Top 10 Food and Beverage VC Funds & Investors in Iceland (November 2026)

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.
• International Carbon Registry — There is a great need for immediate climate action with tools to mobilize financing for transition to a low-carbon economy and the need grows more urgent by the day. To achieve the goals of the Paris Agreement to limit global warming to 1.5 degrees Celsius, the global community needs to reach net-zero emissions by no later than 2050. The voluntarycarbon market has the potential to significantly accelerate efforts to mitigate climate change and achieve the goals of the Paris Agreement. Investments needed for scaling emerging low-carbon technologies do not meet the risk and return expectations of today’s markets. An effective and adaptable carbon market can facilitate capital flows to these technologies through carbon offsetting mechanisms established on the principles that emerged in initiatives such as Clean Development Mechanism. Carbon credits enable organizations to compensate for emissions by financing the avoidance/reduction of emissions from other sources, or removal of greenhouse gases from the atmosphere and thus contribute to the transition to global net-zero. Carbon credits also support emerging climate technologies and can help scale down costs and introduce these technologies to market earlier by decreasing additional costs against carbon-intensive alternatives. It is thus crucial to identify and support new and expensive technology and to help finance and deploying these solutions now, so that economic development can continue in countries across the world, including those rapidly industrializing today

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

• 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

• 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

• Flexis — Flexis is a system of the integration and the development of corporate information and analytical decision-making systems One of the leading companies of the Russian IT-market, which occupies a leading position in the development of rich applications (RIA) and software for mobile platforms. Headquartered in Moscow, also has five regional offices in Russia, Belarus, Ukraine and in the U.S. (Palo Alto, CA). We specialize in creating high-quality corporate interfaces for top companies in Russia and around the world: Cisco Systems, Gazprom, Lukoil, Rosatom, Deutsche Bank, Procter and Gamble, as well as for a variety of government organizations.
• GOOD GOOD — Good Good emphasizes on online sales.

Portfolio highlights

• twig bio — Bringing stability and innovation to global supply chains
• 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

• 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.
• GMI Cloud — Run production AI workloads on GMI Cloud. Deploy serverless inference, dedicated GPU clusters, and bare metal AI infrastructure on one scalable platform.
• ACT-ion Battery Technologies — ACT-ion Battery Technologies is a manufacturing company that offers cathode active materials for lithium batteries.

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

• 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

• 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.