Northstack Editorial

Northstack Editorial

QuizUp raises $7.5 million from Glu Mobile

Glu Mobile (GLUU), maker of mobile games such as Kim Kardashian: Hollywood, just announced a $7.5 million dollar funding round in Plain Vanilla – makers of QuizUp. The funding comes in a form of convertible debt. Glu has the option to acquire Plain Vanilla if the cooperation goes well. Read

Selling the Future

During a panel discussion a couple of months ago, a number of successful entrepreneurs from the Nordic countries (Iceland, Sweden, Denmark, Norway, and Finland) were asked what was the most difficult part about raising money here in Silicon Valley from a cultural perspective. One of the panelists said it was

New, bigger grants introduced at the Technology Development Fund

Earlier this month, the Icelandic Centre for Research (Rannís) unveiled its strategy for the Technology Development Fund going forward. According to a statement, the purpose of the changes is to make the fund more open and effective for applications from a wider range of individuals and organizations. The first new

Controlant receives $2.47 million funding

Controlant has received $2.47 million (320m ISK) in a funding round led by venture fund Frumtak 2, which is joined by various other investors through the investment company TT Investments ehf. This investment was included in Norðurskautið’s Q4 2015 funding analysis. Controlant offers automated cloud-based temperature monitoring solutions

2015: A record year for Icelandic tech investments

A report by The Nordic Web on Icelandic tech and startup investments in 2015 shows a staggering 1,568% growth in year-on-year funding from 2014 to 2015. Number of investments rose from seven to seventeen. This massive growth in funding is mainly fueled by three big investments: Verne Global’s

Kids are reading less and Study Cake wants to fix that

Study Cake, one of Startup Reykjavik’s 2015 batch, is launching its app today. The app, which aims at making reading more fun, by allowing parents (and others) to gamify their children’s reading. “Children are reading less, and we want to fix that problem,” says Kjartan Þórisson, CEO and

Klak Innovit becomes Icelandic Startups

Today, startup community organization Klak Innovit, organizer of initiatives like Gulleggið idea competition and the Startup Reykjavik and Startup Energy Reykjavik accelerators, is rebranding as Icelandic Startups. “The new brand accompanies a decision to focus more on global relations and cooperation on behalf of the Icelandic Startup Community,” says Salóme