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Mergers, Listings & Acquisitions

NSA and Kría to be merged

NSA and Kría to be merged

Áslaug Arna Sigurbjörnsdóttir, Minister of Higher Education, Science and Innovation, published plans to merge Nýsköpunarsjóður atvinnulífsins (NSA or The New Business Venture Funds) and Kría (Iceland Venture Initiative). While NSA invests in startups, Kría invests in VC funds operating in Iceland. Addressing the new initiative, Áslaug

Sidekick Health acquires aidhere to add regulated Prescription Digital Therapeutics to its portfolio

Sidekick Health acquires aidhere to add regulated Prescription Digital Therapeutics to its portfolio

Sidekick Health, a global leader in digital health, is acquiring aidhere, the German developer of prescription digital therapeutics (PDT). The move will expand Sidekick Health's offerings by expanding into the direct prescribing space working collaboratively with healthcare providers. By integrating aidhere’s expertise and products into its portfolio, Sidekick Health

Natural health companies Florealis and SagaNatura merge

Natural health companies Florealis and SagaNatura merge

Icelandic herbal medicine company, Florealis, will merge with SagaNatura, a biotech company making health products from plants, which will allow for expansion and growth in international markets. Florealis has raised several rounds of funding, including $3.8M in investment from NSA Ventures and a fundraising campaign through Funderbeam. “My opinion

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

Kerecis becomes Iceland's first Unicorn after being acquired by Coloplast for up to $1.3 billion

Kerecis becomes Iceland's first Unicorn after being acquired by Coloplast for up to $1.3 billion

Kerecis has signed an agreement with Coloplast, the Danish medical device manufacturer, to be acquired for up to $1.3 billion, making them Iceland’s first Unicorn company. In today’s Kerecis business meeting, which took place in Ísafjörður where they have a manufacturing facility, Fertram Sigurjónsson, founder and CEO

Oculis listed on Nasdaq in New York, a first for an Icelandic VC portfolio company

Oculis listed on Nasdaq in New York, a first for an Icelandic VC portfolio company

Last week, Oculis, the Iceland-founded biopharmaceutical company headquartered in Switzerland was officially listed on the Nasdaq stock exchange in New York. Oculis’ shares have now started trading there under the ticker OCS. This makes Oculis the first Icelandic VC portfolio company to go public. Both Klappir and Solid Clouds were