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Genki

Genki's smart ring is back with new functions for pandemic times

Genki Instruments, a design-driven technology company based in Iceland, is now marketing a new version of its product. The product is built on the existing Wave smart ring, which is a wearable MIDI controller. While the original Wave smart ring was designed for musicians, the new version, called Wave for

Amidst pandemic, Icelandic tech and innovation firms are optimistic and expect future growth

Amidst pandemic, Icelandic tech and innovation firms are optimistic and expect future growth

Icelandic innovation and technology firms with business relations abroad increased their hirings by 14% last year and the majority of them are likely to continue growing this year. These firms seem to have fared better than other Icelandic firms and to be more optimistic about growth opportunities in the coming

Meniga closes a $11.8m investment round led by Velocity Capital and Frumtak Ventures

Meniga closes a $11.8m investment round led by Velocity Capital and Frumtak Ventures

Meniga has closed a $11.8m (€10m) strategic investment round led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the round include Industrifonden, the UK Government’s Future Fund, and existing customers UniCredit, Swedbank, Groupe BPCE, and Íslandsbanki. The company says the funding will be

First glimpse of what Iceland Innovation Week will offer

First glimpse of what Iceland Innovation Week will offer

Today, Iceland Innovation Week unveiled the first batch of events that will take place both online and in person during the festival from May 26th to June 2nd. The festival, which is called Nýsköpunarvikan in Icelandic, was founded last year and its first edition took place, fully online due to

2021 Q1 acquisition roundup - Big names show interest but prices remain undisclosed

2021 Q1 acquisition roundup - Big names show interest but prices remain undisclosed

Since the beginning of this year, eight Icelandic tech firms have been partially or fully acquired by investors or tech companies, both domestic and foreign. Although some of the buyers are well-known international investment funds or companies, the size of the acquisitions remain a mystery. Icelandic firms buy fintech app

Mussila aims to scale up through an IVS led Funderbeam campaign

Mussila aims to scale up through an IVS led Funderbeam campaign

Icelandic Venture Studio (IVS) is leading the Icelandic EdTech company Mussila into a financing round via Funderbeam, an online investment platform. Mussila wants to collect at least €600k in this round but sets its goal even higher and aims to collect €1.2m from investors. Jon Gunnar Thordarson, CEO of

Kvika closes first round of financing for venture capital fund Iðunn at $53m

Kvika closes first round of financing for venture capital fund Iðunn at $53m

Kvika Asset Management has completed the financing of a new venture capital fund called Iðunn. The fund raised USD 53 million (ISK 6.7 billion) during its first round of financing. A second round is set to end in September 2021. The fund’s LPs are some of Iceland’s