Northstack Editorial

Northstack Editorial

Crowberry Capital, and the funding environment report

Crowberry Capital, and the funding environment report

Innovation ministry releases report on startup financing From the ministry’s website: On the basis of the action plan for entrepreneurship and innovation, Initative and Progress, announced by Ragnheiður Elín Árnadóttir, minister of Industry and Commerce, in December 2015, a detailed mapping of the startup funding environment has been made.

The companies funded by the Technology Development Fund

Mid-December is an important time for the Icelandic startup community, because the biggest financial supporter of startups announces what companies receive funding. 25 projects will be offered a grant, for a total of 450m ISK (~3.75m). The grants come in several types, Company grants, which can range from 20-70m

Former NSA Ventures investors raising new early stage fund: Crowberry Capital

CEO of NSA Ventures Helga Valfells, and two investment managers – Hekla Arnardóttir and Jenný Ruth Hrafnsdóttir – just announced that they will be leaving NSA Ventures to found a new VC fund: Crowberry Capital. They’re currently raising the fund. “There’s a need for an early stage investor right now

Will CCP be Iceland's first unicorn?

Will CCP be Iceland's first unicorn?

A huge news story (or rumour) for the Icelandic tech industry dropped just before the weekend. Bloomberg reports: “CCP hf, the Icelandic game developer that created the cult classic Eve Online game, is exploring strategic options including a sale of the business after receiving interest from potential bidders, according to

Karolina Fund nominated for Best Social Enterprise at Global Startup Awards

Crowdfunding platform Karolina Fund was in the running for the Global Startup Awards in Kuala Lumpur, Malaysa on December 9th 2016. Karolina Fund was nominated in the category Best Social Enterprise. The company previously won that category at the Nordic Startup Awards, which qualifed them for the Global edition. The

Locatify adds Thingvellir to growing list of local customers

The Icelandic tour and treasure hunt company Locatify just announced that Thingvellir – one of Iceland’s main tourist attraction (part of the Golden Circle and UNESCO heritage site – has become a customer of the company. Local software start-up Locatify adds UNESCO Heritage Site Thingvellir National Park to growing list of

Icelandic/Dutch fintech startup Five Degrees raises €10 million

Five Degrees, the Icelandic / Dutch Fintech startup, recently announced a €10m funding round from new investors Karmijn Kapitaal. Previous investors 5square and Velocity Capital (also an investor in Meniga) also participated. “For us, Karmijn Kapitaal is more than just a new shareholder. Their investment is a sign of trust in