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Top 30 Media (Entertainment) Startup Investors in Iceland (October 2026)

The most active venture capital funds and angel investors investing in Iceland Media (entertainment) startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Iceland Media (entertainment) startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
New Business Venture Fund
VC Fund
7 Iceland, United States, China Seed, Venture - Series Unknown Software, Health Care, SaaS $400k–$3.8M
Brunnur Ventures
VC Fund
5 Iceland, United States, Japan Seed, Series A, Venture - Series Unknown Software, SaaS, Gaming $800k–$16M
Crowberry Capital
VC Fund
3 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $400k–$17M
Shanda Group
VC Fund
2 United States, China, Israel Seed, Series A, Pre-Seed Artificial Intelligence, Software, Health Care $100k–$44M
Reaktor Ventures
VC Fund
2 Finland, Germany, United States Seed, Pre-Seed, Series A Software, Internet, Health Care
Inventure
VC Fund
2 Finland, Sweden, Denmark Seed, Series A, Series B Software, Information Technology, Health Care
Nordic Ignite
VC Fund
2 Norway, Iceland, Sweden Pre-Seed, Angel SaaS, Travel, Content
Sisu Game Ventures
VC Fund
2 Finland, United States, France Seed, Series A, Pre-Seed Gaming, Video Games, Software $112k–$38M
Birgir Ragnarsson
Angel
1 Iceland, Jersey, Germany Series B, Seed, Series A Medical Device, Art, Legal $738k–$55M
Jon Slimak
Angel
1 United States, Germany, Iceland Seed, Series A, Series B Machine Learning, Artificial Intelligence, Art
Luminar Ventures
VC Fund
1 Sweden, Norway, United States Seed, Series A, Pre-Seed Software, Information Technology, SaaS $420k–$21M
Frumtak Ventures
VC Fund
1 Iceland, Estonia, United States Seed, Venture - Series Unknown Software, Information Technology, SaaS $974k–$14M
Beatrice Aliprandi
Angel
1 Turkey, Denmark, Germany Seed, Pre-Seed, Series A Health Care, Art, Gaming $2.2M–$7.5M
Nick Gatfield
Angel
1 France, Iceland, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Media and Entertainment, Apps, Music $111k–$2M
Ivar Kristjansson
Angel
1 Iceland Series A Audio, Music, Brand Marketing
Mika Salmi
Angel
1 United States, United Kingdom, Germany Seed, Series A Gaming, Online Games, Media and Entertainment $1.2M–$30M
David Helgason
Angel
1 United States, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Artificial Intelligence $242k–$30M
Iceland Venture Studio
VC Fund
1 Iceland, United States, India Seed, Pre-Seed, Angel Software, Health Care, SaaS $500k–$3M
Menlo Ventures
VC Fund
1 United States, Canada, Sweden Series B, Series A, Series C Software, Artificial Intelligence, Information Technology $6.3M–$120M
Technology Development Fund
VC Fund
1 Iceland, United States, United Kingdom Grant, Seed Software, Health Care, Information Technology $54k–$7M
Thor Fridriksson
Angel
1 Iceland Seed, Angel Sports, Publishing, Social Media
Founders Ventures
VC Fund
1 France Seed Software, Blockchain, Agriculture
Rahul Vohra
Angel
1 United States, Canada, Germany Seed, Series A, Series B Software, Information Technology, Health Care $1.2M–$298M
Hilmar Petursson
Angel
1 Iceland, United States, United Kingdom Seed, Series A, Venture - Series Unknown Online Games, Software, Video Games $780k–$25M
whynow
VC Fund
1 Iceland Seed Apps, Music
Hermann Kristjánsson
Angel
1 Iceland Seed Hardware, Software, Photography
Charles Huang
Angel
1 Taiwan, Iceland Seed, Series B Apps, Music, Computer
Hermann Kristjánsson
Angel
1 Iceland Seed Hardware, Software, Photography
Hilmar Veigar Petursson
Angel
1 Iceland, United States, United Kingdom Seed, Series A Online Games, Software, Video Games
Bing Gordon
Angel
1 United States, India, Canada Series A, Series B, Series C Gaming, Social Media, Internet
Access all 35 investors in Iceland Media (entertainment) startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

New Business Venture Fund
VC Fund · Reykjavík, Gullbringusysla, Iceland · 7 investments in Iceland Media (entertainment) startups

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.

