Latest

Eyrir Sprotar has closed its fund on $27 million (3.5bn ISK)

Last November, Eyrir Sprotar closed its fund with a final size of $27 million (3.5 bn ISK), Norðurskautið has learned. The fund had previously announced in February 2015 raising around $19 million (2.5 bn ISK) but foresaw increasing the size of the fund. The fund has a four

Frumtak 2 – one year later: $10.85 million in six investments

Roughly one year ago, GP’s at Frumtak announced the closing of their second fund, Frumtak 2. The fund is a 5 billion ISK ($38.5 million) fund focused on investing in companies that are past their seed stage and show promise of growth and expansion. For more info about

Stripe Atlas is Huge, and Even More So for Iceland

This week was the week of Stripe Atlas, the new service offered by payment company Stripe that allows companies all over the world to (1) incorporate a Delaware C-Corp, (2) open a U.S. bank account with the Silicon Valley Bank and (3) immediately start using Stripe for payment processing.

Biotech Startup Key Natura Secures $2.4m Funding

Biotech startup KeyNature has closed a $2.4m financing round. The round is fully financed by Eyrir Sprotar. The company produces astaxanthin, an antioxidant dietary supplement. According to the company’s website the company is a vertically integrated biotech company that focuses on consumer health products from microalgae. This was

CCP's EVE: Gunjack Bundled With Samsung Gear VR

Preorders of Samsung S7, which will include the Samsung Gear VR headset, will be bundled with CCP’s VR shooter EVE: Gunjack. This is revealed on Oculus’s blog. With the Samsung S7 and Gear headset, US customers will be given a $50 worth of apps. In one of the

Nominations are open for the Nordic Startup Awards

Who are the startup heroes this year? The nominations for the regional finals of Nordic Startup Awards are open. Do you know what the Nordic Startup Awards are? Nordic Startup Awards is a series of events in the Nordic countries, connecting and paying tribute to the Nordic startup ecosystem. The

Sling signs $2.5 million licensing deal

Icelandic startup Sling, the maker of non-desk communication software by the same name, signed a $2.5 million licensing deal with an undisclosed American company. “The sale is an acknowledgement of our development and the need for a mobile-first solution for businesses where the staff work in shifts,” says CEO