Tag: News

Fréttir

A year on, Secure Code Warrior has fully integrated Adversary and looks to expand its Reykjavik team

Last year, Adversary, an Icelandic company revamping security education to minimize cybercrime, was acquired by the Australian based secure coding company Secure Code Warrior.  Now, more than a year later, Secure Code Warrior has embedded both Adversary’s staff and technologies into its platform and is currently looking to expand its Reykjavik team. Adversary was a… Read More A year on, Secure Code Warrior has fully integrated Adversary and looks to expand its Reykjavik team

Northstack Editorial

Poppins & Partners unveil their 2020 startup list

The consulting firm Poppins & Partners (P&P) has published their list 39 prominent startups in Iceland according to a nomination board compiled of experts from the startup ecosystem. The list is divided into four categories: Seeds, Cuttings, Growth-Sprouts, and Pioneers and the criteria for making the list was for the companies to have made significant… Read More Poppins & Partners unveil their 2020 startup list

Kristinn Árni Lár Hróbjartsson

Crowberry Capital invests in Danish Dreamdata

Danish B2B revenue attribution platform Dreamdata, recently announced a $4.4m investment co-led by Icelandic VC fund Crowberry Capital. While Northstack generally doesn’t cover non-foreign funding rounds, this marks the fourth disclosed foreign funding round Crowberry participates in, showing an emphasis on participating in the international funding landscape. In a talk with Northstack, Jenný Ruth Hrafnsdóttir,… Read More Crowberry Capital invests in Danish Dreamdata

Kristinn Árni Lár Hróbjartsson

MainManager acquired by View Software

Facility management software provider MainManager has been acquired by View Software. The amount remains undisclosed. Frumtak invested in MainManager in 2010 and sells its 23% share as part of the sale. “The MainManager team is very excited to get on board with the View Software and Viking Venture family,” founder of MainManager, Gunnlaugur B. Hjartarson… Read More MainManager acquired by View Software

Kristinn Árni Lár Hróbjartsson

Frumtak sells its 11.33% stake in Controlant for $14.5m

Svana Gunnarsdóttir

Frumtak 1, one of the funds under management by Frumtak Ventures, has sold its 11.33% stake in Controlant for around $14.5m (a little under 2000m ISK, the exact amount is undisclosed), to a group of Controlant’s current investors led by Investco ehf. The transaction values the company at around $130m. Arion banki managed the sale,… Read More Frumtak sells its 11.33% stake in Controlant for $14.5m

Kristinn Árni Lár Hróbjartsson

Dohop raises ‘multi-million dollar’ funding from SEP

Dohop team

Icelandic airline software vendor Dohop just announced an undisclosed growth equity round from Scottish Equity Partners (SEP). While the total amount remains undisclosed, Northstack’s sources place it in the ‘multi-million pound’ range, meaning a significant investment into travel tech amidst a global pandemic that has been a serious impediment to the travel industry. “Joining forces… Read More Dohop raises ‘multi-million dollar’ funding from SEP

Kristinn Árni Lár Hróbjartsson

Laki Power raises funding round and appoints new CEO

Laki Power, an Icelandic company that provides high voltage surveillance and real-time monitoring for transmission systems, recently announced a growth investment led by Brunnur Ventures, which previously invested in Laki Power last year, with participation from Silfurberg. In addition to new funding, the company announced the appointment of Dr. Bjorgvin Sigurdsson as CEO. Sigurjon Magnusson,… Read More Laki Power raises funding round and appoints new CEO

Kristinn Árni Lár Hróbjartsson

Sidekick Health raises $20m Series A led by Wellington Partners and Asabys Partners

Digital Therapeutics company Sidekick Health just announced a $20m Series A funding round, led by Wellington Partners and Asabys Partners, with participation from existing investors Novator and Frumtak. The company specialises gamified digital therapeutics solutions and programs focused on chronic and lifestyle diseases. “The healthcare landscape has shifted significantly this year as a direct result… Read More Sidekick Health raises $20m Series A led by Wellington Partners and Asabys Partners

Kristinn Árni Lár Hróbjartsson

Controlant raises $15m Series B round to bring digital transformation to the supply chain

Gísli Herjólfsson, co-founder CEO

Controlant, maker of digital supply chain visibility solutions, today announced it has raised $15m in Series B funding. Participating in the round were current shareholders, local institutions like insurance companies Sjóvá and VÍS, as well as private investors and family offices. The placement was managed by Arion Bank Corporate Finance. “Our mission is to help… Read More Controlant raises $15m Series B round to bring digital transformation to the supply chain

Kristinn Árni Lár Hróbjartsson

Stefanía G Halldórsdóttir joins Eyrir Venture Management as Managing Director for Eyrir Sprotar II

Stefanía G. Halldórsdóttir has joined Eyrir Venture Management, Eyrir Invest’s venture arm, as a new Managing Director for the company’s new VC fund, Eyrir Sprotar II. Stefanía joins Eyrir from Landsvirkjun – Iceland’s largest power producer, where she was Executive Director of Marketing and Business Development. “I’m very excited to work in and support the innovation… Read More Stefanía G Halldórsdóttir joins Eyrir Venture Management as Managing Director for Eyrir Sprotar II

Kristinn Árni Lár Hróbjartsson