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Venture - Series Unknown
  • Geography: Iceland, United States, China

Investor stats

  • Total investments: 44
  • Round size: Seed $400k–$2.6M; Venture - Series Unknown $1.2M–$3.8M
  • Lead/follow: 61% lead, 39% follow

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
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Brunnur Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 5 investments in Iceland Media (entertainment) startups

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

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Investment focus

  • Industry: Software, SaaS, Gaming
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Iceland, United States, Japan

Investor stats

  • Total investments: 33
  • Round size: Seed $1M–$5.3M; Series A $1.5M–$16M; Venture - Series Unknown $800k–$3M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: May invest from a new fund soon — raised $65M in 2021

Portfolio highlights

  • Axelyf — Building Next-Generation RNA-LNP Therapeutics: experienced drug developers with distinctive technologies - for partners, programs and patients
  • AviLabs — AviLabs is revolutionizing how airlines handle disruptions. By combining industry expertise with cutting-edge, passenger-first solutions, we empower airlines to reduce disruptions, enhance the customer experience, and optimize operations.
  • 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.
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Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 3 investments in Iceland Media (entertainment) startups

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.

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Investment focus

  • Industry: Software, Gaming, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Iceland, Denmark, Finland

Investor stats

  • Total investments: 52
  • Round size: Seed $1.6M–$4.4M; Pre-Seed $400k–$1.3M; Series A $5.7M–$17M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2021

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.
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Shanda Group
VC Fund · Menlo Park, California, United States · 2 investments in Iceland Media (entertainment) startups

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.

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Investment focus

  • Industry: Artificial Intelligence, Software, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 42
  • Round size: Seed $839k–$11M; Pre-Seed $100k–$750k; Series A $5.6M–$44M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • MiroFish — The World's First Open-Source Swarm Agent Prediction System. Web: https://t.co/F7gQDy0yXO Github: https://t.co/9MhcLAIs7N Discord: https://t.co/wCnMAT2I8f IG: @mirofish_ai
  • Buildroid — Buildroid is a robotics company that develop a humanoid robot for construction purpose. Buildroid AI bringing robotics and AI to the construction site.We transform active job sites by integrating specialized robots directly into contractor workflows. Our AI platform connects BIM models with real-world execution through Digital Twin simulations andproprietary orchestration software. We’re partnering with developers, contractors, and government bodies to bring robotics to large-scale projects. Only a few pilot slots remain for 2025 — contact us today to reserve yours and receive a tailored ROI calculation.
  • Trener Robotics — Trener Robotics develops AI software that enables industrial robots to operate autonomously, adapt to variability, and deploy faster in manufacturing.
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Reaktor Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Iceland Media (entertainment) startups

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.

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Investment focus

  • Industry: Software, Internet, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Germany, United States

Investor stats

  • Total investments: 54
  • Lead/follow: no public data

Portfolio highlights

  • Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
  • Swappie — Buy refurbished iPhones at an affordable price - Swappie offers refurbished and cheap iPhones with a free 12-month Swappie warranty.
  • Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Iceland Media (entertainment) startups

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

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, Denmark

Investor stats

  • Total investments: 144
  • Lead/follow: no public data

Portfolio highlights

  • Leya AI — Feel and sound like an English native in 3 months
  • Steep — Business intelligence for modern companies. Steep lets anyone on your team stay on top of your data.
  • Reveel — Say goodbye to paper maps, brochures, and outdated audio guides. Reveel offers digital solutions for destinations such as UNESCO sites, sights, museums, cities, hotels and parks, taking the visitor experience to the next level. Become part of the smart destination movement, enhance the visitor experience, and discover the future of travel.
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Nordic Ignite
VC Fund · Oslo, Oslo, Norway · 2 investments in Iceland Media (entertainment) startups

