Top 20 Internet Startup Investors in Iceland (September 2026)

Portfolio highlights

• Sowilo — Sowilo created Catecut, a platform-agnostic technology that leverages artificial intelligence to detect fashion products and design elements in store product photos.
• Sundra — Sundra turns the materials you already have into structured training courses in hours, then delivers them in 70+ languages. Built for HR and L&D teams.
• Arcana Bio — ArcanaBio is developing realtime biosurveillance solutions that minimize workplace disruptions and support health & wellness

Portfolio highlights

• Optise — Optise is the self-improving B2B website platform that automatically ships data-driven improvements every week so you get more leads and customers without becoming a website expert.
• MyDello — Get instant quotes for all transportation modes. Enter a new era of freight forwarding with the MyDello logistics platform. Sign up for free
• Euler — Euler is a software company focused on addressing the issue of build-to-build and machine-to-machine variability in metal additive manufacturing (AM).

Portfolio highlights

• Axelyf — Building Next-Generation RNA-LNP Therapeutics: experienced drug developers with distinctive technologies - for partners, programs and patients
• AviLabs — AviLabs specializes in software development in aviation.
• Ghostlamp — Ghostlamp enables brands and agencies to create on-demand micro influencer campaigns, anywhere in the world via the use of an online self-serve platform.

Portfolio highlights

• Flend — Egypt’s first tech enabled, data driven financing solutions platform dedicated to small businesses.
• Anecdote —
• InfiniLink — Empowering Hyperscale Datacenters Building Energy-Efficient Ultra-High-Speed Connectivity Solutions

Portfolio highlights

• Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
• SNERPA Power — SNERPA Power develops intelligent energy services.
• Augmented Hearing — Read more about danish audiology scale-up Augmented Hearing, driving the world's most ambitious audiology solutions and innovations.

Portfolio highlights

• 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.

Portfolio highlights

• Odeal — Oedeal is a developer of an app designed for companies to take payments via mobile. With the help of the company's platform, shops can do away with cash registers and accept payments from customers using tablets, smartphones, or point-of-sale devices, allowing them to finish their purchases right away. Making it simpler for all entrepreneursto access financial services is central to their mission of boosting the competitiveness of both enterprises and the nation.
• Fanbase — Fan engagement software built for the business of sport. Launch digital ticketing, memberships, hospitality packages in a matter of hours.
• Flow — Flow is FinTech 3.0: It let's you automate payments between your bank accounts and wallets. Based on triggers and actions you can transfer your money automatically to the accounts you choose. Use Flow to automate a budgetting system, your investing, buying crypto or to distribute your money the way you like it. Where the previous generationpayment companies needed to build and maintain expensive payment rails, Flow focusses on leveraging Open Banking. People trust Flow to help with their cashflow automation.

Portfolio highlights

• Solid Clouds — Solid Cloud Games ehf. develops cross-platform gaming solutions. Solid Clouds aims to be one of the leading MMORTS developers in the world, they are currently developing PROSPER a cross-platform MMORTS game.

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.
• TapTrip — Get set for more innovation, better tech, and more of what your customers want, for less. Discover our eight modules today powered by the core.
• FetchyFox AI — FetchyFox AI is the all-in-one digital infrastructure and AI intelligence platform transforming airport operations, commerce, and passenger experiences.Deployed by leading airports, FetchyFox automates processes, unlocks new revenue streams, and delivers actionable real-time insights across every touchpoint. Our AI Operating System acceleratesdigital transformation and empowers airports of any size to operate smarter, more profitably, and with seamless customer satisfaction.Our modular platform includes:- Commercial Ecosystem Management, Yield Managment & Dynamic Pricing: Drive non-aeronautical revenue by digitizing and optimizing concessions, parking, ground transportation, and ride share. Empower stakeholders with real-time data, automated reporting, and actionable AI-driven insights.- Passenger Experience Platform & Digital Marketplace: Create personalized journeys with dynamic menus, smart recommendations, advanced wayfinding, reservations for parking/lounges/accessibility, and frictionless e-commerce—all in one place.- Airport Data Platform (ADP): Unify and activate customer data across digital channels, enabling airports, venues and brands to personalize every experience in real time while remaining fully compliant with global data standards.- Smart Survey & Feedback Automation: Continuously gather, analyze, and act on real-time passenger feedback—no more waiting for quarterly reports.- Merchant Optimization Suite: Equip merchants of all sizes with advanced AI operating solutions to maximize transaction value, conversions, and customer retention, supported by cross-platform analytics and instant insights. Manage locations worldwide at scale.With FetchyFox, airports achieve: 100% increase in productivity 10x faster digital adoption Up to 35% revenue upliftMeasurable gains in passenger satisfaction and operational efficiency.Join the world’s most innovative airports and shape the future of travel with FetchyFox AI.

