The Nordic region is home to many successful startups, including Spotify, Klarna, and Unity. While Sweden usually gets the spotlight, other countries like Denmark, Finland, Norway, and Iceland also have their fair share of success stories. Iceland, in particular, has a vibrant startup ecosystem, with numerous new companies emerging and an increasing organization to support pre-seed and seed-stage startups. The Icelandic government plays an active role in supporting ecosystem growth through various initiatives, such as state-backed VC fund-of-fund Kría Ventures. Furthermore, Iceland stands as a global leader in renewable energy, with 100% of its electricity grid relying on renewable resources. Lastly, many Icelandic companies are looking to expand internationally, with the US market being a popular destination due to its size and widespread use of English in multiple countries.
https://erikdestefanis.substack.com/p/iceland-the-emerging-tech-ecosystem