Top 10 Internet Startup Investors in Iceland in December 2024

Last updated: Dec 2024 A list of 10 angel investors and VC (Venture Capital) funds that invest in Internet startups based in Iceland. We rank investors based on the number of investments they made in Internet companies from Iceland. We update this investor list every month.

Top 10 Internet Startup Investors in Iceland in December 2024

Investor	Internet Iceland investments
New Business Venture Fund	5
Frumtak Ventures	4
Brunnur Ventures	2
Sukna Ventures	1
Crowberry Capital	1
Menlo Ventures	1
Jon S. von Tetzchner	1
Innoport	1
Riverstone Ventures	1
Two Ravens	1

Find investors that fund startups like yours. Automatically.

Our algorithm will find investors that invest in your industry, stage, and geography.

Investor list

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.

Investment focus

Software, Health Care, Medical
Seed, Funding Round, Series A
Iceland, United States, China

Portfolio highlights

HorseDay — HorseDay is a mobile application to track horse activities.
Spectaflow — Spectaflow is a SaaS solution for accommodations businesses focused on improving housekeeping and maintenance workflows
PayAnalytics — PayAnalytics, a leading pay equity and workforce analytics solution, aids companies in closing pay gaps and fostering workplace equity. Ensure compliance with pay transparency regulations, assess wage disparities, and analyze workforce demographics conveniently.

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.

Investment focus

Software, Information Technology, Enterprise Software
Seed, Funding Round, Series A
Iceland, United States, United Kingdom

Portfolio highlights

PLAIO — The only AI-assisted decision-making platform developed for pharmaceutical manufacturing
Moombix — Join us for the launch of our advanced learning platform for online music lessons
Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.

Brunnur Ventures is a top venture capital firm in Iceland for startups with high-growth potential.

Investment focus

Software, SaaS, Gaming
Seed, Series A, Funding Round
Iceland, United States, Denmark

Portfolio highlights

AviLabs — AviLabs specializes in software development in aviation.
Laki Power — We supply power grid operators with advanced high-voltage line monitoring stations that enable them to optimise performance, safety and cost.
Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.

Sukna ventures is a venture studio and fund based in Saudi Arabia.

Investment focus

Financial Services, FinTech, Information Technology
Seed, Funding Round, Series A
Saudi Arabia, United States, United Arab Emirates

Portfolio highlights

MoneyHash — MoneyHash provides access to payment and fintech services across the Middle East & Africa with one simple integration.
Octa — Octa is a one-click automated system for collecting invoices that ensures timely payment to business-to-business firms.
Hefring Marine — Hefring Marine's on-board AI saves fuel consumption, significantly reduces carbon emissions and improves safety in boats and vessels through our real time sea navigation guidance for both manned and unmanned vessels.

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.

Investment focus

Software, Gaming, Health Care
Seed, Series A, Pre-Seed
Iceland, Denmark, Finland

Portfolio highlights

Tiimo — Tiimo helps you manage your daily life and improve your wellbeing. Visualize your day. Improve your routines. Stress less.
Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.

Menlo Ventures is a Bay Area venture capital firm that pursues companies with the potential to disrupt huge markets. We invest in all stages, across consumer, enterprise, and healthcare technologies.

Investment focus

Software, Information Technology, Enterprise Software
Series B, Series A, Series C
United States, Canada, Brazil

Portfolio highlights

Sana — Sana is an AI company building the next generation of knowledge tools. Designed and engineered in Stockholm, Sweden.
New Lantern — New Lantern provides cutting-edge AI-powered cloud-native PACS solutions for healthcare providers, enabling faster and more accurate radiology diagnostics.
Relyance AI — Full visibility and proactive data protection. Know how data moves through your code base, infrastructure, and third-party vendors. Learn more.

Jon von Tetzchner is co-founder and CEO of Vivaldi Technologies, the company behind the Vivaldi web browser and other services for the web’s most demanding and savviest users. He co-founded Opera Software where he served as CEO for 15 years. Jon steered Opera from a small basement nook shared into a global company with more than 900 employees in 13countries.Under his leadership, Opera was an early pioneer in mobile web browsing and more than 350 million people used Opera to enjoy the web on their terms. Jon is now steering Vivaldi which was came out with its final version in April 2016. He and his team are making a personal and a feature – rich browser that takes into consideration the needs of every user. Vivaldi is self-funded and aims to be this way where the employees hold equity.

Investment focus

Travel, Tourism, Search Engine
Seed
Iceland

Portfolio highlights

Dohop — Dohop is an award-winning technology provider founded in Iceland with 15 years’ experience in developing innovative solutions in the field of aviation and travel. Its core technology is focused on creating connecting itineraries. Being at the forefront of digital innovation in the field of interline technology, Dohop has developed solutions forforward-thinking airlines, alliances, and airports all around the globe, including easyJet, Transavia, Eurowings, Jetstar Group, Gatwick Airport, and SkyTeam.

We invest in innovative and high-potential startups.We focus on the global maritime and logistics sectors.We are striving to find disruptive technologies and business models.