Portfolio highlights

• Inspirally — Inspirally is a platform for positive & inspirational stories & people who share a passion for unleashing the human, social & emotional capital of women & girls

Portfolio highlights

• Greenqloud — Greenqloud is a software company focusing on our premier software, Qstack.Qstack is a leading Cloud Management Platform (CMP) that has a proven track record of deploying private cloud solutions at scale for both Service Providers and Global Enterprises. Qstack is hypervisor agnostic supporting KVM, VMware, Hyper-V and bare-metal provisioning.With Qstack native hybrid cloud capabilities you can manage both your internal infrastructure as well as your public cloud usage (AWS and Azure).Qstack has a Kubernetes based container and application orchestration layer that allows DevOps teams to easily deploy CD/CI applications and microservices. Companies can safely deliver instant access to a portfolio of cloud resources and leverage on Qstack’s powerful user-interface and EC2 compliant API.Qstack has empowered global enterprises to adopt a true cloud and infrastructure management solution while maintaining full control and cost transparency. Learn more at qstack.comFounded in 2010 in Iceland, the company initially developed, launched and sold public cloud computing services known commonly as infrastructure-as-a-service (IaaS), powered by data centers using 100% renewable energy in Iceland. In 2014 it pivoted to focus solely on Qstack development drawing from its immense experience from running a public cloud for 4+ years with thousands of users from over 80 countries and key components development for open source projects like Apache Cloudstack.

Portfolio highlights

• AeroScout — Maximize safety for employees, and increase productivity and efficiency across your operations.
• Talari Networks — Create new digital experiences with 5G and IoT business models. Let us show you how with our suite of cloud applications and network infrastructure solutions.
• KeyEye Communications — KeyEye Communications, Inc. went out of business. KeyEye Communications, Inc., a fabless semiconductor company, provides connectivity solutions on structured copper twisted pair cables. It offers 10Gbps Ethernet transceivers that deliver 10GBASE-T connectivity over data center cable reaches. The company was founded in 2001 and is headquarteredin Sacramento, California. KeyEye Communications, Inc. has product design centers in San Jose, California; and Minneapolis, Minnesota.

Portfolio highlights

• Secro — Digitize Negotiable Documentary Workflows , Improve Compliance , Manage Risks , All Commodities & transportation Modes With One Secure Platform Low-code SaaS to digitize & automate key trade documents. Ensure clarity before you commit with a guided process. Adapts to your...
• Portcast — Our solution improves your supply chain resilience and profitability by accurately predicting arrival times and monitoring valuable container shipments around-the-clock.
• 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.

Portfolio highlights

• LAXEY — LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.
• Kaldvik — Kaldvík is a fishing company specializing in sustainable salmon farming. The company focuses on environmental responsibility, with an emphasis on eco-conscious practices, community engagement, and advanced salmon welfare management. Their operations are free from antibiotics and salmon lice, ensuring high-quality, ethically sourced products.
• First Water — First Water is revolutionizing the salmon farming industry with its innovative approach to sustainable aquaculture. Founded in 2017, the company set out with a clear vision: to produce high-quality salmon while minimizing environmental impact and leading the way in responsible seafood production.

Portfolio highlights

• Porelio — Porelio is an environmental technology that provides purification technologies for water and industrial chemicals.
• ATMOS Space Cargo — ATMOS Space Cargo develops and manufactures space capsules to return cargo from space, microgravity experiments, Commercial products to entire rocket stages.
• InSpacePropulsion Technologies — Cost-effective, robust, and quickly available propulsion solutions, based on 10+ years of R&D and 40 years of combined experience in space propulsion.

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.

Portfolio highlights

• Aavalynx — Legal tools stop at making lawyers faster. Aavalynx goes further: we help in-house teams, funders and law firms advising them resolve disputes sooner, at lower cost, and with full control.
• Coworked — Making enterprise change as seamless as day-to-day operations with Harmony, the headless-Al project manager. #ProjectManagement #AIProjectManagement
• Outfox Health — AI copilots answer benefits questions instantly. Lower costs without changing carriers. Launch in under 30 days.

Portfolio highlights

• Inspirally — Inspirally is a platform for positive & inspirational stories & people who share a passion for unleashing the human, social & emotional capital of women & girls
• Abler — Abler brings simplicity to the complexities of team management. With easy scheduling, messaging, payment, and data tools, Abler empowers users to spend more time cultivating the essential life skills and values learned through sports and other organised activities.

Portfolio highlights

• Pimloc — Pimloc's deep learning platform enables private businesses and public organisations to protect sensitive or personal data in video, to maintain safe online environments and to manage video security.
• Milvus Advanced — Our Midas-touch alloys replicate the functional properties of platinum-group metals at a fraction of the cost.
• Labrys Technologies — Visualise & Coordinate Your People. Securely. Anywhere. In Real-Time.

Portfolio highlights

• 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.