# Iceland Venture Studio

> Iceland Venture Studio is a VC fund in Reykjavík backing Software and SaaS. See 13 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Reykjavík, Iceland
- Total investments: 13
- Last investment: Sep 2023
- Lead investor: 31%
- Fund size: $5M
- Last fund: Jan 2019
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/iceland-venture-studio/
- Website: https://icelandventurestudio.com/
- Facebook: https://www.facebook.com/pages/category/Local-Business/Iceland-Venture-Studio-478579919215773/

Iceland Venture Studio is a VC fund in Reykjavík focused on Software and SaaS. They are founders and they build companies with founders. They have practical knowledge on how to work with founders who have the capacity to build great companies: They think it is more than “founder picking”, it is also mentoring and coaching. They take an active role in mentoring and coaching the founding team in technology design anddevelopment, strategy, business development, team development and recruiting as well as operations. They have explicit experience taking founders from the idea stage to a profitable exit. The greatest value that They add is in helping founders navigate multiple priorities, exposing them to a network of influencers, sequencing tasks and accelerating the value proposition development of the company.

## Contacts

5 contacts available for Iceland Venture Studio. Shizune tracks 1 team members at Iceland Venture Studio. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/iceland-venture-studio?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $500k–$3M |
| Pre-Seed | $950k–$1M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 23% |
| SaaS | 2 | 15% |
| Education | 2 | 15% |
| Health Care | 2 | 15% |
| Artificial Intelligence | 2 | 15% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 31% |
| Pre-Seed | 3 | 23% |
| Angel | 1 | 8% |
| Funding Round | 1 | 8% |
| Venture - Series Unknown | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Iceland | 5 | 38% |
| United States | 2 | 15% |
| India | 1 | 8% |
| Israel | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Bala Kamallakharan | Founder and Managing Director | 3 | https://shizune.co/investors/profile/bala-kamallakharan |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Sundra | Sundra is a translation software that helps HR teams translate their learning content so every employee feels included. | $600K | Angel | Sep 08, 2023 |  |
| Expertrons | Expertrons is an AI video bot platform created to help students and professionals prepare for interviews. |  | Seed | Aug 07, 2023 |  |
| Soptle | Soptle is a rapidly expanding Financial Technology firm specializing in offering financing solutions to small and medium enterprises nationwide. Employing a unique blend of technology and an innovative delivery approach, we strive to enhance the financial well-being of our clients and optimize their cash flow. Our loan product range is diverse,catering to the varying needs of our clients, which includes term loans, lines of credit, and invoice financing. | $1M | Pre-Seed | May 10, 2023 |  |
| Expertrons | Expertrons is an AI video bot platform created to help students and professionals prepare for interviews. | $2.3M | Seed | Aug 16, 2021 |  |
| Nanom | Greenvolt Nano creates nano-enhanced materials for use in battery technology. It provides a pathway to clean, inexpensive, and renewable energy sources while reducing environmental toxicity. And makes products smarter, efficient, and longer lasting. It is founded in 2017. | $3M | Seed | Apr 02, 2021 |  |
| Expertrons | Expertrons is an AI video bot platform created to help students and professionals prepare for interviews. |  |  | Nov 02, 2020 |  |
| Expertrons | Expertrons is an AI video bot platform created to help students and professionals prepare for interviews. |  | Seed | Nov 02, 2020 |  |
| Atlas Primer | Atlas Primer they provide education through the use of technology, by increasing access, usability and automation. Their approach allows the creation of interactive learning environments with even the simplest of devices and in the most remote locations. |  | Pre-Seed | Oct 31, 2020 |  |
| Retina Risk | Retina Risk was founded in 2008 by a group of doctors, statisticians’ and business people. The company focuses its efforts on developing innovative IT-solutions for medical healthcare systems worldwide.Their mission is to use the individual risk and severity profiles to find the optimal use of healthcare resources, such as medication, surgery,laser treatment, surveillance, and follow-up, to optimize the health outcome of that particular individual while at the same time optimizing the allocation of health care resources available.RMS launched its first product in December 2009, the world's first risk calculator that individualizes the risk for diabetic patients of developing sight-threatening eye-complications for diabetic-retinopathy. | $500K | Venture - Series Unknown | Jul 10, 2020 |  |
| Flow | Flow develops immersive virtual reality-enhanced meditation programs. | $500K | Seed | Jul 10, 2020 |  |

10 of 13 investments shown.

## Co-investors
- [IvyCap Ventures](https://shizune.co/investors/profile/ivycap-ventures) — VC Fund, 4 deals together
- [ah! Ventures](https://shizune.co/investors/profile/ahventures) — VC Fund, 2 deals together
- [LVX Ventures](https://shizune.co/investors/profile/letsventure) — VC Fund, 2 deals together
- [Sarcha Advisors](https://shizune.co/investors/profile/sarcha-advisors) — VC Fund, 2 deals together
- [Venture Catalysts](https://shizune.co/investors/profile/venturecatalysts) — VC Fund, 2 deals together
- [Amarujala.com](https://shizune.co/investors/profile/amarujala-com) — VC Fund, 1 deal together

## Similar investors

### Similar industry
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### Similar stage
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### Similar country
- [New Business Venture Fund](https://shizune.co/investors/profile/new-business-venture-fund) — VC Fund
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## Featured in investor lists
- [All Investors in Iceland](https://shizune.co/investors/investors-iceland)
- [All VC Funds in Iceland](https://shizune.co/investors/vc-funds-iceland)
- [Software VC Funds in Iceland](https://shizune.co/investors/software-vc-funds-iceland)
- [Enterprise Investors in Iceland](https://shizune.co/investors/enterprise-investors-iceland)
- [Enterprise VC Funds in Iceland](https://shizune.co/investors/enterprise-vc-funds-iceland)
- [Financial Services Investors in Iceland](https://shizune.co/investors/financial-services-investors-iceland)

## FAQ

### What does Iceland Venture Studio invest in?

Iceland Venture Studio invests primarily in Software, SaaS and Education startups, most often at Seed and Pre-Seed stage. Most of the 13 investments tracked by Shizune back companies in Iceland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Iceland Venture Studio's check size?

Iceland Venture Studio typically joins rounds of $500k–$3M at Seed and $950k–$1M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Iceland Venture Studio participates in.

### How do I contact Iceland Venture Studio?

Public channels for Iceland Venture Studio 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 Iceland Venture Studio?

The team at Iceland Venture Studio includes Bala Kamallakharan (Founder and Managing Director). 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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