# Top 5 Machine Learning Startup Investors in Iceland in August 2026

## Brunnur Ventures
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 3
- Stages: Seed, Series A, Angel
- Focus: Software, SaaS, Gaming

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

## 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.

## Frumtak Ventures
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 2
- 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.

## Iceland Venture Studio
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Education

We help people grow and build decentralized companies

## Novelis
- Type: VC Fund
- Location: Atlanta, Georgia, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Manufacturing, Machine Learning, Information Technology

Novelis is the leading producer of flat-rolled aluminum products and the world’s largest recycler of aluminum.Novelis is the leading producer of flat-rolled aluminum products and the world’s largest recycler of aluminum. They work alongside their customers to provide innovative solutions to the beverage can, automotive and high-end specialtymarkets.Operating an integrated network of technically advanced rolling and recycling facilities across North America, South America, Europe and Asia, Novelis leverages its global manufacturing and recycling footprint to deliver consistent, high-quality products around the world.A commitment to sustainability is core to their business operations and extends to how they partner with stakeholders across the aluminum value chain. They see tremendous opportunities in continuing to expand the use of lightweight, infinitely recyclable aluminum to help their customers achieve their sustainability goals and provide consumers the environmentally friendly products they enjoy.

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