Top 10 Platforms Startup Investors in Iceland (July 2026)

We help the daring build We help the daring build legendary companies from idea to IPO and beyond. companies.

Investment focus

Industry: Software, Information Technology, Artificial Intelligence
Stage:Series A, Series B, Series C
Geography: United States, China, India

Investor stats

Total investments: 1825
Round size: Series A $6M–$54M; Series B $11M–$100M; Series C $12M–$200M
Lead/follow: 39% lead, 61% follow
Last fund: May invest from a new fund soon — raised $65M in 2018

Portfolio highlights

ApnaPaisa — ApnaPaisa offers the Best Deals on Home Loans, Personal Loans, Credit Cards and EMI Calculators in India. EST'D 2007.
Decolar.com — Decolar.com is an online travel agency that offers complete travel services, including tickets, tour packages, accommodation, and car rental. Since 1999, more than 2,000,000 people have bought their air tickets through this platform.Decolar.com is present in 21 countries, including Argentina, the U.S., and Spain. It has a partnership of more than500 airlines and 150,000 hotels worldwide. When purchasing an airline ticket or travel package, Decolar.com’s customers also receive discounts at restaurants and shops in the chosen destination, plus 10% discount on purchases in Duty Free.Decolar.com was launched in 1999 and is based in Guarulhos, Sao Paulo.
Remote — Hire international talent in minutes. Remote is the most disruptive global payroll, tax, HR and compliance solution for distributed teams.

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The intersection of culture + commerce. Investing in next wave entrepreneurs.

Investment focus

Industry: Mobile, Internet, E-Commerce
Stage:Series A, Seed, Series B
Geography: United States, Canada, Iceland

Investor stats

Total investments: 61
Round size: Seed $1.1M–$5.8M; Series A $2.5M–$23M; Series B $14M–$45M
Lead/follow: 0% lead, 100% follow
Last fund: May invest from a new fund soon — last raise in 2013

Portfolio highlights

Bungalow — Bungalow is a residential real estate platform that provides renters with a more convenient, flexible, and communal living solution. It utilizes existing housing supply by signing long-term leases with homeowners, and offers multi-bedroom homes in some of the most desirable neighborhoods in cities throughout the United States.Bungalow offersprivate bedrooms with handpicked housemates in beautifully furnished homes across seven major cities. Each home comes furnished and includes wifi, utilities, housekeeping, and monthly community events for members.Andrew Collins and Justin McCarty founded Bungalow in 2016. Its headquarters is in San Francisco in California.
DeSo Foundation — DeSo is a layer -1 blockchain designed to build and scale decentralized social apps to 1 Billion users. Take back ownership of your content and social graph with web3 versions of Twitter and LinkedIn.
Big Shot Pictures — Big Shot Pictures is an animation and live-action production company that combines storytelling expertise with cutting-edge technology.

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Ridge Ventures (formerly IDG Ventures) is an early stage venture capital fund investing in experienced founders redefining how the world uses software.

Investment focus

Industry: Software, Internet, Information Technology
Stage:Series A, Seed, Series B
Geography: United States, Canada, Finland

Investor stats

Total investments: 194
Round size: Seed $1.4M–$7M; Series A $4M–$20M; Series B $6M–$65M
Lead/follow: 22% lead, 78% follow
Last fund: Likely still investing — raised $180M in 2023

Portfolio highlights

Outlier — What is Outlier? A platform for building AI with expert human input. Discover Outlier AI, join a community for freelancers, and shape the next generation of AI.
Sama — Trusted by over 25% of the Fortune 50, Sama provides accurate data annotation & labeling services for AI and machine learning models.
Rafay Systems — Rafay enables developers to automate the distribution, operations, cross-region scaling and lifecycle management of containerized microservices across public and private clouds, and service provider networks.Rafay’s platform is built around foundational elements that together deliver an optimal abstraction layer across disparate infrastructure,making it easy for developers to scale and operate applications across any number of locations or regions.Consumed as a service, Rafay’s platform eliminates the need to build an in-house platform or developing any specialized compute distribution capabilities. The platform significantly simplifies the deployment of containerized apps anywhere. Organizations can now achieve their desired levels of reliability, availability and performance with any combination of public cloud environments through a developer-friendly SaaS offering.From deploying a simple web crawler across multiple regions, to running a cloud gaming platform across multiple public clouds, to operating a ride-share platform, the level of specialization needed to build and maintain a unified distribution platform is very high. This is why we created Rafay Systems; to remove the burden and cost of do-it-yourself approaches and provide a proven platform for running containerized apps anywhere?

