# GRID: Information technology & services, Reykjavik, Iceland

> GRID: GRID is an Iceland-based company founded in 2018 that specializes in spreadsheet technology. Based in Reykjavik, Iceland. Founded 2018.

Source: https://millionrounds.com/startup/grid-7 (Millionrounds; every figure on the page links to its filing or article)

Iceland · [Information technology & services startup](https://millionrounds.com/companies)

# GRID

GRID is an Iceland-based company founded in 2018 that specializes in spreadsheet technology.

Funding reported Last round: Series A

Information technology & services Reykjavik, Iceland

Company summary

- **Founded:** 2018 8 years old
- **Team:** 14 11 to 50 people
- **Funding reported:** 16.5M as listed, currency not stated
- **Last round:** Series A Aug 2020

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for GRID has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About GRID

GRID is an Iceland-based company founded in 2018 that specializes in spreadsheet technology.

It offers a high-performance, web-based spreadsheet engine that allows software teams to integrate native spreadsheet capabilities into their products. This engine is fully compatible with Excel and Google Sheets, enabling real-time calculations, visualization, and interactivity. The company's flagship product, the Calculator Studio, is a no-code tool that enables users to create interactive calculators and smart web documents from spreadsheets. GRID serves developers, businesses, and everyday users, providing solutions that make complex data models accessible and shareable online. The platform is particularly beneficial for projects that combine AI and spreadsheets, supporting integrations with large language models like ChatGPT. GRID aims to empower users to transform traditional spreadsheets into engaging web content.

## What company datasets say GRID raised

Funding, as reported

Reported in all **16.5M** in the source's currency

Rounds **4**

Last round **Series A**

Last round size **12M**

Last round date **Aug 2020**

Investors listed **14**

## Founders and team

From GRID's own website: 4 founders, 2 on the team.

**Hjálmar Gíslason** Founder & CEO

**Thorsteinn Yngvi Gudmundsson** Co-founder, VP Operations & Finance

**Borgar Þorsteinsson** Co-founder, Engineering

**Steinn Eldjárn Sigurðarson** Co-founder, Engineering

- **Eva Dögg Steingrímsdóttir** VP of Software Development
- **Kristín Pétursdóttir** Chairman of the Board, Consultant

## On a portfolio page

Investors who name them

- [BlueYard Capital](https://millionrounds.com/fund/blueyard-capital)

Each firm lists GRID on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

information technology & services software development

Built with from their website

Docker GitHub Google Workspace CloudFlare Viewport Meta Hubspot Varnish webpack OpenAI Google Meet

+8 more

CloudFlare CDN Priority Hints React Mobile Friendly Vercel Starlight GitHub Pages Open Graph

- **Sector:** Information technology & services
- **Industry code:** NAICS 511210, SIC 7372
- **Revenue:** 1M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/grid-844f325f0b)

## Information technology & services in Iceland

Startups like it

- [**Agentrys** founded 2025 *Raised*](https://millionrounds.com/company/agentrys)
- [**TripCreator** Reykjavik · founded 2013 *Raised*](https://millionrounds.com/company/tripcreator)
- [**50skills** Kopavogur · founded 2017 *Raised*](https://millionrounds.com/company/50skills)
- [**Lucinity** Reykjavik · founded 2018](https://millionrounds.com/startup/lucinity)
- [**Encore Pro** Reykjavik · founded 2013](https://millionrounds.com/startup/encore-pro)
- [**Treble Technologies** Reykjavik · founded 2019](https://millionrounds.com/startup/treble-technologies)
- [**River** founded 2024](https://millionrounds.com/startup/river-5)
- [**hopp** Reykjavik · founded 2019](https://millionrounds.com/startup/hopp-3)

## Is this your company?

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