Oculis raises an additional $15M in funding before going public

The Iceland-founded biopharmaceutical company Oculis which is purposefully driven to save sight and improve eye care with innovations has raised $15M as first reported by Viðskiptablaðið. The participating investors in this newly secured funding round are from Iceland and abroad. This funding adds to the $80M that the company raised in October last year. Along… Read More Oculis raises an additional $15M in funding before going public

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 company. On top of that… Read More LearnCove secures a $900K funding round

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 our coverage of the subject… Read More Crowberry Capital raises $17.5M to close its fund Crowberry II

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 rental industry in Iceland. The company’s… Read More Hopp secures $4.7M from Glymur and Nefco

Glymur invests in Sidekick Health for $11.3M

An alternative investment fund operated by Glymur, an Icelandic asset management company with a focus on credit-related products, invested last week in the international digital therapeutics leader Sidekick Health for $11.3M. This investment adds to a Series B funding round that Sidekick raised last May. That round was led by Novator Ventures, an international private… Read More Glymur invests in Sidekick Health for $11.3M

Treble secures $7.6M ahead of a product launch in early 2023

The Reykjavík-based sound simulation startup, Treble, has received $7.6M in funding. The funding consists of approximately $5.2M in seed funding in a round led by Frumtak Ventures. NOVA, the venture arm of Saint-Gobain which is one of the world’s largest building materials companies, and several angel investors also participated in the round. The other roughly… Read More Treble secures $7.6M ahead of a product launch in early 2023

Genis raises $17M in a recent funding round

Genis, the Icelandic biotechnology company, recently issued additional shares for $17M. Numerous investors, including Andri Sveinsson, Sigþór Sigmarsson, and Sigurgeir Guðlaugsson, the CEO of Genis will now be joining the shareholder group. The Icelandic insurance company TM Tryggingar and Yanu Holdings, a global investment firm, also took part in the round. The new capital is… Read More Genis raises $17M in a recent funding round

Driftline raises $800K and launches the world’s first algorithm to quantify human endurance  

Last month, the Icelandic startup Driftline announced it had secured $800k in seed funding and that it has developed the world’s first algorithm for the accurate and simple quantification of human endurance. This algorithm is the result of 20 years of R&D in advanced heart rate kinetics. The funding that Driftline has raised comes from… Read More Driftline raises $800K and launches the world’s first algorithm to quantify human endurance  

HorseDay secures a $700K funding round led by New Business Venture Fund

HorseDay, an Icelandic startup that is developing an equestrian app that enables people to store all data and information relating to horse riding has raised $700K in a funding round led by New Business Venture Fund (i. Nýsköpunarsjóður). Other investors also participated in the round, mostly private angel investors. The funding will allow Horseday to… Read More HorseDay secures a $700K funding round led by New Business Venture Fund