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PaxFlow secures a $2.2M investment from Brunnur

PaxFlow secures a $2.2M investment from Brunnur

Icelandic travel technology startup, PaxFlow, has secured $2.2M in investment from Brunnur, the Icelandic venture capital firm. The investment will enable PaxFlow to continue the development of its products, and also expand its sales and marketing activities in international markets. Up to eight software experts are soon to be

Loki Foods launches plant-based seafood and meats production site

Loki Foods launches plant-based seafood and meats production site

Loki Foods, an Icelandic venture-backed food technology company specializing in plant-based meats and seafood, has officially opened its first-scale production site in Kópavogur, Iceland. The new facility was launched ahead of schedule in March 2023 and will enable the company to meet the growing demand for sustainable and nutritious plant-based

Nordic Women in Tech Awards coming to Iceland to honour women leaders in technology

Nordic Women in Tech Awards coming to Iceland to honour women leaders in technology

The annual Nordic Women in Tech Awards (NWITA), which recognizes and celebrates women’s achievements in technology across the Nordic countries, has announced that the #NWITA2023 gala event will take place at the Harpa Conference and Concert venue in Reykjavik, Iceland, on November 9, 2023. Additionally, WomenTechIceland, a non-profit organization

Mýsköpun raises a $700K round led by New Business Venture Fund

Mýsköpun raises a $700K round led by New Business Venture Fund

Mýsköpun, an Icelandic biotech startup based in Mývatnsveit, has secured $700,000 in a funding round led by New Business Venture Fund (Icelandic: Nýsköpunarsjóður atvinnulífsins), with participation from other investors including Upphaf, Jón Ingi Hinriksson ehf, Jarðböðin, and Fjárfestingafélag Þingeyinga. Mýsköpun has been researching algae for several years, with a

Focalpay secures $1.4M in funding from SKEL

Focalpay secures $1.4M in funding from SKEL

Last week, Focalpay, the Stockholm-based commerce platform that merges payment and retail processes, announced an investment of $1.4M from the Icelandic investment company SKEL, with a valuation of $14M. This recent funding round will enable Focalpay to further develop its innovative platform with new features. The CEO and Co-Founder

CCP Games secures a $40M funding round for a new AAA Game with blockchain technology

CCP Games secures a $40M funding round for a new AAA Game with blockchain technology

CCP Games, the Icelandic gaming company that created the popular sci-fi MMO EVE Online, has secured $40M in funding for a new AAA game using blockchain technology. The financing was led by Andreessen Horowitz (a16z), with participation from Makers Fund, BITKRAFT, Kingsway Capital, HASHED, Nexon, and additional participants. The funding

Slate secures investment from Aranja to simplify backend development for software development teams

Slate secures investment from Aranja to simplify backend development for software development teams

Slate, an Icelandic startup that aims to make the development of web services and databases more accessible to software development teams has secured an investment from Aranja, a development studio known for creating comprehensive digital solutions. The founders of Slate, Alexander Jósep Blöndal and Birkir Örn Karlsson, have been working