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Funding Report Followup: Our data and method

In our recent 2021 funding report we decided to highlight the gender composition of the founding teams we tracked throughout the year. The figure, 22 all-male teams, 3 mixed teams and 0 all female teams has stirred up some conversations. (Insert: We have since learned that one of the teams

Rocky Road raises $2.5M from Crowberry Capital and Sisu Game Ventures

Rocky Road raises $2.5M from Crowberry Capital and Sisu Game Ventures

Rocky Road, a social games company, has announced a $2.5 million Seed funding round led by Crowberry Capital and Sisu Game Ventures. The company plans to build the first casual open world mobile game built on real map data. Rocky Road was founded by Thor Fridriksson, Vala Halldorsdottir and

LearnCove closes $780K Investment led by InfoCapital

LearnCove closes $780K Investment led by InfoCapital

The training and educational platform, LearnCove, has secured $780K in funding to accelerate international sales in the fishing industry. Learncove’s platform aims to replace the manual for processing equipment manufacturers and allow seafood companies optimize the quality processes and provide diverse training for their staff at land and sea.

Taktikal closes $2M investment from Brunnur Ventures

Taktikal closes $2M investment from Brunnur Ventures

Taktikal, a developer of digital trust solutions, announced that Brunnur Ventures invested $2M into the company. Taktikal provides enterprise-grade electronic signature solutions that allow companies to automate and streamline processes that require identification, authentication and authorisation. According to a press release the new funding will accelerate international sales expansion of

Spectaflow closes a $1.9M funding round led by Frumtak Ventures

Spectaflow closes a $1.9M funding round led by Frumtak Ventures

Spectaflow, which was founded in 2019 offers a SaaS solution for hotel and vacation rental property management, focused on improving cleaning and maintenance workflows, staffing planning and compliance to evolving international cleaning standards. The company, founded by Petur Orri Saemundsen, Erlendur Steinn Gudnason and Frans Veigar Gardarsson, currently has one

PayAnalytics raises $3.4m from Eyrir Vöxtur and NSA Ventures

PayAnalytics raises $3.4m from Eyrir Vöxtur and NSA Ventures

Earlier in December PayAnalytics closed a $3.4m funding round from Eyrir Vöxtur and existing investor NSA Ventures. PayAnalytics is a software solution that enables human resources managers and consultants to conduct their own salary review, measure gender and other demographic discrepancies in pay, and offers recommendations on how to

Lauf closes a $2M funding round

Lauf closes a $2M funding round

Icelandic bicycle startup Lauf has just closed a $2M funding round which values the company at around $23M. The majority of the capital came from new shareholders, but Lauf had previously raised $2.5M from the New Business Venture Fund. The company’s yearly revenue has doubled for the last