Top 5 Music Startup Investors in Iceland in May 2026

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.

Investment focus

Software, Health Care, Medical
Seed, Funding Round, Series A
Iceland, United States, China

Portfolio highlights

HorseDay — HorseDay is a mobile application to track horse activities.
Spectaflow — Spectaflow is a SaaS solution for accommodations businesses focused on improving housekeeping and maintenance workflows
PayAnalytics — PayAnalytics, a leading pay equity and workforce analytics solution, aids companies in closing pay gaps and fostering workplace equity. Ensure compliance with pay transparency regulations, assess wage disparities, and analyze workforce demographics conveniently.

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

Investment focus

Apps, Music
Seed
Iceland

Portfolio highlights

Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.

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Nick Gatfield - Co-Founder @ Synchronized

Investment focus

Internet, TV, Apps
Seed, Pre-Seed, Funding Round
France, Iceland, United Kingdom

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

Investment focus

Audio, Music, Brand Marketing
Series A
Iceland

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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