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 least €600k in this round but sets its goal even higher and aims to collect €1.2m from investors. Jon Gunnar Thordarson, CEO of Mussila, which has created a musical… Read More Mussila aims to scale up through an IVS led Funderbeam campaign
Solid Clouds, the game developer working on Space MMO game Starborne, just announced a $2.5m (270m ISK) funding round led by Kjölur fjárfestingarfélag. Other previous investors also participated in the round. In addition, the company received a $475.000 (50m ISK) growth grant from the Technology Development Fund. “We’re happy to have closed this financing, and being… Read More Solid Clouds raises $2.5m from Kjölur fjárfestingarfélag
Ísafjörður based Kerecis, that creates fish skin based products to help with healing of wounds, recently announced it had sold a $3m convertible note to its current investors. All the largest investors in the company participated, and the note was oversubscribed. Kerecis was in NSA Ventures portfolio until 2014 when the fund sold its 26%… Read More Medical fish skin company Kerecis closes $3m convertible note
Oculis, an Icelandic life sciences company, just announced a $20.3m (20m CHF) series B round led by a syndicate of leading life science venture funds including Bay City Capital, Novartis Venture Fund and Pivotal bioVenture Partners. Existing investors, including Brunnur Ventures and Silfurberg, also participated in the financing. “I am extremely pleased to be joining such… Read More Oculis raises $20.3m Series B round to advance treatment for Ophthalmic Diseases
Travelade, a travel platform that helps millennials discover and book travel activities tailored to their tastes, just announced a $1.6m financing round led by Iceland’s newest venture capital fund, Crowberry Capital. Other participating investors are angel group Investa and several individuals. Hekla Arnardóttir from Crowberry and Hjálmar Gíslason from Investa will join the company’s board… Read More Travel tech startup Travelade raises $1.6m led by Crowberry Capital
Icelandic startup Authenteq recently received seed funding from investors from three major tech hubs in the world. The company is working on distributing a blockchain based digital biometric ID to all internet users. The funding rounds, which totalled around $1.3m was co-led by London based Initial Capital and Silicon Valley based Draper Associates. Also investing in the… Read More Authenteq raises $1.3m seed round co-led by Initial Capital and Draper Associates
Inspirally – formerly known as Vizido – just announced it has raised an undisclosed amount from a group of angel investors including Thor Fridriksson, founder of QuizUp and co-founder of Teatime, and Vilhjálmur Þorsteinsson. “It is an honor to get funding from seasoned tech entrepreneurs like Thor Fridriksson and Vilhjalmur Þorsteinsson,” said co-founder Pétur Orri… Read More Inspirally raises undisclosed angel round
Teatime, a new startup founded by four ex-QuizUppers, just announced a $1.6m funding round, led by London based Index Ventures. Other investors include David Wallerstein, SEVP at Tencent, and David Helgason, founder of Unity. Teatime had previously raised $200k from the founders. “I am incredibly excited to work with such an extraordinary team, helping them… Read More QuizUp founders’ new company Teatime raises $1.6m seed led by Index Ventures
Influencer marketing platform Ghostlamp announced they had closed a $1m seed round. The investor is Brunnur Vaxtarsjóður, which makes this the second investment announced by Brunnur this week. The investment comes with a commitment of $1m following the growth of the company. Previous investors include advertising agency Pipar / TBWA and Vetrargil. Both invested undisclosed amounts in… Read More Influencer marketing platform Ghostlamp closes $1m seed round led by Brunnur
Employee training app Viska just announced a $1.2m seed round led by Brunnur with participation from Investa. Sigurður Arnljótsson, GP at Brunnur, will take a seat in the companies board. “The investment allows us to speed up product development, onboard more customers, and focus our sales efforts abroad” said Vala Halldorsdóttir, CEO and co-founder of… Read More Employee training app Viska raises $1.2m seed round led by Brunnur
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