Top 10 Climate Startup Investors in Iceland (June 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Brunnur Ventures
VC Fund
|
5 | Iceland, United States, Denmark | Seed, Series A | Software, SaaS, Gaming | $1M–$18M |
|
New Business Venture Fund
VC Fund
|
3 | Iceland, United States, China | Seed, Series A | Software, Health Care, Medical | $400k–$3.4M |
|
Chrysalix Venture Capital
VC Fund
|
2 | United States, Canada, The Netherlands | Series B, Series A | Energy, Manufacturing, CleanTech | $2M–$24M |
|
Farvatn Venture
VC Fund
|
1 | Norway, United States, Iceland | Seed, Series A | Software, Health Care, Artificial Intelligence | $1.5M–$7.5M |
|
Kontrari
VC Fund
|
1 | Iceland | Farming, Aquaculture, Environmental Engineering | ||
|
Silicon Valley Bank
VC Fund
|
1 | United States, United Kingdom, Canada | Debt Financing, Series B, Series A | Software, Health Care, Biotechnology | $3M–$130M |
|
Crowberry Capital
VC Fund
|
1 | Iceland, Denmark, Finland | Seed, Series A, Pre-Seed | Software, Gaming, Health Care | $1k–$17M |
|
Novelis
VC Fund
|
1 | United States, Iceland, United Kingdom | Series A, Seed, Series B | Manufacturing, Information Technology, Artificial Intelligence | $18M–$27M |
|
BackingMinds
VC Fund
|
1 | Sweden, Denmark, Finland | Seed, Pre-Seed | SaaS, Software, Agriculture | $251k–$11M |
|
Eyrir Vöxtur
VC Fund
|
1 | Iceland | Seed | Legal, Legal Tech, Document Management | |
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Brunnur Ventures is a top venture capital firm in Iceland for startups with high-growth potential.
Show more...Investment focus
- Industry: Software, SaaS, Gaming
- Stage:Seed, Series A
- Geography: Iceland, United States, Denmark
Investor stats
- Total investments: 29
- Round size: Seed $1M–$3.5M; Series A $1.5M–$18M
- Lead/follow: 62% lead, 38% follow
- Last fund: May invest from a new fund soon — raised $65M in 2021
Portfolio highlights
- AviLabs — AviLabs specializes in software development in aviation.
- Laki Power — We supply power grid operators with advanced high-voltage line monitoring stations that enable them to optimise performance, safety and cost.
- Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.
The New Business Venture Fund is an evergreen investment fund that actively contributes to the development and growth of the Icelandic economy by investing in promising innovation and start-up companies.The New Business Venture Fund invests at seed and early stage in promising growth companies with great business ideas and strong management anddevelopment teams.The New Business Venture Fund is a state owned investment fund intended to strengthen and develop the Icelandic venture capital market along with promoting startups and business in Iceland thus encouraging economic growth.
Show more...Investment focus
- Industry: Software, Health Care, Medical
- Stage:Seed, Series A
- Geography: Iceland, United States, China
Investor stats
- Total investments: 38
- Round size: Seed $400k–$2.6M; Series A $450k–$3.4M
- Lead/follow: 61% lead, 39% follow
Portfolio highlights
- HorseDay — HorseDay is a mobile application to track horse activities.
- Spectaflow — Spectaflow is a SaaS solution for accommodations businesses focused on improving housekeeping and maintenance workflows
- PayAnalytics — PayAnalytics, a leading pay equity and workforce analytics solution, aids companies in closing pay gaps and fostering workplace equity. Ensure compliance with pay transparency regulations, assess wage disparities, and analyze workforce demographics conveniently.
Leading global venture capital fund that invests in resource intensive industries across North America and Europe.
Show more...Investment focus
- Industry: Energy, Manufacturing, CleanTech
- Stage:Series B, Series A
- Geography: United States, Canada, The Netherlands
Investor stats
- Total investments: 104
- Round size: Series A $2M–$18M; Series B $5.4M–$24M
- Lead/follow: 28% lead, 72% follow
- Last fund: Likely still investing — fund raised in 2023
Portfolio highlights
- Geopyörä Oy — Geopyörä is the state of the art in rock breakage characterization testing and it was developed to allow mining companies to test several samples at low cost for geometallurgical, comminution design and control applications
- General Fusion — General Fusion is developing fusion energy: a clean, safe, abundant and on-demand approach to generating electricity.
- Q5D Technology — Additive manufacturing with conductors. Eliminate traditional wiring, saving space and weight. Unique 5-axis robots add power and data functions to products. Simplify supply chains and manufacturing. Transform productivity with our hardware, software, and support.
Planet 9 Venture supports startups and work with venture funds to make a positive imprint on the world.
