fundraise

Keystrike secures pre-seed funding from Philippe Langlois, cybersecurity entrepreneur

Keystrike secures pre-seed funding from Philippe Langlois, cybersecurity entrepreneur

The Icelandic cybersecurity startup Keystrike has secured funding from Philippe Langlois, founder of cybersecurity company Qualys (QLYS) which is currently valued at over $4 billion. Keystrike’s technology was invented by Ymir Vigfusson, Associate Professor at Emory University, to rethink multi-factor authentication. “Keystrike seals off the path that is commonly

DTE secures $10M funding from Novelis and the EIC Fund

DTE secures $10M funding from Novelis and the EIC Fund

DTE, developers of next-generation metal production and manufacturing, has successfully closed its Series A2 funding round, raising $10 million. Novelis, Metaplanet, and the European Innovation Council (EIC) Fund, along with existing investors Chrysalix Venture Capital and Brunnur Ventures participated in the round. DTE previously raised a Series A round from

Mussila aims to scale up through an IVS led Funderbeam campaign

Mussila aims to scale up through an IVS led Funderbeam campaign

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

Solid Clouds raises $2.5m from Kjölur fjárfestingarfélag

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’

Medical fish skin company Kerecis closes $3m convertible note

Medical fish skin company Kerecis closes $3m convertible note

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

Oculis raises $20.3m Series B round to advance treatment for Ophthalmic Diseases

Oculis raises $20.3m Series B round to advance treatment for Ophthalmic Diseases

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

Travel tech startup Travelade raises $1.6m led by Crowberry Capital

Travel tech startup Travelade raises $1.6m led by Crowberry Capital

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