Periods count from when the news broke.

• Launch · IS · 04 Sep · —

  Advania

  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 · IS · 03 Sep · —

  Malbikstöðin

  Bergþóra Kristinsdóttir has been appointed as the CEO of Malbikstöðin.

• Launch · IS · 01 Sep · —

  Eignaskanna

  Eignaskanna, an Icelandic technology solution, was officially launched to assess property values using artificial intelligence.

• Launch · IS · 01 Sep · —

  Solid Clouds

  Solid Clouds is preparing to release an additional package for the game called Alliance Wars.

• Funding · IS · 01 Sep · EUR 2.1M

  Solid Clouds

  Solid Clouds raised 300 million ISK in new equity in 2025.

• Launch · IS · 01 Sep · —

  Unbroken

  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 · IS · 31 Aug · —

  Soft Drink Company ehf

  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 · IS · 31 Aug · —

  Hoobla

  Þórdís Pétursdóttir has joined Hoobla as a programmer.

• Launch · IS · 31 Aug · —

  Sóley

  Sóley is a new plugin that connects directly to travel service booking systems, allowing users to receive accurate information and make bookings without intermediaries.

• Launch · IS · 24 Aug · —

  SideWind

  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.

• Exit · IS · 28 Aug · —

  Orbital ehf.

  Orbital ehf. has signed an agreement to purchase all shares in Alvogen ehf., a pharmaceutical wholesaler operating in the Icelandic market.

• Launch · IS · 27 Aug · —

  Eldi

  Eldi, the company established within the Hampiðjan group at the beginning of the year to serve the fish farming market, has exceeded expectations.

• Hire · IS · 26 Aug · —

  Corus

  Brynjar Már has been appointed as the Human Resources Manager at Corus, bringing extensive experience in HR and product development.

• Hire · IS · 25 Aug · —

  Travel Connect

  Álfheiður Ágústsdóttir has been appointed Deputy CEO of Travel Connect, strengthening the management team for the company's growth phase.

• Launch · IS · 21 Aug · EUR 128.2M

  Alvotech

  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 · IS · 20 Aug · —

  KAPP

  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 · IS · 19 Aug · EUR 400K

  SnerpaPower

  SnerpaPower received a 0.4 million euro Voxtur grant from the Icelandic Technology Development Fund alongside its seed round.

• Funding · IS · 19 Aug · EUR 3.0M

  SnerpaPower

  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 · IS · 18 Aug · —

  Fenris Creations

  Áslaug Arna Sigurbjörnsdóttir has joined Fenris Creations and will lead a new artificial intelligence project at the company.

• Launch · IS · 17 Aug · —

  Gatula ehf.

  Gatula ehf. has launched Gatula Connect, a new digital platform that utilizes artificial intelligence to simplify the search for services.