Venture Capital
Frumtak Ventures
Venture Capital · Reykjavik, Iceland
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).
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