Top 15 Enterprise Software Startup Investors in Iceland (October 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Frumtak Ventures
VC Fund
|
6 | Iceland, Estonia, United States | Seed, Venture - Series Unknown | Software, Information Technology, SaaS | $974k–$14M |
|
New Business Venture Fund
VC Fund
|
4 | Iceland, United States, China | Seed, Venture - Series Unknown | Software, Health Care, SaaS | $400k–$3.8M |
|
Swiss Post Ventures
VC Fund
|
1 | Switzerland, Germany, France | Series A, Seed, Series B | Software, Information Technology, SaaS | $1.1M–$45M |
|
DRD Investments
VC Fund
|
1 | Iceland | Venture - Series Unknown | SaaS, Software, Human Resources | |
|
Export and Investment Fund
VC Fund
|
1 | Denmark, United States, Norway | Seed, Series A, Pre-Seed | Software, Biotechnology, Health Care | $395k–$84M |
|
Seed Capital
VC Fund
|
1 | Denmark, United States, United Kingdom | Seed, Venture - Series Unknown | Software, Health Care, Information Technology | $508k–$5.5M |
|
TM
VC Fund
|
1 | Iceland | Corporate Round, Venture - Series Unknown | SaaS, Travel, Software | |
|
Capital A Partners
VC Fund
|
1 | United States, Sweden, India | Seed, Series A, Angel | Software, 3D Printing, 3D Technology | $270k–$7M |
|
Founders Ventures
VC Fund
|
1 | France | Seed | Software, Blockchain, Agriculture | |
|
Brunnur Ventures
VC Fund
|
1 | Iceland, United States, Japan | Seed, Series A, Venture - Series Unknown | Software, SaaS, Gaming | $800k–$16M |
|
Nordic Ignite
VC Fund
|
1 | Norway, Iceland, Sweden | Pre-Seed, Angel | SaaS, Travel, Content | |
|
Shubert Organization
VC Fund
|
1 | Israel, Iceland | Corporate Round, Venture - Series Unknown | Audio, Big Data, Analytics | |
|
Iceland Venture Studio
VC Fund
|
1 | Iceland, United States, India | Seed, Pre-Seed, Angel | Software, Health Care, SaaS | $500k–$3M |
|
Eyrir Invest
VC Fund
|
1 | Iceland | Venture - Series Unknown | Fuel, Energy, Big Data | $12M–$14M |
|
Kelly Ireland
Angel
|
1 | Iceland | Venture - Series Unknown | SaaS, Software, Private Cloud | |
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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.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Venture - Series Unknown
- Geography: Iceland, Estonia, United States
Investor stats
- Total investments: 46
- Round size: Seed $974k–$4.7M; Venture - Series Unknown $1.2M–$14M
- Lead/follow: 70% lead, 30% follow
- Last fund: Likely still investing — raised $87M in 2024
Portfolio highlights
- MyDello — Get instant quotes for all transportation modes. Enter a new era of freight forwarding with the MyDello logistics platform. Sign up for free
- 50skills — Bring people, information and tools together. 50skills is a hiring system and so much more.
- Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
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, SaaS
- Stage:Seed, Venture - Series Unknown
- Geography: Iceland, United States, China
Investor stats
- Total investments: 44
- Round size: Seed $400k–$2.6M; Venture - Series Unknown $1.2M–$3.8M
- Lead/follow: 61% lead, 39% follow
Portfolio highlights
- Sowilo — Sowilo created Catecut, a platform-agnostic technology that leverages artificial intelligence to detect fashion products and design elements in store product photos.
- Sundra — Sundra turns the materials you already have into structured training courses in hours, then delivers them in 70+ languages. Built for HR and L&D teams.
