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Authenteq raises $1.3m seed round co-led by Initial Capital and Draper Associates

Authenteq raises $1.3m seed round co-led by Initial Capital and Draper Associates

Icelandic startup Authenteq recently received seed funding from investors from three major tech hubs in the world. The company is working on distributing a blockchain based digital biometric ID to all internet users. The funding rounds, which totalled around $1.3m was co-led by London based Initial Capital and Silicon

The Nordic Web launches angel fund to invest across the Nordics

The Nordic Web, a long time collaborator of Northstack and one of the main resources for data and analysis on the Nordic startup ecosystem, just announced its angel fund. Neil Murray, founder of the Nordic Web, leads the fund, which is backed by more than 50 investors across the ecosystem.

The first Icelandic Wasabi hits the market

The first Icelandic Wasabi hits the market

Jurt – formerly known as Wasabi Iceland – just announced its first batch of brand-new Nordic Wasabi has hit the “shelves.” You can now try Icelandic grown Wasabi at restaurants Fiskmarkaðurinn (Fish Market) and Grillmarkaðurinn (Grill Market). “What most people know as wasabi isn’t really wasabi, but a mix of horseradish,

Inspirally raises undisclosed angel round

Inspirally – formerly known as Vizido – just announced it has raised an undisclosed amount from a group of angel investors including Thor Fridriksson, founder of QuizUp and co-founder of Teatime, and Vilhjálmur Þorsteinsson. “It is an honor to get funding from seasoned tech entrepreneurs like Thor Fridriksson and Vilhjalmur Þorsteinsson,” said

CCP shuts down VR projects, lays off 100 people

CCP shuts down VR projects, lays off 100 people

Icelandic news outlet MBL.is reported earlier today that CCP Games, creators of the Eve franchise, are shutting down VR development and laying off nearly 100 people globally. The company’s Newcastle (UK) office will be sold, Atlanta (US) will be closed, and 30 people have been laid off in

How a media personality's change of jobs might influence the tech industry in Iceland

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. Yesterday, Kjarninn reported that Icelandic media personality Logi Bergmann would be barred from starting a new media job at Árvakur – publisher of Morgunblaðið and owner of K100.5

Google's Pixel Buds will translate 40 languages into Icelandic in real time

At today’s Pixel 2 launch event, Google unveiled their answer to Apple’s Airpods: The Google Pixelbuds. Northstack doesn’t normally cover the tech giants, except when it is specifically related to Icelandic tech. And this time it is. The Pixel Buds will include real-time translations, where you can