# Hekla Arnardottir

> Hekla Arnardottir is a seed investor at Crowberry Capital backing Gaming and Online Games. See 12 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Crowberry Capital](https://shizune.co/investors/profile/crowberry-capital)
- Location: Reykjavík, Iceland
- Total investments: 12
- Last investment: Oct 2025
- Lead investor: 58%
- Last updated: Aug 2026
- LinkedIn: http://is.linkedin.com/pub/hekla-arnardóttir/13/b20/41a
- X (Twitter): http://twitter.com/HeklaArn
- Website: https://x.com/HeklaArn

Hekla Arnardottir is a seed investor at Crowberry Capital in Reykjavík focused on Gaming and Online Games. Hekla is a General Partner at Crowberry Capital, a Nordic venture fund at the forefront of technology growth. As a seed and early stage investor, Hekla has backed many tech startups and worked closely with the founders on funding strategies, product and team development.Hekla joined a health tech startup right after graduation in MechanicalEngineering. Emphasis on innovation was a key to the company’s success and during Hekla‘s time at Ossur (www.ossur.com) the company grew into an international leader in its field, developing breakthrough products helping amputees gain better mobility. Roles at Ossur included leading product testing in R&D and product management. She moved to Hong Kong and then Shanghai to set up Ossur offices for the Asia region, hiring a local team and passing along the company culture to new employees in the region.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Gaming | 3 | 25% |
| Online Games | 3 | 25% |
| PC Games | 2 | 17% |
| Wellness | 2 | 17% |
| MMO Games | 2 | 17% |

25 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 7 | 58% |
| Series A | 2 | 17% |
| Series B | 2 | 17% |
| Venture - Series Unknown | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Denmark | 3 | 25% |
| Finland | 2 | 17% |
| Iceland | 2 | 17% |
| United States | 1 | 8% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Dreamdata | 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 |  |
| Social First | 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 | 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 |  |
| Dreamdata | 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. | $7.3M | Series A | Dec 06, 2022 |  |
| Embla | Embla provides an online medical weight loss treatment using prescription drugs and coaching. The company provides patients with evidence-based treatments, digital tools, medication, and coaching to facilitate sustainable weight loss. Embla was founded in 2021 and is headquartered in Copenhagen, Denmark. | $3.6M | Seed | Aug 01, 2022 |  |
| Mainframe Industries | Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that thepromise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers. | $19.6M | Series B | Nov 30, 2021 |  |
| 1939 Games | 1939 Games is a indie game development studio based in Reykjavik, Iceland. They are focused on WWII gaming experiences and are currently working on a digital collectible card game that goes by the name of KARDS. The game will draw familiar elements from the card game genre and fuse them with classic WWII gaming for an elegant, action packed and funcard game. 1939 Games was founded around the KARDS project in 2015 by former CCP veterans. | $5.3M | Venture - Series Unknown | Sep 29, 2021 |  |
| Dreamdata | 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. | $3.8M | Seed | Dec 07, 2020 |  |
| Mainframe Industries | Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that thepromise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers. | $8.1M | Series A | Mar 19, 2020 |  |
| Mainframe Industries | Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that thepromise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers. | $2.1M | Seed | Oct 01, 2019 |  |

10 of 12 investments shown.

## Co-investors
- [Play Ventures](https://shizune.co/investors/profile/play-ventures) — VC Fund, 4 deals together
- [InReach Ventures](https://shizune.co/investors/profile/inreach-ventures) — VC Fund, 3 deals together
- [Sisu Game Ventures](https://shizune.co/investors/profile/sisu-game-ventures) — VC Fund, 3 deals together
- [Andreessen Horowitz](https://shizune.co/investors/profile/andreessen-horowitz) — VC Fund, 2 deals together
- [Futuristic.vc](https://shizune.co/investors/profile/futuristic-vc) — VC Fund, 2 deals together
- [Maki.vc](https://shizune.co/investors/profile/maki-vc) — VC Fund, 2 deals together

## About Crowberry Capital

VC Fund · Reykjavík, Iceland

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.

3 contacts available at Crowberry Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Hekla Arnardottir | Founding Partner | https://shizune.co/investors/profile/hekla-arnardottir |
| Helga Valfells | Founding and General Partner | https://shizune.co/investors/profile/helga-valfells |
| Jenny Ruth Hrafnsdottir | Founding Partner | https://shizune.co/investors/profile/jenny-ruth-hrafnsdottir |

## Similar investors

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- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Hekla Arnardottir invest in?

Hekla Arnardottir invests primarily in Gaming, Online Games and PC Games startups, most often at Seed and Series A stage. Most of the 12 investments tracked by Shizune back companies in Denmark. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Hekla Arnardottir last invest?

The most recent investment recorded for Hekla Arnardottir closed in Oct 2025. Shizune tracks 12 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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