Kimi Records was founded in 2007 by Baldvin Esra Einarsson and his wife out of Akureyri, Iceland.

The Kimi Records roster includes mainly Icelandic inde rock acts, but also includes bands belonging to other genres of music and despite its young age, Kimi records have also released non-Icelandic acts.

The label has also distributed releases by artists such as FM Belfast, Hildur Guðnadóttir, Leaves, Seabear and Stórsveit Nix Noltes.

The same year Kimi Records started operating a more mainstream label, Borgin.

[3] Kimi's first compilation, Hitaveitan, saw the light of day in the summer 2010.