Dedicated to supporting and investing in innovative startups

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Investment focus

  • Industry: SaaS, Travel, Content
  • Stage:Pre-Seed, Angel
  • Geography: Norway, Iceland, Sweden

Investor stats

  • Total investments: 5
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • 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.
  • Vandre — Vandre - Sustainable workwear lifecycle management
  • Vilje Bionics — 1 in 4 will be affected by a stroke during their lifetime. Many stroke survivors must live with permanently impaired arm and hand function. This significant disability makes them dependent on others for activities in daily life and leads to painful complications such as stiff joints. Vilje Bionics offers the world’s first commercial and mobilerobotic exoskeleton that assists motion in the entire arm. With the help of our smart sensors and unique software, the user controls the movement of the assistive device. The aid is hence not a prosthesis, but an exoskeleton assisting a disabled arm. Our solution transforms dreams into possibilities. We provide a) independence in tasks that require two hands, b) increased energy for hobbies and social activities, c)support of weakened shoulder, without passivizing it, and d) preventing strain injuries and pain due to e.g., contractures and stiff joints.
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Sisu Game Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Iceland Media (entertainment) startups

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.

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Investment focus

  • Industry: Gaming, Video Games, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, United States, France

Investor stats

  • Total investments: 59
  • Round size: Seed $564k–$4.6M; Pre-Seed $112k–$1.2M; Series A $6.3M–$38M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2021

Portfolio highlights

  • Torpor Games — Experiences that challenge and provoke. Suzerain - a fictional political drama set in the 1950s. How will you rule? Out now for PC, Mobile, Xbox, PS & Switch
  • Kinoa Labs — A real-time, AI-powered platform to engage, retain, and monetize mobile game users - launched and updated live, without waiting on development.
  • Antihero Studios — Games Worth Sharing- by former Brawl Stars, Clash Royale and Candy Crush devs.
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Birgir Ragnarsson
Angel · London, England, United Kingdom · 1 investments in Iceland Media (entertainment) startups

Birgir Ragnarsson is the Managing Partner at Novator.

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Investment focus

  • Industry: Medical Device, Art, Legal
  • Stage:Series B, Seed, Series A
  • Geography: Iceland, Jersey, Germany

Investor stats

  • Total investments: 20
  • Round size: Seed $738k–$7.5M; Series A $13M–$20M; Series B $16M–$55M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Numan — Convenient care, tailored to you. Offering treatments for weight loss, diagnostics, erectile dysfunction, hair loss, and more.
  • 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.
  • Quest Portal — Quest Portal is the virtual tabletop for Game Masters who want to boost their storytelling and be confident about the games they run. Create memorable stories, characters and visuals and bring them to your game with ease.
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Jon Slimak
Angel · New York, New York, United States · 1 investments in Iceland Media (entertainment) startups

Jonathan Slimak was co-founder and COO of Alter (also known as Facemoji) acquired by Google in 2022. Before that, he co-founded Ready Makers and was head of Product. Jon is also the founder of Piictu one of the first social photo networks on the. iPhone. Jon has over 12 years of leading Data-driven Product and Design teams - creating consumersoftware specializing in gaming, mobile and social web. He attended Pratt Institute.

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Investment focus

  • Industry: Machine Learning, Artificial Intelligence, Art
  • Stage:Seed, Series A, Series B
  • Geography: United States, Germany, Iceland

Investor stats

  • Total investments: 7
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Solsten — 12traits is an AI firm engaged in understanding human behavior in the digital world for powering the future of customer experience.
  • Alter — Alter is an open source, cross-platform SDK consisting of a real-time 3D avatar system and motion capture built from scratch for web3 interoperability and the open metaverse.
  • Quest Portal — Quest Portal is the virtual tabletop for Game Masters who want to boost their storytelling and be confident about the games they run. Create memorable stories, characters and visuals and bring them to your game with ease.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Iceland Media (entertainment) startups