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MESA Ventures is a Seed and Series A venture fund focused on e-commerce, advertising, media, enterprise software, and mobile technologies. The Fund co-invests between $50,000 and $250,000 alongside established early stage venture firms. We actively support talented entrepreneurs building big businesses. To do that, we invest social capitalthat we believe valuable as financial capital. This comes from tapping into the team’s global network of media, entertainment and technology relationships to provide investor introductions, executive team hiring, business development, client & advertiser introductions, and marketing support. The Fund's goal is to help its portfolio companies whenever and wherever it can.

Investment focus

Industry: Mobile, Software, E-Commerce
Stage:Seed, Series A
Geography: United States, Germany, Iceland

Investor stats

Total investments: 57
Round size: Seed $1M–$3.5M; Series A $1M–$5.8M
Lead/follow: 2% lead, 98% follow
Last fund: May invest from a new fund soon — raised $10M in 2012

Portfolio highlights

Arconex — Arconex - Vertical AI SaaS for the Architecture, Engineering & Construction (AEC) Industry.
Zipdrug — Discover the innovative capabilities and solutions from CarelonRx that help remove barriers, personalize experiences, and improve health outcomes.
MessageYes (formerly ReplyYes) — MessageYes' mission is to help people effortlessly discover and purchase items they love using their mobile phones. MessageYes is the first platform to offer frictionless e-commerce over mobile messaging for brands looking to engage and transact directly with their customers. Leveraging artificial intelligence (AI), human-assisted AI, andintegrated payments, the MessageYes platform learns from customer feedback to make the experience serendipitous to each person and brand. Message recipients simply reply "Yes" to instantly buy from their mobile phones.

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Paige Craig Is The Partner at Outlander.He attend to the United States Military Academy at West PointUnited States Military Academy at West Point 1992.

Investment focus

Industry: Software, E-Commerce, Mobile
Stage:Seed, Series A, Angel
Geography: United States, India, Iceland

Investor stats

Total investments: 52
Round size: Seed $350k–$3.5M; Angel $91k–$1.7M; Series A $700k–$6.5M
Lead/follow: 8% lead, 92% follow

Portfolio highlights

StackStr — Real time monitoring of machine learning systems.
CourseHorse — CourseHorse is a provider of a learning platform used to centralize the learning opportunities. Its platform partners with providers of Spanish lessons, cooking courses, yoga classes, and other classes to create a single destination for people seeking personal interest education that enables people to increase ease and confidence in discovering thepath to personal enrichment.It was founded in 2011 and is headquartered in New York.
Spaceship — A platform for Continuous Delivery. Turn your code into containers automatically. Get it running on Kubernetes instantly.

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Jeff Solomon is the Co-Founder of Markup Hero.

Investment focus

Industry: Mobile, iOS, Android
Stage:Seed
Geography: United States, Iceland

Investor stats

Total investments: 5
Round size: Seed $500k–$4.9M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

The Kive Company — The Kive Company operates under the names Artkive and Lifekive. Artkive the leading service that helps parents celebrate their kids' art. Artkive offers the Artkive app for people who want to DIY or the Artkive Box for people who want to send in their art to be professionally photographed and turned into keepsake books or custom-framed mosaicprints. The Kive Company was incorporated in 2012 and is based in Los Angeles, California.
Umano — Umano is an audio streaming service.
Cubcoats — 2-in-1 wearable & playable transforming friends. A take everywhere that kids and parents equally adore.

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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.

Investment focus

Industry: Software, Gaming, Information Technology
Stage:Seed, Series A, Pre-Seed
Geography: United States, Denmark, Finland

Investor stats

Total investments: 73
Round size: Seed $1.1M–$8M; Pre-Seed $1k–$2.4M; Series A $4.3M–$30M
Lead/follow: 3% lead, 97% follow

Portfolio highlights

ScyAI — ScyAI is the developer of an autonomous risk intelligence tool designed to integrate multiple specialized agents.
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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Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

Investment focus

Industry: Software, Financial Services, Artificial Intelligence
Stage:Series B, Series A, Series C
Geography: China, United States, United Kingdom

Investor stats

Total investments: 559
Round size: Series A $3.9M–$230M; Series B $15M–$283M; Series C $35M–$400M
Lead/follow: 45% lead, 55% follow

