31. October 2018

GRID closes $1M angel round

GRID, the software company here to “Free the Spreadsheet,” closed a $1M angel round of funding this Monday. A Software-as-a-Service (SaaS) startup, GRID’s user-friendly software empowers people to turn any spreadsheet into a beautiful web report, dashboard or interactive application.

Investors worldwide participated in the round, both institutions and private individuals from the United States, Europe and Iceland. GRID’s angel investors include: Denmark’s Futuristic.vc angel fund; Iceland’s Brunnur Ventures venture capital fund; Ari Helgason, London-based principal at Index Ventures; Iceland’s early-stage investor Investa; Anthony Deighton, CMO of Celonis and former CTO of Qlik; Kristín Pétursdóttir, Chair at Kvika bank; and America’s 1/0 Capital investment fund.

“We are thrilled that the international investment community joins us in our enthusiastic mission. Tremendously humbled and grateful, we look forward to partnering with these investors to expand GRID’s network and strength,” said Hjalmar Gislason, founder and CEO of GRID. “This funding will give us the runway we need to build the initial commercial version of the GRID product and fuel our go-to-market initiatives.”

GRID’s founding team includes both repeat team members and Silicon Valley expertise, bringing together the strength of legacy teamwork with U.S.-based go-to-market experience. The founding team consists of: Hjalmar Gislason CEO and founder; Laura Edwards, VP of Revenue; Thorsteinn Yngvi Gudmundsson, VP of Operations; Borgar Thorsteinsson, lead client developer; and Steinn Eldjarn Sigurdarson lead cloud and server developer.

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