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Top 10 Community Startup Investors in Iceland (July 2026)

The most active venture capital funds and angel investors investing in Iceland Community startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Iceland Community startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Shanda Group
VC Fund
2 United States, China, Israel Seed, Series A, Pre-Seed Artificial Intelligence, Software, Health Care $100k–$44M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$25M
Reaktor Ventures
VC Fund
2 Finland, Germany, United States Seed, Pre-Seed, Series A Internet, Software, E-Commerce $137k–$6.6M
New Business Venture Fund
VC Fund
2 Iceland, United States, China Seed, Series A Software, Health Care, Medical $400k–$3.4M
Index Ventures
VC Fund
2 United States, United Kingdom, France Series A, Series B, Seed Software, E-Commerce, Internet $1.4M–$100M
Kjartan Olafsson
Angel
1 Denmark, Iceland Angel, Series A Software, B2B, Apps
David Wallerstein
Angel
1 United States, Israel, Germany Seed, Series B, Series A Mobile, Health Care, Artificial Intelligence $1.6M–$90M
David Helgason
Angel
1 United States, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Information Technology $1k–$30M
Frumtak Ventures
VC Fund
1 Iceland, Estonia, United States Seed, Series A Software, Information Technology, SaaS $974k–$20M
Atomico
VC Fund
1 United Kingdom, United States, Germany Series A, Series B, Series C Software, Artificial Intelligence, Information Technology $5M–$300M
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Investor list

Shanda Group
VC Fund · Menlo Park, California, United States · 2 investments in Iceland Community startups

Shanda Group is a private investment firm that was founded in 1999 by Tianqiao Chen and Chrissy Luo. The company works across venture capital, private equity, public markets, and real estate, prioritizing investments in the financial services, technology, and healthcare sectors. Shanda has offices in Shanghai, Hong Kong, New York, Singapore andMenlo Park. It invests in innovative companies and great management teams that have the vision and determination to change the world.

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Investment focus

  • Industry: Artificial Intelligence, Software, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 40
  • Round size: Seed $839k–$11M; Pre-Seed $100k–$750k; Series A $5.6M–$44M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • MiroFish — MiroFish is an AI prediction engine driven by multi - agent technology.
  • Buildroid — Buildroid is a robotics company that develop a humanoid robot for construction purpose. Buildroid AI bringing robotics and AI to the construction site.We transform active job sites by integrating specialized robots directly into contractor workflows. Our AI platform connects BIM models with real-world execution through Digital Twin simulations andproprietary orchestration software. We’re partnering with developers, contractors, and government bodies to bring robotics to large-scale projects. Only a few pilot slots remain for 2025 — contact us today to reserve yours and receive a tailored ROI calculation.
  • Trener Robotics — Trener Robotics develops AI software that enables industrial robots to operate autonomously, adapt to variability, and deploy faster in manufacturing.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Iceland Community startups

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 172
  • Round size: Seed $549k–$5.9M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
  • Valuebeat — Grow your culture. Backed by data. Platypus is the HR and recruitment tool that measures cultural drivers of people across the organization to help you qualify decisions on hiring and managing your culture.
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Reaktor Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Iceland Community startups

Reaktor Ventures they invest in seed stage companies and helps them to create markets.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Germany, United States

Investor stats

  • Total investments: 55
  • Round size: Seed $137k–$2M; Pre-Seed $159k–$1.8M; Series A $1.7M–$6.6M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
  • Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.
  • allies.digital — Allies is a match-making platform curating businesses with IT-, digital and creative agencies. No more miss-matches when buying IT & creative services.
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New Business Venture Fund
VC Fund · Reykjavík, Gullbringusysla, Iceland · 2 investments in Iceland Community startups

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.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Series A
  • Geography: Iceland, United States, China

Investor stats

  • Total investments: 40
  • Round size: Seed $400k–$2.6M; Series A $450k–$3.4M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Sundra — Sundra is a translation software that helps HR teams translate their learning content so every employee feels included.
  • HorseDay — HorseDay is a mobile application to track horse activities.
  • Arcana Bio — ArcanaBio is developing realtime biosurveillance solutions that minimize workplace disruptions and support health & wellness
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Index Ventures
VC Fund · San Francisco, California, United States · 2 investments in Iceland Community startups

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 1178
  • Round size: Seed $1.4M–$16M; Series A $5M–$38M; Series B $10M–$100M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $117M in 2015

Portfolio highlights

  • Humu — Confidently achieve your most ambitious goals. Give everyone the personalized, step-by-step support they need to take the best route towards big, shared finish lines.
  • auxmoney — Auxmoney is an online peer-to-peer loan marketplace created to offer a means of exchange between people. Its lending platform enables private consumers to borrow from private investors for personal loans, thereby providing borrowers a bank free borrowing system and a return on investment for lenders.
  • Molecular Partners — Molecular Partners is a clinical-stage biopharmaceutical company working to advance modern medicine and significantly improve the management of serious diseases. They are developing a powerful new class of potent, specific and versatile small protein therapies called DARPin® therapeutics.
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Kjartan Olafsson
Angel · 1 investments in Iceland Community startups

Kjartan Olafsson is an entrepreneur and angel-investor-on-occasion with one foot in New York and the other in Iceland. Kjartan is the owner of Volta Labs Venture Development (Volta.is) and the founder of Basno.com, a platform for digital goods. He sits on the board of directors at a handful of companies and organizations in Iceland and theU.S., including Basno and Datamarket.com. Previously Kjartan served as the Director of Business Development for the international media company Bertelsmann Inc. in New York. Kjartan studied philosophy and logic in Iceland and Italy, and holds a master’s degree in business administration from the Harvard Business School.

