# Top 50 Startup Investors in Iceland in June 2026

## New Business Venture Fund
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 27
- 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: 24
- 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.

## Brunnur Ventures
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 21
- Stages: Seed, Series A
- Focus: Software, SaaS, Gaming

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

## Crowberry Capital
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 16
- 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.

## Hilmar Veigar Petursson
- Type: Angel
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Online Games, Software, Video Games

Hilmar has been leading CCP Games’ ongoing success and growth since his appointment as Chief Executive Officer in 2004. Under Hilmar’s management CCP’s critically acclaimed science-fiction game EVE Online celebrated an unprecedented ten consecutive years of subscriber growth. In addition, Hilmar has put CCP into the pole position in the VRrevolution by embracing the new technology early. The company released virtual-reality arcade shooter Gunjack for the Samsung Gear VR in 2015, which has been the best-selling game on the platform since launch. And in early 2016 CCP released EVE: Valkyrie, a hotly-anticipated multiplayer spaceship dogfighting shooter built from the ground up for virtual reality, bundled with Oculus Rift pre-orders. EVE: Valkyrie will ship on HTC Vive and PlayStation VR on PlayStation 4 later in 2016. Before his appointment to the CEO position, Hilmar held the title of CCP's Chief Technical Officer, heading the engineering effort required to create the company’s persistent world technology and 3D engine. Prior to joining CCP in 2000, he served as the CTO of SmartVR, an OZ.com spin-off based on that company’s multi-user virtual reality technology following his tenure as the VP of software development for the OZ Studios division of OZ.com.Currently, he is also active on a number of boards and committees relating to Icelandic information technology and innovation. Hilmar has a B.Sc. in Computer Science from the University of Iceland.

## byFounders
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, Health Care

byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.

## Sisu Game Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Gaming, Video Games, Software

Sisu Game Ventures is an early-stage venture capital fund focused 100% on games. We set up shop in 2014 to support the most promising founders in the industry. Sisu has deep roots in the Nordic region, but our network of founders is fully global.The Sisu team consists of Samuli, Paul, Erik, Kalle, Moaffak, Kadri, and Jere - all of whom haveextensive backgrounds in the game industry and startup circles, both as entrepreneurs and investors. We've founded and built sixteen game companies since the early 90s and had several successful exits. Apart from funding companies, the team uses their expertise to act as a studio builder. Individual founders are supported in building their team, honing their product strategy and in gathering the right group of investors.

## Iceland Venture Studio
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 4
- Stages: Seed, Pre-Seed
- Focus: Software, Health Care, B2B

We help people grow and build decentralized companies

## 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.

## Preceptor Capital
- Type: VC Fund
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: FinTech, Computer, Software

Preceptor Capital is an investment firm.

## Arion Bank
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 3
- Stages: Debt Financing, Seed, Post-IPO Debt
- Focus: Farming, Seafood, Mobile

Arion bank offers financial services to companies, institutional investors, and individuals.

## David Helgason
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Gaming, Information Technology

David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen.

## MGMT Ventures
- Type: VC Fund
- Relevant deals: 3
- Stages: Pre-Seed
- Focus: Gaming, Sports, Seafood

MGMT Ventures mission is to support and invest in founders pushing the boundaries of innovation in emerging and future industries.

## Karma Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Software, Artificial Intelligence, FinTech

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

## 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.

## Sigurdur Olafsson
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Sports

Sigurdur Olafsson

## Behold Ventures
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Gaming, Sports, eSports

Behold Ventures is a venture capital fund supporting early-stage video game startups led by passionate entrepreneurs shaping the future of interactive entertainment.

## Tennin
- Type: VC Fund
- Relevant deals: 2
- Stages: Series A

Tennin is an early-stage angel investment firm.

## Saint-Gobain NOVA
- Type: VC Fund
- Location: Courbevoie, Ile-de-France, France
- Relevant deals: 2
- Stages: Seed, Series B, Series A
- Focus: Energy, Software, Construction

Saint-Gobain NOVA is the ventures arm of Saint‑Gobain.

## Slack Fund
- Type: VC Fund
- Location: Daly City, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Internet

The Slack Fund is a venture capital fund that invests in and collaborates with entrepreneurs creating the next great software companies.

## Possible Ventures
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Biotechnology, Information Technology

Possible Ventures backs ambitious teams building frontier technology to positively impact society. We invest globally in the early stages, actively supporting founders via our collective of global entrepreneurs.

## Eyrir Vöxtur
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 2
- Stages: Seed
- Focus: Legal, Legal Tech, Document Management

Eyrir Vöxtur is an ESG fund, which focuses on investing in promising ventures for international growth and value creation. The fund invests in companies that have a positive impact on society and the environment.

## BlueYard Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Internet

BlueYard backs founders building the interconnected elements that can become the fabric of our future.

## Sigþór Sigmarsson
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series D
- Focus: Software, Health Care, Banking

Sigþór Sigmarsson is Finance director at Novato. He attended Háskóli Íslands.

## Silfurberg
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Biotechnology, Medical, Health Care

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.

## Chrysalix Venture Capital
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Energy, Manufacturing, CleanTech

Leading global venture capital fund that invests in resource intensive industries across North America and Europe.

## Shanda Group
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Artificial Intelligence, Software, Biotechnology

Shanda Group is a private investment firm that was founded in 1999 by Tianqiao Chen and Chrissy Luo. The company works across venture capital, private equity, public markets, and real estate, prioritizing investments in the financial services, technology, and healthcare sectors. Shanda has offices in Shanghai, Hong Kong, New York, Singapore andMenlo Park. It invests in innovative companies and great management teams that have the vision and determination to change the world.

