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Top 15 FinTech Startup Investors in Iceland (October 2026)

The most active venture capital funds and angel investors investing in Iceland FinTech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Iceland FinTech 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
6 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $400k–$17M
Karma Ventures
VC Fund
3 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $549k–$30M
byFounders
VC Fund
3 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $750k–$65M
New Business Venture Fund
VC Fund
3 Iceland, United States, China Seed, Venture - Series Unknown Software, Health Care, SaaS $400k–$3.8M
Preceptor Capital
VC Fund
3 Iceland, United States Seed, Series A FinTech, Computer, Software $2M–$6.1M
Arion Bank
VC Fund
1 Iceland Debt Financing, Seed, Post-IPO Debt Farming, Seafood, Mobile $15k–$148M
Evolution Ventures
VC Fund
1 United States, Canada, Peru Seed, Series A, Series B FinTech, Software, Financial Services $3.1M–$52M
Hof Holdings
VC Fund
1 Iceland Seed FinTech, Blockchain, Financial Services
Iceland Venture Studio
VC Fund
1 Iceland, United States, India Seed, Pre-Seed, Angel Software, Health Care, SaaS $500k–$3M
Frumtak Ventures
VC Fund
1 Iceland, Estonia, United States Seed, Venture - Series Unknown Software, Information Technology, SaaS $974k–$14M
ConsenSys
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $200k–$30M
Polaris
VC Fund
1 Iceland, Singapore, United States Debt Financing, Venture - Series Unknown FinTech, Finance, Payments
Eyrir Venture Management
VC Fund
1 Iceland, United States, Japan Venture - Series Unknown, Pre-Seed, Series A Software, Information Technology, Energy $584k–$17M
Keen Venture Partners
VC Fund
1 The Netherlands, Germany, France Series A, Seed, Series B Software, SaaS, Financial Services $1.5M–$110M
Idunn venture fund
VC Fund
1 Iceland Seed, Venture - Series Unknown Wellness, Education, Health Care
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Investor list

Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 6 investments in Iceland FinTech 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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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Iceland FinTech 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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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Iceland FinTech 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.
  • 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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New Business Venture Fund
VC Fund · Reykjavík, Gullbringusysla, Iceland · 3 investments in Iceland FinTech 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, 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
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Preceptor Capital
VC Fund · 3 investments in Iceland FinTech 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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Arion Bank
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland FinTech startups

Arion bank offers financial services to companies, institutional investors, and individuals.

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Investment focus

  • Industry: Farming, Seafood, Mobile
  • Stage:Debt Financing, Seed, Post-IPO Debt
  • Geography: Iceland

Investor stats

  • Total investments: 8
  • Round size: Seed $15k–$670k; Debt Financing $84M–$148M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • LAXEY — LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.
  • Kaldvik — Kaldvík is a fishing company specializing in sustainable salmon farming. The company focuses on environmental responsibility, with an emphasis on eco-conscious practices, community engagement, and advanced salmon welfare management. Their operations are free from antibiotics and salmon lice, ensuring high-quality, ethically sourced products.
  • First Water — First Water is revolutionizing the salmon farming industry with its innovative approach to sustainable aquaculture. Founded in 2017, the company set out with a clear vision: to produce high-quality salmon while minimizing environmental impact and leading the way in responsible seafood production.
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Evolution Ventures
VC Fund · Cupertino, California, United States · 1 investments in Iceland FinTech startups

Evolution-VC is involved in investments and strategic partnerships to create a global platform that unites leaders, investors & corporates.