- Arcana Bio — ArcanaBio is developing realtime biosurveillance solutions that minimize workplace disruptions and support health & wellness
Swiss Post positions its services at the junction between the physical and digital worlds, building on an impressive range of physical products by supplementing them with an increasing number of digital solutions.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Series A, Seed, Series B
- Geography: Switzerland, Germany, France
Investor stats
- Total investments: 31
- Round size: Seed $1.1M–$4.6M; Series A $2.8M–$17M; Series B $4.1M–$45M
- Lead/follow: 19% lead, 81% follow
Portfolio highlights
- eMabler — EMabler is an EV charging infrastructure software company that develops an API-first platform used by businesses to operate, manage, and scale electric vehicle charging networks. It provides a centralized system for charge point management, billing, pricing, roaming, and energy optimization, allowing operators to control large networks of EVchargers from a single platform. The software connects charging hardware with business systems such as CRM, payment, and energy management tools through open APIs and a large library of integrations. The company focuses on enabling enterprises, such as energy utilities, parking operators, and retail businesses, to embed EV charging directly into their existing services and digital platforms rather than building standalone charging systems. This includes white-label solutions where charging is integrated into a company’s own app or customer experience under its brand.
- 50skills — Bring people, information and tools together. 50skills is a hiring system and so much more.
- heycare (former heynanny) — Heynannyly enables working professionals to book a babysitter.
Investment focus
- Industry: SaaS, Software, Human Resources
- Stage:Venture - Series Unknown
- Geography: Iceland
Investor stats
- Total investments: 1
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- 50skills — Bring people, information and tools together. 50skills is a hiring system and so much more.
Denmark's Export and Investment Fund (EIFO) serves as a single point of contact for Danish firms seeking risk-tolerant government finance. We aspire to help successful enterprises that can expand the Danish economy and green the world on a daily basis, guided by professionalism and an international perspective.
Show more...Investment focus
- Industry: Software, Biotechnology, Health Care
- Stage:Seed, Series A, Pre-Seed
- Geography: Denmark, United States, Norway
Investor stats
- Total investments: 146
- Round size: Seed $395k–$11M; Pre-Seed $807k–$2.9M; Series A $5.9M–$84M
- Lead/follow: 37% lead, 63% follow
Portfolio highlights
- Sovera Security — Sovera was established to develop that model, which is self-improving, signal-driven, and sovereign.
- Breye Therapeutics — Breye Therapeutics, a Danish-based biopharmaceutical firm in the clinical stages, is working to provide cutting-edge oral treatments for the management of retinal vascular diseases.
- Onomondo — Onomondo is a global IoT network. Our IoT SIM and cloud platform future proof your devices with full data transparency, freedom to leave, and no third parties.
Seed Capital invests in Danish tech businesses with global ambitions. We are focused on "late seed"-stage companies, typically investing 1-3 MEUR in rounds of 1-6 MEUR. Proud backers of Trustpilot, Vivino, Lunar, Templafy, Dixa, Forecast, and many other great companies.
Show more...Investment focus
- Industry: Software, Health Care, Information Technology
- Stage:Seed, Venture - Series Unknown
- Geography: Denmark, United States, United Kingdom
Investor stats
- Total investments: 201
- Round size: Seed $508k–$5.5M; Venture - Series Unknown $513k–$5.1M
- Lead/follow: 31% lead, 69% follow
- Last fund: May invest from a new fund soon — raised $74M in 2021
Portfolio highlights
- Tailify — Influencer Marketing, Powered by Behavioural Science. We're Tailify, the influencer marketing agency that combines the power of influence with the science of human behaviour.
- Reapplix — Reapplix ApS, a research and development company, identifies blood-derived proteins that improve wound healing, isolates them, and reapplies them to patients with chronic wounds. The company was founded in 2008 and is based in Birkerod, Denmark.
- Neurescue — Neurescue, a medical device manufacturer based in Denmark, is developing cardiovascular devices to help emergency patients. Neurescue’s first product, the safeREBOA device, is the first computer-aided aortic occlusion catheter. Our future goal is to enable the potential clinical utility of further intelligent procedures.
TM is a company that provides all insurance and damage related services through call, online chats & emails.
Show more...Investment focus
- Industry: SaaS, Travel, Software
- Stage:Corporate Round, Venture - Series Unknown
- Geography: Iceland
Investor stats
- Total investments: 2
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Genis — Genis is pioneering the development and application of therapeutic chitin derivatives.
