Plain Vanilla Corp., the Reykjavik, Iceland-based mobile gaming developer behind QuizUp, raised up to $7.5m in promissory notes convertible into a minority equity stake from Glu Mobile Inc. (NASDAQ:GLUU), a global developer and publisher of free-to-play games for smartphone and tablet devices. Launched in November 2013, QuizUp currently has more than 40 million registered users […]

Verne Global, a London, UK-based developer of energy efficient data centers, secured US$98m of equity funding. The round was led by Stefnir, an Icelandic asset management and private equity firm, with participation from existing investors the Wellcome Trust, Novator Partners and General Catalyst. The company intends to use the funds to further expand its wholesale and […]

Kerecis Limited, an Iceland-based tissue-regeneration company, secured US$2m in Series A3 funding. Backers included NSA Ventures, Omega3 ehf, an investment fund affiliated with London-based Novator; Capital ehf; 1924 ehf; Skógur ehf; Klofningur ehf; and Hradfrystihusid-Gunnvor hf. Led by Gudmundur Fertram Sigurjonsson, CEO, President and Chairman, Kerecis is developing technologies for repairing damaged tissue in vivo, […]

Plain Vanilla Games, the San Francisco, CA- and Reykjavik, Iceland-based creator of the iPhone game QuizUp, raised $22m in funding. Backers included existing investors Tencent Holdings and Sequoia Capital. The company, which has now raised more than $27m, intends to use the funds for continued growth and expansion. Led by Thor Fridriksson, founder and CEO, […]