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Top 10 Financial Services Startup Investors in Iceland (October 2026)

The most active venture capital funds and angel investors investing in Iceland Financial Services startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Iceland Financial Services startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Crowberry Capital
VC Fund
5 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $400k–$17M
byFounders
VC Fund
3 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $750k–$65M
Preceptor Capital
VC Fund
3 Iceland, United States Seed, Series A FinTech, Computer, Software $2M–$6.1M
Karma Ventures
VC Fund
3 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $549k–$30M
Experian
VC Fund
1 United States, United Kingdom, India Series B, Corporate Round, Seed FinTech, Financial Services, Finance $800k–$42M
Iceland Venture Studio
VC Fund
1 Iceland, United States, India Seed, Pre-Seed, Angel Software, Health Care, SaaS $500k–$3M
Keen Venture Partners
VC Fund
1 The Netherlands, Germany, France Series A, Seed, Series B Software, SaaS, Financial Services $1.5M–$110M
Polaris
VC Fund
1 Iceland, Singapore, United States Debt Financing, Venture - Series Unknown FinTech, Finance, Payments
Magnús Steinarr Norðdahl
Angel
1 Iceland FinTech, Finance, Payments
Frumtak Ventures
VC Fund
1 Iceland, Estonia, United States Seed, Venture - Series Unknown Software, Information Technology, SaaS $974k–$14M
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Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 5 investments in Iceland Financial Services startups

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.

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Investment focus

  • Industry: Software, Gaming, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Iceland, Denmark, Finland

Investor stats

  • Total investments: 52
  • Round size: Seed $1.6M–$4.4M; Pre-Seed $400k–$1.3M; Series A $5.7M–$17M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2021

Portfolio highlights

  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
  • SNERPA Power — SNERPA Power develops intelligent energy services.
  • Augmented Hearing — Read more about danish audiology scale-up Augmented Hearing, driving the world's most ambitious audiology solutions and innovations.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Iceland Financial Services startups, 17 in the past 12 months

byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, United States, Sweden

Investor stats

  • Total investments: 135
  • Round size: Seed $1.5M–$9.4M; Pre-Seed $750k–$4.3M; Series A $6.1M–$65M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2021

Portfolio highlights

  • Fluencify — Fluencify is an innovative creator marketing platform that runs end to end user generated content programs for global brands. The software powered solution enforces brand quality guidelines, handles global creator payments, and provides contracted view guarantees to turn influencer marketing into a scalable utility framework.
  • Verda — Verda provides a full-stack AI cloud platform for the development, training, and deployment of AI models. Its services include GPU instances, instant clusters, serverless containers, managed storage, and other cloud infrastructure powered by NVIDIA hardware. Verda also operates an AI Lab focused on large-scale training, inference optimization, reinforcement learning, and AI systems engineering. Its platform serves AI developers and organizations across the full AI lifecycle, from prototyping to scalable inference.
  • Cota Robotics — Cota Robotics deploys general-purpose robots in retail stores through a Robot-as-a-Service model, integrating with existing environments without requiring changes to store layouts or infrastructure. The company automates shelf replenishment, inbound handling, and order picking using human-in-the-loop teleoperation, with autonomy increasing asdeployment data trains its models.
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Preceptor Capital
VC Fund · 3 investments in Iceland Financial Services startups

Preceptor Capital is an investment firm.

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Investment focus

  • Industry: FinTech, Computer, Software
  • Stage:Seed, Series A
  • Geography: Iceland, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $2M–$6.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Anonybit — QQEMAS merupakan situs slot777 rekomendasi penggemar situs slot gacor hari ini yang populer memberikan bonus member baru 100% dan cashback.
  • Lucinity — Money laundering is the crime that fuels crime. Lucinity's mission is to Make Money Good® by combining the best of human and artificial intelligence. Lucinity uses Human AI to help banks fight financial crime more efficiently. By designing its AML platform around man and machine, Lucinity allows banks to increase their AML programs'productivity.Lucinity identifies suspicious activity through its proprietary behavior detection system. The approach is entirely risk-based and allows customers to control their risk exposure before efficiently reviewing AML alerts in the Lucinity Case Manager.The company was founded by industry veterans. The core team has experience from Tier-1 banks, international regulators, and leading legacy vendors. Lucinity takes great pride in being the enterprise-ready AML startup that brings the novelty and excitement of a startup and the professionalism and experience of an incumbent.
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Iceland Financial Services startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 54
  • Round size: Seed $549k–$4.8M; Series A $3.9M–$17M; Series B $3.1M–$30M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $113M in 2021

