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about research & reports book club coming to iceland? the memo tech & startup jobs in iceland about research & reports book club coming to iceland? the memo tech & startup jobs in iceland reinvent the pen: how an icelandic startup is tackling diabetes by gabriel dunsmith on august 29, 2018 in articles one day while visiting his father, sigurjón lýðsson realized a gaping hole in the medical treatment of diabetics: there was no straightforward way to monitor injections of insulin. insulin pumps were too expensive—and though insulin pens might abound, patients could easily lose track of measurements and dosage. for sigurjón, the issue is personal. his father, who has type 1 diabetes, relies on daily insulin injections to stay alive. and in 2010, when his father was also diagnosed with cancer, a brain tumor began to affect his short-term memory. thus the scene unfolded: while the two chatted over coffee, his father checked his glucose and injected himself with insulin. moments later, he turned to sigurjón and asked, “did i inject?” sigurjón realized that, if he hadn’t been around, his father could have gotten himself into trouble: severe overdoses of insulin can cause seizures, loss of consciousness, comas and even death. thinking that there must be an easy fix, he began to hunt for a device that could help his father keep track of his injections. “sadly,” says sigurjón, “nobody has that yet.” undaunted, sigurjón pressed on. his zeal for a solution led him to cofound the startup medilync in 2012. after years of market research, the company has designed an app that utilizes computer vision and artificial intelligence to read usage on insulin pens and glucose meters, then readily tells patients when they’re due for another dose. at the moment, those with diabetes still have to write down their entire regimen. “it’s 2018,” says sigurjón. “i’m like, ‘why?’ it’s baffling that my dad’s insulin dosage and glucose readings are still scrawled on a piece of paper.” so far, the company has netted a technology research grant from the icelandic centre for research as well as a european commission grant. a connection with technology titan microsoft has proved particularly fruitful: medilync is part of the corporation’s iot & ai insider labs . microsoft’s iceland office also named medilync its “startup of the year” in 2017. medilync plans to debut its app within the next few weeks. getting investors, however, has proven to be a struggle. multiple factors could be at play—not only iceland’s relatively small size on the global business stage, but also an ongoing stigma around diabetes. all too often, patients are blamed for a disease they did nothing to cause. and medilync sees its own goals as providing a fundamental service, not churning a profit. “everybody that you talk to—other than investors—they get it,” says sigurjón, noting that most people are enthusiastic about a company that’s trying to help patients navigate the intricacies of a complex illness. “we need an investor who knows what this is about and understands what we are trying to fix. perhaps we just haven’t been introduced to the right one yet.” in the meantime, the company plans to take its show on the road: in september, it will partake in the uk health show, a london-based event that brings together a multiplicity of groups around the world working to interweave technology and personal care. medilync is also developing its own hardware—an all-in-one insulin pen with ai and computer vision—for markets with little smartphone adoption. for example, an estimated 82 million people have diabetes in southeast asia alone. for sigurjón, his dream is taking flight. he sees a streamlined, user-friendly insulin tool as just as necessary in 2018 as it was on that day with his father in 2010. he often keeps in mind the story of a microsoft employee who, won over by medilync’s vision, began volunteering his time and resources to help the small icelandic startup. when sigurjón asked why, he said, “it’s really simple: i want to use my spare time to create something that helps people live better lives.” already surpassing 2017: the iceland h1 2018 funding analysis by kris hróbjartsson on august 21, 2018 in articles published a little late, this report looks at funding activity for startups and tech companies in iceland in the first half of 2018, jan 1 through june 30. the year started with a bang with three notable investments announced in the first ten days of 2018. we’ve tracked one monster round ($75m+): a $150m round in arctic green energy which we omit in some charts as an outlier, to get better information from the data (it’s noted where we skip it). more cash flowing we’ve already surpassed 2017 in total amount invested ( not counting monster rounds, we had the $240m wuxi round last year ) and in fact, reached that milestone in april. the first half of the year saw $48.9m invested in 11 companies (or $198.9m invested in 12), which will grow even more with investments from later in the year – 2018 is poised to be a great year in icelandic venture investments, possibly overtaking 2016. note: chart does not include rounds bigger than $75m even including big rounds, the outlook for the year is healthy. overall, we recorded 12 investments in the first half: five in the first quarter and seven in the second, on par with the last couple of years. skewed toward later rounds last year the investments skewed heavily towards smaller, early stage investments (<$2.5m). this time around, most investments are bigger, and most of the companies raising have raised before, suggesting a good increase in follow-on rounds. in fact, of the investments we tracked, only two, kúla3d and kara connect, didn’t have a previous round in our database. money is flowing in last year, most of the investments were from local investors. the first half of 2018, more than half of the funding rounds were funded partially or completely by foreign investors, and 83% of the capital came from outside of iceland (not including the arctic green energy investment). pharma and gaming receive the majority of funding it’s usually not worth it to break out specific industries, as the investments are usually too few for any interesting information to emerge. this time around, however, it’s good to point out two industries: pharmaceuticals and gaming. pharmaceuticals: three investments totalling $27.1m, all into companies that have previously received investment. gaming: two investments totalling $10m, both companies previously received investments. together, those industries received $37.1m, or 75% of the funding (not including the age round) connecting that to the bigger picture, where iceland has big multinational success stories in both pharma and gaming, suggests that although neither is big enough to warrant its own breakout in icelandic economic measurements, maybe we have industry seedlings in those two. exits the only recorded exit was bókun’s sale to tripadvisor . the amount for the sale hasn’t been disclosed (i’ve dug through sec filings, with no luck (yet)). bókun is apparently doubling down on operations in iceland, and recently sent out ads to hire 30 people in the city. end note: local vc is changing in the first half of the year, the local vc funds (frumtak i & ii, eyrir sprotar, brunnur ventures, crowberry capital, and the government run nsa ventures) only participated in three rounds, in both cases as lead investors. brunnur did a follow on, and frumtak and eyrir sprotar were completely silent (as expected, neither are really doing fresh investments at the moment). nsa ventures came back from a several year hiatus with a bang, taking part in a $3.8m round in florealis, with fresh capital from the greenqloud sale . similarly, crowberry capital has started to make regular investments, leaving three generally active funds (brunnur, crowberry, nsa ventures). tempo to sell 30% to hpe growth capital at $62.5 million valuati

