Northstack Editorial

Northstack Editorial

Here are the ten companies participating in Startup Reykjavik 2018

Here are the ten companies participating in Startup Reykjavik 2018

Summer is the time of Iceland’s most well known accelerator, Startup Reykjavik. Around that time, ten companies are selected to participate in the program which is owned by Arion Banki and executed by Icelandic Startups. This is the seventh consecutive year the accelerator is run. This year, the number

Four things you should know about Startup Iceland 2018

Four things you should know about Startup Iceland 2018

This week is Startup Iceland week – when Harpa is filled with startup people from all over the world. It also marks the start of summer, which is often a fairly active season for the startup scene in Iceland. To commemorate that, we have 4 things you should know about Startup

Teatime Games raise $7.5m Series A led by Index Ventures with participation from Atomico

Teatime Games raise $7.5m Series A led by Index Ventures with participation from Atomico

Mobile gaming company Teatime Games just announced a $7.5m Series A round led by Index Ventures. VC fund Atomico also participated in the round. The investment brings total investment in the company to roughly $9m dollars, including a $1.6m seed round in late 2017. “Games have always been

Impact Investing is trending in the Nordics – Glimpse of Rising North’s latest funding round

Impact Investing is trending in the Nordics – Glimpse of Rising North’s latest funding round

The Rising North fund has given out over €400 000 in the first application round 2018. This is the largest amount of funding given out so far. The most dominant trend amongst the 10 pan-Nordic projects was the interest towards building a strong impact investment community in the Nordics. A

Arctic Green Energy complete $150m equity and debt financing

Arctic Green Energy complete $150m equity and debt financing

Icelandic-Chinese Arctic Green Energy, developer of geothermal district heating projects in China, has completed a $150 million equity and debt funding with Chinese investors. Included in this funding round is a loan from the Chinese Development Bank. The investors were CITIC Capital and China Everbright Limited in addition to the

Kúla 3D closes $300k seed round and releases lens for smartphones

Kúla 3D closes $300k seed round and releases lens for smartphones

Kúla 3D, maker of 3D lenses for cameras, just announced it closed a $300,000 seed round. This is the first fundraise for the company, which has previously received financing from the Technology Development Fund. “My daughter was two years old when I started experimenting with a prototype of 3D

Meniga raises $3.7m from Swedbank

Meniga raises $3.7m from Swedbank

Nordic bank Swedbank today announced it had invested $3.7m (€3m) in Meniga in a strategic financing round which includes other key customers of the company. “We see Meniga as an innovation partner to give our customers a digital experience that includes a better overview and insights of all their