Northstack Editorial

Northstack Editorial

Drone startup Flygildi raises angel funding

Drone startup Flygildi raises angel funding

Drone startup Flygildi, which is creating a drone that is disguised as a bird, flies flapping wings, and is undetectable by radar, has raised an angel round. The amount is undisclosed. Flygildi was founded by the two engineers Hjalti Harðarson and Dr. Leifur Þór Leifsson. In a press release, Helga

Startup Reykjavik Values its Portfolio since 2012 at $2.3m (278m ISK)

Startup Reykjavik Values its Portfolio since 2012 at $2.3m (278m ISK)

In a new post by Einar Gunnar Guðmundsson of Arion Banki, he reveals that Arion Banki’s daughter company Startup Reykjavik Invest currently values its portfolio of companies that have participated in Startup Reykjavik at $2.3m (278m ISK). The bank’s total direct investment (not counting the operational fees

Iceland Venture Studio announces new fund

Last week, Dattaca Labs announced Iceland Venture Studio, a new “growth solution for entrepreneurs and startup founders.” The Studio has raised a $1m fund, working towards a total size of $5m, to invest in early stage companies. “We’re very committed to our investment thesis,” CEO and co-founder Bala Kamallakharan

Silicon Valley Internship Program opens for Icelandic Applications

Silicon Valley Internship Program opens for Icelandic Applications

Silicon Valley Internship Program, founded in 2013 with the goal of closing the talent gap whilst giving international engineers the skills they need to become successful entrepreneurs in their home countries, is partnering with Reykjavik University to offer internship positions to Icelandic developers. From the press release: The tech industry

geoSilica raises $425,000 Series A round from pension fund Lífsverk

geoSilica raises $425,000 Series A round from pension fund Lífsverk

geoSilica, just announced a $425,000 Series A round led by pension fund Lífsverk, with earlier investors participating. This funding round follows a $330,000 angel round in September 2018. After the round, Lífsverk owns a 6,7% share of GeoSilica, valuing the company at roughly $6.2m. Spakur finance

EpiEndo Pharmaceuticals raise €800k to advance their treatments for respiratory diseases

EpiEndo Pharmaceuticals raise €800k to advance their treatments for respiratory diseases

EpiEndo Pharmaceuticals announced yesterday a fundraise of €800k from a syndicate of local funds and angels including Brunnur Ventures, with participation from existing shareholders. The funds will be used to advance the pre-clinical development of their lead program of proprietary products called “Barriolides” for the treatment of Chronic Obstructive Pulmonary

Identity Verification startup Authenteq raises $5m led by Draper Associates and capital300

Identity Verification startup Authenteq raises $5m led by Draper Associates and capital300

Reykjavik and Berlin based identity verification startup Authenteq, announced today a $5m first close in a Series A round. The round is led by Draper Associates and capital300. The company raised a $1.3m seed round a little over a year ago. In a statment, Kári Thor Rúnarsson co-founder and