- Kaptio — Kaptio develops a travel reservation platform to bring digital transformation to tour operators. They provide reservation technology and incorporate marketing, operations, and finance into one central system for travel operators, along with providing travel-specific consultancy services, technical architecture, delivery, and implementation. Theyenable travel businesses to customer relationship management processes.
venture capital and private equity for early stage businesses
Show more...Investment focus
- Industry: Software, 3D Printing, 3D Technology
- Stage:Seed, Series A, Angel
- Geography: United States, Sweden, India
Investor stats
- Total investments: 12
- Round size: Seed $270k–$7M; Series A $750k–$3.5M
- Lead/follow: 17% lead, 83% follow
- Last fund: May invest from a new fund soon — last raise in 2013
Portfolio highlights
- Quizy — Quizy Games is an online platform to participate in pool of quizzes and get earn money instantly. Try out your brain and luck together, earning money is fun.
- Chargeup — Empowering drivers, NBFCs, and OEMs through AI-driven financing and asset management solutions for India's EV ecosystem.
- Svenska Aerogel — Svenska Aerogel develops aerogel materials designed to improve thermal insulation, fire protection and energy efficiency across industries
Founders Ventures primarily invests in startups leveraging AI and blockchain technology.
Show more...Investment focus
- Industry: Software, Blockchain, Agriculture
- Stage:Seed
- Geography: France
Investor stats
- Total investments: 2
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Sundra — Sundra turns the materials you already have into structured training courses in hours, then delivers them in 70+ languages. Built for HR and L&D teams.
- Irrigeasy — Mobile App for smart irrigation
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, Venture - Series Unknown
- Geography: Iceland, United States, Japan
Investor stats
- Total investments: 33
- Round size: Seed $1M–$5.3M; Series A $1.5M–$16M; Venture - Series Unknown $800k–$3M
- Lead/follow: 67% lead, 33% follow
- Last fund: May invest from a new fund soon — raised $65M in 2021
Portfolio highlights
- Axelyf — Building Next-Generation RNA-LNP Therapeutics: experienced drug developers with distinctive technologies - for partners, programs and patients
- AviLabs — AviLabs is revolutionizing how airlines handle disruptions. By combining industry expertise with cutting-edge, passenger-first solutions, we empower airlines to reduce disruptions, enhance the customer experience, and optimize operations.
- Ghostlamp — Ghostlamp enables brands and agencies to create on-demand micro influencer campaigns, anywhere in the world via the use of an online self-serve platform.
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Show more...Investment focus
- Industry: SaaS, Travel, Content
- Stage:Pre-Seed, Angel
- Geography: Norway, Iceland, Sweden
Investor stats
- Total investments: 5
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- Sundra — Sundra turns the materials you already have into structured training courses in hours, then delivers them in 70+ languages. Built for HR and L&D teams.
- Vandre — Vandre - Sustainable workwear lifecycle management
- Vilje Bionics — 1 in 4 will be affected by a stroke during their lifetime. Many stroke survivors must live with permanently impaired arm and hand function. This significant disability makes them dependent on others for activities in daily life and leads to painful complications such as stiff joints. Vilje Bionics offers the world’s first commercial and mobilerobotic exoskeleton that assists motion in the entire arm. With the help of our smart sensors and unique software, the user controls the movement of the assistive device. The aid is hence not a prosthesis, but an exoskeleton assisting a disabled arm. Our solution transforms dreams into possibilities. We provide a) independence in tasks that require two hands, b) increased energy for hobbies and social activities, c)support of weakened shoulder, without passivizing it, and d) preventing strain injuries and pain due to e.g., contractures and stiff joints.
Shubert Organization owns, operates, and manages theatres in New York; and Philadelphia, Pennsylvania.The organization also produces plays and musicals in New York City and other parts of the United States; operates a ticketing agency for theatres in New York City; and provides a research repository of theatrical documents and other relateditems. In addition, the company offers a source for various ticketing needs, including box office, telephone, internet, season and subscription, group, and more sales to various segments of the entertainment industry.Shubert Organization was formerly known as Select Theatres Corporation and changed its name to Shubert Organization in 1973.The company was founded in 1900 and is based in New York, United States. It operates as a subsidiary of The Shubert Foundation, Inc.
