Icelandic challenger bank indó raises €1m in seed funding
The Icelandic challenger bank indó just announced having raised €1m in seed funding in three rounds, the last one having more than 30% excess demand. Investors…
The Memo: a16z invests in Iceland, Kría unveiled, and Covid and Startups
This post is from The Memo – our regular newsletter with commentary and analysis on the most important things in Icelandic startups, venture, and tech. You…
Mainframe Technologies raise
Mainframe Industries, a pan-Nordic MMO studio formedin April 2019 to develop cloud-native games, announced today a $8.2M (€7.6) Series A round led by Andreessen Horowitz (a16z)…
Some lackluster numbers for Iceland: Discussing the byFounders dealflow numbers with Eric Lagier
Late in January, the Nordic&Baltic venture capital fund byFounders, sent out a community update which included some interesting statistics on their deal flow and operations. In…
Laki Power raises undisclosed seed round led by Brunnur Ventures
Laki Power, which creates real-time, autonomous surveillance of the high voltage power grid, just announced a seed round led by Brunnur Ventures. Terms of the deal…
Buddyphones maker Nordic Enterprises Ltd. raises $1m
Creator of kid headphones Buddyphones, Nordic Enterprises Ltd., recently announced a $1m (125m ISK) funding round. The funding was through a convertible bond purchased by local…
Raising €700K through a funding platform: an interview with Lava Cheese cofounder Guðmundur Páll Líndal
Last week we wrote about Lava Cheese raising money through Funderbeam. The story is interesting to me on several points: A company raising a solid seed amount using…
Florealis closes $3.8m funding round led by NSA Ventures
Pharmaceutical company Florealis just announced it had closes a $3.9m funding round, led by NSA Ventures. Former investors, Einvala, and other private investors also took part…
The Q2/2017 Funding Analysis
The second quarter of the year brings the first funding report we do in 2017. The reason: we only recorded one investment in Q1, so there’s…
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…