# Top 10 Medical Device Startup Investors in Iceland in June 2026

## Novator
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 3
- Stages: Series B, Series C
- Focus: Software, E-Commerce, Online Games

Novator is an alternative investment firm founded and led by the international investor and entrepreneur Thor Bjorgolfsson.Novator's investment portfolio is focused around following sectors: Telecommunications, Pharmaceuticals, IT and Renewable Energy. In addition, Novator operates a Private Equity Fund and a Credit Opportunities Fund.Novator focuses on developing strong management teams in each of its portfolio companies.  While granting them the autonomy to create value, Novator maintains a supervisory role, principally through representation on the Boards of its investee companies. Novator differentiates itself from many other private equity companies in concentrating on complex situations, either by virtue of their structure or their cross-border nature. To create value, Novator undertakes the restructuring or "de-risking" of investment opportunities through re-financing, combining acquired assets with existing businesses, through sale to strategic or financial buyers, or through flotation. Novator's investment portfolio is focused around four main sectors:Telecommunications, Pharmaceuticals, IT and Renewable Energy.

## New Business Venture Fund
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Health Care, Medical

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.

## Frumtak Ventures
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, SaaS

At Frumtak Ventures, we champion founders who have demonstrated early traction and have potential to become global leaders in their space.  We take a concentrated, high-conviction, and high-involvement approach to investing and dedicate ourselves to collaboratively work with our portfolio companies from the seed stage through IPO. Our initialticket size usually ranges from €1 million to €3 million.

## Yanu Holdings
- Type: VC Fund
- Relevant deals: 1
- Focus: Health Care, Biotechnology, Medical Device

Yanu Holdings is a global investment firm.

## Sigurgeir Gudlaugsson
- Type: Angel
- Relevant deals: 1
- Focus: Health Care, Biotechnology, Medical Device

Sigurgeir Gudlaugsson is the Chief Executive Officer of Genis.

## Asabys Partners
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Health Care, Biotechnology, Medical Device

Asabys Partners is a venture capital firm that invests across the board in human healthcare. The company is active in the health-tech and biopharma industries and aims to invest in Spain and abroad in innovative and transformative technologies. Asabys Partners are motivated by the idea of pushing the boundaries of science and medicine. This is donethrough the sourcing and financing of the most disruptive technologies, and through the collaboration with the best internal and external talents of our industry.

## Silicon Valley Bank
- Type: VC Fund
- Location: Santa Clara, California, United States
- Relevant deals: 1
- Stages: Debt Financing, Series B, Series A
- Focus: Software, Health Care, Biotechnology

Silicon Valley Bank is the financial partner of the innovation economy; helping individuals and investors in the innovation ecosystem achieve extraordinary outcomes. 

## Wellington Partners
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Health Care, Biotechnology, Medical

Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich.

## TM
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 1
- Focus: Health Care, Biotechnology, Medical Device

TM is a company that provides all insurance and damage related services through call, online chats & emails.

## Sigþór Sigmarsson
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series D
- Focus: Software, Health Care, Banking

Sigþór Sigmarsson is Finance director at Novato. He attended Háskóli Íslands.

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