Launch · 04 Sep · —
Advania has launched Advania ALT, a new solution designed to enable businesses and institutions to utilize leading artificial intelligence models in a secure and responsible manner.
Hire · 03 Sep · —
Bergþóra Kristinsdóttir has been appointed as the CEO of Malbikstöðin.
Launch · 01 Sep · —
Eignaskanna, an Icelandic technology solution, was officially launched to assess property values using artificial intelligence.
Launch · 01 Sep · —
Solid Clouds is preparing to release an additional package for the game called Alliance Wars.
Funding · 01 Sep · EUR 2.1M
Solid Clouds raised 300 million ISK in new equity in 2025.
Launch · 01 Sep · —
Unbroken is set to launch a new powder form of its nutritional supplement in the United States and Europe, aimed at improving nutrient absorption for patients and athletes.
Launch · 31 Aug · —
The Soft Drink Company launched a new soft drink production line for Klaki in Hafnarfjörður, marking the first new factory of this scale in over 20 years.
Hire · 31 Aug · —
Þórdís Pétursdóttir has joined Hoobla as a programmer.
Launch · 31 Aug · —
Sóley is a new plugin that connects directly to travel service booking systems, allowing users to receive accurate information and make bookings without intermediaries.
Exit · 28 Aug · —
Orbital ehf. has signed an agreement to purchase all shares in Alvogen ehf., a pharmaceutical wholesaler operating in the Icelandic market.
Launch · 27 Aug · —
Eldi, the company established within the Hampiðjan group at the beginning of the year to serve the fish farming market, has exceeded expectations.
Hire · 26 Aug · —
Brynjar Már has been appointed as the Human Resources Manager at Corus, bringing extensive experience in HR and product development.
Hire · 25 Aug · —
Álfheiður Ágústsdóttir has been appointed Deputy CEO of Travel Connect, strengthening the management team for the company's growth phase.
Launch · 24 Aug · —
SideWind has launched its wind turbine technology on the container ship Helgafell, marking the start of sea trials for an integrated wind and solar energy system.
Launch · 21 Aug · EUR 128.2M
Alvotech has entered a partnership with Lotus Pharmaceutical to market two biosimilars in the U.S. and Asia, potentially generating up to $150 million in licensing revenue.
Launch · 20 Aug · —
KAPP has signed a contract to provide a complete processing line for Golden Atlantic's crab processing, demonstrating their capabilities in seafood processing and automation.
Funding · 19 Aug · EUR 400K
SnerpaPower received a 0.4 million euro Voxtur grant from the Icelandic Technology Development Fund alongside its seed round.
Funding · 19 Aug · EUR 3.0M
SnerpaPower raised 3.0 million euros in seed funding led by Encevo, with Crowberry Capital and BackingMinds returning, to accelerate its European expansion. A 0.4 million euro Voxtur grant from the Icelandic Technology Development Fund came alongside.
Hire · 18 Aug · —
Áslaug Arna Sigurbjörnsdóttir has joined Fenris Creations and will lead a new artificial intelligence project at the company.
Launch · 17 Aug · —
Gatula ehf. has launched Gatula Connect, a new digital platform that utilizes artificial intelligence to simplify the search for services.
Launch · 13 Aug · —
Óskaskrín has launched a new digital gift card solution that combines a wide variety of stores and service providers into a single gift card.
Launch · 12 Aug · —
Lauf Cycles is planning to expand its product line and open sales in Europe, including a potential marketing campaign to sponsor a women's team in the Tour de France.
Launch · 11 Aug · —
Gengill signed a contract with Daga for the implementation of automatic cleaning robots in their operations.
Exit · 10 Aug · EUR 3.3M
Oculis acquires rights to Privosegtor from Accure Therapeutics for $3.8 million and shares.
Hire · 09 Aug · —
Guðmundur Árni Ólafsson is the Operations Manager and one of the founders of GreenKey, a company specializing in operational services for hotels and accommodations.
Exit · 07 Aug · —
Happy Hydrate has been acquired by a group of investors due to significant debts.
Hire · 07 Aug · —
Áslaug Arna Sigurbjörnsdóttir has been hired as Senior Director of AI Partner Program at Fenris Creation, where she will lead a new project in artificial intelligence.
Hire · 07 Aug · —
Jónsbók has hired eight new lawyers for its sales team from Croatia, Finland, and Poland, including regional directors in various Polish cities.