Portfolio highlights

Reddit — Homepage - Reddit
XtalPi — XtalPi is a pharmaceutical technology company that is reinventing the industry’s approach to drug research and development with its Intelligent Digital Drug Discovery and Development (ID4) platform. Through its tightly interwoven quantum mechanics, artificial intelligence, and high-performance cloud computing algorithms, the ID4 platform enablespharmaceutical companies to increase their efficiency, accuracy, and success rate at critical stages of drug R&D. By accelerating the pace of drug discovery and development, XtalPi aims to contribute to a healthier society worldwide.Founded in 2014 by a group of quantum physicists at MIT, XtalPi has since grown into an elite team of researchers with multi-disciplinary expertise in physics, chemistry, pharmaceutical R&D, and algorithm design. XtalPi has received much recognition for its cutting-edge technologies, its innovative solutions, and the breadth of potential applications of its offerings across the pharmaceutical value chain, which has allowed it to gain industry approval and establish strategic partnerships with several top international pharmaceutical companies.
PolicyBazaar — Compare insurance policies offered by various insurers in India & buy insurance policy online. Get instant quotes & save huge on premiums.

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Soo Boon has over 30 years of global experience in finance and venture capital investing and brings this valuable expertise to each and every investment. She founded iGlobe Partners in 1999, in which the funds sponsor is the Economic Development Board (EDB) of Singapore, the pre-eminent statutory board responsible for enhancing Singapore'sglobal economic and business position. iGlobe Partners also started iGlobe Treasury Fund (NZ$31 million fund) in 2003 as a joint venture with the New Zealand Government.From 1988 to 1999, Soo Boon held executive management positions with Vertex Management Inc., (Vertex), the venture capital arm of Singapore Technologies, managing three funds during her tenure. She established the US operation of Vertex and headed the Silicon Valley office for 9 years, where she was instrumental in the early days of technology transfer for over 100 engineers in Silicon Valley for Chartered Semiconductor and Chartered Microwave. Soo Boon then started Vertex's European operations (headquartered in London, United Kingdom) and ran its European investment operation. As a result of her expertise, she guided numerous successful investments to IPOs, such as Lattice Semiconductor, Creative Technologies, and Activcard SA.Before Vertex, Soo Boon also held various senior management positions in the Treasury and Credit departments in her 12 years of work in the Development Bank of Singapore. Her time there also equipped her with in-depth knowledge of the finance aspect of the venture capital industry. She also headed the International Departments, Credit Division with responsibility for its eight overseas offices and Syndication Department for the Asia-Pacific region.Soo Boon earned her degree in 1973 from King's College, University of London with a Bachelor of Science Degree in Mathematics (First Class Honors). She attended the INSEAD Advanced Management program in 1998.Currently, she serves on the boards of directors of several private companies, including Fortemedia (Nanjing), Telenav Inc., and u-blox AG (SWX:UBXN). Since 2003, she serves on the Investment Committee of iGlobe Treasury Fund, a supported by the New Zealand Government. She is also one of the founding members of the Monte Jade (Singapore Chapter) and an EXCO member of the Singapore Chinese Chamber of Commerce.

Investment focus

Industry: Apps, Mobile, Cloud Computing
Stage:Series A, Seed, Series B
Geography: Singapore, United States, China

Investor stats

Total investments: 14
Round size: Seed $1.2M–$1.4M; Series A $1.5M–$17M; Series B $17M–$53M
Lead/follow: 43% lead, 57% follow

Portfolio highlights

Movi — Movi is building a new canvas for creation and ownership of web 3.0 visual content.
Luxola — Luxola was launched in Singapore in 2011 and has quickly grown into the destination for beauty in Southeast Asia; carrying over 4000 products and serving customers across the region including Australia, India and the UAE. Easily accessible. Luxola is committed to providing you with outstanding customer service and bringing you the best brandsfrom around the world, under one platform. All of our products are 100% authentic. We carry over 250 brands, of which over 65 brands across multiple markets are exclusive to Luxola.Education empowers our customers. With each product, Luxola provides ‘how-to’ advice and a review platform, giving you the power to hear from others with similar skin tones and types.Staying relevant is at the core of everything we do. In addition to providing a platform to purchase all your beauty favourites when you want, every week we pen LX Edit, our digital lifestyle magazine, offering inspiration and the latest insight into makeup, skincare, hair and celebrity fashion.
QuizUp — Plain Vanilla is an Icelandic Game Studio based in Reykjavik Iceland and in San Francisco. It develops a real-time multiplayer quiz platform for mobile devices.

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