Show more...Investment focus
- Industry: Audio, Big Data, Analytics
- Stage:Corporate Round, Venture - Series Unknown
- Geography: Israel, Iceland
Investor stats
- Total investments: 2
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- GalaPro — App for accessibility and translation services for live shows and theater. Automated closed captions, audio description and translation every performance
- Activity Stream — Activity Stream is a marketing platform made exclusively for the event industry.
We help people grow and build decentralized companies
Show more...Investment focus
- Industry: Software, Health Care, SaaS
- Stage:Seed, Pre-Seed, Angel
- Geography: Iceland, United States, India
Investor stats
- Total investments: 14
- Round size: Seed $500k–$3M; Pre-Seed $950k–$1M
- Lead/follow: 36% lead, 64% follow
- Last fund: May invest from a new fund soon — raised $5M in 2019
Portfolio highlights
- Soptle — Founded in Sep 2021, Soptle started to establish an integrated technology to the neglected regional FMCG Manufacturers in India with a B2B Retail Commmerce App. It uses tech and data to distribute at scale and use necessary components (existing Distributor/Wholesaler) in the FMCG Supply Chain to build a high growth and profitable business.
- Sundra — Sundra turns the materials you already have into structured training courses in hours, then delivers them in 70+ languages. Built for HR and L&D teams.
- Expertrons — Expertrons is an upskilling platform that offers advanced training programs | BSFI | HR | Marketing and many more to assure 100% professional success.
Eyrir Invest is an international investment company that focuses on investments in industrial companies that have the potential to become true global leaders.
Show more...Investment focus
- Industry: Fuel, Energy, Big Data
- Stage:Venture - Series Unknown
- Geography: Iceland
Investor stats
- Total investments: 2
- Round size: Venture - Series Unknown $12M–$14M
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- Activity Stream — Activity Stream is a marketing platform made exclusively for the event industry.
- Carbon Recycling International — Carbon Recycling International (CRI) is the world leader in CO2 to methanol technology. We produce renewable e-methanol from carbon dioxide (CO2), hydrogen (H2), and electricity for energy storage, fuel and chemical applications, efficiency enhancement and carbon emission reduction.
Investment focus
- Industry: SaaS, Software, Private Cloud
- Stage:Venture - Series Unknown
- Geography: Iceland
Investor stats
- Total investments: 1
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- Greenqloud — Greenqloud is a software company focusing on our premier software, Qstack.Qstack is a leading Cloud Management Platform (CMP) that has a proven track record of deploying private cloud solutions at scale for both Service Providers and Global Enterprises. Qstack is hypervisor agnostic supporting KVM, VMware, Hyper-V and bare-metal provisioning.With Qstack native hybrid cloud capabilities you can manage both your internal infrastructure as well as your public cloud usage (AWS and Azure).Qstack has a Kubernetes based container and application orchestration layer that allows DevOps teams to easily deploy CD/CI applications and microservices. Companies can safely deliver instant access to a portfolio of cloud resources and leverage on Qstack’s powerful user-interface and EC2 compliant API.Qstack has empowered global enterprises to adopt a true cloud and infrastructure management solution while maintaining full control and cost transparency. Learn more at qstack.comFounded in 2010 in Iceland, the company initially developed, launched and sold public cloud computing services known commonly as infrastructure-as-a-service (IaaS), powered by data centers using 100% renewable energy in Iceland. In 2014 it pivoted to focus solely on Qstack development drawing from its immense experience from running a public cloud for 4+ years with thousands of users from over 80 countries and key components development for open source projects like Apache Cloudstack.
Enterprise Software Investor funding in Iceland at a glance
Stats across 31 deals from 21 investors.
Access all 21 investors in Iceland Enterprise Software startups.
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