an early-stage angel investment firm, also participated in the round. The funding will be used to scale its DE&I methodologies, including… Read More Empower secures a $2.29M funding round led by Frumtak Ventures

Magnús Símonarson

50skills raises $2.6 million from Frumtak Ventures

 50skills, an Icelandic HR SaaS and new-hire onboarding solution, today announced it has secured $2.6 million in funding, led by Frumtak Ventures. 50skills will leverage the fresh capital to scale its solution for global markets, beginning with high-turnover industries in the Nordics and UK. 50skills claims that it’s software reduces the timeframe between onboarding and employees… Read More 50skills raises $2.6 million from Frumtak Ventures

Haraldur Hugosson

Sidekick Health closes $55m Series B led by Novator Ventures

International digital therapeutics leader Sidekick Health today announces that it has raised $55 million in Series B funding. The round was led by Novator Ventures, with additional participation from Wellington Partners, Asabys Partners, and Frumtak Ventures, as well as a US-based strategic investor that will be revealed at a later stage. This round follows an… Read More Sidekick Health closes $55m Series B led by Novator Ventures

Haraldur Hugosson

Spectaflow closes a $1.9M funding round led by Frumtak Ventures

Spectaflow, which was founded in 2019 offers a SaaS solution for hotel and vacation rental property management, focused on improving cleaning and maintenance workflows, staffing planningand compliance to evolving international cleaning standards. The company, founded by Petur Orri Saemundsen, Erlendur Steinn Gudnason and Frans Veigar Gardarsson, currently has one hundred hotels in five countries using… Read More Spectaflow closes a $1.9M funding round led by Frumtak Ventures

Haraldur Hugosson

Plaio secures $2.25M funding from Frumtak Ventures

Plaio is an Icelandic software startup that digitizes demand, manufacturing, and purchase planning for generic pharmaceutical manufacturers, for agile manufacturing operations and precision product output. The company announced it’s $2.25M pre-series A investment round by Frumtak Ventures. Plaio was founded by Jóhann Guðbjargarson in May, building on a years-long R&D process focused on the specific needs of… Read More Plaio secures $2.25M funding from Frumtak Ventures

Haraldur Hugosson

Ankeri raises $2.3m in seed funding from Frumtak Ventures

90% of global shipped goods are transported by some 50,000 marine transport vessels. While the marine transport industry presents itself as the most environmentally-friendly in the shipping supply chain, it still represents 3% of total global greenhouse gas emissions and consumes more than $150bn in fossil fuel annually. Ankeri is an Icelandic company trying to… Read More Ankeri raises $2.3m in seed funding from Frumtak Ventures

Haraldur Hugosson

Frumtak sells its 11.33% stake in Controlant for $14.5m

Svana Gunnarsdóttir

Frumtak 1, one of the funds under management by Frumtak Ventures, has sold its 11.33% stake in Controlant for around $14.5m (a little under 2000m ISK, the exact amount is undisclosed), to a group of Controlant’s current investors led by Investco ehf. The transaction values the company at around $130m. Arion banki managed the sale,… Read More Frumtak sells its 11.33% stake in Controlant for $14.5m

Kristinn Árni Lár Hróbjartsson

Meniga raises €7.5m led by Industrifonden

Fintech company Meniga just announced a €7.5m funding round led by Nordic investment fund Industrifonden. Previous investors – Velocity Capital, Frumtak Ventures and Kjölfesta – also participated in the round. From TechCrunch: “Today’s banks are under pressure to innovate and improve their customer experiences online and yet they are beholden to legacy processes and legacy… Read More Meniga raises €7.5m led by Industrifonden

Kristinn Árni Lár Hróbjartsson

Kaptio raises $2.6 million from Capital A and Frumtak 2

Kaptio, maker of Kaptio Travel, has raised a $2.6 million round from Frumtak 2 and Capital A Partners. Previous investors NSA and Kaskur also participated in the round. Kaptio creates Kaptio Travel, a plug in for SalesForce, designed to help travel professionals manage their work in the cloud. Kaptio is one of two companies to have… Read More Kaptio raises $2.6 million from Capital A and Frumtak 2

Kristinn Árni Lár Hróbjartsson

Frumtak 2 – one year later: $10.85 million in six investments

Roughly one year ago, GP’s at Frumtak announced the closing of their second fund, Frumtak 2. The fund is a 5 billion ISK ($38.5 million) fund focused on investing in companies that are past their seed stage and show promise of growth and expansion. For more info about the fund, you can read Nordurskautid’s detailed report on the fund… Read More Frumtak 2 – one year later: $10.85 million in six investments

Kristinn Árni Lár Hróbjartsson