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Unity Co-Founder will start a new investment fund and move to Iceland

Unity Co-Founder will start a new investment fund and move to Iceland

Davíð Helgason, Co-Founder and former CEO of the software company Unity Technologies, will move to Iceland this summer and start an investment fund along with his brother, Ari Helgason. The new fund will focus on investing in green technology, but Davíð claims that Iceland can be a “laboratory for the

aerial photo of body of water crashing into shore

Icelandic Startups & Tech Roundup on May 10

Here are some of the things that have been happening in the Icelandic innovation ecosystem lately. New Frumtak fund Frumtak Ventures is on the verge of closing a new 7 billion ISK (56m$) venture fund. Ásthildur Otharsdóttir, partner and investment manager at Frumtak, spoke to Fréttablaðið about the new fund,

Oculis raises $57m Series C led by BVCF Management and Hyfinity Investments

Oculis raises $57m Series C led by BVCF Management and Hyfinity Investments

Iceland founded Oculis Pharma has closed an oversubscribed $57 million Series C financing. Oculis said in a press release that the proceeds from the financing will accelerate the company’s strategy with the aim of delivering key goals in the near future to drive shareholder value and bring transformative therapies

Vista Data Vision acquired by Bentley Systems for an undisclosed amount

Vista Data Vision acquired by Bentley Systems for an undisclosed amount

Vista Data Vision, a Reykjavík based software company specializing in data monitoring systems, has been acquired by Bentley Systems Inc., an infrastructure engineering software company listed on the NASDAQ stock exchange. The acquisition was announced on April 29. Vista Data Vision is a second-generation family business spun out of Vista

Hefring raises an undisclosed amount in a financing round led by The New Business Venture Fund

Hefring raises an undisclosed amount in a financing round led by The New Business Venture Fund

The start-up company Hefring Marine has closed a financing round led by the New Business Venture Fund (Nýsköpunarsjóður atvinnulífsins). Two other funds invested in this round, the German fund Innoport and the American fund TechNexus. The New Business Venture Fund acquired a quarter of Hefring when the fund first invested

Icelandic Startups & Tech Roundup on April 27

Icelandic Startups & Tech Roundup on April 27

We have decided to start collecting the news you might have missed from the Icelandic startup ecosystem in the last week or so, delivering them to you on a regular basis. Here’s what’s been happening lately: Carbfix to open up a plant Carbfix, a company which has developed

EpiEndo receives €2.7m from the European Innovation Council Fund

EpiEndo receives €2.7m from the European Innovation Council Fund

EpiEndo Pharmaceuticals, an Icelandic clinical-stage biopharmaceutical company developing novel non-antibiotic macrolide therapeutics for the treatment of inflammatory disorders, announced last week that it was a recipient of a €2.7m convertible loan agreement from the European Innovation Council Fund. The Fund was created by the European Commission last year, and