Northstack Editorial

Northstack Editorial

Getlocal adds local advice for global travelers

Getlocal adds local advice for global travelers

Getlocal, an Icelandic startup in travel tech, just launched a new service today where the goal is to help travelers get local advice from people with similar tastes and interests that they can trust. The company was founded by a group of investors and industry veterans including Einar Þór Gústafsson,

QuizUp founders' new company Teatime raises $1.6m seed led by Index Ventures

QuizUp founders' new company Teatime raises $1.6m seed led by Index Ventures

Teatime, a new startup founded by four ex-QuizUppers, just announced a $1.6m funding round, led by London based Index Ventures. Other investors include David Wallerstein, SEVP at Tencent, and David Helgason, founder of Unity. Teatime had previously raised $200k from the founders. “I am incredibly excited to work with

Icelandic audiobook publisher Skynjun acquired for estimated €200.000

Skynjun, Icelandic publisher of audiobooks, has been acquired by Sweden’s Storytel. The purchase is payed for with shares in Storytel priced at a 30 day weighted price point. In the end of 2019, an additional, performance based earn-out payment. The total payout is estimated at €200K. Storytel’s acquisition

Klappir Green Solutions listed on Nasdaq First North

Last Thursday, Klappir Green Solutions (KGS) was listed on Nasdaq’s First North market. After two trades, the company’s B-shares were priced at 14.5 ISK per share, valuing the total available B-shares at roughly 960 million ISK, ~$8.8m. The company also has A-shares outstanding that are not

Uber, Lyft and Iceland: Will they ever come?

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. Transportation Ministry to look into Uber & Lyft From Vísir: Jón Gunnarsson, minister of transport, will appoint a working group to look into the possibility of ride sharing

WuXi Nextcode closes $240m Series B funding round

WuXi Nextcode closes $240m Series B funding round

Genetic data platform WuXi NextCODE just announced a massive $240m series B financing round. The company extended and completed the Series B round with investment from a consortium led by Sequoia China and including Temasek, Yunfeng Capital and 3W Partners. Temasek, Yunfeng and 3W also participated in the initial Series

The winners of the Nordic Startup Awards - Iceland

Today, the winners of the Icelandic finale of the Nordic Startup Awards were announced. “The winners were selected by a panel of judges, each with proven experience and skill in recognising the potential of a startup. These choices were based upon the nominee’s quality and impact within their industry