Top 10 Internet VC (Venture Capital) Funds in Iceland in May 2026

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.

Portfolio highlights

• PLAIO — PLAIO is a web-based SaaS platform intended to help generic pharmaceutical companies to digitize their demand, manufacturing, and purchase planning.PLAIO offers features like visual and capacity planning, advanced constraint/overhead calculations.
• 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.

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.

Portfolio highlights

• Senvo — AI-powered parcel audit platform identifies overcharges, service failures, and damage. Automatically recover shipping costs with 100% transparency.
• Gripp — Gripp Ag revolutionizes farm activity and equipment tracking with a simple yet effective QR code and mobile app that allows users to capture unrecorded events.
• Outfox Health — AI copilots answer benefits questions instantly. Lower costs without changing carriers. Launch in under 30 days.

Portfolio highlights

• Portcast — Our solution improves your supply chain resilience and profitability by accurately predicting arrival times and monitoring valuable container shipments around-the-clock.
• ANNEA — ANNEA help renewable energy companies to reduce OPEX by up to 50% while increasing green energy production by up to 15%.ANNEA provides the next generation of condition-based predictive maintenance and underperformance detection for renewable energy assets. It enables automated drive train vibration analysis, based on cutting edge artificialintelligence, physical modelling, and normal behaviour modelling.Operators receive notifications about future failures up to 12 months in advance, containing detailed information on which component has a problem, the root cause of the problem, and the best time window for repair. Besides, ANNEA detects underperformance of renewable assets and helps to maximise energy production.We optimise operations and maintenance across renewable energy sectors, reducing unplanned downtime and lost profit significantly, making green energy more affordable. Let's accelerate the energy transition together!
• 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

• MoneyHash — Emerging and Global markets first all-in-one flexible payment orchestration and revenue operations platform that covers all of your payment needs. We help you build, optimize, and scale your payment infrastructure at any stage of growth.
• OCTA — OCTA automates accounts receivable, accounts payable, collections, and reconciliation using AI agents. Trusted by 500+ companies to reduce DSO and accelerate cash flow.
• InfiniLink — Empowering Hyperscale Datacenters Building Energy-Efficient Ultra-High-Speed Connectivity Solutions

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

• Vidyo — We’re video-enabling the world. Recognized in the Gartner Magic Quadrant as a leader and a visionary, Vidyo is used by organizations like Google, CERN, Etsy, Philips, Alibaba, Kaiser, DISA and others. We are tackling a huge challenge: to ensure that the world can take advantage of the endless benefits of video chat by making it better than anyother form of communication, whether you are in the office - or far out in the field under challenging bandwidth and wifi conditions.Vidyo makes it easy to embed the most beautiful, resilient and immersive multiparty video chat into any application, on any connected device. In healthcare, banking, IoT, customer engagement, enterprise collaboration, government, field services and more, video chat is revolutionizing - while simplifying - how we communicate. We envision a future in which hospitals, banks, universities, police stations, data centers, manufacturing facilities and all places in between see elegant video chat as the sustainable and intuitive way for humans to better connect with one another - making us more productive while saving tons of time and resources. From Silicon Valley to New York, Europe, Asia-Pacific and beyond, Vidyo is one of the most diverse teams in tech, with hundreds of gifted employees living and sharing their experiences all over the world. We are beyond excited about what we’re building, and believe our mission is just getting started.
• Dedrone — Dedrone is the global leader in anti-drone / counter-drone solutions with the most customers in more countries
• Clerk — With Clerk, you can add beautiful, high-conversion Sign Up and Sign In forms to your React application in minutes.  After signing in, Clerk empowers your users to take control of their account security with multi-factor authentication and device management.If you’ve ever found yourself thinking, “there’s got to be a better way to build auth” -Clerk was built with you in mind.  It truly only takes minutes to add best-in-class authentication experiences to your application - and Clerk’s team is constantly working behind-the-scenes to make them even better.

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.

Portfolio highlights

• Januus — Januus enables cryptocurrency, working to accelerate its adoption by the global financial community. They collects data from around the internet to develop linkages between bitcoin wallets and identities, bridging the blockchain divide.
• Greenjets — Pioneers of bespoke electric jet engines which are quiet, safe and efficient; accelerating the global transition towards a sustainable aviation industry.
• 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.