Luminar is one of the most active seed investors in the Nordics, providing experienced seed financing and active operational support.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 70
  • Round size: Seed $960k–$5.4M; Pre-Seed $420k–$4M; Series A $8.3M–$21M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $69M in 2023

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Ivy Interactive — Frictionless Coding with AI
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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Frumtak Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Media (entertainment) startups

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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Venture - Series Unknown
  • Geography: Iceland, Estonia, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $974k–$4.7M; Venture - Series Unknown $1.2M–$14M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: Likely still investing — raised $87M in 2024

Portfolio highlights

  • MyDello — Get instant quotes for all transportation modes. Enter a new era of freight forwarding with the MyDello logistics platform. Sign up for free
  • 50skills — Bring people, information and tools together. 50skills is a hiring system and so much more.
  • Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
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Beatrice Aliprandi
Angel · London, England, United Kingdom · 1 investments in Iceland Media (entertainment) startups

Beatrice Aliprandi - Principal @ Talis Capital

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Investment focus

  • Industry: Health Care, Art, Gaming
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Turkey, Denmark, Germany

Investor stats

  • Total investments: 7
  • Round size: Seed $2.2M–$7.5M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Fuse Games — Based in Istanbul, Fuse Games’ vision is to build mobile games that are loved by wide and diverse player groups. Founded by a team that has strong gaming, growth and execution background, Fuse Games’ initial focus is on developing a MOBA game that includes strong meta elements and innovative ways to create a sense of ownership.
  • Quest Portal — Quest Portal is the virtual tabletop for Game Masters who want to boost their storytelling and be confident about the games they run. Create memorable stories, characters and visuals and bring them to your game with ease.
  • Vinehealth — Best ePRO data collection tool | Digital patient support programmes for cancer patients | Remote PROMs data collection | Real-world studies | Oncology clinical research | Cancer support app | Cancer companion app for patients self-management | Self-reporting tool f
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Nick Gatfield
Angel · London, England, United Kingdom · 1 investments in Iceland Media (entertainment) startups

Nick Gatfield - Co-Founder @ Synchronized

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Investment focus

  • Industry: Media and Entertainment, Apps, Music
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: France, Iceland, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Seed $111k–$2M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Karhoo — Karhoo, the first fully-integrated global booking platform for regulated Taxis and PHVs, is funded by RCI Bank and Services (Groupe Renault). It was reborn and remoulded from the assets of a previous business that learnt the hard way that competing against Uber, Didi and Lyft required a radically different and more collaborative approach tomobility. Now Karhoo remains an independent business contributing to Groupe Renault’s sustainable mobility‑as‑a‑service strategy, which covers connected, autonomous, shared, electric vehicles part of multimodal transport.
  • Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.
  • Synchronized — Synchronized.tv | Maximize the value of your video content in a digital world
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Ivar Kristjansson
Angel · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Media (entertainment) startups

Ivar Kristjansson is the CEO at 1939 Games. He attended Reykjavik University.

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Investment focus

  • Industry: Audio, Music, Brand Marketing
  • Stage:Series A
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ATMO Select — ATMO Select covers all aspects of audio branding for companies and brands. Based on research & development, and years of experience, we analyze the music and sound correlation between a brand and its customer base. Customer demographics and brand information is used to develop an audio branding strategy and detailed music profile report thatwe deliver to our customers across the globe. Headquartered in Iceland, ATMO Select is based as well in Scandinavia, Germany, Benelux and the United States.
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Mika Salmi
Angel · San Francisco, California, United States · 1 investments in Iceland Media (entertainment) startups

Mika is a serial entrepreneur whose work life has been primarily centered on discovering talent and driving new ideas. He has done this in numerous industries and have discovered Grammy, Oscar and Emmy winning artists, created the original online short video company, run the internet’s most popular casual games web sites, built one of the firstsports tracking apps, and pioneered new business models in education.A few examples are the Nine Inch Nails (music), Jason Reitman (film), JibJab (animation), AtomFilms (online video), Shockwave/AddictingGames (games), MadRaces (sports) and the INSEAD San Francisco Hub for Business Innovation (education). he did this as a founder, a CEO, or as a senior executive.Entrepreneurs are Mika's favorite kind of talent, and he enjoys helping them realize their ideas and dreams for their start ups. He has done this working with Accel, Raine, and Sequoia and now leads Lakestar, a top global VC based in Europe.

