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 of the accelerator) in Startup Reykjavik companies has… Read More Startup Reykjavik Values its Portfolio since 2012 at $2.3m (278m ISK)

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.

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.

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.

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 Icelandic startup Nordic Style Magazine has signed a sales and distribution agreement with the world’s largest bookstore, Barnes & Noble.  Nordic Style Magazine gives its global readers daily updates from the Nordic design, fashion, art and culture scene via its site, www.nordicstylemag.com.  Nordic Style has scouted new designers and talents, which in many cases have been featured… Read More Nordic Style Magazine becomes first Icelandic Magazine distributed in the US