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Tyme Wear raises approx. $1.4m (200m ISK) from the New Business Venture Fund

Tyme Wear raises approx. $1.4m (200m ISK) from the New Business Venture Fund

Tyme Wear has secured approximately 200 million ISK (~$1.4m) in funding led by the New Business Venture Fund. Tyme Wear is an Icelandic and US-based startup developing a wearable fitness technology that helps athletes personalize their training by accurately measuring their fitness thresholds from their breathing. “This funding will

Kerecis partners with National Hospital of Iceland to evaluate effectiveness of Kerecis products on COVID-19 patients

Kerecis partners with National Hospital of Iceland to evaluate effectiveness of Kerecis products on COVID-19 patients

Kerecis and the National Hospital of Iceland are conducting a randomized, controlled, double-blind clinical study to evaluate the effectiveness of the Kerecis Omega3 Viruxide system on COVID-19 patients. The trial follows successful off-label use on Italian patients with COVID-19 symptoms. Omega3 Viruxide is a virucidal and bactericidal system used in

Responsible Foods secures seed funding

Responsible Foods secures seed funding

Responsible Foods, an Icelandic healthy snack company founded in 2019, just finalized their first round of funding. The amount remains undisclosed but is described as between 100 and 200 million ISK ($700k-$1.4m) in a statement. The company received assistance from Spakur Finance in the funding process. The investors

"Banks as big, one-stop-shops are, in our view, on their way out" - An interview with indó cofounder Haukur Skúlason

"Banks as big, one-stop-shops are, in our view, on their way out" - An interview with indó cofounder Haukur Skúlason

This week, challenger bank indó announced €1m in funding. Following that announcement, Northstack interviewed Haukur Skúlason, cofounder of indó, on the opportunity. This was originally a part of the Memo, our newsletter with deep dives and commentary into the ecosystem. Our questions are in bold, answers in italic. A new

Health food startup Good Good raises $3m in funding

Health food startup Good Good raises $3m in funding

The Icelandic health-food startup Good Good just announced having raised $3m (400m ISK) funding, with the assistance of Arcur Finance. The funding will be used to strengthen its marketing position in the US. “The funding will be used to support Good Good’s growth in the US. Many opportunities are

HousingAnywhere acquires Rentmate, the largest medium-term rental platform in Iceland

HousingAnywhere acquires Rentmate, the largest medium-term rental platform in Iceland

HousingAnywhere recently announced its acquisition of the Icelandic rental platform Rentmate. “The acquisition is a further step in reaching the goal of becoming the largest end-to-end online rental platform in Europe by 2022,” says in a statement from Housing Anywhere. “At HousingAnywhere, we are building an integrated rental solution that

Icelandic challenger bank indó raises €1m in seed funding

Icelandic challenger bank indó raises €1m in seed funding

The Icelandic challenger bank indó just announced having raised €1m in seed funding in three rounds, the last one having more than 30% excess demand. Investors were mainly angel investors and private individuals that share the company’s vision to change how banking is done. “We saw an opportunity to