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Top 50 SaaS Startup Investors in Iceland (August 2026)

The most active venture capital funds and angel investors investing in Iceland SaaS startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Iceland SaaS startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
New Business Venture Fund
VC Fund
23 Iceland, United States, China Seed, Pre-Seed Software, Health Care, SaaS $299k–$2.6M
Frumtak Ventures
VC Fund
22 Iceland, Estonia, United States Seed, Series A Software, Information Technology, SaaS $974k–$20M
Brunnur Ventures
VC Fund
14 Iceland, United States, Japan Seed, Series A, Angel Software, SaaS, Gaming $878k–$16M
Crowberry Capital
VC Fund
10 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $400k–$17M
Iceland Venture Studio
VC Fund
4 Iceland, United States, India Seed, Pre-Seed Software, SaaS, Education $500k–$3M
Novator
VC Fund
3 United Kingdom, United States, Iceland Series B, Series C Software, E-Commerce, Online Games $16M–$450M
David Helgason
Angel
3 United States, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Artificial Intelligence $242k–$30M
Karma Ventures
VC Fund
3 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $549k–$30M
Sisu Game Ventures
VC Fund
3 Finland, United States, France Seed, Series A, Pre-Seed Gaming, Video Games, Software $110k–$38M
Eyrir Vöxtur
VC Fund
3 Iceland Venture - Series Unknown, Seed, Series A Legal, Retail, Sensor $1.8M–$3M
Preceptor Capital
VC Fund
3 Iceland, United States Seed, Series A FinTech, Computer, Software $2M–$6.1M
byFounders
VC Fund
3 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $800k–$65M
Saint-Gobain NOVA
VC Fund
2 United States, Germany, Israel Seed, Series B, Series A Energy, Construction, Information Technology $1.2M–$25M
Shanda Group
VC Fund
2 United States, China, Israel Seed, Series A, Pre-Seed Artificial Intelligence, Software, Health Care $100k–$44M
Slack Fund
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, SaaS, Information Technology $2M–$50M
Index Ventures
VC Fund
2 United States, United Kingdom, France Series A, Series B, Seed Software, E-Commerce, Internet $1.5M–$102M
Behold Ventures
VC Fund
2 Sweden, Iceland, Finland Seed, Pre-Seed, Series A Gaming, Sports, eSports $500k–$7M
Sigþór Sigmarsson
Angel
2 Iceland, United Kingdom Seed, Series D, Venture - Series Unknown Software, Health Care, Banking $400k–$1.8M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$25M
Investa
VC Fund
2 Iceland, United States Seed, Angel SaaS, Software, Events $1M–$1.3M
Chrysalix Venture Capital
VC Fund
2 United States, Canada, The Netherlands Series B, Series A Energy, Manufacturing, CleanTech $2M–$24M
Teya
VC Fund
2 Iceland, Turkey, United Kingdom Seed, Venture - Series Unknown, Pre-Seed Software, Financial Services, Information Technology $1.2M–$4M
Reaktor Ventures
VC Fund
2 Finland, Germany, United States Seed, Pre-Seed, Series A Internet, Software, E-Commerce $137k–$6.8M
Arion Bank
VC Fund
2 Iceland Debt Financing, Seed, Post-IPO Debt Farming, Seafood, Mobile $15k–$148M
BlueYard Capital
VC Fund
2 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Software, Biotechnology, Blockchain $200k–$47M
Christian Jantzen
Angel
2 Denmark, Sweden, Finland Seed, Pre-Seed, Angel SaaS, Software, Artificial Intelligence $233k–$3.5M
Nordic Ignite
VC Fund
2 Norway, Iceland, Sweden Pre-Seed, Angel SaaS, Travel, Content
Riverstone Ventures
VC Fund
1 Iceland SaaS, Software, Marine Technology
APX
VC Fund
1 Germany, United Kingdom, United States Pre-Seed, Seed, Series A Software, SaaS, Information Technology
Export and Investment Fund
VC Fund
1 Denmark, United States, United Kingdom Seed, Series A Software, Biotechnology, Information Technology
KOMPAS VC
VC Fund
1 Germany, Israel, United States Series A, Seed, Series B Software, Construction, Information Technology
Eyrir Invest
VC Fund
1 Iceland Big Data, Analytics, Enterprise Software
Faber
VC Fund
1 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS
Keen Venture Partners
VC Fund
1 The Netherlands, Germany, United States Series A, Series B, Seed Software, SaaS, Artificial Intelligence
Tennin
VC Fund
1 Iceland Series A
Shubert Organization
VC Fund
1 Iceland Big Data, Analytics, Enterprise Software
Ridge Ventures
VC Fund
1 United States, Canada, Finland Series A, Seed, Series B Software, Internet, Information Technology
Experian
VC Fund
1 United States, United Kingdom, India Series B, Corporate Round, Seed Financial Services, FinTech, Finance
L-Acoustics
VC Fund
1 United States Series B Audio, Music, Software
Tuesday Capital
VC Fund
1 United States, Mexico, United Kingdom Seed, Series A, Pre-Seed Software, Mobile, Internet $750k–$17M
Tencent
VC Fund
1 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, Artificial Intelligence $3.5M–$400M
Wellington Partners
VC Fund
1 Germany, United States, United Kingdom Series A, Series B Health Care, Biotechnology, Medical $3.1M–$60M
Börkur Arnviðarson
Angel
1 Iceland Seed Software, Virtual Reality, AI Infrastructure
Omega Algae
VC Fund
1 Iceland Seed Software, Virtual Reality, AI Infrastructure
MD ONE Ventures
VC Fund
1 United Kingdom, Israel Seed, Series A SaaS, Security, Cyber Security
CAA Ventures
VC Fund
1 United States, Canada, Iceland Series A, Seed, Series B Mobile, Internet, E-Commerce $1.1M–$45M
Menlo Ventures
VC Fund
1 United States, Canada, Sweden Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $6.3M–$120M
Sequoia Capital
VC Fund
1 United States, China, India Series B, Series A, Series C Software, Information Technology, Enterprise Software
Headline
VC Fund
1 United States, Germany, United Kingdom Series A, Series B, Seed Software, E-Commerce, Information Technology
Greycroft
VC Fund
1 United States, United Kingdom, Germany Series A, Seed, Series B Software, Artificial Intelligence, E-Commerce
Access all 137 investors in Iceland SaaS startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

