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SNERPA Power raises $2.4M in a round co-led by Crowberry Capital and BackingMinds

SNERPA Power raises $2.4M in a round co-led by Crowberry Capital and BackingMinds

SNERPA Power, the Icelandic startup founded in 2022 that uses real-time data to balance the energy grid and lower CO2 emissions, raised an oversubscribed first round of funding, co-led by VCs, Crowberry Capital and BackingMinds. The investment will be used for international expansion and further product development. SNERPA Power’s

Laki Power secures a $3M financing round led by Eyrir Vöxtur

Laki Power secures a $3M financing round led by Eyrir Vöxtur

Laki Power, which develops and produces surveillance stations to monitor the status of high-voltage lines, recently secured $3 million in financing. Eyrir Vöxtur led the funding round along with Brunnur Ventures and their current shareholders. The round of funding will support product development, additions to the current team, and continued

Andri Heiðar Kristinsson joins Frumtak Ventures as partner

Andri Heiðar Kristinsson joins Frumtak Ventures as partner

Andri Heiðar Kristinsson is joining Frumtak Ventures as partner and investment manager where he will play a key role in leading Frumtak‘s new investments as well as supporting the existing portfolio along with current partners. This was announced in a press release by Frumtak earlier today. Frumtak is a

Payday acquired by European software company Visma

Payday acquired by European software company Visma

Payday, the Icelandic cloud accounting and payroll software company was acquired by Visma, a European software provider. The acquisition is Visma’s first market entry in Iceland, having already established themselves in the Nordic region. Their ambition is to establish Payday as the leading player in the Icelandic market. Payday

Nordic Ignite invests in four early-stage Nordic startups

Nordic Ignite invests in four early-stage Nordic startups

Nordic Ignite, an angel investment firm that focuses on providing early-stage capital to startups has invested in four Nordic startups this year. One of their investments, Keeps, is an Icelandic travel software company. The firm, whose co-founders include Ragnheiður H. Magnúsdóttir, Sigurjón Magnússon, and Ágústa Ýr Þorbergsdóttir, focuses on pre-seed

Transition, a new climate-focused venture capital firm launches

Transition, a new climate-focused venture capital firm launches

Transition, a new climate tech venture capital firm that focuses on Seed and Series A startups recently launched, as reported by Bloomberg. Climate investor and Icelandic entrepreneur, David Helgason, is a general partner in the new venture, which has already invested in nine companies including ocean carbon removal startup Running

Keystrike secures pre-seed funding from Philippe Langlois, cybersecurity entrepreneur

Keystrike secures pre-seed funding from Philippe Langlois, cybersecurity entrepreneur

The Icelandic cybersecurity startup Keystrike has secured funding from Philippe Langlois, founder of cybersecurity company Qualys (QLYS) which is currently valued at over $4 billion. Keystrike’s technology was invented by Ymir Vigfusson, Associate Professor at Emory University, to rethink multi-factor authentication. “Keystrike seals off the path that is commonly