Northstack Editorial

Northstack Editorial

Íslandsbanki invests €3m in Meniga in strategic round

Íslandsbanki invests €3m in Meniga in strategic round

Íslandsbanki, one of Iceland’s “big three” banks invested €3m in Meniga, roughly ten years after Íslandsbanki became the fintech startup’s first customer. “We’re very happy to have Íslandsbanki join us as an investor and look forward to working closely with the bank,” CEO and cofounder Georg Lúðvíksson

GRID, the SaaS startup here to free the spreadsheet, raises $1m angel round

GRID, the SaaS startup here to free the spreadsheet, raises $1m angel round

GRID, the software company here to “Free the Spreadsheet,” closed a $1M angel round of funding this Monday. “We are thrilled that the international investment community joins us in our enthusiastic mission,” said Hjálmar Gíslason, founder and CEO. “We look forward to partnering with these investors to expand GRID’s

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