Launch · 04 Aug · —
GreenKey specializes in operational services for hotels and accommodations, focusing on optimizing daily operations and developing technological solutions.
Funding · 21 Jul · —
Sowilo raised pre-seed funding to expand its AI-powered fashion product intelligence platform, Catecut, and support the global launch of its Shopify app.
Launch · 21 Jul · —
Sowilo launched its Shopify app for the Catecut platform, enabling global access for online retailers.
Exit · 18 Jul · —
Happy Hydrate has been sold to a group of investors for 300 million krónur.
Launch · 14 Jul · —
Hopp launched a new version of its app, enhancing user experience with features for easier ride booking and tracking.
Launch · 08 Jul · —
Meniga has launched Fini, a financial intelligence layer for banking AI assistants, enabling personalized financial interactions.
Hire · 07 Jul · —
Hugrún Helga Stefánsdóttir has been appointed as the new Marketing Manager for Defend Iceland, focusing on enhancing the company's marketing strategy.
Launch · 03 Jul · —
Launch of 'Icebreaker', a digital travel app for tourists in Iceland.
Launch · 14 Mar · —
HILDA is a digital solution that helps parents prepare for doctor’s appointments for their children by mapping the child’s issues and answering key questions in advance.
Funding · 26 Feb · EUR 18.0M
Reykjavik Geothermal raised EUR 18.0M in Series B, led by Innviðir fjárfestingar II.
Launch · 06 Aug · —
Prescriby is working to open a specialized tapering clinic in the United States, expanding its digital health solutions for medication tapering.
Funding · 03 Jul · —
Received a market development grant for business development for forest measurement software.
Funding · 03 Jul · —
Received a seed grant for developing an AI solution for the tourism industry.
Funding · 03 Jul · —
Received a grant for further development of its AI-based solution for drug marketing authorization.
Funding · 03 Jul · —
Received a grant for its project on Circular Economy Sharing Systems.
Funding · 03 Jul · —
Received a grant for research and development on the utilization of textile waste and wool in Iceland.
Funding · 03 Jul · —
Received a grant for market entry to increase visibility in the film industry.
Funding · 03 Jul · —
Received a grant to develop Vistbók, a smart database service for the environmental impact of building materials.
Funding · 03 Jul · —
Received a seed grant for developing solutions to extend independent living for the elderly.
Launch · 12 Jul · —
TAPP is a comprehensive platform for the gig economy, simplifying project management and financial oversight.
Launch · 12 Jul · —
Thorexa designs software that simplifies email responses with the help of artificial intelligence.
Launch · 12 Jul · —
FairGame is software for children's and youth sports tournaments, putting the experience of children first.
Launch · 12 Jul · —
Massif Network aims to become the ultimate destination for producers and creative professionals to discover, research, and organize shoots at remote locations.
Launch · 12 Jul · —
VibEvent unites all participants in music events on a community-driven platform that connects musicians, audiences, and organizers.
Launch · 12 Jul · —
Neurotic makes data management simple and enjoyable with a user-friendly platform.
Launch · 12 Jul · —
Medvit Health creates expert medical systems that support healthcare workers in the diagnostic process and patient treatment.
Launch · 12 Jul · —
JarðarGreining specializes in developing ground-penetrating radar (GPR) devices that use electromagnetic waves to obtain information and internal properties of the top meters of the earth without disturbing the surface.
Launch · 12 Jul · —
The Gyna-app is a comprehensive app tailored to women's health, helping women keep track of health factors.
Launch · 12 Jul · —
GrowthApp is the simplest and most complete growth platform for startups on the market today.
Funding · 27 Apr · EUR 2.0M
Prescriby has secured $2.1 million in a funding round led by Crowberry Capital to scale its digital treatment plan software aimed at preventing medication addiction.
Launch · 11 Apr · —
Knittable has been selected as Iceland's entry in the Creative Business Cup 2024, winning the preliminary competition.
Launch · 18 Mar · —
Flöff aims to establish the first textile recycling facility in Iceland to create new values from unusable textiles.
Launch · 18 Mar · —
Vistbók collects sustainability information for building materials and presents it in an accessible digital format.
Launch · 18 Mar · —
Velja offers a software solution for clothing rental, contributing to an improved circular economy.
Funding · 29 Dec · EUR 905K
Leviosa has successfully closed a $1 million pre-seed funding round from existing shareholders and over 60 healthcare professionals.
Exit · 15 Dec · —
Exmon Software has been acquired by TimeXtender, enhancing their data management solutions.
