Top 10 Manufacturing Startup Investors in Iceland (July 2026)

Portfolio highlights

• Axelyf — Axelyf is a biotechnology company that offers RNA medicines through safer and more effective lipid nanoparticle delivery.
• 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

• Sundra — Sundra is a translation software that helps HR teams translate their learning content so every employee feels included.
• HorseDay — HorseDay is a mobile application to track horse activities.
• Arcana Bio — ArcanaBio is developing realtime biosurveillance solutions that minimize workplace disruptions and support health & wellness

Portfolio highlights

• Geopyörä Oy — Geopyörä is the state of the art in rock breakage characterization testing and it was developed to allow mining companies to test several samples at low cost for geometallurgical, comminution design and control applications
• General Fusion — General Fusion is developing fusion energy: a clean, safe, abundant and on-demand approach to generating electricity.
• Rithmik Solutions — We increase uptime in mines with advanced analytics that optimize maintenance and extend equipment life.

Portfolio highlights

• Tavion — Tavion is a developer of battery energy storage systems that is expediting Europe's shift to renewable energy. Tavion creates and runs utility-scale BESS infrastructure to improve grid flexibility, stabilize intermittent renewable power, and promote energy independence in European markets.
• CemVision — CemVision is an industrial tech company that has been developing CO2-free cement.
• Helios Innovations — Helios Innovations is an industrial machinery manufacturing industry that develops modular and electrical evaporation plants for water.

Portfolio highlights

• GeoSalmo — GeoSalmo offers food and beverage items.

Portfolio highlights

• Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
• Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
• Augmented Hearing — Augmented Hearing is creating game-changing technology that will be used in fields such as voice assistants, hearing health, environmental noise suppression in phone calls, and many more.

Portfolio highlights

• ShipBob — Ecommerce fulfillment for online stores. ShipBob empowers businesses to offer 2-day shipping and manage inventory, orders, and shipments.
• OROS — NASA inspired thin and super warm outdoor winter jackets and apparel. Great for skiing, snowboarding, trekking, alpine climbing and more.
• Aspen Neuroscience — personalized cell therapy Starts with you Learn More about our technology

Portfolio highlights

• Kopra Bio — Cancer immunotherapy that turns cancer cells into biofactories minting their own destruction.
• Zama — Secure data privacy of your application with the Zama Concrete framework and its fully homomorphic encryption library
• Inherent — Inherent aims to establish the blueprint for AI-native science while investigating the boundaries of scientific inquiry.

Portfolio highlights

• Sortera Technologies — Sortera Alloys manufactures low-cost, high-quality metal alloys for domestic manufacturing using its artificial intelligence technology.
• Multiscale AI — Multiscale Technologies developed an AI platform that accelerates R&D and the discovery of new materials by 100X. The platform digitizes all forms of data (tabular, pdf, simulations etc.) and uses its own unique knowledge fusion platform to connect experiments, simulations, and materials domain expertise to provide predictive analyses andrecommendations for any manufacturing company that does R&D for new materials in their current/future products.
• DTE ehf — DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety.

Portfolio highlights

• Tulipop — The enchanting world of Tulipop, dreamt up by mother of two Signy and brought to market by her best friend Helga, is an original, beautiful and magical children's range unlike any other. Both cuddly and gothic and strongly inspired by forms and colours in nature, the Tulipop world features intriguing characters such as Bubble, a shy and dreamymushroom boy and Gloomy, an adventurous mushroom girl, who loves surprises and cheeky little pranks - challenging gender stereotypes.
• Laki Power — We supply power grid operators with advanced high-voltage line monitoring stations that enable them to optimise performance, safety and cost.
• DTE ehf — DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety.