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Innovation in Iceland could be strengthened with improved R&D support for smaller firms

Innovation in Iceland could be strengthened with improved R&D support for smaller firms

More effective support for business R&D would unlock private investment and improve the ability of smaller firms to innovate, according to a new Economic Survey for Iceland made by OECD. It is stated in the survey that Iceland is an innovative country, but nonetheless it has untapped innovation

atNorth data centre signs new electricity contract to meet increasing blockchain demand

atNorth data centre signs new electricity contract to meet increasing blockchain demand

Iceland’s public energy provider, Landsvirkjun, has signed a new two-year electricity contract to support the continued growth of atNorth data centres. AtNorth, which is owned by the Scandinavian IT company Advania, runs one of the largest data centres in Europe on the Reykjanes peninsula. According to a joint press

Solid Clouds raises $5.8 million in an oversubscribed share offering

Solid Clouds raises $5.8 million in an oversubscribed share offering

Solid Clouds has received orders in excess of the maximum number of Offer Shares in the company’s IPO that finished today. The maximum number of new shares sold in the offering had been limited to 58 million. The offer price was fixed at 12.5 kr. per share, so

Five°degrees launches the cloud banking platform °neo

Five°degrees launches the cloud banking platform °neo

The Icelandic/Dutch Fintech startup five°degrees formally unveiled its new cloud-native core banking platform, °neo, this Thursday. In an interview with Morgunblaðið, Björn Hólmþórsson – the company’s CEO in Iceland – says that the platform will revolutionise the international financial sector. According to Hólmþórsson, °neo offers a holistic solution for

Solid Clouds IPO starts next week

Solid Clouds IPO starts next week

The Icelandic video game company will start their Initial Public Offering (IPO) on the Nasdaq First North stock exchange, which is a part of Nasdaq Nordic, on Monday morning next week and ends on Wednesday afternoon. Arion Bank will be the manager of the IPO. Solid Clouds is a video

Smitten raises 2.7m$ in a funding round led by byFounders

Smitten raises 2.7m$ in a funding round led by byFounders

Smitten, a dating app for Generation Z and others who think online dating should be fun, has recently closed a 2.7m$ seed funding round led by byFounders, a community powered New Nordic VC. PROfounders, Brunnur Ventures, Inventures, Tiny.vc and several angel investors also partook in this round of

Frumtak closes a third VC fund at 57m$

Frumtak closes a third VC fund at 57m$

Frumtak Ventures has closed a new 57m$ (7 billion ISK) VC fund, Frumtak III, which will invest in startups that are in their first stages of financing and are deemed to have growth opportunities in international markets. According to a press release, the new fund will not specialize in any