DTE, developers of next-generation metal production and manufacturing, has successfully closed its Series A2 funding round, raising $10 million. Novelis, Metaplanet, and the European Innovation Council (EIC) Fund, along with existing investors Chrysalix Venture Capital and Brunnur Ventures participated in the round. DTE previously raised a Series A round from
Icelandic game developer Vitar Games has secured $550K in its first round of funding, with Behold Ventures and Brunnur leading the investment. The funding will be used to further develop the company’s debut game, Dig In, which offers a novel approach to reinvigorating the management and strategy genre with
Icelandic travel technology startup, PaxFlow, has secured $2.2M in investment from Brunnur, the Icelandic venture capital firm. The investment will enable PaxFlow to continue the development of its products, and also expand its sales and marketing activities in international markets. Up to eight software experts are soon to be
Glaze, a Reykjavik-based technology startup, today announced it has secured $1.1M in funding from Brunnur, the Icelandic venture capital firm. The funds will be used to accelerate the development of Glaze’s order and pay solutions for the experience economy, enabling businesses to offer frictionless, contactless experiences to customers.
Nanitor, a cybersecurity company, has raised 1.7M funding from Brunnur and other private investors. The new capital will be used to fund further expansion in foreign markets. Nanitor is a cybersecurity management platform that focuses on hardening security fundamentals across IT infrastructure. Their solution actively enforces technical policy based
The Icelandic gaming studio Arctic Theory was founded by gaming veterans Gísli Konráðsson, Matthías Guðmundsson, Snorri Sturluson and Jón Bjarni Bjarnason. The four of them all have connections in some way to CCP Games and EVE Online which connects them. However, individually they also boast impressive resumés, where parts of
Taktikal, a developer of digital trust solutions, announced that Brunnur Ventures invested $2M into the company. Taktikal provides enterprise-grade electronic signature solutions that allow companies to automate and streamline processes that require identification, authentication and authorisation. According to a press release the new funding will accelerate international sales expansion of