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The bill on Kría, the Icelandic Venture Initiative, opened for feedback

The bill on Kría, the Icelandic Venture Initiative, opened for feedback

Note: Kiddi has been consulting with the ministry on this topic and others, related to innovation policy. This morning, the Ministry for Industries and Innovation, submitted the bill that will create Kría, to public consultation. The bill creates a new entity – Kría – which will invest in venture capital funds that

Mainframe Industries raise €7.6m from a16z, Riot Games and more

Mainframe Industries raise €7.6m from a16z, Riot Games and more

Mainframe Industries, a pan-Nordic MMO studio formed in April 2019 to develop cloud-native games, announced today a $8.2M (€7.6) Series A round led by Andreessen Horowitz (a16z) with additional investment from Riot Games. Existing investors Maki.vc, Play Ventures, Sisu Game Ventures, and Crowberry Capital all joined the

Sensivo offers free access to its clinical research data management platform to anyone working on Covid-19 related research

Sensivo offers free access to its clinical research data management platform to anyone working on Covid-19 related research

The Stockholm based Icelandic/Swedish startup Sensivo, will now offer free access to its clinical research data management platform to anyone working on Covid-19 related research. “In light of the ongoing global challenge posed by Covid-19, we wanted to contribute to the efforts by researchers worldwide tackling this issue, by

Introducing an action plan on public innovation

Introducing an action plan on public innovation

An action plan on public innovation was introduced last week. The plan is based on the innovation policy for Iceland as well as the government’s policy on increasing the use of innovative solutions in the public sector. “We create many opportunities by increasing the weight of innovation in the

Gísli Herjólfsson

Controlant raises $10m equivalent in convertible bonds

Controlant, which offers IT supply chain solutions and services, primarily for the pharmaceutical industry, just closed a private placement of convertible bonds, amounting to 1,250m ISK, equivalent to approximately $10m. Arion Bank Corporate Finance managed the placement. Current shareholders subscribed for approximately 40% of the offering. The bonds are

Dating app The One raises $210k angel round

Dating app The One raises $210k angel round

The One, a dating app emphasising on its users getting to know each other, has closed $210k (27m ISK) funding. This is the second fundraising of the startup in a short time as they raised $118k (15m ISK) six months ago. The One was launched six months ago and has

A new overview report of the Fintech ecosystem in Iceland

A new overview report of the Fintech ecosystem in Iceland

The Icelandic Fintech Cluster and SFF, the Icelandic Financial Services Association, have published a report, written by Northstack, on the Fintech ecosystem in Iceland, creating a comprehensive overview and interesting discussion on the Icelandic Fintech ecosystem. The report includes a map of the current members of the Fintech cluster and