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Investment focus

  • Industry: Software, B2B, Apps
  • Stage:Angel, Series A
  • Geography: Denmark, Iceland

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Taktikal — Simple and secure digital signatures Offer high-end signatures to save both your business and your customers valuable time and cost.
  • Watchbox — Watchbox combines technology and the elements of team-building to unite local and distributed teams. Employees capture all the great things at work or outside of work, with photos and videos. These moments vary from random highlights at work, events, celebrations, and conferences to something interesting in employees’ personal lives outside ofwork. Posts can be viewed in the app, but are also displayed 24/7 in dedicated Watchbox display units, placed in common areas across the office. Watchbox provides fun Concepts designed to motivate diverse content creation that reinforces positive culture.
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David Wallerstein
Angel · 1 investments in Iceland Community startups

David A.M. Wallerstein, SEVP of Tencent. David joined Tencent in 2001. He oversees the Company’s international business initiatives through identifying cooperation with multinational partners and he is responsible for Tencent’s operations outside mainland China. Prior to Tencent, David was the Vice President, Business Development of MIH inChina, and was involved in Internet strategy and mergers and acquisitions activities in China. Prior to that, David worked as a management consultant in China's telecommunications and IT industries.

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Investment focus

  • Industry: Mobile, Health Care, Artificial Intelligence
  • Stage:Seed, Series B, Series A
  • Geography: United States, Israel, Germany

Investor stats

  • Total investments: 13
  • Round size: Seed $1.6M–$5.8M; Series B $11M–$90M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Teatime Games — Teatime Games is an Iceland-based gaming startup that reinvents social games.
  • Lilium — Lilium is developing sustainable, high-speed air mobility through its electric vertical take-off and landing aircraft, vertiports and digital service.
  • Scaled Inference — Scaled Inference is a U.S.-based company that operates in stealth mode and offers artificial intelligence as a cloud service. It offers a new generation of intelligent software built by the masses and powered by an open shared platform. Scaled Inference was founded in 2014 and is headquartered in Palo Alto, California.
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David Helgason
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Iceland Community startups

David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen.

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Investment focus

  • Industry: Software, Gaming, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Denmark, Finland

Investor stats

  • Total investments: 73
  • Round size: Seed $1.1M–$8M; Pre-Seed $1k–$2.4M; Series A $4.3M–$30M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • ScyAI — ScyAI is the developer of an autonomous risk intelligence tool designed to integrate multiple specialized agents.
  • Noah — API-first stablecoin payments, enterprise-grade compliance and real-time settlements, powered by stablecoin technology.
  • Flow Engineering — Requirements management, made collaborative
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Frumtak Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Community startups

At Frumtak Ventures, we champion founders who have demonstrated early traction and have potential to become global leaders in their space. We take a concentrated, high-conviction, and high-involvement approach to investing and dedicate ourselves to collaboratively work with our portfolio companies from the seed stage through IPO. Our initialticket size usually ranges from €1 million to €3 million.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Iceland, Estonia, United States

Investor stats

  • Total investments: 40
  • Round size: Seed $974k–$4.7M; Series A $1.2M–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Optise — Optise is an AI-powered website insights tool for B2B businesses.
  • MyDello — Get instant quotes for all transportation modes. Enter a new era of freight forwarding with the MyDello logistics platform. Sign up for free
  • Euler
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Atomico
VC Fund · London, England, United Kingdom · 1 investments in Iceland Community startups

Atomico invests in innovative technology companies around the world.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 237
  • Round size: Series A $5M–$31M; Series B $12M–$95M; Series C $25M–$300M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $1.1B in 2023

Portfolio highlights

  • Betable — Betable is a leading iGaming platform provider, offering a comprehensive, casino-first solution designed for scalability and multi-vertical integration. Empowering operators with cutting-edge technology and dual licensing (UKGC + Anjouan), Betable delivers a seamless user experience with built-in CRM and acquisition tools.
  • Hinge Health — The #1 clinic for joint & muscle pain. Join today and take control of your pain with access to our personalized virtual physical therapy program
  • Frontier Health — Frontier Health develops artificial intelligence tools that help healthcare administration teams manage repetitive and high-volume tasks within existing clinical workflows. Its primary product, Juno, functions as an AI coworker that supports care coordination by processing information across multiple patient pathways and software systems. Theplatform is designed to work with a wide range of healthcare applications, enabling organizations to use their current systems while reducing manual administrative work. Frontier Health emphasizes clinical safety, data security, and compliance with healthcare standards, including NHS guidance and information security certifications. The company brings together technology specialists and healthcare professionals with experience working across numerous hospitals to address operational challenges in healthcare delivery.
Show all investments...

Community Investor funding in Iceland at a glance

Stats across 10 deals from 11 investors.

11
investors
in Iceland Community startups
10
deals
in Iceland Community startups
$395k
median round
in Iceland Community startups
36%
lead investors
lead at least one round
40%
Seed
most common funding stage
73/27
VC / Angel
share of investor count

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