Portfolio highlights

  • Mindgard — Mindgard is the leading provider of AI Red Teaming solutions.
  • Leil Storage — ON-PREMISES DISTRIBUTED FILE STORAGE WITH CLOUD-SCALE DENSITY+23% extra FREE capacity and density NOW +23% extra FREE capacity and density NOW +20% lower CO₂ emissions and power costs NOW up to +70% saved energy in the futureFirst distributed filesystem that supports the biggest HDDs on the planet, enabling enterprises with HM-SMR basedstorage.
  • Starship Technologies — The future of delivery - today!
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Experian
VC Fund · Dublin, Dublin, Ireland · 1 investments in Iceland Financial Services startups

Experian is a global information services company that provides information, analytical tools, and marketing services to help clients manage their commercial and financial decisions. The company helps organizations manage credit risk, prevent fraud, target marketing offers, and automate decision making. It also enables individuals to check theircredit report and credit score as well as protect against identity theft.The company is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index.Experian was co-founded by Michael A Barron and Bernie Brenner in January 1980 and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, United Kingdom; California, United States; and São Paulo, Brazil.

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Series B, Corporate Round, Seed
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 27
  • Round size: Seed $800k–$4M; Series B $7.9M–$42M
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • Floid — Open Finance para conectar de forma segura con los datos financieros de tus clientes
  • Palenca — Acceso a los datos de empleo al instante con el consentimiento del usuario
  • Resistant AI — Resistant AI provides fraud detection and prevention in automated document processing workflows, transaction monitoring, and identities analysis.
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Iceland Venture Studio
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Financial Services startups

We help people grow and build decentralized companies

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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.
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Keen Venture Partners
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Iceland Financial Services startups, 9 in the past 12 months

Keen Venture Partners is a radically human venture capital firm that invests in fast-growing European scale-ups at the Series A and Series B stages

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Investment focus

  • Industry: Software, SaaS, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: The Netherlands, Germany, France

Investor stats

  • Total investments: 62
  • Round size: Seed $1.5M–$7M; Series A $6.4M–$30M; Series B $9M–$110M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely actively investing — fresh fund, raised $40M in 2025

Portfolio highlights

  • Cato AI — Search, analyze and bid on Italian public tenders with AI, automating the manual work for bid offices and sales teams.
  • mika — mika is an accounting solution firm that offers monthly bookkeeping, payroll, invoice management, and financial planning services.
  • allO — Discover the best all-in-one restaurant system to manage operation and delight guests.
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Polaris
VC Fund · Singapore, Central Region, Singapore · 1 investments in Iceland Financial Services startups

GB Helios is a one-stop financial institution trusted for factoring, property loans, equipment leasing, hire purchase and more. Fill the form to learn more.

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Investment focus

  • Industry: FinTech, Finance, Payments
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Iceland, Singapore, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Eezee — Singapore’s first & largest industrial marketplace that connects local suppliers to corporate clients, leveraging technology to help both parties make informed decisions.The company offers a secure platform for buyers and sellers to transact.Our aim is to improve the efficiency of business to business (B2B) transactions. We do this byensuring that the process of selecting and purchasing your supplies becomes quicker, more convenient and transparent. We support local suppliers in establishing their presence online, enabling them to be discovered by corporate organisations.
  • Memento Payments — Easily embed cards into your application or deploy a new & extendable card application in your brand
  • Zero Motorcycles — Manufacturer of 100% electric motorcycles for the street and dirt.
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Magnús Steinarr Norðdahl
Angel · 1 investments in Iceland Financial Services startups

Magnús Steinarr Norðdahl is a individual investor.

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Investment focus

  • Industry: FinTech, Finance, Payments
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Memento Payments — Easily embed cards into your application or deploy a new & extendable card application in your brand
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Frumtak Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Financial Services 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 initial ticket size usually ranges from €1 million to €3 million.

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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.
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Financial Services Investor funding in Iceland at a glance

Stats across 17 deals from 25 investors.

25
investors
in Iceland Financial Services startups
17
deals
in Iceland Financial Services startups
$1.6M
median round
in Iceland Financial Services startups
36%
lead investors
lead at least one round
35%
Grant
most common funding stage
76/24
VC / Angel
share of investor count

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