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Ásthildur Otharsdóttir joins Frumtak Ventures as partner

Ásthildur Otharsdóttir joins Frumtak Ventures as partner

Ásthildur Otharsdóttir has become a new partner of the Icelandic investment company Frumtak Ventures, which manages the VC funds Frumtak I and Frumtak II. This was announced in a press release by Frumtak earlier today. According to the press release, Ásthildur will – along with the company’s current partners, Eggert

Estonian investors encourage Icelanders to take a look at Funderbeam

A director at Funderbeam, an online fundraising platform which some Icelandic companies have used, says that it has sparked some attention how limited the participation of Icelandic investors is on the platform. Morgunblaðið, an Icelandic daily, spoke to Runno Allikivi, which leads Funderbeam in the Nordics, earlier this week. He

AwareGO signs a three-year contract with Mondelēz

AwareGO signs a three-year contract with Mondelēz

The Icelandic cybersecurity company AwareGO has signed a three-year contract with the American snack producer Mondelēz International on providing training solutions for its staff. According to a press release issued by AwareGO, Mondelēz chose the company’s training platform because it was considered simple and well-suited to reach a large

Genki

Genki's smart ring is back with new functions for pandemic times

Genki Instruments, a design-driven technology company based in Iceland, is now marketing a new version of its product. The product is built on the existing Wave smart ring, which is a wearable MIDI controller. While the original Wave smart ring was designed for musicians, the new version, called Wave for

Amidst pandemic, Icelandic tech and innovation firms are optimistic and expect future growth

Amidst pandemic, Icelandic tech and innovation firms are optimistic and expect future growth

Icelandic innovation and technology firms with business relations abroad increased their hirings by 14% last year and the majority of them are likely to continue growing this year. These firms seem to have fared better than other Icelandic firms and to be more optimistic about growth opportunities in the coming

Meniga closes a $11.8m investment round led by Velocity Capital and Frumtak Ventures

Meniga closes a $11.8m investment round led by Velocity Capital and Frumtak Ventures

Meniga has closed a $11.8m (€10m) strategic investment round led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the round include Industrifonden, the UK Government’s Future Fund, and existing customers UniCredit, Swedbank, Groupe BPCE, and Íslandsbanki. The company says the funding will be

First glimpse of what Iceland Innovation Week will offer

First glimpse of what Iceland Innovation Week will offer

Today, Iceland Innovation Week unveiled the first batch of events that will take place both online and in person during the festival from May 26th to June 2nd. The festival, which is called Nýsköpunarvikan in Icelandic, was founded last year and its first edition took place, fully online due to