## Investa
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: SaaS, Software, Events

Investa is an early stage investor in some of Iceland's most innovative startups. It invests primarily in companies in the technology sector offering products and solutions that have an international appeal.Its policy is to invest in a select few startups and spend a lot of time with them. In addition to investing, the company also providevarious advisory services from time to time to companies, investors and institutions that need help evaluating new opportunities.

## Sustainable Food Ventures
- Type: VC Fund
- Location: Raleigh, North Carolina, United States
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Angel
- Focus: Food and Beverage, Biotechnology, Food Processing

SFV backs globally early-stage founders building leading Future of Food companies that are: #Cell-based #Plant-based #Recombinant

## Reaktor Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Internet, Software, E-Commerce

Reaktor Ventures has moved to the next phase by focusing its efforts to actively supporting current portfolio companies. This means that the fund has ended its investment period and is not investing into new companies. Between 2013 and 2018 we have invested into 42 different companies and one early stage fund. We will naturally keep makingfollow-up investments to current portfolio companies.

## Index Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, E-Commerce, Internet

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

## Silicon Valley Bank
- Type: VC Fund
- Location: Santa Clara, California, United States
- Relevant deals: 2
- 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. 

## Omega ehf
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A, Series D
- Focus: Software, Banking, FinTech

Omega ehf is a private investment vehicle that makes investments in private equity and a variety of ventures.

## Inventure
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Health Care

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

## PROfounders Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Apps

We are PROfounders. We are the proactive European early-stage venture fund.

## Christian Jantzen
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, SaaS, Information Technology

Danish angel investor, based in London.

## Anthony Deighton
- Type: Angel
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Angel
- Focus: SaaS, Software, Productivity Tools

Anthony Deighton is responsible for product marketing and strategy at QlikTech. Most recently, Anthony was the General Manager of Siebel System's Employee Relationship Management (ERM) business unit. Anthony help found the ERM business at Siebel and it grew to over 300 customers, $20 million a year in license revenue, was recognized asSiebel's fastest-growing product line and named Product Line of the Year. Prior to joining Siebel, Anthony worked as a management consultant at A.T. Kearney in Chicago. Deighton holds a bachelor's degree from Northwestern University and an MBA with high distinction from Harvard Business School.

## 1/0 Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

1/0 Capital is a privately held partnership that invests in growth stage companies.

## Capital A Partners
- Type: VC Fund
- Location: Charleston, South Carolina, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, 3D Printing, 3D Technology

venture capital and private equity for early stage businesses

## 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.

## 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.

## Atomico
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Artificial Intelligence, Information Technology

Atomico invests in innovative technology companies around the world.

## 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.

## Soo Boon Koh
- Type: Angel
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Apps, Mobile, Cloud Computing

Soo Boon has over 30 years of global experience in finance and venture capital investing and brings this valuable expertise to each and every investment. She founded iGlobe Partners in 1999, in which the funds sponsor is the Economic Development Board (EDB) of Singapore, the pre-eminent statutory board responsible for enhancing Singapore'sglobal economic and business position. iGlobe Partners also started iGlobe Treasury Fund (NZ$31 million fund) in 2003 as a joint venture with the New Zealand Government.From 1988 to 1999, Soo Boon held executive management positions with Vertex Management Inc., (Vertex), the venture capital arm of Singapore Technologies, managing three funds during her tenure. She established the US operation of Vertex and headed the Silicon Valley office for 9 years, where she was instrumental in the early days of technology transfer for over 100 engineers in Silicon Valley for Chartered Semiconductor and Chartered Microwave. Soo Boon then started Vertex's European operations (headquartered in London, United Kingdom) and ran its European investment operation. As a result of her expertise, she guided numerous successful investments to IPOs, such as Lattice Semiconductor, Creative Technologies, and Activcard SA.Before Vertex, Soo Boon also held various senior management positions in the Treasury and Credit departments in her 12 years of work in the Development Bank of Singapore. Her time there also equipped her with in-depth knowledge of the finance aspect of the venture capital industry. She also headed the International Departments, Credit Division with responsibility for its eight overseas offices and Syndication Department for the Asia-Pacific region.Soo Boon earned her degree in 1973 from King's College, University of London with a Bachelor of Science Degree in Mathematics (First Class Honors). She attended the INSEAD Advanced Management program in 1998.Currently, she serves on the boards of directors of several private companies, including Fortemedia (Nanjing), Telenav Inc., and u-blox AG (SWX:UBXN). Since 2003, she serves on the Investment Committee of iGlobe Treasury Fund, a supported by the New Zealand Government. She is also one of the founding members of the Monte Jade (Singapore Chapter) and an EXCO member of the Singapore Chinese Chamber of Commerce.

## Alfreð Finnbogason
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Sports

Alfreð Finnbogason is a is an Icelandic professional footballer.

## Sigurgeir Gudlaugsson
- Type: Angel
- Relevant deals: 1
- Focus: Health Care, Biotechnology, Medical Device

Sigurgeir Gudlaugsson is the Chief Executive Officer of Genis.

## whynow
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Apps, Music

We bring you the Positive, Powerful and Personal stories from both emerging creatives and established giants in art, fashion, music and entertainment.

## Wonder Investment
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A

Wonder Investment

## Gudjon Valur Sigurdsson
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Sports

Gudjon Valur Sigurdsson is an Icelandic retired handball player and current coach of VfL Gummersbach.

## Aton
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 1
- Stages: Series A
- Focus: Food and Beverage

ATON GmbH is active within companies operating in seminal markets (raw materials, services and applied technology). The ATON companies are mainly active in business to business areas. ATON does not invest in start up businesses. As a rule, ATON is the majority shareholder. Connected to this is the adoption of responsibility for the ATON-ledcompanies.

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