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Investment focus

  • Industry: Gaming, Online Games, Media and Entertainment
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 16
  • Round size: Seed $1.2M–$7.5M; Series A $1.7M–$30M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Volley — Volley offers the most exciting Alexa games and Google Home games. Check out the available Google Home and Alexa trivia games to partake in the fun!
  • Quest Portal — Quest Portal is the virtual tabletop for Game Masters who want to boost their storytelling and be confident about the games they run. Create memorable stories, characters and visuals and bring them to your game with ease.
  • Wonder Studios — Shaping the Next Era of Storytelling. Founded by @_Xaviercollins_ & @JustinHackney33
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David Helgason
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Iceland Media (entertainment) startups

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.

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Investment focus

  • Industry: Software, Gaming, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Denmark, Finland

Investor stats

  • Total investments: 81
  • Round size: Seed $1M–$8.3M; Pre-Seed $242k–$2.4M; Series A $5.4M–$30M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • ScyAI — Risk intelligence that thinks with you.
  • Noah — API-first stablecoin payments, enterprise-grade compliance and real-time settlements, powered by stablecoin technology.
  • Flow Engineering — Requirements management, made collaborative
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Iceland Venture Studio
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Media (entertainment) startups

We help people grow and build decentralized companies

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Iceland, United States, India

Investor stats

  • Total investments: 14
  • Round size: Seed $500k–$3M; Pre-Seed $950k–$1M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $5M in 2019

Portfolio highlights

  • Soptle — Founded in Sep 2021, Soptle started to establish an integrated technology to the neglected regional FMCG Manufacturers in India with a B2B Retail Commmerce App. It uses tech and data to distribute at scale and use necessary components (existing Distributor/Wholesaler) in the FMCG Supply Chain to build a high growth and profitable business.
  • 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.
  • Expertrons — Expertrons is an upskilling platform that offers advanced training programs | BSFI | HR | Marketing and many more to assure 100% professional success.
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Menlo Ventures
VC Fund · San Francisco, California, United States · 1 investments in Iceland Media (entertainment) startups

Menlo Ventures is a Bay Area venture capital firm that pursues companies with the potential to disrupt huge markets. We invest in all stages, across consumer, enterprise, and healthcare technologies.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series B, Series A, Series C
  • Geography: United States, Canada, Sweden

Investor stats

  • Total investments: 850
  • Round size: Series A $6.3M–$53M; Series B $10M–$100M; Series C $14M–$120M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely actively investing — fresh fund, raised $20M in 2026

Portfolio highlights

  • Entelo — Entelo provides true source-to-hire automation technology alongside best-in-class managed services for a platform that actually focuses on results, not just AI.
  • Mr. Number — Hiya Call ID & app identifies calls you want and blocks the numbers you don't. With call management options like auto blocking, and reverse phone lookup. 153,000+ 5 star app store ratings!
  • Machine Zone — Machine Zone develops mobile games in various genres that include fantasy/RPG/MMO. It offers its games for Android. iPad, iPhone, and iPod Touch platforms. Gabriel Leydon, Halbert Nakagawa, and Michael Sherrill founded Addmired in 2008 that became Machine Zone in March 2012. Its headquarters is in Sunnyvale in California.
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Technology Development Fund
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Media (entertainment) startups

The role of the fund is to support research and development activities, which aim towards innovation in Icelandic industry. The Technology Development Fund is a competitive fund which issues its calls for proposals twice a year.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Grant, Seed
  • Geography: Iceland, United States, United Kingdom

