Northstack

Prescriby, the Canadian-Icelandic company of digital treatment plan software that prevents medication addiction, has secured $2 million in a funding round led by Crowberry Capital with participation from investors from Canada, Denmark, and Iceland. “Prescriby is tackling a very serious problem that has big consequences for many. What got us interested is the proactive approach the solution has to offer where it can prevent addiction from developing in the first place. Most of the competitors ar

Better late than never! Our funding analysis for 2023 is out now. 📉 As expected with a global downturn, Iceland's data tells a similar story. Fewer deals and less money. 💰 Even though the number of deals dropped heavily, the total amount raised remained within the bounds of the last 4 years - suggesting a shift in the ecosystem. 👨👩👧👦 Mixed and female only teams receive a bigger share of the deals than before, but that's mostly driven by a huge drop in male-only teams getting funding.

After an absolutely booming 2022, it's clear that the global venture slowdown hit Iceland, too. A big drop in deals compared to the previous five years, and although amounts dropped too, it's not as bad. Foreign participation remained incredibly strong, and — from a number of deals perspective — gender numbers looked better than before. With 21 deals recorded, the number of deals we track is back to five years ago, after staying at or above 25 since 2019. This is not surprising, given the drop

Activity Stream, a software solution for the live entertainment industry, recently closed a $13.5 million funding round co-led by Eyrir Ventures and Frumtak Ventures with contributions from the Shubert Organization and the Export and Investment Fund of Denmark. The funding will be used by Activity Stream to broaden its impact across the US, Europe, and the UK and to complete the refinancing of recent acquisitions. CEO Einar Saevarsson said, “Securing this funding in a challenging market is a st

Icelandic healthtech startup Leviosa just closed a $1M pre-seed funding round. The capital is committed from existing shareholders, who are all angel investors, and adding over 60 healthcare professionals, the majority of whom are practicing physicians from Iceland and elsewhere. Founded in 2019, Leviosa focuses on developing cutting-edge healthtech solutions aimed at significantly reducing documentation time and administrative burdens for healthcare professionals. As previously reported, Levio