Exit · 12 Dec · —
PayAnalytics acquired by beqom on December 12, 2023.
Launch · 28 Nov · —
Keystrike's inaugural product, Sanctum Guard, is slated for a release in early December and is already operational in several enterprises.
Funding · 28 Nov · EUR 913K
Keystrike has successfully secured $1 million in pre-seed funding to bolster its sales and marketing initiatives, particularly focusing on expanding into the United States cybersecurity market.
Launch · 02 Jun · —
ECA secured first place in the Silicon Vikings New Nordics Pitch Competition 2023.
Launch · 20 May · —
Treble Technologies was declared the winner of the New Nordics Pitch Competition held in Iceland.
Funding · 10 May · —
Resea Energy aims to produce biofuels from waste from cultivated seaweed.
Funding · 10 May · —
Orb develops technology to measure carbon sequestration in forests to promote responsible carbon offsetting.
Launch · 04 Apr · —
Massif.network won the preliminary round of the Creative Business Cup and will represent Iceland in the international competition in Copenhagen.
Launch · 17 Mar · —
Bambahús are greenhouses that promote the circular economy by reusing liquid packaging that would otherwise be disposed of.
Launch · 17 Mar · —
Resea Energy aims to produce biofuels from waste from cultivated seaweed.
Launch · 17 Mar · —
Mar Eco focuses on environmentally friendly solutions in the production and use of fishing gear, utilizing recycled plastic waste from the sea.
Launch · 17 Mar · —
Melta offers circular services and produces organic fertilizer from organic waste in rural areas and municipalities.
Launch · 17 Mar · —
The circular library provides communities with fair and affordable access to tools and other items.
Launch · 17 Mar · —
Orb develops technology to measure carbon sequestration in forests to promote responsible carbon offsetting.
Launch · 17 Mar · —
Alor is working on the development and production of environmentally friendly aluminum batteries and energy storage solutions.
Funding · 17 Nov · EUR 727K
Esports Coach Academy raised a 750,000 USD pre-seed round to expand its e-sports coaching software and training programs into the US and Puerto Rico. The round was led by Behold Ventures with participation from Sisu Game Ventures and MGMT Ventures.
Launch · 20 Sep · —
Euneo aims to improve the quality of life for individuals with musculoskeletal issues by providing personalized rehabilitation plans and education.
Launch · 20 Sep · —
Deed is the first consumer-oriented communication platform for package deliveries, allowing consumers to track all their shipments in one place.
Launch · 20 Sep · —
Keeps is a software solution that allows tourism providers to manage all their images in one place and share them on major booking sites.
Launch · 20 Sep · —
Bulby is a software solution based on researched methods to enhance creativity and help people generate more creative ideas.
Launch · 20 Sep · —
FitTales is an app for individuals/groups to plan their exercise in advance and track their exercise history in one place.
Launch · 22 Jul · —
Opus Futura is a web solution that helps investors, companies, and individuals collaborate better in the labor market of the future.
Launch · 22 Jul · —
Mindnes is an automatic time-tracking app that uses AI to classify and record locations.
Launch · 22 Jul · —
Bulby is a software solution based on researched methods to foster creativity and help people get more and more creative ideas to solve various problems.
Launch · 22 Jul · —
Sundra is a software solution that simplifies and automates the creation of marketing material.
Launch · 22 Jul · —
Keeps is a software solution that allows tourism providers to keep all their photos in one place and share them on major booking sites and social media.
Launch · 22 Jul · —
Euneo aims to improve the quality of life for individuals with musculoskeletal problems by providing personalized rehabilitation plans.
Launch · 22 Jul · —
Deed is the first consumer-centric communication platform for package deliveries, allowing consumers to track all their shipments in one place.
Launch · 22 Jul · —
LevelUp makes it easier for people to engage in diverse exercise and hobbies in an accessible way.
Launch · 22 Jul · —
FitTales is an app for individuals and groups who want to plan their exercise in advance and have all their exercise history in one place.
Launch · 22 Jul · —
NúnaTrix specializes in creating educational computer games within the healthcare sector.
Launch · 17 Nov · —
Sifmar produces Krakkakropp, a healthy Icelandic baby food that aims to reduce food waste.
Launch · 17 Nov · —
MAR crisps are thin dried fish flakes, a new product in the domestic market.
Launch · 17 Nov · —
Jökla, the first Icelandic cream liqueur, launched this year and has been very successful.