# Arion Bank

> Arion Bank is a VC fund in Reykjavík backing Farming and Seafood. See 8 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Reykjavík, Iceland
- Total investments: 8
- Last investment: Jun 2026
- Lead investor: 13%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/arion-bank
- X (Twitter): https://twitter.com/arionbanki
- Website: https://www.arionbanki.is
- Facebook: http://www.facebook.com/arionbanki

Arion Bank is a VC fund in Reykjavík focused on Farming and Seafood. Arion bank offers financial services to companies, institutional investors, and individuals.

## Contacts

5 contacts available for Arion Bank. Shizune tracks 2 team members at Arion Bank. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/arion-bank?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $15k–$670k |
| Debt Financing | $84M–$148M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Farming | 2 | 25% |
| Seafood | 2 | 25% |
| Mobile | 1 | 13% |
| Rental | 1 | 13% |
| FinTech | 1 | 13% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 3 | 38% |
| Seed | 2 | 25% |
| Post-IPO Debt | 1 | 13% |
| Convertible Note | 1 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Benedikt Gíslason | Chief Executive Officer | 0 | https://shizune.co/investors/profile/benedikt-g%C3%ADslason |
| Styrmir Sigurjonsson | Managing Director of IT & CTO/CIO | 0 | https://shizune.co/investors/profile/styrmir-sigurjonsson |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| LAXEY | LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities. |  | Debt Financing | Jun 23, 2026 |  |
| Kaldvik | Kaldvík is a fishing company specializing in sustainable salmon farming. The company focuses on environmental responsibility, with an emphasis on eco-conscious practices, community engagement, and advanced salmon welfare management. Their operations are free from antibiotics and salmon lice, ensuring high-quality, ethically sourced products. |  | Post-IPO Debt | Jun 04, 2025 |  |
| LAXEY | LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities. | $107.5M | Debt Financing | May 05, 2025 |  |
| First Water | First Water aims to set the standard for ethical seafood production by producing premium salmon with the least possible negative impact on the environment. | $84.4M | Debt Financing | Dec 09, 2024 |  |
| Borealis Data Center | Borealis Data Center is a firm that specializes in renewable energy services. | $148M | Debt Financing | Feb 07, 2024 |  |
| Controlant | Controlant is a leader in real-time supply chain monitoring and visibility for heavily regulated industries, such as pharmaceuticals & life sciences, and food & beverage sectors. Controlant’s mission is to deliver value across the end-to-end supply chain by dramatically increasing the visibility of product flow and quality whileminimizing waste and increasing responsiveness through a completely new category of automated Cold Chain as a Service solution. Using Controlant’s IoT, cloud-enabled advanced analytics, API connectivity, and cost-reducing operational services, customers are achieving an annualized ROI and, in many cases, millions of dollars in savings, reducing material losses, and enhancing reliability of their operations. Controlant is empowering Fortune 500 and world-leading enterprises, as well as their supply chain stakeholders, to achieve greater efficiency by automating their business processes and optimizing communication through technology. | $10M | Convertible Note | Mar 03, 2020 |  |
| Leiguskjo | Leiguskjol is a fintech company focusing on solutions for the rental market. Its US brand, Igloo, enables anyone to rent by replacing the security deposit with an insurance or a bank guarantee. | $670K | Seed | Dec 05, 2019 |  |
| Study Cake | Study Cake is an app where children earn "braincells" by answering questions from their favorite books. | $15.1K | Seed | Jul 01, 2015 |  |

8 of 8 investments shown.

## Co-investors
- [DNB](https://shizune.co/investors/profile/dnb-nor) — VC Fund, 2 deals together
- [Landsbankinn](https://shizune.co/investors/profile/landsbankinn) — VC Fund, 2 deals together
- [Eksfin](https://shizune.co/investors/profile/eksfin) — VC Fund, 1 deal together
- [Infranity](https://shizune.co/investors/profile/infranity) — VC Fund, 1 deal together
- [Nordea](https://shizune.co/investors/profile/nordea-bank) — VC Fund, 1 deal together
- [Rabobank](https://shizune.co/investors/profile/rabobank) — VC Fund, 1 deal together

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## Featured in investor lists
- [All Investors in Iceland](https://shizune.co/investors/investors-iceland)
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## FAQ

### What does Arion Bank invest in?

Arion Bank invests primarily in Farming, Seafood and Mobile startups, most often at Debt Financing and Seed stage. Most of the 8 investments tracked by Shizune back companies in Iceland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Arion Bank's check size?

Arion Bank typically joins rounds of $15k–$670k at Seed and $84M–$148M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Arion Bank participates in.

### How do I contact Arion Bank?

Public channels for Arion Bank include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Arion Bank?

The team at Arion Bank includes Benedikt Gíslason (Chief Executive Officer) and Styrmir Sigurjonsson (Managing Director of IT & CTO/CIO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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