Northstack Editorial

Northstack Editorial

Private Equity fund SIA III acquires Men&Mice

Private Equity fund SIA III acquires Men&Mice

Icelandic software company Men&Mice has been acquired by private equity fund SÍA III, which is managed by Stefnir. The acquisition price remains undisclosed. New Business Venture Fund and other investors are the sellers. The company was founded in 1990 by Petur Petursson and Jon Georg Adalsteinsson. The New

Figuring out how to move to Iceland just became easier with the opening of Work in Iceland

Figuring out how to move to Iceland just became easier with the opening of Work in Iceland

Today, Þórdís Kolbrún Reykfjörð Gylfadóttir, the minister for tourism, industry, and innovation, formally opened Work in Iceland, a “one-stop shop to provide comprehensive information about the job market in Iceland, to help foreign experts move to Iceland for work.” Work in Iceland is a collaborative project between Promote Iceland, Federation

Interview with Pétur Ólafsson, founder of BuddyPhones and ONANOFF

Interview with Pétur Ólafsson, founder of BuddyPhones and ONANOFF

In today’s multi-media content driven world, kids of all ages are exposed to sound all the time, more often than not viewing or listening with headphones. This led to a considerable amount of kids developing hearing issues due to the high volume possible through the headphones This, in part,

Buddyphones maker Nordic Enterprises Ltd. raises $1m

Buddyphones maker Nordic Enterprises Ltd. raises $1m

Creator of kid headphones Buddyphones, Nordic Enterprises Ltd., recently announced a $1m (125m ISK) funding round. The funding was through a convertible bond purchased by local (Icelandic) investors. Centra assisted with the financing. The company was founded by Pétur Ólafsson and Bjarki Garðarsson with the goal of designing and developing

Hefring Marine raises an undisclosed amount from New Business Venture Fund

Hefring Marine raises an undisclosed amount from New Business Venture Fund

Hefring Marine, an Icelandic startup that builds products to increase seafarer safety and give vessel owners insights into the use of their ships, just announced a funding round from New Business Venture Fund. The amount remains undisclosed, but it follows the announcement that the fund will receive a bit under

Raising €700K through a funding platform: an interview with Lava Cheese cofounder Guðmundur Páll Líndal

Raising €700K through a funding platform: an interview with Lava Cheese cofounder Guðmundur Páll Líndal

Last week we wrote about Lava Cheese raising money through Funderbeam. The story is interesting to me on several points: A company raising a solid seed amount using somewhat unconventional methods; most of the money coming from outside of Iceland, and the fact that a foreign platform supports funding Icelandic

Waltz of the Wizard: Extended Edition

Aldin announces Waltz of the Wizard: Extended Edition

Icelandic VR developer Aldin, recently announced Waltz of the Wizard: Extended Edition, following the success of their earlier game and the highest rated VR title on Steam, Waltz of the Wizard. “The Extended Edition adds new spells and interactive objects, with major visual remastering, performance improvements and additional options that