Top 15 Media (Entertainment) VC Funds & Investors in Iceland (September 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| 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 |
|
Sisu Game Ventures
VC Fund
|
2 | Finland, United States, France | Seed, Series A, Pre-Seed | Gaming, Video Games, Software | $112k–$38M |
|
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 | |
|
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 | $6.5M–$120M |
|
Technology Development Fund
VC Fund
|
1 | Iceland, United States, United Kingdom | Grant, Seed | Software, Health Care, Information Technology | $54k–$7M |
|
Bragiel Brothers
VC Fund
|
1 | United States, Finland, Japan | Seed, Series A, Pre-Seed | Software, Information Technology, Artificial Intelligence | $125k–$25M |
|
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 |
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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.
Show more...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
Brunnur Ventures is a top venture capital firm in Iceland for startups with high-growth potential.
Show more...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 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.
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.
Show more...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: Likely still investing — 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.
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.
Show more...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 $576k–$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.
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.
Show more...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.
Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.
Show more...Investment focus
- Industry: Software, Information Technology, Health Care
- Stage:Seed, Series A, Series B
- Geography: Finland, Sweden, United States
Investor stats
- Total investments: 179
- Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$25M
- Lead/follow: 47% lead, 53% follow
- Last fund: Likely still investing — raised $140M in 2022
Portfolio highlights
- Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
- Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
- Algorithmiq — Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.
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.
Show more...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 — 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.
Dedicated to supporting and investing in innovative startups
Show more...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.
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.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A
- Geography: Iceland, Estonia, United States
Investor stats
- Total investments: 43
- Round size: Seed $974k–$4.7M; Series A $1.2M–$20M
- Lead/follow: 70% lead, 30% follow
- Last fund: Likely still investing — raised $87M 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).
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.
Show more...Investment focus
- Industry: Software, Information Technology, Artificial Intelligence
- Stage:Series B, Series A, Series C
- Geography: United States, Canada, Sweden
Investor stats
- Total investments: 828
- Round size: Series A $6.5M–$53M; Series B $10M–$100M; Series C $15M–$120M
- Lead/follow: 36% lead, 64% follow
- Last fund: Likely actively investing — fresh fund, raised $20M in 2026
Portfolio highlights
- Dropcam — Never miss a thing with brilliant 1080p HDR, inside or outside.
- Lumosity — Challenge your mind with Lumosity, the #1 app with 50+ brain games for memory, math, vocabulary, and more. Start training today!
- Lovable — Build apps, websites, and digital products faster using Lovable's AI-powered platform, no deep coding skills required.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!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.
Show more...Investment focus
- Industry: Software, Health Care, Information Technology
- Stage:Grant, Seed
- Geography: Iceland, United States, United Kingdom
Investor stats
- Total investments: 265
- 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.
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.
Show more...Investment focus
- Industry: Software, Information Technology, Artificial Intelligence
- Stage:Seed, Series A, Pre-Seed
- Geography: United States, Finland, Japan
Investor stats
- Total investments: 83
- Round size: Seed $1M–$7M; Pre-Seed $125k–$3M; Series A $6.7M–$25M
- 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.
We bring you the Positive, Powerful and Personal stories from both emerging creatives and established giants in art, fashion, music and entertainment.
Show more...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.
Founders Ventures primarily invests in startups leveraging AI and blockchain technology.
Show more...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
Luminar is one of the most active seed investors in the Nordics, providing experienced seed financing and active operational support.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A
- Geography: Sweden, Norway, United States
Investor stats
- Total investments: 69
- Round size: Seed $960k–$5.4M; Series A $8.3M–$21M
- Lead/follow: 41% lead, 59% 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.
- Fika Jobs — Stand out from the crowd. Find your perfect job.
- Ivy Interactive — Frictionless Coding with AI
Media (Entertainment) VC funding in Iceland at a glance
Stats across 41 deals from 19 investors.
Access all 19 VC funds in Iceland Media (entertainment) startups.
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