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Top 15 Media (Entertainment) VC Funds & Investors in Iceland (August 2026)

The most active venture capital funds 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, Pre-Seed Software, Health Care, SaaS $299k–$2.6M
Brunnur Ventures
VC Fund
4 Iceland, United States, Denmark Seed, Series A, Angel Software, SaaS, Biotechnology
Crowberry Capital
VC Fund
3 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $400k–$17M
Reaktor Ventures
VC Fund
2 Finland, Germany, United States Seed, Pre-Seed, Series A Software, Internet, Health Care
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$25M
Shanda Group
VC Fund
2 United States, China, Israel Seed, Series A, Pre-Seed Artificial Intelligence, Software, Health Care $100k–$44M
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 $110k–$38M
Bragiel Brothers
VC Fund
1 United States, Finland, Japan Seed, Series A, Pre-Seed Software, Information Technology, FinTech $255k–$68M
whynow
VC Fund
1 Iceland Seed Apps, Music, Media and Entertainment
Founders Ventures
VC Fund
1 France Seed Software, Blockchain, Agriculture
Luminar Ventures
VC Fund
1 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
Frumtak Ventures
VC Fund
1 Iceland, Estonia, United States Seed, Series A Software, Information Technology, SaaS $974k–$20M
Menlo Ventures
VC Fund
1 United States, Canada, Sweden Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $6.3M–$120M
Technology Development Fund
VC Fund
1 Iceland, United States, Japan Grant, Seed Software, Health Care, Manufacturing $52k–$7M
Access all 16 VC funds in Iceland Media (entertainment) startups.

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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, Pre-Seed
  • Geography: Iceland, United States, China

Investor stats

  • Total investments: 42
  • Round size: Seed $400k–$2.6M; Pre-Seed $299k–$520k
  • Lead/follow: 62% lead, 38% 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 · 4 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, Biotechnology
  • Stage:Seed, Series A, Angel
  • Geography: Iceland, United States, Denmark

Investor stats

  • Total investments: 25
  • Lead/follow: no public data

Portfolio highlights

  • Vitar Games — A WW1 Strategy driven Management Game
  • Standby Deposits — Standby Deposits is a rental security deposit replacement based on credit.
  • Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.
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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: 50
  • Round size: Seed $1.6M–$4.4M; Pre-Seed $400k–$1.3M; Series A $5.7M–$17M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — fund raised 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.
  • 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 — Read more about danish audiology scale-up Augmented Hearing, driving the world's most ambitious audiology solutions and innovations.
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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, United States

Investor stats

  • Total investments: 176
  • Round size: Seed $549k–$5.9M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Leetify — We help gamers identify their weaknesses, work on those weaknesses and track their progression.
  • UpCloud — World's fastest cloud servers with a 100% uptime SLA! Sign up for a free trial today.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
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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: 41
  • Round size: Seed $839k–$11M; Pre-Seed $100k–$750k; Series A $5.6M–$44M
  • Lead/follow: 34% lead, 66% 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 — Autonomous steel factories. A new Steel Robotics experience is on the way.
  • 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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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: 58
  • Round size: Seed $576k–$4.6M; Pre-Seed $110k–$1.2M; Series A $6.3M–$38M
  • Lead/follow: 21% lead, 79% 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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Bragiel Brothers
VC Fund · San Francisco, California, United States · 1 investments in Iceland Media (entertainment) startups

Bragiel Brothers is an early-stage venture capital fund that invests in seed and Series A rounds. Dan Bragiel launched the firm in San Francisco, California in 2016.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Finland, Japan

Investor stats

  • Total investments: 77
  • Round size: Seed $1M–$7M; Pre-Seed $255k–$3.8M; Series A $6.7M–$68M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Salmon Labs — Use Salmon to transform your CRM. Effortlessly clean, verify, and enrich your data. with AI capabilities. Keep Your CRM Data Fresh and Dynamic.
  • Assured Health — Streamline healthcare credentialing, licensing & payor enrollment with Assured's all-in-one platform. Automate admin Ops, boost efficiency & manage providers effortlessly.
  • Inspectify — If you are looking to buy or sell a home, Inspectify helps you find the best home inspectors in your area.
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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, Media and Entertainment
  • Stage:Seed
  • Geography: Iceland

Investor stats

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

Portfolio highlights

  • Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.
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Access 48,091 investors

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

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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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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
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 67
  • Round size: Seed $960k–$5.4M; Series A $8.3M–$21M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Ivy Interactive — Frictionless Coding with AI
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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, Series A
  • Geography: Iceland, Estonia, United States

Investor stats

  • Total investments: 41
  • Round size: Seed $974k–$4.7M; Series A $1.2M–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Optise — Optise is the self-improving B2B website platform that automatically ships data-driven improvements every week so you get more leads and customers without becoming a website expert.
  • MyDello — Get instant quotes for all transportation modes. Enter a new era of freight forwarding with the MyDello logistics platform. Sign up for free
  • Euler — Euler is a software company focused on addressing the issue of build-to-build and machine-to-machine variability in metal additive manufacturing (AM).
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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, Information Technology, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: United States, Canada, Sweden

Investor stats

  • Total investments: 721
  • Round size: Series A $6.3M–$60M; Series B $10M–$100M; Series C $12M–$120M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $100M in 2024

Portfolio highlights

  • Lumosity — Challenge your mind with Lumosity, the #1 app with 50+ brain games for memory, math, vocabulary, and more. Start training today!
  • Rover — Connect with 5-star sitters and dog walkers near you who offer dog boarding, dog walking, house sitting, or doggy day care. Book and pay securely.
  • Talari Networks — Create new digital experiences with 5G and IoT business models. Let us show you how with our suite of cloud applications and network infrastructure solutions.
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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, Manufacturing
  • Stage:Grant, Seed
  • Geography: Iceland, United States, Japan

Investor stats

  • Total investments: 112
  • Round size: Seed $300k–$7M; Grant $52k–$410k
  • Lead/follow: 96% lead, 4% 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.
  • 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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Media (Entertainment) VC funding in Iceland at a glance

Stats across 24 deals from 16 investors.

16
investors
in Iceland Media (entertainment) startups
24
deals
in Iceland Media (entertainment) startups
$800k
median round
in Iceland Media (entertainment) startups
75%
lead investors
lead at least one round
54%
Seed
most common funding stage

Access all 16 VC funds in Iceland Media (entertainment) startups.

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