Northstack Editorial

Northstack Editorial

Tempo's earnings, restructuring, and possible sale

This post was originally sent out as part of The Memo, our weekly newsletter with updates and commentary on the Icelandic startup and tech scene. You can sign up here. As expected, Tempo continues its double-digit year-on-year sales growth this quarter. Announced by Finnur Oddsson, Nýherji CEO (Tempo parent company)

Northzone VC on Startup Reykjavik companies: "I will have at least two follow-up calls immediately"

“Absolutely. From the pitches, I will have at least two follow-up calls immediately,” said Marta Sjögren, Principal at Northzone Ventures, when Norðurskautið asked if she was planning on taking meetings with any of the companies that were pitching today. “Their ability to communicate their bigger vision was great, and also

Seven Startup Reykjavik companies to watch

Today is investor day at Startup Reykjavik 2016. This is the fifth time the accelerator is operated and today’s pitches by the ten companies participating this year are a culmination of 10 weeks of work. The event invites investors, corporate executives, and press to see, and potentially invest in,

Mint Solutions raise €5m Series B

Mint Solutions, developer of the medication safety system MedEye, just announced a €5m Series B round led by Brabant Development Partners and LSP (Life Sciences Partners), and Seventure Partners. Other shareholders, including Icelandic NSA Ventures, and smaller private shareholders, also participated in the round. “This investment comes at a crucial

Meniga announces €7.3m investment led by Velocity Capital and Frumtak Ventures

Meniga just announced it raised a €7.3m ($8.3m) round led by current investors Velocity Capital and Frumtak Ventures earlier this year. The funding will be used to further expand its white label personal finance, personalization and data-driven marketing solutions for retail banks and merchants, according to a statement.

The Memo: Study Cake, and thoughts on Startup Reykjavik investor day

First a couple of announcements: We’re hosting an after-work meetup at Loft in two weeks. We think there should be more opportunities for people in the tech and startup sectors to meet and connect, so we’ve decided to host a meetup. It’ll be on Friday September 2nd

The Memo: Funding rounds and Startup Reykjavik's term sheet

Last week was eventful. Two funding rounds announced and Icelandic media wrote a lot about startups. Norðurskautið was also working on some interesting news – we’ll get to that later. Before the memo, a short request. We would like your term sheet 🙏 We’re researching how the term sheet culture