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Peru

Investor stats

  • Total investments: 57
  • Round size: Seed $3.1M–$8.5M; Series A $6M–$27M; Series B $16M–$52M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Palla — Palla is a REST API that lets banks empower their customers to request, receive and manage international inward remittances. Its product is built to allow its partners to fully customize the experience within their app and includes tailored reporting to drive customer insights and engagement.
  • Infiuss health — A Jack of all trades in Seattle, the best home repairs, all types of work, plumbing work
  • Synctera — Making it easier for community banks and FinTechs to find their perfect match and work together. Welcome to the new FinTech frontier.
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Hof Holdings
VC Fund · 1 investments in Iceland FinTech startups

Hof Holdings

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Investment focus

  • Industry: FinTech, Blockchain, Financial Services
  • Stage:Seed
  • Geography: Iceland

Investor stats

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

Portfolio highlights

  • Monerium — Making digital currency accessible, secure, and simple to transacts
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Iceland Venture Studio
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland FinTech 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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Frumtak Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland FinTech 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, 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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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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ConsenSys
VC Fund · Zug, Zug, Switzerland · 1 investments in Iceland FinTech startups

Build next-generation apps, launch blockchain-based financial infrastructure, and access the decentralized web with ConsenSys' Ethereum product suite.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 98
  • Round size: Seed $1.2M–$8M; Pre-Seed $200k–$2.7M; Series A $6.5M–$30M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Brix — Tokenized emerging markets yield. Trade the Macro.
  • Shodai Network — The agreement layer for human and AI agents | UI + API + MCP
  • Ethereum Institutional — Accelerating institutional adoption of Ethereum
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Polaris
VC Fund · Singapore, Central Region, Singapore · 1 investments in Iceland FinTech 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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Eyrir Venture Management
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland FinTech startups

Eyrir Venture Management is the venture investment arm of Eyrir Invest, and manages the Eyrir Sprotar venture fund. Eyrir Sprotar focuses on supporting promising ventures for international growth and value creation, investing in seed-stage and early-stage companies. The firm's investment strategy spans all stages of a company´s growth, fromseed capital to funding early-stage companies as well as partaking in international growth.Eyrir Sprotar was founded in 2015 and is based in Reykjavík, Gullbringusysla.

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Investment focus

  • Industry: Software, Information Technology, Energy
  • Stage:Venture - Series Unknown, Pre-Seed, Series A
  • Geography: Iceland, United States, Japan

Investor stats

  • Total investments: 32
  • Round size: Series A $3.4M–$17M; Venture - Series Unknown $584k–$3.3M
  • Lead/follow: 84% lead, 16% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Digiphy — Build QR codes and templated pages to connect directly with customers, capture first-party data, tell your origin story, drive sales, product registration and more.
  • Hedera Dx — With the use of Hedera Dx's liquid biopsy solution, hospital labs will be able to conduct clinically useful liquid biopsies on their own. This will greatly simplify tumor profiling. It is difficult to accomplish IVD compliance, privacy infrastructure, and validation, and even if these challenges are overcome, the current software workflows areinefficient to use and lack key capabilities.Hedera Dx was established on July 1, 2021 in Epalinges, Vaud.
  • Digiphy — Build QR codes and templated pages to connect directly with customers, capture first-party data, tell your origin story, drive sales, product registration and more.
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Keen Venture Partners
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Iceland FinTech 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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Idunn venture fund
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland FinTech startups

Idunn Venture Fund, a venture capital fund managed by Kvika Asset Management.

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Investment focus

  • Industry: Wellness, Education, Health Care
  • Stage:Seed, Venture - Series Unknown
  • Geography: Iceland

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • PLAIO — PLAIO is a web-based SaaS platform intended to help generic pharmaceutical companies to digitize their demand, manufacturing, and purchase planning.PLAIO offers features like visual and capacity planning, advanced constraint/overhead calculations.
  • Kara Connect — Kara Connect is the easiest and most powerful way to get employees access to the support they need, when they need it.
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FinTech Investor funding in Iceland at a glance

Stats across 29 deals from 34 investors.

34
investors
in Iceland FinTech startups
29
deals
in Iceland FinTech startups
$1M
median round
in Iceland FinTech startups
41%
lead investors
lead at least one round
34%
Seed
most common funding stage
82/18
VC / Angel
share of investor count

Access all 34 investors in Iceland FinTech startups.

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