# SKEL

> SKEL is a VC fund in Reykjavík backing FinTech and Payments. See 2 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Reykjavík, Iceland
- Total investments: 2
- Last investment: Dec 2023
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/skel-fj%C3%A1rfestingaf%C3%A9lag
- Website: https://skel.is

SKEL is an investment company that seeks to create value for its shareholders and other stakeholders. SKEL's investment strategy is to grow the current portfolio while keeping long-term value creation in mind and to reduce the importance of fossil fuels in the company's operations by increasing the number of income supports andinvestments. SKEL's strategy is to be a transformational investor, supporting and assisting the companies, management teams, and entrepreneurs in which it chooses to invest. Thus, SKEL's managers and employees assist their partners in fully utilizing all of the potentials of the companies they manage, whether they are established companies or good business ideas.

## Contacts

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

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 1 | 50% |
| Payments | 1 | 50% |
| Mobile Payments | 1 | 50% |
| Financial Services | 1 | 50% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Magnus Ingi Einarsson | CFO | 1 | https://shizune.co/investors/profile/magnus-ingi-einarsson |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| GeoSalmo | GeoSalmo offers food and beverage items. | $14.8M |  | Dec 28, 2023 |  |
| Focalpay | The Focalpay platform has broken down the barriers between payment, checkout, and back office, combining these previously separate flows into a single unified solution. As a result, merchants will benefit from lower transaction fees and lower emissions. End users gain access to a unified basket that can be seamlessly transferred between channels,as well as account-to-account payment through Focalpay's Pay by Bank service. | $1.5M | Seed | Mar 22, 2023 |  |

2 of 2 investments shown.

## Co-investors
- [Adri & Zoon](https://shizune.co/investors/profile/adri-zoon) — VC Fund, 1 deal together
- [Endur](https://shizune.co/investors/profile/endur-asa) — VC Fund, 1 deal together
- [Úthafsskip](https://shizune.co/investors/profile/%C3%BAthafsskip) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
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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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- [Brunnur Ventures](https://shizune.co/investors/profile/venture-capital-fund-brunnur) — VC Fund

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## FAQ

### What does SKEL invest in?

SKEL invests primarily in FinTech, Payments and Mobile Payments startups, most often at Seed stage. Most of the 2 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact SKEL?

Public channels for SKEL include LinkedIn 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 SKEL?

The team at SKEL includes Magnus Ingi Einarsson (CFO). 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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