Reykjavik, Iceland · Venture Capital Brunnur Ventures is an early-stage venture capital firm founded in 2013 and focused on high-growth Icelandic startups. The firm backs scalable B2B software, gaming, biotech, cleantech, and marine-tech companies, writing initial seed cheques and following on through growth rounds. With around 34 portfolio companies, the firm has achieved notable exits including CCP Games and Oculis. Key partners include Founding Partner Sigurdur Arnljotsson and Managing Partner Arni Bloendal.
Venture Capital Pre-Seed to Seed SaaSGamingBiotechCleanTechMarine TechFintech
Reykjavik, Iceland · Venture Capital Crowberry Capital is a Nordic seed and early-stage venture fund founded in 2017 in Reykjavik, with additional offices in Copenhagen and Stockholm. The all-female founding team backs technology startups across the Nordics, with a particular focus on SaaS, digital health, fintech, and gaming. Its second fund closed at €90 million and the firm has invested in over 34 companies. Notable portfolio companies include Lucinity (AI anti-money laundering) and Mainframe Industries (cloud-native MMO gaming).
Venture Capital Seed to Series A SaaSDigital HealthFintechGamingEnterprise Software
Reykjavik, Iceland · Venture Capital Eyrir Sprotar is the seed and early-stage venture fund managed by Eyrir Invest, a Reykjavik-based international investment company with a 25-year track record. The fund, launched in 2012 and formalized in 2015, backs promising Icelandic ventures targeting international markets, with typical investment sizes around €3 million. Eyrir Invest is best known as a major long-term shareholder in Marel, the global food processing equipment manufacturer.
Venture Capital Seed, Early-stage TechnologyIndustrialLife Sciences
Reykjavik, Iceland · Venture Capital Frumtak Ventures is Iceland's oldest active venture capital firm, founded in 2008 with a mandate to back local innovation with global potential. The firm takes a concentrated, high-conviction approach from seed through later growth stages, partnering closely with founders across AI, healthcare, logistics, energy, climate, and ocean-tech. Its fourth fund, closed in July 2024 at $87 million and oversubscribed, is primarily backed by Icelandic pension funds. The portfolio of 34 companies includes notable companies such as Controlant (pharma cold-chain) and Sidekick Health (digital therapeutics).
Venture Capital Seed to Series B AIHealthcareLogisticsEnergyClimate TechOcean TechDeep Tech