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gov.uk

Whois Information

Whois is a protocol that is access to registering information. You can reach when the website was registered, when it will be expire, what is contact details of the site with the following informations. In a nutshell, it includes these informations;

% This is the ISNIC Whois server.
%
% Rights restricted by copyright.
% See https://www.isnic.is/en/about/copyright

domain: nordurskautid.is
registrant: NE2083-IS
admin-c: KAH3-IS
tech-c: KAH3-IS
zone-c: LL31-IS
billing-c: NE2083-IS
nserver: ns1.linode.com
nserver: ns2.linode.com
nserver: ns3.linode.com
nserver: ns4.linode.com
dnssec: unsigned delegation
created: May 7 2015
expires: May 7 2018
source: ISNIC

role: Northstack ehf.
nic-hdl: NE2083-IS
address: Laugateigi 28
address: IS-105 Reykjavík
phone: +354 8235253
e-mail: [email protected]
created: August 26 2017
source: ISNIC

person: Kristinn Árni Lár Hróbjartsson
nic-hdl: KAH3-IS
address: Laugateigi 28
address: IS-105 Reykjavík
e-mail: [email protected]
created: June 26 2007
source: ISNIC

role: Linode, LLC
nic-hdl: LL31-IS
address: 329 E Jimmie Leeds Road
address: Suite A
address: Galloway, New Jersey 08205
address: US
phone: +1 6095937103
e-mail: [email protected]
created: June 23 2010
source: ISNIC



  REFERRER http://www.isnic.is

  REGISTRAR ISNIC

SERVERS

  SERVER is.whois-servers.net

  ARGS nordurskautid.is

  PORT 43

  TYPE domain

DISCLAIMER
This is the ISNIC Whois server.

Rights restricted by copyright.
See https://www.isnic.is/en/about/copyright

  REGISTERED yes

ADMIN

  NAME Kristinn Árni Lár Hróbjartsson

  HANDLE KAH3-IS

ADDRESS
Laugateigi 28
IS-105 Reykjavík

  EMAIL [email protected]

  CREATED 2007-06-26

  SOURCE ISNIC

TECH

  NAME Kristinn Árni Lár Hróbjartsson

  HANDLE KAH3-IS

ADDRESS
Laugateigi 28
IS-105 Reykjavík

  EMAIL [email protected]

  CREATED 2007-06-26

  SOURCE ISNIC

BILLING

  ROLE Northstack ehf.

  HANDLE NE2083-IS

ADDRESS
Laugateigi 28
IS-105 Reykjavík

  PHONE +354 8235253

  EMAIL [email protected]

  CREATED 2017-08-26

  SOURCE ISNIC

ZONE

  ROLE Linode, LLC

  HANDLE LL31-IS

ADDRESS
329 E Jimmie Leeds Road
Suite A
Galloway, New Jersey 08205
US

  PHONE +1 6095937103

  EMAIL [email protected]

  CREATED 2010-06-23

  SOURCE ISNIC

DOMAIN

  DOMAIN nordurskautid.is

  REGISTRANT NE2083-IS

NSERVER

  NS1.LINODE.COM 162.159.27.72

  NS2.LINODE.COM 162.159.24.39

  NS3.LINODE.COM 162.159.25.129

  NS4.LINODE.COM 162.159.26.99

  DNSSEC unsigned delegation

  CREATED 2015-05-07

  EXPIRES 2018-05-07

  SOURCE ISNIC

  NAME nordurskautid.is

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