Crowberry Capital
VC Fund
Reykjavík, Iceland
Crowberry Capital is a VC fund in Reykjavík focused on Software and Gaming. Crowberry Capital invests at seed and early stage in outstanding teams building global businesses around true technology advantages. They work with their teams to build fast paced, international companies from the Nordics. They have a strong follow through philosophy. They back the best from seed to exit. The founding partners behind CrowberryCapital have worked together for over 7 years. The Crowberry team has managed over 51 technology start-ups, negotiated a total of 15 exits and made 17 seed investments. The Crowberry team has a Global outlook having lived and worked in a total of 8 countries on 4 continents.
- Total investments:
- 52
- Last investment:
- Lead investor:
- 46%
- Fund size:
- $90M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Crowberry Capital invests in
Stages Crowberry Capital invests in
Countries Crowberry Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $1.6M–$4.4M
- Pre-Seed
- $400k–$1.3M
- Series A
- $5.7M–$17M
Investment Focus
Industry
- Software 10 (19%)
- Gaming 6 (12%)
- Health Care 6 (12%)
- SaaS 5 (10%)
- Information Technology 5 (10%)
Stage
- Seed 25 (48%)
- Series A 6 (12%)
- Pre-Seed 4 (8%)
- Series B 3 (6%)
- Venture - Series Unknown 3 (6%)
Country
- Iceland 11 (21%)
- Denmark 7 (13%)
- Finland 5 (10%)
- United States 3 (6%)
- Sweden 2 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Hekla Arnardottir
Founding Partner
|
Founding Partner | Total investments: 12 | Find email | |
Helga Valfells
Founding and General Partner
|
Founding and General Partner | Total investments: 3 | Find email | |
Jenny Ruth Hrafnsdottir
Founding Partner
|
Founding Partner | Total investments: 8 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| SNERPA Power develops intelligent energy services. | $3.5M / Seed / Aug 19, 2026 | ||
| 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. | $11.6M / Series A / May 26, 2026 | ||
| Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations. | $4.7M / Seed / Feb 20, 2026 | ||
| Dreamdata offers a B2B activation and attribution platform that unifies go-to-market data into a coherent customer journey map. It consolidates behavioral site tracking, CRM, ad platforms, and intent sources to create an event-based, account-centric data model. From this foundation, it enables audience activation, AI-driven signal detection, andattribution of marketing efforts to revenue outcomes. Dreamdata also incorporates its proprietary IP-to-company resolution engine to improve company identification within web traffic. | $55M / Series B / Oct 14, 2025 | ||
| Scaleup Finance is a subscription-based financial management platform designed to improve the management and administration of financial operations. With their finances under control, clients can concentrate on areas that add more value to their business. | $4M / Venture - Series Unknown / May 31, 2025 | ||
| 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. | $5.7M / Series A / Nov 05, 2024 | ||
| Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland. | $3M / Seed / Sep 24, 2024 | ||
| Tiimo is a daily planner designed with neurodiversity in mind. Highly visual and versatile, our app supports people with ADHD and Autism and everyone who struggles to stay on task. Developed from principles of accessibility and inclusion, Tiimo gives people of all neurotypes the flexibility to plan their own way, with intuitive customization andunique visuals that simplify time management and build focus. | $1.6M / Seed / Aug 27, 2024 | ||
| Social First is a fresh studio, highly experienced in cross-platform social sandbox MMO's. With proven product/audience fit and exceptional results in early market testing, our current title is based years of learnings and data, providing significant evolution in UGC, digital asset trading and social gameplay.Combined with a validatedgrowth playbook with IDFA-independent UA across platforms for scaling, we are on a clear path to a $1B+ company.We are a veteran, full stack team with years of experience and numerous titles across the industry under our belts, backed by Play Ventures.As the latest milestone, our pre-alpha testing in June 2023 proved exceptionally strong engagement and retention! | $4.2M / Seed / Aug 06, 2024 | ||
| Prescriby is a digital treatment system developer to combat the opioid crisis by improving prescription safety and monitoring.Prescriby features a treatment generator and dashboard monitor to simplify complex health information, allowing clinics to give individualized data-driven therapies and safer monitoring for their customers. | $2.1M / Seed / Apr 27, 2024 | ||
| See all 52 investments → | |||
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FAQ
What does Crowberry Capital invest in?
Crowberry Capital invests primarily in Software, Gaming and Health Care startups, most often at Seed and Series A stage. Most of the 52 investments tracked by Shizune back companies in Iceland. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Crowberry Capital's check size?
Crowberry Capital typically joins rounds of $1.6M–$4.4M at Seed, $400k–$1.3M at Pre-Seed and $5.7M–$17M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Crowberry Capital participates in.
How do I contact Crowberry Capital?
Public channels for Crowberry Capital include LinkedIn, the website linked on this profile and Facebook. 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 Crowberry Capital?
The team at Crowberry Capital includes Hekla Arnardottir (Founding Partner), Helga Valfells (Founding and General Partner) and Jenny Ruth Hrafnsdottir (Founding Partner). 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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