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Startup Orkídea kicks off with five teams involved

Startup Orkídea kicks off with five teams involved

Five teams are currently participating in the Startup Orkídea business accelerator, a joint program by Icelandic Startups and Orkídea. Startup Orkídea is a new platform for the development of business ideas and innovation projects related to sustainable solutions in the field of high-tech food production and biotechnology. Each of the

Teatime Games to close

Teatime Games to close

Teatime Games, the Icelandic startup that is best known for a hit mobile game called Trivia Royale, has ceased operations. According to Thor Friðriksson, one of Teatime’s founders, the revenue stream from the company’s products hasn’t proved sufficient and talks regarding further funding have broken down. Teatime

view of people walking on street from a glass window

Sixty-five people have applied for Remote Worker Visas in Iceland

The Icelandic Directorate of Immigration has received a total of 65 requests for residence permits on the basis of rule changes that were made last autumn to make it easier for foreigners from outside the European Economic Area (EEA) to come to Iceland and work remotely. According to answers from

A new Arena for eSports to open this summer

A new Arena for eSports to open this summer

A high-rise building in Kópavogur will soon host a national arena for eSports in Iceland. Earlier this month plans were unveiled to open up an eSports arena, which will be called Arena. In a press release from Arena it is stated that the new facilities in Kópavogur will transform the

Icelandic start-ups abroad raised over $100 million in funding last year

Icelandic start-ups abroad raised over $100 million in funding last year

Four start-ups run by Icelanders living abroad secured more than $100 million in funding in 2020. A large part of the funding came from Icelandic investors, but the Chinese tech giant Tencent, as well as American and Swedish investors have also contributed to the financing of the companies, which are

NeckCare raises $900,000 in funding round

NeckCare raises $900,000 in funding round

The Icelandic healthcare and tech company NeckCare has raised 120 million kr. ($900,000) in equity through a recent funding round, according to a report by Viðskiptablaðið. Both new and existing shareholders decided to participate in the funding round, which was conducted in collaboration with the Icelandic consultancy Arcur. According

Big rounds and big money, but early stage is lacking – The 2020 Funding Report

Big rounds and big money, but early stage is lacking – The 2020 Funding Report

Another year, another funding report, where we highlight investment data, discuss and (try to) analyse trends as they emerge. As a reminder, here you can find an overview of earlier reports, and for info on methods and data, please see the section at the end of the report. 27 investments