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Florealis closes $3.8m funding round led by NSA Ventures

Florealis closes $3.8m funding round led by NSA Ventures

Pharmaceutical company Florealis just announced it had closes a $3.9m funding round, led by NSA Ventures. Former investors, Einvala, and other private investors also took part in the funding round. “Exciting times ahead for us, following the addition to our investor group,” said Kolbrún Hrafnkelsdóttir, CEO of Florealis, in

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

Startup Guide Reykjavik launched on December 6th

The independent, Berlin-based publishing company Startup Guide is releasing its first guide in Reykjavik. Filled with inspiration, how-to’s, case studies and tips for starting up, the book highlights how to start up a business in the thriving startup scene of Reykjavik with stories from local entrepreneurs. “Central to Reykjavík’

NetApp paid $51m in cash for Greenqloud

NetApp paid $51m in cash for Greenqloud

Yesterday, NetApp released its quarterly results for the quarter ending on October 27th. Amongst other things, the report included a line on the Greenqloud acquisition: On August 4, 2017, we acquired all of the outstanding shares of Greenqloud ehf., a privately-held provider of cloud management software based in Iceland, for