# Top 20 Health Care VC (Venture Capital) Funds in Iceland in June 2026 ## New Business Venture Fund - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 9 - Stages: Seed, Series A - Focus: Software, Health Care, Medical 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. ## Frumtak Ventures - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 4 - Stages: Seed, Series A - Focus: Software, Information Technology, SaaS 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. ## Novator - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 3 - Stages: Series B, Series C - Focus: Software, E-Commerce, Online Games Novator is an alternative investment firm founded and led by the international investor and entrepreneur Thor Bjorgolfsson.Novator's investment portfolio is focused around following sectors: Telecommunications, Pharmaceuticals, IT and Renewable Energy. In addition, Novator operates a Private Equity Fund and a Credit Opportunities Fund.Novator focuses on developing strong management teams in each of its portfolio companies.  While granting them the autonomy to create value, Novator maintains a supervisory role, principally through representation on the Boards of its investee companies. Novator differentiates itself from many other private equity companies in concentrating on complex situations, either by virtue of their structure or their cross-border nature. To create value, Novator undertakes the restructuring or "de-risking" of investment opportunities through re-financing, combining acquired assets with existing businesses, through sale to strategic or financial buyers, or through flotation. Novator's investment portfolio is focused around four main sectors:Telecommunications, Pharmaceuticals, IT and Renewable Energy. ## Iceland Venture Studio - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Health Care, B2B We help people grow and build decentralized companies ## Crowberry Capital - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Gaming, Health Care 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. ## Kvika Asset Management - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 2 - Stages: Series A - Focus: Medical, Health Care, Biotechnology Kvika Asset Management manages a broad range of funds including equity funds, bond funds and mixed funds. ## Brunnur Ventures - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, SaaS, Gaming Brunnur Ventures is a top venture capital firm in Iceland for startups with high-growth potential. ## Silfurberg - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 1 - Stages: Series A - Focus: Health Care, Biotechnology, Pharmaceutical Silfurberg is an international venture capital firm that invests in early-stage health care, biotech, and other life science companies. The firm follows up its investments as an active participant in the company and aims all the time to add value to its investments whenever possible. Silfurberg was founded in 2002 and is based in Reykjavík,Iceland. ## ABC Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed, Series A - Focus: Water, Medical, Health Care ABC Ventures operates as an investment firm. ## Asabys Partners - Type: VC Fund - Location: Barcelona, Catalonia, Spain - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Health Care, Biotechnology, Medical Device Asabys Partners is a venture capital firm that invests across the board in human healthcare. The company is active in the health-tech and biopharma industries and aims to invest in Spain and abroad in innovative and transformative technologies. Asabys Partners are motivated by the idea of pushing the boundaries of science and medicine. This is donethrough the sourcing and financing of the most disruptive technologies, and through the collaboration with the best internal and external talents of our industry. ## Flerie Invest - Type: VC Fund - Relevant deals: 1 - Stages: Series A, Series B - Focus: Health Care, Biotechnology, Medical Flerie is an active long-term life science investor, focusing on biotech and pharmaceutical investments globally. ## Probiocon - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Medical, Consulting, Health Care Probiocon is a consulting company offering comprehensive services for pharmaceutical and biotechnological companies. We give advice and support for all kind of corporate development activities (services) needed for biotech and pharma companies, including but not limited to Corporate Financing, Licensing & Partnering, Merger & Acquisition,and Corporate Organisation.Their vision is to provide optimized and cost-effective solutions to the special needs of companies developing biopharmaceutical compounds. ## Yanu Holdings - Type: VC Fund - Relevant deals: 1 - Focus: Health Care, Biotechnology, Medical Device Yanu Holdings is a global investment firm. ## Wellington Partners - Type: VC Fund - Location: Munich, Bayern, Germany - Relevant deals: 1 - Stages: Series A, Series B - Focus: Health Care, Biotechnology, Medical Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich. ## Baliopharm - Type: VC Fund - Location: Jülich, Nordrhein-Westfalen, Germany - Relevant deals: 1 - Stages: Seed - Focus: Medical, Consulting, Health Care Baliopharm AG is a biotechnology company focusing on the development of novel therapeutics for the treatment of autoimmune diseases like rheumatoid arthritis, Crohn`s disease, psoriasis and multiple sclerosis, and for cancer. ## Dr. Agon - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Pharmaceutical Dr. Agon ## Idunn venture fund - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 1 - Stages: Seed - Focus: Pharmaceutical Idunn Venture Fund, a venture capital fund managed by Kvika Asset Management. ## BioInnovation Institute - Type: VC Fund - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 1 - Stages: Convertible Note, Pre-Seed, Debt Financing - Focus: Biotechnology, Medical, Health Care BioInnovation Institute is a biotechnology startup that offers entrepreneurs and researchers in life science. Early-stage life science start-ups are supported with up to 10 million DKK in funding, business acceleration, network, labs, and office space. It helps to early-stage start-ups within human health and planetary health. The startup'smission is to use its knowledge, network, funding, and infrastructure to incubate world-class life science and catalyze the commercialization of new solutions through start-ups.BioInnovation Institute was founded in 2018 and is based in Denmark. ## TM - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 1 - Focus: Health Care, Biotechnology, Medical Device TM is a company that provides all insurance and damage related services through call, online chats & emails. ## Silicon Valley Bank - Type: VC Fund - Location: Santa Clara, California, United States - Relevant deals: 1 - Stages: Debt Financing, Series B, Series A - Focus: Software, Health Care, Biotechnology Silicon Valley Bank is the financial partner of the innovation economy; helping individuals and investors in the innovation ecosystem achieve extraordinary outcomes.