Mýsköpun raises a $700K round led by New Business Venture Fund

Mýsköpun, an Icelandic biotech startup based in Mývatnsveit, has secured $700,000 in a funding round led by New Business Venture Fund (Icelandic: Nýsköpunarsjóður atvinnulífsins), with participation from other investors including Upphaf, Jón Ingi Hinriksson ehf, Jarðböðin, and Fjárfestingafélag Þingeyinga. Mýsköpun has been researching algae for several years, with a focus on isolating, analyzing, and cultivating… Read More Mýsköpun raises a $700K round led by New Business Venture Fund

April 1, 2023April 1, 2023 Magnús Símonarson

HorseDay secures a $700K funding round led by New Business Venture Fund

HorseDay, an Icelandic startup that is developing an equestrian app that enables people to store all data and information relating to horse riding has raised $700K in a funding round led by New Business Venture Fund (i. Nýsköpunarsjóður). Other investors also participated in the round, mostly private angel investors. The funding will allow Horseday to… Read More HorseDay secures a $700K funding round led by New Business Venture Fund

November 23, 2022November 23, 2022 Magnús Símonarson

Icelandic Startups & Tech Roundup on May 10

Here are some of the things that have been happening in the Icelandic innovation ecosystem lately. New Frumtak fund Frumtak Ventures is on the verge of closing a new 7 billion ISK (56m$) venture fund. Ásthildur Otharsdóttir, partner and investment manager at Frumtak, spoke to Fréttablaðið about the new fund, which will focus on investing… Read More Icelandic Startups & Tech Roundup on May 10

May 10, 2021 Northstack Editorial

Hefring raises an undisclosed amount in a financing round led by The New Business Venture Fund

The start-up company Hefring Marine has closed a financing round led by the New Business Venture Fund (Nýsköpunarsjóður atvinnulífsins). Two other funds invested in this round, the German fund Innoport and the American fund TechNexus. The New Business Venture Fund acquired a quarter of Hefring when the fund first invested in the company in a… Read More Hefring raises an undisclosed amount in a financing round led by The New Business Venture Fund

April 29, 2021April 29, 2021 Northstack Editorial

PayAnalytics raises $525,000 from the New Business Venture Fund

The software company PayAnalytics, which is developing an equal pay cloud solution, raised $525,000 from the New Business Venture Fund. PayAnalytics’s solution is already helping over 50 companies and organizations in Iceland close the gender pay gap, employing a total of 30,000 staff, or about 14% of the Icelandic labor market. Margrét Vilborg Bjarnadóttir, Founder… Read More PayAnalytics raises $525,000 from the New Business Venture Fund

January 22, 2020March 29, 2020 Dóróthea Ármann

Kara Connect raises €1.2 million funding round from The New Business Venture Fund

Kara Connect, the only GDPR compliant online therapy and practice management platform in Iceland, just raised a €1.2 million funding round, bringing in The New Business Venture Fund with a 10% share. This is the second round of VC funding for Kara Connect after an investment by Crowberry Capital in early 2018. All prior investors… Read More Kara Connect raises €1.2 million funding round from The New Business Venture Fund

November 20, 2019November 20, 2019 Dóróthea Ármann

Hefring Marine raises an undisclosed amount from New Business Venture Fund

Hefring Marine, an Icelandic startup that builds products to increase seafarer safety and give vessel owners insights into the use of their ships, just announced a funding round from New Business Venture Fund. The amount remains undisclosed, but it follows the announcement that the fund will receive a bit under a quarter of the company.… Read More Hefring Marine raises an undisclosed amount from New Business Venture Fund

July 15, 2019 Kristinn Árni Lár Hróbjartsson

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Innovation, Startups and Venture Capital in Iceland

Tag: new business venture fund