Northstack Editorial

Northstack Editorial

Q2 2016 Funding & Exit Report

After an eventful end of June in Icelandic news – we elected a new president, and kept on owning the Euro 2016 – we bring you the quarterly funding report. Next Monday’s Memo will be dedicated to commentary on the funding report results. We highly recommend you sign up here. As

Tulipop closes $2m Series A round led by Frumtak Ventures

Tulipop, maker of Tulipop world and character branded products, just announced a $2m financing round led by Frumtak Ventures. Þorbergur ehf., a previous investor, also participates in the round. “Tulipop is an exciting investment opportunity. [It] is a company built on Icelandic ingenuity which has a huge potential for international

Launching Norðurskautið Research & Reports

Today we’re launching a new section, Norðurskautið Research & Reports. The purpose of this new section is to collect in one place all the research and reports that we work on here at Norðurskautið, such as our quarterly funding reports. To start off this new section we’re announcing

The Memo: Comments from an Angel and thoughts about Startup Iceland

Another week, another Memo. First, a couple of announcements. We have a new team member at Norðurskautið. Her name is Guðbjörg Rist, an engineer from Chalmers, and she will be leading our efforts into research and reporting. If you’re interested in reports or research about the Icelandic startup scene,

The Memo: The Innovation Bill

I didn’t send out a Memo last Monday. I attended Startup Iceland and didn’t have time to write one. Sorry about that. Also, I’ll be doing two this week, so expect another one on Wednesday or Thursday. On to the Memo. Althingi passed the Innovation Bill last

"Innovation bill" passed in parliament

Yesterday, June 2nd 2016, Alþingi (the Icelandic Parliament) passed a bill dubbed the Innovation bill. The bill, which we’ve previously covered, introduces various reforms to the tax code to lessen the tax burden on startups and their employees. The highlights of the bill (as it was introduced) are the

“This is the year of hackathons in Europe”

Last Sunday a Ultrahack 2016 kick-off meeting was held here in Reykjavík – the first of many events where this year’s Ultrahack will be presented to local startup ecosystems across Europe. We took the chance and met with Mikko Järvilehto, Co-founder and CEO of Ultrahack, to discuss what Ultrahack is