Technology Development Fund
VC Fund
Reykjavík, Iceland
Technology Development Fund is a VC fund in Reykjavík focused on Software and Health Care. The role of the fund is to support research and development activities, which aim towards innovation in Icelandic industry. The Technology Development Fund is a competitive fund which issues its calls for proposals twice a year.
- Total investments:
- 416
- Last investment:
- Lead investor:
- 99%
Last updated:
For AI agents: llms.txt
Industries Technology Development Fund invests in
Stages Technology Development Fund invests in
Countries Technology Development Fund invests in
Round sizes
Round size
- Seed
- $300k–$7M
- Grant
- $54k–$370k
Investment Focus
Industry
- Software 59 (14%)
- Health Care 42 (10%)
- Information Technology 31 (7%)
- Manufacturing 24 (6%)
- Medical 20 (5%)
Stage
- Grant 221 (53%)
- Seed 2 (0%)
Country
- Iceland 204 (49%)
- United States 6 (1%)
- United Kingdom 2 (0%)
- The Netherlands 2 (0%)
- China 1 (0%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| SNERPA Power develops intelligent energy services. | $463.3K / Grant / Aug 19, 2026 | ||
| LearnCove provides businesses with a modular and easy-to-use training platform for high-quality training across markets and cultures. | Grant / Jun 09, 2023 | ||
| Orb's groundbreaking technology is leveraging the latest advances in computer vision and AI for on-site forest assessment with phones, reducing cost by 90% Orb's carbon and biodiversity platform delivers unmatched data and and transparency, maximising value of each carbon credit. | $85.7K / Grant / Jun 02, 2023 | ||
| Abler brings simplicity to the complexities of team management. With easy scheduling, messaging, payment, and data tools, Abler empowers users to spend more time cultivating the essential life skills and values learned through sports and other organised activities. | Grant / Sep 15, 2022 | ||
| Princeton NuEnergy is a clean-tech startup focused on the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. Its patented Direct Battery Recycling technology to produce high-quality and high value-added cathode active materials with low operating cost from spent lithium-ion batteries and delivers sustainableenergy and environmental solutions. | $7M / Seed / May 11, 2022 | ||
| *Advanced Client Management* Cliezen is a B2B SaaS that monitors the health of business relationships and the experience of B2B clients & predicts client churn. Identify critical client experience gaps before it's too late with Cliezen AI-powered Advanced Client Management. | $400K / Grant / Dec 21, 2021 | ||
| 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. | $400K / Grant / Dec 01, 2021 | ||
| Generative AI Platform for Marketing Teams. Create Campaigns & Content in Minutes, Not Weeks | $145K / Grant / May 28, 2021 | ||
| 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. | $150K / Grant / Jun 01, 2020 | ||
| Making your own 3D images and videos is easy. New devices to watch 3D are popping up, but something is missing: your own personal 3D imagery; your friends and family in three dimensions. Since 2013 Kúla has made solutions for 3D photography with regular camera because they believe everyone should capture their precious moments in 3D. They make 3Dlenses for DSLR cameras and smartphones accompanied by the image processing software Kúlacode. | $300K / Seed / Apr 26, 2018 | ||
| See all 416 investments → | |||
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FAQ
What does Technology Development Fund invest in?
Technology Development Fund invests primarily in Software, Health Care and Information Technology startups, most often at Grant and Seed stage. Most of the 416 investments tracked by Shizune back companies in Iceland. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Technology Development Fund invest in?
Technology Development Fund typically joins rounds of $300k–$7M at Seed and $54k–$370k at Grant. These are whole funding-round sizes, not Technology Development Fund's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Technology Development Fund took part in.
When did Technology Development Fund last invest?
The most recent investment recorded for Technology Development Fund closed in Aug 2026. Shizune tracks 416 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 Nov 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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