tech

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Icelandic Startups & Tech Roundup on May 10

Here are some of the things that have been happening in the Icelandic innovation ecosystem lately. New Frumtak fund Frumtak Ventures is on the verge of closing a new 7 billion ISK (56m$) venture fund. Ásthildur Otharsdóttir, partner and investment manager at Frumtak, spoke to Fréttablaðið about the new fund,

Growing, fast – an overview of the state of Icelandic Tech

In the last five years, turnover in the IT sector in Iceland has grown by a total of 60%, almost double the growth of other parts of the Icelandic economy, which for the same time period was 32%. The IT sector is also steadily growing as part of GDP, where