The Icelandic digital supply chain visibility provider Controlant plans to issue new shares in Q1 as reported by Fréttablaðið. The amount of capital the company hopes to raise has not been decided. This funding will play a vital role in Controlant’s future expansion, the company is on the verge
Icelandic provider of real timedigital supply chain solutions Controlant just announced it had acquired BI Manager and its product business units from Icelandic business intelligence solution provider Intenta. Financial terms will remain undisclosed. As part of the transaction, CTO and co-founder of Intenta Bjarki Elías Kristjánsson joins Controlant as VP
Frumtak 1, one of the funds under management by Frumtak Ventures, has sold its 11.33% stake in Controlant for around $14.5m (a little under 2000m ISK, the exact amount is undisclosed), to a group of Controlant’s current investors led by Investco ehf. The transaction values the company
Last week, digital supply chain visibility provider Controlan, received the 2020 Icelandic Innovation Award. The award, which was first granted in 1994, is presented annually by government institutions related to innovation – Icelandic Center of Research, Promote Iceland, Innovation Center Iceland, and the New Business Venture Fund. The company, which recently
Controlant, maker of digital supply chain visibility solutions, today announced it has raised $15m in Series B funding. Participating in the round were current shareholders, local institutions like insurance companies Sjóvá and VÍS, as well as private investors and family offices. The placement was managed by Arion Bank Corporate Finance.
Last autumn, Controlant, a company focusing on the temperature-controlled supply chain, raised $7.7m (960 m. ISK). The investors were primarily HNWI and family offices, both local and foreign. Controlant’s mission is to ensure consumer safety and decrease waste by digitally connecting the end-to-end supply chain. The last two