Investor stats

  • Total investments: 318
  • Round size: Seed $300k–$7M; Grant $54k–$370k
  • Lead/follow: 98% lead, 2% follow

Portfolio highlights

  • Orb — Orb's groundbreaking technology is leveraging the latest advances in computer vision and AI for on-site forest assessment with phones, reducing cost by 90% Orb's carbon and biodiversity platform delivers unmatched data and and transparency, maximising value of each carbon credit.
  • LearnCove — LearnCove provides businesses with a modular and easy-to-use training platform for high-quality training across markets and cultures.
  • SNERPA Power — SNERPA Power develops intelligent energy services.
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Thor Fridriksson
Angel · San Francisco, California, United States · 1 investments in Iceland Media (entertainment) startups

Thor Fridriksson is an Internet entrepreneur who founded Plain Vanilla Games in 2010, a mobile game development studio that created the first multi-platform and real-time social trivia engine. Plain Vanilla Games have released high-profile titles that include Twilight QuizUp and Nat Geo QuizUp before launching their hit social trivia game, QuizUp,the biggest trivia game in the world. Born in Reykjavik, Iceland, Thor holds a BS degree from the Reykjavik University and an MBA from the University of Oxford.

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Investment focus

  • Industry: Sports, Publishing, Social Media
  • Stage:Seed, Angel
  • Geography: Iceland

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

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.
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Founders Ventures
VC Fund · Zug, Zug, Switzerland · 1 investments in Iceland Media (entertainment) startups

Founders Ventures primarily invests in startups leveraging AI and blockchain technology.

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Investment focus

  • Industry: Software, Blockchain, Agriculture
  • Stage:Seed
  • Geography: France

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • 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.
  • Irrigeasy — Mobile App for smart irrigation
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Rahul Vohra
Angel · San Francisco, California, United States · 1 investments in Iceland Media (entertainment) startups

Rahul Vohra is based out of San Francisco, California, and is the Founder & CEO of Superhuman.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Germany

Investor stats

  • Total investments: 42
  • Round size: Seed $1.2M–$8.5M; Series A $10M–$21M; Series B $30M–$298M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Double — AI-powered, ledger-integrated close management for accounting firms and teams. Automate manual work, gain real-time visibility, and close the books faster.
  • Lassie — AI that runs the doctor's office.
  • Function Health — Test your whole body and own your health. Function, co-founded by Dr. Mark Hyman, is a lifelong routine of 100+ lab tests for the whole body including thyroid, hormones, fertility, autoimmunity, heart, kidney, liver and more. Lab results direct to you with insights from top doctors.
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Hilmar Petursson
Angel · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Media (entertainment) startups

Hilmar Veigar Petursson is based out of Reykjavík, Gullbringusysla and is the Chief Executive Officer of CCP. Hilmar previously worked at IGI - The Icelandic Game Industry as a Chairman of the Board. Hilmar Veigar Petursson attended University of Iceland.

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Investment focus

  • Industry: Online Games, Software, Video Games
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Iceland, United States, United Kingdom

Investor stats

  • Total investments: 15
  • Round size: Seed $780k–$7.5M; Series A $4.3M–$25M; Venture - Series Unknown $912k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LearnCove — LearnCove provides businesses with a modular and easy-to-use training platform for high-quality training across markets and cultures.
  • Atomontage — Prompt Living 3D Worlds into existence with friends and AI. Stream them to any device. Mod, remix, monetize.
  • Quest Portal — Quest Portal is the virtual tabletop for Game Masters who want to boost their storytelling and be confident about the games they run. Create memorable stories, characters and visuals and bring them to your game with ease.
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whynow
VC Fund · London, England, United Kingdom · 1 investments in Iceland Media (entertainment) startups

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

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Investment focus

  • Industry: Apps, Music
  • Stage:Seed
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.
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Hermann Kristjánsson
Angel · 1 investments in Iceland Media (entertainment) startups

