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TripCreator raises $2m, shuts down B2C product

TripCreator, maker of the AI-driven travel planning solution, just announced a $2m funding round. Investors are undisclosed. Previous investors include Míó, the investment company of Magnús Ingi Óskarsson, founder of Calidris, and Salting ehf. The company also announced that it will shut down its B2C product to focus solely on

Meniga raises €7.5m led by Industrifonden

Fintech company Meniga just announced a €7.5m funding round led by Nordic investment fund Industrifonden. Previous investors – Velocity Capital, Frumtak Ventures and Kjölfesta – also participated in the round. From TechCrunch: “Today’s banks are under pressure to innovate and improve their customer experiences online and yet they are beholden

Huld Magnúsdóttir announced as new CEO of NSA Ventures

The board of NSA Ventures has hired Huld Magnúsdóttir as the new CEO of the investment fund. She’ll replace Helga Valfells, who left NSA Ventures to found Crowberry Capital last January. She’ll start at NSA Ventures on May 1st. The board sent the following in a statement: Huld

CCP posts record revenues, announces new game

CCP posts record revenues, announces new game

CCP just released its financials for 2016. The company grew revenues by 31% and posted a record year of roughly $86 million in revenues with EBIDTA of $39 million and profits of $20.7 million. This means the company has around $260,000 in revenue per each of their 330

Nordic startup organisations announce strategic partnership

Late last week, a group of seventeen startup organisations in the Nordics announced they signed a manifesto to form a strategic partnership. The partnership, which according to a statement is to “creat[e] a channel for strategic cooperation and decision making,” has not been formalised yet, and exactly what shape

SidekickHealth maker Goodlifeme raises $1.5m round led by Frumtak Ventures

SidekickHealth maker Goodlifeme raises $1.5m round led by Frumtak Ventures

Frumtak Ventures just announced a $1.5m investment into Goodlifeme AB, maker of Sidekick Health. Other participants in the round include Tennin ehf. and other investors. “This investment gives our team of physicians, psychologists, public health professionals and game developers the opportunity to deepen SidekickHealth’s global reach, particularly in

Paula Gould joins Frumtak Ventures as Principal

Paula Gould joins Frumtak Ventures as Principal

Paula Gould, who has worked with startup companies in the US, Israel, and Iceland on marketing, branding, and business development, will join Frumtak Ventures as a Principal to spearhead international brand and marketing initiatives. “I’m thrilled to be joining Frumtak’s team and looking forward to working with their