Top 10 Food and Beverage Startup Investors in Iceland (August 2026)

Portfolio highlights

• Propel Foods — Startup that creates plant-based and hybrid protein through technology.
• Peruvian Veef — Peruvian Veef is an offline and online store that offers real burgers, grilled seitan, crispy cravings, and vegan nugget products.
• Atlantic Fish Company — Atlantic Fish Co is a cultivated seafood company using cellular agriculture to bring the world sustainable delicious seafood.

Portfolio highlights

• Loki Foods — We're producing sustainable, plant-based foods from the Arctic. Iceland’s first plant-based cod and seafood!
• Esports Coaching Academy — Esports Coaching Academy, the leading platform for youth esports training, education, and certification. Our academy offers top-quality courses, exercises, training sessions, and certifications.

Portfolio highlights

• Opalia — Opalia is introducing a new era of dairy: functional, delicious, and sustainable dairy made from mammary cells.
• Hooked Foods — Hooked Foods is working on a plant-based tuna substitute. By serving delicious plant-based seafood for everyone to enjoy, the company is leading the transition to a healthier seafood ecosystem. The company was established in 2019 and is headquartered in Sweden.
• Cultimate Foods — At Cultimate, we are transforming the flavor and aroma industry with natural innovative ingredients.

Portfolio highlights

• TESOLLO — TESOLLO develops robot and motion presenter products.
• H&B Asia — H&B Asia specializes in sourcing, importing, and distributing fresh fruits and agricultural products. The company works closely with global growers and suppliers to bring high-quality produce into the Korean market. It focuses on building strong partnerships, ensuring consistent supply, and supporting efficient logistics across the fooddistribution value chain.
• ACT-ion Battery Technologies — ACT-ion is pioneering a transformative approach to battery material manufacturing, specializing in advanced lithium battery cathode active materials (CAMs). Our innovative, clean, and efficient continuous process revolutionizes production, driving cost savings and enhanced performance for the energy

Portfolio highlights

• Eat Just — Plant protein with clean ingredients. Better for the people & the planet.
• Rebellyous Foods — Rebellyous Foods makes crispy, juicy, 100% plant-based nuggets. Your guests will love the taste. Your team will love the simplicity. Get Rebellyous with us!
• UNCAGED Innovations — What if we could make leather without the animal? We are a biomaterials company combining the power of nature and technology to reimagine leather.

Portfolio highlights

• GOOD GOOD — Good Good emphasizes on online sales.

Portfolio highlights

• Ace Aquatec — Ace Aquatec is specialises in acoustic marine mammal deterrents and humane electrical fish stunning equipment. Our markets are aquaculture, off-shore construction / demolition and fishermen.The US3 is the latest model of acoustic deterrent for the fish farming industry offering data logging, high and low frequency transducers, and sonartriggering. The MMD is offered to the long line fishermen, to offshore platforms engaged in pile driving and government organisations engaged in post oil spillage response. The sophisticated electronics drives marine wildlife to a zone of safety.
• Oceano Fresco — Oceano Fresco develops and produces bivalves varieties with superior performance for shellfish farmers at a competitive cost, respecting environmental sustainability and ensuring consumer safety.They use a multi-disciplinary approach including expertise in molecular biology, genetics, animal physiology, computational biology and intellectualproperty to select value adding traits to shellfish farmers and contribute to the sustainability and profitability of the aquaculture industry.They work with hatcheries, nurseries and research centers in order to test and validate their solutions and ensure that they suit the specific needs of each customer, in each technical and environmental context.
• Kuehnle Agrosystems — Kuehnle AgroSystems curates a unique set of algae originating from pristine waters and ecosystems of Hawaii, as well as tropical botanical accessions representing plants prized by Polynesian voyagers.

Portfolio highlights

• GeoSalmo — Sustainable land-based farming of salmon in arctic Iceland. Renewable resources and the cleanest water in the world produce arctic superfoods.

Portfolio highlights

• MYCL | Mycotech Lab — MYCL | Mycotech Lab is a mining company that deals in future bio-material with agricultural waste to empower farmers.
• Bucha Bio — Bucha Bio creates a novel biomaterial grown from infinitely renewable bacterial-nanocellulose. Strands of natural fibers interlock to form a high-performance textile with a luxuriously soft handfeel. Produced in weeks rather than months or years, use it in premium applications instead of animal leather, polyurethane, latex, vinyl, and so much more.Creating a reliable material is our goal, adding plastics and petrochemicals like PU polyurethane would make it easy, but we’ve never taken the easy way out. Committed to sustainability, Bucha Bio’s team is dedicated to creating a completely biodegradable textile that enables the next generation of designers to create products for a more sustainable future. Our biomaterial is water-resistant, scratch-resistant, sunlight-resistant, flame-resistant, and so many more reasons to test it out in your next product.
• Loki Foods — We're producing sustainable, plant-based foods from the Arctic. Iceland’s first plant-based cod and seafood!

Portfolio highlights

• twig bio — twig bio operates as a bioengineering startup. twig bio using AI and robotics to find sustainable replacements for harmful ingredients.
• Cosaic — Cultivated - Creamy, dairy-free indulgence
• UNCAGED Innovations — What if we could make leather without the animal? We are a biomaterials company combining the power of nature and technology to reimagine leather.