Tag: nsa ventures

Hefring Marine raises an undisclosed amount from New Business Venture Fund

Hefring Marine, an Icelandic startup that builds products to increase seafarer safety and give vessel owners insights into the use of their ships, just announced a funding round from New Business Venture Fund. The amount remains undisclosed, but it follows the announcement that the fund will receive a bit under a quarter of the company.… Read More Hefring Marine raises an undisclosed amount from New Business Venture Fund

Kristinn Árni Lár Hróbjartsson

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 a statement. “Our first products have… Read More Florealis closes $3.8m funding round led by NSA Ventures

Kristinn Árni Lár Hróbjartsson

NSA as a fund of funds, pros and cons & the big picture

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. NSA Ventures as a fund of funds Last week I wrote about the upcoming changes at NSA Ventures. Since then, the Minister for Innovation announced the working group tasked with proposing the changes.… Read More NSA as a fund of funds, pros and cons & the big picture

Kristinn Árni Lár Hróbjartsson

NSA Ventures is changing: Highlights from the annual meeting

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. The numbers: $3.6m in losses due to writedowns It shouldn’t surprise anyone that NSA Ventures was quiet last year. No fresh investments, and just over 200m ISK (~$1.6m) in follow ons. These are… Read More NSA Ventures is changing: Highlights from the annual meeting

Kristinn Árni Lár Hróbjartsson

Minister for Innovation appoints working group about NSA Venture’s future

Þórdís Kolbrún Reykfjörð Gylfadóttir has appointed a four person working group about NSA Venture’s future. She announced her intention to do so at NSA Venture’s annual meeting this May. In a press announcement, the ministry discusses the move: NSA Ventures, which started in 1998, was created because a lack of availability of startup funding which… Read More Minister for Innovation appoints working group about NSA Venture’s future

Kristinn Árni Lár Hróbjartsson

Mint Solutions raise €5m Series B

Mint Solutions, developer of the medication safety system MedEye, just announced a €5m Series B round led by Brabant Development Partners and LSP (Life Sciences Partners), and Seventure Partners. Other shareholders, including Icelandic NSA Ventures, and smaller private shareholders, also participated in the round. “This investment comes at a crucial time for our MedEye product,”… Read More Mint Solutions raise €5m Series B

Kristinn Árni Lár Hróbjartsson

Highlights from NSA Ventures’ Annual Meeting

Today was the annual meeting of NSA Ventures, Iceland’s biggest (and oldest) venture fund. NSA Ventures is an evergreen fund, established by the government with a 3bn ISK initial endowment. The fund is not governmentally operated, but its board is nominated by the Minister for Industry and Innovation. In yesterday’s Memo (sign up here) we put forth four predictions… Read More Highlights from NSA Ventures’ Annual Meeting

Kristinn Árni Lár Hróbjartsson