Show more...Investment focus
- Industry: Software, Health Care, Artificial Intelligence
- Stage:Seed, Series A
- Geography: Norway, United States, Iceland
Investor stats
- Total investments: 11
- Round size: Seed $1.5M–$7.5M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- LAXEY — LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.
- BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
- Evari — Advanced manufacturer of next-gen turbocompressors, driving breakthrough heat pump performance
Kontrari is a Norwegian-based family office with expertise in seafood investing.
Show more...Investment focus
- Industry: Farming, Aquaculture, Environmental Engineering
- Geography: Iceland
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- LAXEY — LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.
Silicon Valley Bank is the financial partner of the innovation economy; helping individuals and investors in the innovation ecosystem achieve extraordinary outcomes.
Show more...Investment focus
- Industry: Software, Health Care, Biotechnology
- Stage:Debt Financing, Series B, Series A
- Geography: United States, United Kingdom, Canada
Investor stats
- Total investments: 434
- Round size: Series A $5M–$30M; Series B $6M–$45M; Debt Financing $3M–$130M
- Lead/follow: 34% lead, 66% follow
- Last fund: May invest from a new fund soon — last raise in 2016
Portfolio highlights
- ShipBob — Ecommerce fulfillment for online stores. ShipBob empowers businesses to offer 2-day shipping and manage inventory, orders, and shipments.
- Parafin — Parafin provides you with an end-to-end solution to offer one-click financing to your sellers.
- Valence Community — Valence is an internet company that connects, showcases, and empowers the global black professional community. It helps demystify professional advancement pathways through inspirational storytelling and structured community-driven mentorship. It is driven by its mission is to unlock the global combined power of black professionals to create massiveeconomic and social progress.The company was founded in 2019 and headquartered in Los Angeles, California.
Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first.
Show more...Investment focus
- Industry: Software, Gaming, Health Care
- Stage:Seed, Series A, Pre-Seed
- Geography: Iceland, Denmark, Finland
Investor stats
- Total investments: 45
- Round size: Seed $1.6M–$4.7M; Pre-Seed $1k–$1.3M; Series A $5.7M–$17M
- Lead/follow: 51% lead, 49% follow
- Last fund: Likely still investing — fund raised in 2021
Portfolio highlights
- Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
- Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
- Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.
Discover Novelis, the world leader in aluminum rolling and recycling. Learn how our innovative solutions and sustainability initiatives drive the future of lightweight, durable, and recyclable aluminum for industries worldwide.
Show more...Investment focus
- Industry: Manufacturing, Information Technology, Artificial Intelligence
- Stage:Series A, Seed, Series B
- Geography: United States, Iceland, United Kingdom
Investor stats
- Total investments: 4
- Round size: Series A $18M–$27M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Sortera Technologies — Sortera Alloys manufactures low-cost, high-quality metal alloys for domestic manufacturing using its artificial intelligence technology.
- Multiscale AI — Multiscale Technologies developed an AI platform that accelerates R&D and the discovery of new materials by 100X. The platform digitizes all forms of data (tabular, pdf, simulations etc.) and uses its own unique knowledge fusion platform to connect experiments, simulations, and materials domain expertise to provide predictive analyses andrecommendations for any manufacturing company that does R&D for new materials in their current/future products.
- DTE ehf — DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety.
We help great minds unleash their full potential!
Show more...Investment focus
- Industry: SaaS, Software, Agriculture
- Stage:Seed, Pre-Seed
- Geography: Sweden, Denmark, Finland
Investor stats
- Total investments: 28
- Round size: Seed $251k–$11M; Pre-Seed $820k–$8.2M
- Lead/follow: 54% lead, 46% follow
- Last fund: Likely still investing — raised $53M in 2022
Portfolio highlights
- Tavion — Tavion is a developer of battery energy storage systems that is expediting Europe's shift to renewable energy. Tavion creates and runs utility-scale BESS infrastructure to improve grid flexibility, stabilize intermittent renewable power, and promote energy independence in European markets.
- Serviceform — Welcome to future of communication - the truly all-in-one conversion and management software built for established businesses. Start now!
- Techarena — Since 2014 Techarena is the platform for innovation and Tech in the Nordics. From supporting startups and scaleups to bringing the Tech and Business world together at Scandinavia's Biggest Events.
Eyrir Vöxtur is an ESG fund, which focuses on investing in promising ventures for international growth and value creation. The fund invests in companies that have a positive impact on society and the environment.
Show more...Investment focus
- Industry: Legal, Legal Tech, Document Management
- Stage:Seed
- Geography: Iceland
Investor stats
- Total investments: 2
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- Justikal — Justikal is an eCourt system that allows different stakeholders in legal proceedings to handle documents in a trusted & secure way by using eIDAS compliant trust services.
- Laki Power — We supply power grid operators with advanced high-voltage line monitoring stations that enable them to optimise performance, safety and cost.
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