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fundraise

Industrial equipment maker DTE raises $1.1 from Brunnur

Industrial process and quality control equipment maker Dynamic Technology Equipment has raised ~$1.1 million (135m ISK) from venture capital fund Brunnur. This is announced on the website of Einar Gunnar Guðmundsson, who is Chairman of the Board at SER Holding, the Startup Energy Reykjavik investment company. The company develops

Kaptio raises $2.6 million from Capital A and Frumtak 2

Kaptio, maker of Kaptio Travel, has raised a $2.6 million round from Frumtak 2 and Capital A Partners. Previous investors NSA and Kaskur also participated in the round. Kaptio creates Kaptio Travel, a plug in for SalesForce, designed to help travel professionals manage their work in the cloud. Kaptio

Florealis raises $380,000 in second seed financing

Florealis, formerly Herberia, maker of herbal medicines, just announced an additional financing of $380,000. The company increased the size their current convertible bond, previously financed by Einvala, to a total of ~$760K (100 million ISK). The company was assisted by Beringer Finance while raising the round. As previously commented

QuizUp raises $7.5 million from Glu Mobile

Glu Mobile (GLUU), maker of mobile games such as Kim Kardashian: Hollywood, just announced a $7.5 million dollar funding round in Plain Vanilla – makers of QuizUp. The funding comes in a form of convertible debt. Glu has the option to acquire Plain Vanilla if the cooperation goes well. Read

CCP raises $30 million to boost VR development efforts

CCP Games, makers of Eve, just announced a $30 million financing round to boost its Virtual Reality development efforts. The round was led by NEA Ventures, and private equity firm Novator Partners LLP participated in the round as well. Harry Weller, partner at NEA, has joined CCP’s board of