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Lucinity raises $2m to build their "augmented intelligence" anti-money-laundering solution

Lucinity raises $2m to build their "augmented intelligence" anti-money-laundering solution

Lucinity, an Icelandic startup working in the anti-money-laundering space, just announced a $2m seed round led by Crowberry Capital, with participation from Preceptor Capital and international angel investors. “In Lucinity, we saw a team that has tremendous relevant execution experience and an extremely innovative approach that we believe will be

Medical Device company Freyja HealthCare raises $1m Series A

Medical Device company Freyja HealthCare raises $1m Series A

Boston Based Freyja HealthCare, a medical device company founded by Jón Ívar Einarsson, MD and professor at Harvard Medical School, just announced a $1m (120m ISK) financing by undisclosed, Icelandic investors. The round values the company at 1,000m ISK (~$8.3m) post money. Spakur assisted with the financing round.

Lauf Forks raise $2.5m led by New Business Venture Fund

Lauf Forks raise $2.5m led by New Business Venture Fund

Icelandic bicycle manufacturer Lauf Forks has just announced a $2.5m (300m ISK) funding round led by New Business Venture Fund (Nýsköpunarsjóður). The funding will be used to grow in the United States. “The bicycles from Lauf Forks have been well received in the United States, so focusing on growth

GRID raises an additional $3.5m seed round led by BlueYard capital

GRID raises an additional $3.5m seed round led by BlueYard capital

GRID, the SaaS company with the goal of “freeing the spreadsheet,” just announced a $3.5m seed funding round, only five months after their initial $1m angel round. The funding round is led by Berlin-based BlueYard, with participation from Slack Fund, Acquia Capital and angel investor Charles Songhurst. Previous investors,

Avo becomes first Icelandic company to be selected for Y Combinator

Avo, the SaaS company preventing human error when implementing analytics, is the first Icelandic company to be accepted into Y Combinator, widely regarded as the world’s best accelerator. As part of the program, Y Combinator invests $150,000 in the company. Avo (then as Viska Learning), previously raised a

Nordic Web Ventures announces Fund II

Nordic Web Ventures announces Fund II

The Nordic Web, just announced that it has raised its second investment fund. The company, founded and led by Neil S W Murray, has been investing out of its first fund, and has already (if you count a not-yet-announced investment out of the second fund) invested in all Nordic countries

Drone startup Flygildi raises angel funding

Drone startup Flygildi raises angel funding

Drone startup Flygildi, which is creating a drone that is disguised as a bird, flies flapping wings, and is undetectable by radar, has raised an angel round. The amount is undisclosed. Flygildi was founded by the two engineers Hjalti Harðarson and Dr. Leifur Þór Leifsson. In a press release, Helga