Northstack Editorial

Northstack Editorial

Valka raises capital, NSA Ventures and Frumtak exit the company

Valka raises capital, NSA Ventures and Frumtak exit the company

NSA Ventures and Frumtak have sold their 37% share in food processing tech company Valka. New shares were also issued in the transaction, to current shareholders. The shares were sold to a group of current investors – Fossar, Vogabakki, Vortindur (the holding company of founder Helgi Hjálmarsson), and other investors. The

Genki Instruments just launched an Indiegogo campaign for their first device, Wave

Genki Instruments just launched an Indiegogo campaign for their first device, Wave

Genki Instruments officially launched an Indiegogo campaign for its new device, Wave, today. Wave is a ring that lets musicians control sound, shape effects and send commands with the motion of their hands. Genki Instruments, who are on a mission to make technology and music feel more natura, was founded

Three new employees at NSA Ventures

NSA Ventures, the government owned evergreen venture fund, has hired three new people – a director of finance and two investment managers. These hires follow big changes at the fund, when Helga Valfells (then CEO), Hekla Arnardóttir and Jenný Ruth Hrafnsdóttir (investment managers), left NSA Ventures to found Crowberry Capital. Following

Florealis closes $3.8m funding round led by NSA Ventures

Florealis closes $3.8m funding round led by NSA Ventures

Pharmaceutical company Florealis just announced it had closes a $3.9m funding round, led by NSA Ventures. Former investors, Einvala, and other private investors also took part in the funding round. “Exciting times ahead for us, following the addition to our investor group,” said Kolbrún Hrafnkelsdóttir, CEO of Florealis, in

The Year of the Seed Round: The 2017 Funding Report

The past year had several interesting highlights when looking at the funding landscape. The $240m monster round invested in WuXi NextCODE, the first investment from Index Ventures, and the first Icelandic startup (that we know of) to receive investment from only foreign sources – Authenteq. In this funding report we’ll

Solid Clouds raises $2.5m from Kjölur fjárfestingarfélag

Solid Clouds, the game developer working on Space MMO game Starborne, just announced a $2.5m (270m ISK) funding round led by Kjölur fjárfestingarfélag. Other previous investors also participated in the round. In addition, the company received a $475.000 (50m ISK) growth grant from the Technology Development Fund. “We’

Medical fish skin company Kerecis closes $3m convertible note

Medical fish skin company Kerecis closes $3m convertible note

Ísafjörður based Kerecis, that creates fish skin based products to help with healing of wounds, recently announced it had sold a $3m convertible note to its current investors. All the largest investors in the company participated, and the note was oversubscribed. Kerecis was in NSA Ventures portfolio until 2014 when