Iceland

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, […]

Kerecis Limited, an Isafjordur and Reykjavik, Iceland-based tissue-regeneration company, raised US$1m in Series A2 funding. The financing, comprised of equity and grants, was provided by (undisclosed) existing and new stakeholders. The companyy intends to use the funds to complete the clinical trials required to gain regulatory approval for the wound-treatment indication of MariGen Omega3 in […]

Plain Vanilla Corp., a San Francisco and Reykjavik, Iceland-based developer of a social trivia platform, raised $2.4m in Series A funding. The round, which follows a $1.2m seed funding raised in the summer of 2012, was led by Greycroft Partners, Tencent, IDG ventures and BOLDStart Ventures, with participation from a number of angels and funds […]

Icelandic Water Holdings ehf, makers of Icelandic Glacial, a carbon neutral natural spring water, formally closed a $40 m equity funding from new and existing investors. The funding consisted of the conversion of $28m of existing loans and the infusion of $12m in new capital. As a result of the new funding and recapitalization, the […]

Verne Holdings, ehf,  the Reykjavik, Iceland-based green data center developer and parent company of Verne Global, has signed a definitive agreement to receive an undisclosed equity investment from the Wellcome Trust. With this investment, the Wellcome Trust, a medical research charitable foundation based in London, will become the largest shareholder in the company, joining existing […]

Kerecis Inc., a Reykjavik, Iceland based developer of tissue-regeneration technologies, has successfully closed a seed financing round with the New Business Venture Fund. The fund, an independent investment investor owned by the Icelandic government, will receive 35% of the share capital in Kerecis through the subscription of new shares. The financing, a mixture of equity […]