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The Update

Startup Reykjavik Values its Portfolio since 2012 at $2.3m (278m ISK)

Startup Reykjavik Values its Portfolio since 2012 at $2.3m (278m ISK)

In a new post by Einar Gunnar Guðmundsson of Arion Banki, he reveals that Arion Banki’s daughter company Startup Reykjavik Invest currently values its portfolio of companies that have participated in Startup Reykjavik at $2.3m (278m ISK). The bank’s total direct investment (not counting the operational fees

AirServer creator App Dynamic signs deal with Intel

AirServer creator App Dynamic signs deal with Intel

Intel has started a collaboration with Icelandic tech company App Dynamic, the creators of screen mirroring software AirServer. The app, which allows people with any device to mirror and share their screen on a display, will be prominently featured on Intel’s new meeting room tech: Intel Unite. “Intel is

The ten companies that pitched at Startup Tourism 2018

The ten companies that pitched at Startup Tourism 2018

Startup Tourism had its demo day yesterday, Friday March 23nd. As usual, the companies that went through the accelerator pitched to a room of investors, tourism industry executives and others. In addition to the pitches, founder of Couchsurfing Casey Fenton, gave a keynote. The ten companies that pitched were the

Berlin based Klang Games raise $5m investment

Klang Games, the Berlin based, Icelander founded gaming company, just announced a $5m investment from gaming VC Makers Fund, as well as Firstminute Capital, Neoteny, Mosaic Ventures, and Novator. Gamesindustry Biz reported. The company was previously backed by notable Icelandic tech veterans David Helgason (Founder of Unity) and Adalsteinn Ottarsson

Meniga awarded Best of Show at Finovate 2018

Meniga awarded Best of Show at Finovate 2018

Icelandic fintech company Meniga was recently awarded Best of Show at the Finovate fintech conference in London. The company has previously received the award in 2011, 2013 and 2015. From the press release: In front of a full house the ExCel in London chief Product Owner Finnur Magnússon and Senior

Valka raises capital, NSA Ventures and Frumtak exit the company

Valka raises capital, NSA Ventures and Frumtak exit the company

NSA Ventures and Frumtak have sold their 37% share in food processing tech company Valka. New shares were also issued in the transaction, to current shareholders. The shares were sold to a group of current investors – Fossar, Vogabakki, Vortindur (the holding company of founder Helgi Hjálmarsson), and other investors. The

Solfar unveils newest VR project: In Death, a roguelite shooter

Solfar, the Icelandic VR studio founded by CCP veterans and backed by Reaktor Ventures, Inventure, NSA Ventures and more, just unveiled their next project after Everest VR. It’s called In Death and they described it as a “roguelite shooter, set in the godless afterlife.” From the announcement: In Death’