Frumtak Ventures
VC Fund
Reykjavík, Iceland
Frumtak Ventures is a VC fund in Reykjavík focused on Software and Information Technology. 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.
- Total investments:
- 46
- Last investment:
- Lead investor:
- 70%
- Fund size:
- $87M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Frumtak Ventures invests in
Stages Frumtak Ventures invests in
Countries Frumtak Ventures invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $974k–$4.7M
- Venture - Series Unknown
- $1.2M–$14M
Investment Focus
Industry
- Software 14 (30%)
- Information Technology 8 (17%)
- SaaS 5 (11%)
- Enterprise Software 4 (9%)
- B2B 3 (7%)
Stage
- Seed 17 (37%)
- Funding Round 7 (15%)
- Venture - Series Unknown 6 (13%)
- Series A 5 (11%)
- Series B 2 (4%)
Country
- Iceland 25 (54%)
- Estonia 1 (2%)
- United States 1 (2%)
- United Kingdom 1 (2%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Ásthildur Otharsdóttir
General Partner
|
General Partner | Total investments: 2 | Find email | |
| CFO | Total investments: 0 | Find email | ||
Andri Kristinsson
General Partner
|
General Partner | Total investments: 3 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| 50skills is transforming employee onboarding. It is used by thousands of managers in high-turnover industries ranging from retail, hospitality, ready-made-food, tech and transportation to reduce the timeframe between onboarding and employees actively fulfilling their roles. It accomplishes this by centralizing employee data, eliminatingrepetitive data entry tasks across multiple systems, and integrating with the tools and services employers already use.These are tasks such as creating and e-signing paperwork, triggering and monitoring videos in an LMS system, and creating users in core systems such as payroll and time registration.Please join us @ 50skills.com | $6M / Venture - Series Unknown / Sep 24, 2026 | ||
| Treble develops advanced acoustic simulation and spatial audio technology that enables engineers and researchers to model, analyze, and optimize sound in both physical and virtual environments.The company provides a cloud based platform that combines wave based acoustic simulation with scalable computing to deliver high fidelity, physicallyaccurate sound modeling. Treble’s technology supports applications across industries including architecture and the built environment, robotics, automotive, consumer electronics, gaming, XR, and audio AI, enabling virtual prototyping, synthetic audio data generation, and faster development of next generation audio systems. | $18M / Series A / Sep 17, 2026 | ||
| MyDello is a digital portal that makes worldwide freight forwarding more efficient and transparent. | $3.6M / Seed / Dec 16, 2025 | ||
| Euler is a software company focused on addressing the issue of build-to-build and machine-to-machine variability in metal additive manufacturing (AM). | $2.3M / Seed / Nov 12, 2025 | ||
| Optise is an AI-powered website insights tool for B2B businesses. | $2.2M / Pre-Seed / Apr 09, 2025 | ||
| Moombix provides online music education via a feature-rich marketplace that includes a timeline that records all interactions, a booking and payment system, and teacher profiles. | $2.5M / Seed / Oct 17, 2024 | ||
| Treble develops advanced acoustic simulation and spatial audio technology that enables engineers and researchers to model, analyze, and optimize sound in both physical and virtual environments.The company provides a cloud based platform that combines wave based acoustic simulation with scalable computing to deliver high fidelity, physicallyaccurate sound modeling. Treble’s technology supports applications across industries including architecture and the built environment, robotics, automotive, consumer electronics, gaming, XR, and audio AI, enabling virtual prototyping, synthetic audio data generation, and faster development of next generation audio systems. | $12.2M / Series A / Sep 03, 2024 | ||
| PLAIO is a web-based SaaS platform intended to help generic pharmaceutical companies to digitize their demand, manufacturing, and purchase planning.PLAIO offers features like visual and capacity planning, advanced constraint/overhead calculations. | $4.7M / Seed / Aug 14, 2024 | ||
| Activity Stream makes your organization better and more efficient by turning underutilized business data into actionable intelligence and insights - in real time.It does so by observing the actions and activity taking place across your organization's business systems to construct a complete, synthesized, picture of everything happening withbusiness relevance.With this complete view and full context Activity Stream can recognize patterns, opportunities and threats as they present themselves. It then provides right-time Intelligence to appropriate stakeholders so that these observations can be proactively dealt with or taken advantage of.Activity Stream is an Operational Intelligence Layer that can be implemented unobtrusively on top of current IT infrastructure, without having to rip-and-replace any of your existing systems. | $13.5M / Venture - Series Unknown / Jan 23, 2024 | ||
| Treble develops advanced acoustic simulation and spatial audio technology that enables engineers and researchers to model, analyze, and optimize sound in both physical and virtual environments.The company provides a cloud based platform that combines wave based acoustic simulation with scalable computing to deliver high fidelity, physicallyaccurate sound modeling. Treble’s technology supports applications across industries including architecture and the built environment, robotics, automotive, consumer electronics, gaming, XR, and audio AI, enabling virtual prototyping, synthetic audio data generation, and faster development of next generation audio systems. | $5.8M / Seed / Dec 06, 2022 | ||
| See all 46 investments → | |||
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FAQ
What does Frumtak Ventures invest in?
Frumtak Ventures invests primarily in Software, Information Technology and SaaS startups, most often at Seed and Funding Round stage. Most of the 46 investments tracked by Shizune back companies in Iceland. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Frumtak Ventures's check size?
Frumtak Ventures typically joins rounds of $974k–$4.7M at Seed and $1.2M–$14M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Frumtak Ventures participates in.
How do I contact Frumtak Ventures?
Public channels for Frumtak Ventures 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 Frumtak Ventures?
The team at Frumtak Ventures includes Ásthildur Otharsdóttir (General Partner), Rakel Sigurðardottir (CFO) and Andri Kristinsson (General 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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