DT Equipment secures USDM 1,1 in funding

The industrial technology company DT Equipment has secured its seed funding round of 135 million ISK (USDM 1,1) from Brunnur Ventures. The company participated in Startup Energy Reykjavik 2014. Continue reading

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Growth in Startup Reykjavik applications

The application process for Startup Reykjavik is now over. This year we received 247 applications which is a 76% increase since last year. Continue reading

Kaptio secures 325 ISKM in funding from investors

Kaptio, whose team participated in Startup Reykjavik 2012, has secured 325 ISKM (2.6 USDM) from Frumtak and Capital A Partners. Frumtak and Capital A Partners are new investors, but NSA Ventures and Kaskur, previous investors, also participate in the round. Arion Bank, through Startup Reykjavik Invest, is still a shareholder in Kaptio. Continue reading

Accelerators benefit companies most that have already solved the fit-to-market problem

When encouraging people to apply to an accelerator like Startup Reykjavik to individuals I meet here in Iceland, there are generally speaking two types of dialogues I engage in. First, they are with those who have an idea of a particular business and are ready to make the jump to the real world with it, i.e. start a company around the idea. Second, there are those who have been working on the idea, and either have incorporated or are about to. Continue reading

Startup Reykjavik is an opportunity for FinTech companies

The FinTech wave

FinTech companies, i.e. companies built around financial technology, are being founded around the globe. Only few of them are in Iceland. I can mention Aur, Kass, Netgíró, Invector, Meniga, Kóði, Faktoria as examples in addition to the commercial banks. There are most certainly more local companies. Continue reading

Women are encouraged to apply to Startup Reykjavik

For the fifth year in a row, we at Arion Bank host Startup Reykjavik. For me, spring is an enjoyable time. Reading applications filled with people’s dreams and aspirations, meeting a group of curious teams and subsequently selecting a group of ten exciting companies that will share a “home” during the summer building their businesses. I love my job. Continue reading

Florealis secures its second seed round financing

Florealis, a Startup Reykjavik company from the 2013 cohort, has secured its second round of seed financing of ISK 50 million (USD 395,000). The investor group behind the investment consists of experts from the pharmaceutical industry and angel investors. Previously, Florealis had secured another ISK 50 million in its first seed round.
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