Northstack Editorial

Northstack Editorial

Key takeaways from the EVE Fanfest 2016 opening keynote

The 12th annual EVE fanfest, the ‘árshátíð’ of players, developers and other stakeholders was kicked off yesterday with a keynote address by CEO Hilmar Veigar Pétursson. He discussed the state and future plans of CCP the makers of EVE and a number of VR games. Norðurskautið was present, here are

The Memo: Iceland might be running into a VC problem

Last week we posted the last of three analysis into the activity of the Icelandic VC funds that all closed in 2015. Two funds, Brunnur and Frumtak, have a considerable amount available to startups. Based on the rate of investment until now, I expect them to be deployed in the

Eyrir Sprotar almost fully deployed – $17.2 million in ten companies

The last of the three venture funds, Eyrir Sprotar, announced it had raised 2.5bn ISK early 2015, and then closed its fund on $3.5bn in November. The fund has been active since 2012, which makes it the oldest of the three funds. Investments Eyrir Sprotar has invested in

Tax-breaks proposed to help startups

The Ministry of Finance has introduced a bill to change various tax regulations in regards to startups in Iceland. We’ve previously written about these changes, and it’s good news that the Ministry has followed promises with actions. Too bad about the timing though. The highlights of the bill

Iceland Q1 2016 Funding & Exits Report

The first quarter of 2016 starts off with a $13.4 million disclosed in fundings in seven funding rounds. Comparison to Q1 2015 The number of investments more than doubled from the same quarter last year (from three to seven) . Total amount invested, however, fell drastically, only due to one

Klappir invests undisclosed amount in Datadrive

Datadrive, maker of a system that tracks and analyses driving patterns, has closed a funding round from Klappir. The amount is undisclosed. Datadrive was in the 2015 batch of Startup Reykjavik and pitched to investors at the demoday last August. Klappir is an investment company focused on green technologies. It

Kaptio raises $2.6 million from Capital A and Frumtak 2

Kaptio, maker of Kaptio Travel, has raised a $2.6 million round from Frumtak 2 and Capital A Partners. Previous investors NSA and Kaskur also participated in the round. Kaptio creates Kaptio Travel, a plug in for SalesForce, designed to help travel professionals manage their work in the cloud. Kaptio