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Kría backs Frumtak, Crowberry and Eyrir with $16.8M

Kría backs Frumtak, Crowberry and Eyrir with $16.8M

Kría, a public innovation fund that invests in VCs as an LP, has announced its first round of investments into local VCs. (disclaimer: Kiddi, the founder of Northstack is the chairman of Kría) The vehicle, dubbed an Icelandic Venture Initiative will invest around $16,800,000 over the next three

Plaio secures $2.25M funding from Frumtak Ventures

Plaio secures $2.25M funding from Frumtak Ventures

Plaio is an Icelandic software startup that digitizes demand, manufacturing, and purchase planning for generic pharmaceutical manufacturers, for agile manufacturing operations and precision product output. The company announced it’s $2.25M pre-series A investment round by Frumtak Ventures. Plaio was founded by Jóhann Guðbjargarson in May, building on a

Evolytes raises a $520,000 seed round led by NSA Ventures

Evolytes raises a $520,000 seed round led by NSA Ventures

Icelandic EdTech startup Evolytes has secured a $520,000 financing round led by NSA Ventures. Evolytes has developed a comprehensive learning solution that teaches children mathematics fast and effectively in a fun and engaging way. It is based on research and theories in psychology to speed up student skill acquisition.

Mainframe Industries raises $22.9M Series B led by a16z

Mainframe Industries raises $22.9M Series B led by a16z

Mainframe Industries, an Icelandic-Finnish gaming company formed in April 2019 to develop the world’s first cloud-native MMO, announced today the closing of $22.9M of additional funding. “When we first met the team, we were impressed by a roster of talent inclusive of the original developers behind trail-blazing MMOs

Hopp secures $2.8m funding from Brunnur

Hopp secures $2.8m funding from Brunnur

Earlier this month, the electric scooter rental company Hopp announced that Brunnur II had invested $2.8m into the company. The company hopes that this round of investment will allow them to grow internationally by setting up franchises worldwide. “Our goal is to influence the electric scooter market the same

LifeSwap is the first Icelandic startup at Techstars

LifeSwap is the first Icelandic startup at Techstars

LifeSwap, which was founded in 2021 is a marketplace where travellers can buy curated and customizable travel itineraries from local travel influencers. The company is currently participating in Techstars Seattle, making it the first Icelandic company to go through the prestigious accelerator. “As tourists, we have experienced how time-consuming it

Nordic Startup Awards Grand Finale 2022 to be held Iceland

Nordic Startup Awards Grand Finale 2022 to be held Iceland

The Nordic Startup Awards, in partnership with the Iceland Innovation Week, is bringing the grand finale of the competition to Iceland for years to come. The awards are a platform for connecting the Nordic startup scene by showcasing the best of the region from all corners of the ecosystem. In