Hermann Kristjánsson

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Investment focus

  • Industry: Hardware, Software, Photography
  • Stage:Seed
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kúla 3D — Making your own 3D images and videos is easy. New devices to watch 3D are popping up, but something is missing: your own personal 3D imagery; your friends and family in three dimensions. Since 2013 Kúla has made solutions for 3D photography with regular camera because they believe everyone should capture their precious moments in 3D. They make 3Dlenses for DSLR cameras and smartphones accompanied by the image processing software Kúlacode.
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Charles Huang
Angel · 1 investments in Iceland Media (entertainment) startups

Charles Huang, founder of the iconic gaming franchise, Guitar Hero.

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Investment focus

  • Industry: Apps, Music, Computer
  • Stage:Seed, Series B
  • Geography: Taiwan, Iceland

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bitmark — An archive of digital property rights infrastructure.
  • Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.
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Hermann Kristjánsson
Angel · 1 investments in Iceland Media (entertainment) startups

Hermann Kristjánsson

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Investment focus

  • Industry: Hardware, Software, Photography
  • Stage:Seed
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Kúla 3D — Making your own 3D images and videos is easy. New devices to watch 3D are popping up, but something is missing: your own personal 3D imagery; your friends and family in three dimensions. Since 2013 Kúla has made solutions for 3D photography with regular camera because they believe everyone should capture their precious moments in 3D. They make 3Dlenses for DSLR cameras and smartphones accompanied by the image processing software Kúlacode.
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Hilmar Veigar Petursson
Angel · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Media (entertainment) startups

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.

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Investment focus

  • Industry: Online Games, Software, Video Games
  • Stage:Seed, Series A
  • Geography: Iceland, United States, United Kingdom

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • Atomontage — Atomontage develops a volumetric graphics and simulation platform that can scale to record-breaking data sets and beyond. The company is headquartered in Wilmington, Delaware.
  • Quest Portal — Quest Portal makes role-play and tell fantastical stories together by means of crafting and creates characters.
  • Netspeak Games — Netspeak Games operates as a zero-crunch studio that develops online multiplayer games. Its first game is a non-violent social MMO, designed to be a fun place to hang out with friends. Players can relax, play, or just get some headspace.
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Bing Gordon
Angel · San Francisco, California, United States · 1 investments in Iceland Media (entertainment) startups

Director at Zume Inc.

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Investment focus

  • Industry: Gaming, Social Media, Internet
  • Stage:Series A, Series B, Series C
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 29
  • Lead/follow: no public data

Portfolio highlights

  • Mino Games — Mino Games is a free-to-play mobile gaming studio that produced the top 50 grossing mobile game Mino Monsters, with over 13 million downloads. We create deeply engaging, widely appealing games for millions of fans. We’re currently building our world class development studio in Montreal.We are a small group of passionate engineers, artists andanalysts with a mission to create games that millions of people all around the world love to play for years. We are funded by the best angel investors, institutional investors, and gaming companies from across the world.Our third and latest game, Cat Game, has already hit the App Store’s Top 100 Grossing Chart in Canada. The game, currently in soft launch, is showing world class key metrics, and we are expecting it to be a global hit when we launch it by February 2019.We are looking today to grow the team and looking for world class ambitious talent to come join us on the journey, to develop and support this newest title into a global success on both iOS and Android, and help us with future projects as we rapidly grow.
  • Quest Portal — Quest Portal makes role-play and tell fantastical stories together by means of crafting and creates characters.
  • Mayhem Studios — Mayhem Studios is a mobile gaming app. It is a arm of mobile premier league.
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Media (Entertainment) Investor funding in Iceland at a glance

Stats across 47 deals from 35 investors.

35
investors
in Iceland Media (entertainment) startups
47
deals
in Iceland Media (entertainment) startups
$300k
median round
in Iceland Media (entertainment) startups
46%
lead investors
lead at least one round
51%
Grant
most common funding stage
54/46
VC / Angel
share of investor count

Access all 35 investors in Iceland Media (entertainment) startups.

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