Top 10 Food and Beverage VC Funds & Investors in Iceland (July 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.
• High Time Foods — High Time Foods provides shelf-stable and moldable plant-based meat alternatives to foodservice operators. Their first product is a plant-based chicken alternative that does not require refrigeration. The product is moldable and can be used in any cuisine as a substitute for chicken.

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 — Leading the transition to a harmless seafood system by serving healthy vegan seafood for everybody to truly enjoy.
• Cultimate Foods — At Cultimate, we are transforming the flavor and aroma industry with natural innovative ingredients.

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.

Portfolio highlights

• GeoSalmo — GeoSalmo offers food and beverage items.

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

• Good Good — Good Good emphasizes on online sales.

Portfolio highlights

• Eat Just — Made from plants
• 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

• 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.
• Sea6 Energy — Sea6 Energy is a platform that utilizes the unlimited potential of the oceans in a sustainable and ethical way. It visualizes a future where the abundant oceans will be the biomass farms of the future, to provide solutions in energy, agriculture, and food.Sea6 Energy has a team of professionals from diverse fields like industrial automation,plant pathology, ocean engineering, bioprocess engineering, marine biology, and aerospace engineering, with the goal of building a whole new economy based on marine biomass.It develops technologies to convert biomass into biofuel, plant growth stimulants, plant defence products, animal feed ingredients, and other bio-renewable products to replace chemicals and plastics, effectively creating a Bio-refinery out of marine biomass, churning out a whole variety of products leaving nothing to waste.Sea6 Energy was founded on 2010 and is headquartered in Bangalore, India.
• 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.

Portfolio highlights

• MYCL | Mycotech Lab — Mycotech is a mining company which deals on future bio-material with agricultural waste to empower farmers. Starting business since 2012 as mushroom gourmet producers, our team realize that mushroom can save the world. After one year growing mushroom medium, we found mushroom grown bag are become harden and hard to breakdown. Since then weinitiate a research to develop this kind of phenomenon from our kitchen by borrowing mom’s pressure cooker. Luckily we don’t have to break many mom’s kitchen tools after had a full access to mycology lab of Indonesian government owned research agency and world class laboratories in Singapore and Switzerland. Since then, the company is developing this material from scratch from lab scale into pilot scale. Our mission is to deliver sustainable material from renewable resources with affordability.
• 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!