Northstack Editorial

Northstack Editorial

Investment in Swedish Elsa Science marks first international investment for Crowberry Capital

Investment in Swedish Elsa Science marks first international investment for Crowberry Capital

Elsa Science, a Swedish life science company that helps people with chronic illnesses make better lifestyle choices, announced on October 16 a $700,000 seed round from investors Inventure, Crowberry Capital, and several angels. Hekla Arnardóttir of Crowberry will join the board. This investment marks the first time Crowberry Capital

Movement in the Innovation Committee

Movement in the Innovation Committee

Earlier this year, Minister for Innovation and Industry Þórdís Kolbrún announced the creation of a bi-lateral committee on Innovation Strategy for Iceland. This committee would oversee the work of five sub-groups, each focused on a particular area of the innovation strategy. It would be a bi-lateral committee, with all political

StartupDocs bring legal templates for startups to Iceland

StartupDocs bring legal templates for startups to Iceland

Startup Docs, a project by entrepreneur and angel investor Erik Byrenius, just launched in Iceland. The website, which hosts legal templates for startups, follows in the footsteps of StartupDocs websites for the other Nordic countries. The documents were adapted for Icelandic law by lawyers Daði Bjarnason and Jóhann Tómas Sigurðsson,

Unpacking the CCP sale

This post is part of The Northstack Memo, a newsletter analysing the tech and startup scene in Iceland. The CCP Sale As most of you probably know, Eve Online creator CCP was sold to Pearl Abyss last week, for a $425m in total. Pearl Abyss, a seven year old South

Guide to Iceland raises $20m valuing the company at $100m

Guide to Iceland raises $20m valuing the company at $100m

Traveltech startup Guide to Iceland, which connects travel operators with travelers, and whitelabels such marketplaces through the subsidiary Travelshift, has announced a $20m funding round. State Street Global Advisors, in its capacity as an advisor and manager of private equity, invested in the company. State Street receive a 20% share

TripCreator raises $3m from a range of VC funds and business angels

Note: This article has been updated to correctly reflect the amount raised to be $3m, rather than $8m (which is the total the company has raised) Icelandic travel tech company TripCreator just announced a $3m fundraise from various VC funds and business angels, bringing the total raised by the company

CCP Acquired by Pearl Abyss for $425m

Korean Pearl Abyss, maker of Black Desert Online, just announced it had acquired Icelandic CCP, maker of Eve Online. CCP will continue to operate as an independent studio with operations in Reykjavik, Shanghai, and London. The sale price is $425m. Pearl Abyss CEO Robin Jung stated, “We are thrilled to