Funding

Prescriby raises a $2.1M round led by Crowberry Capital

Prescriby raises a $2.1M round led by Crowberry Capital

Prescriby, the Canadian-Icelandic company of digital treatment plan software that prevents medication addiction, has secured $2.1 million in a funding round led by Crowberry Capital with participation from investors from Canada, Denmark, and Iceland. “Prescriby is tackling a very serious problem that has big consequences for many. What got

Activity Stream Secures $13.5M co-led by Eyrir Ventures and Frumtak Ventures

Activity Stream Secures $13.5M co-led by Eyrir Ventures and Frumtak Ventures

Activity Stream, a software solution for the live entertainment industry, recently closed a $13.5 million funding round co-led by Eyrir Ventures and Frumtak Ventures with contributions from the Shubert Organization and the Export and Investment Fund of Denmark. The funding will be used by Activity Stream to broaden its

Keystrike raises $1M pre-seed round

Keystrike raises $1M pre-seed round

Keystrike, the Icelandic cybersecurity startup, has secured funding of $1 million led by Grófin Business Development, Investco, Arcus Invest and Lira, in addition to an international private investor from the cyber security sphere. The funding will fuel the expansion of Keystrike's sales and marketing efforts, particularly into the

Controlant lays off 80 employees and announces an $80M fundraise

Controlant lays off 80 employees and announces an $80M fundraise

Controlant announced that it is cutting 80 roles at the same time as it has secured $80M in funding to bolster innovation and business expansion. The job losses, which will affect employees in all divisions and locations across the company, are due to the decreased demand for COVID-19 vaccines. The

Nordic Secondary Fund invests $2.4M in DTE

Nordic Secondary Fund invests $2.4M in DTE

Nordic Secondary Fund has invested $2.4M in DTE, developers of next-generation metal production and manufacturing, through an acquisition of common shares from a selected group of DTE's initial shareholders. Nordic Secondary Fund is the only fund in the Nordics that exclusively invests in secondaries and this is

"Defend Iceland" Secures $2.6M grant from EU Commission's Digital Europe Plan

"Defend Iceland" Secures $2.6M grant from EU Commission's Digital Europe Plan

Defend Iceland is a cybersecurity project led by Theodor Ragnar Gislason, the Chief Technology Officer and Head of Innovation at Syndis, that received a $2.6M grant from the European Commission as part of the Digital Europe plan. The funding will be used to create a nationwide bug bounty platform

Flygildi Emerges from Stealth at DroneX 2023 with $1.2M in Seed Funding

Flygildi Emerges from Stealth at DroneX 2023 with $1.2M in Seed Funding

Flygildi, an Icelandic startup developing a drone that looks and flies like a bird, emerged from stealth at the DroneX Expo, Europe's largest event dedicated to the Unmanned Aerial Vehicle (UAV) industry. The company has had $1.2M in seed funding from a range of Icelandic business angels