New Business Venture Fund
VC Fund · Reykjavík, Gullbringusysla, Iceland · 23 investments in Iceland SaaS startups

The New Business Venture Fund is an evergreen investment fund that actively contributes to the development and growth of the Icelandic economy by investing in promising innovation and start-up companies.The New Business Venture Fund invests at seed and early stage in promising growth companies with great business ideas and strong management anddevelopment teams.The New Business Venture Fund is a state owned investment fund intended to strengthen and develop the Icelandic venture capital market along with promoting startups and business in Iceland thus encouraging economic growth.

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Iceland, United States, China

Investor stats

  • Total investments: 42
  • Round size: Seed $400k–$2.6M; Pre-Seed $299k–$520k
  • Lead/follow: 62% lead, 38% follow

Portfolio highlights

  • Sowilo — Sowilo created Catecut, a platform-agnostic technology that leverages artificial intelligence to detect fashion products and design elements in store product photos.
  • Sundra — Sundra turns the materials you already have into structured training courses in hours, then delivers them in 70+ languages. Built for HR and L&D teams.
  • Arcana Bio — ArcanaBio is developing realtime biosurveillance solutions that minimize workplace disruptions and support health & wellness
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Frumtak Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 22 investments in Iceland SaaS startups

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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Iceland, Estonia, United States

Investor stats

  • Total investments: 41
  • Round size: Seed $974k–$4.7M; Series A $1.2M–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Optise — Optise is the self-improving B2B website platform that automatically ships data-driven improvements every week so you get more leads and customers without becoming a website expert.
  • MyDello — Get instant quotes for all transportation modes. Enter a new era of freight forwarding with the MyDello logistics platform. Sign up for free
  • Euler — Euler is a software company focused on addressing the issue of build-to-build and machine-to-machine variability in metal additive manufacturing (AM).
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Brunnur Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 14 investments in Iceland SaaS startups

Brunnur Ventures is a top venture capital firm in Iceland for startups with high-growth potential.

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Investment focus

  • Industry: Software, SaaS, Gaming
  • Stage:Seed, Series A, Angel
  • Geography: Iceland, United States, Japan

Investor stats

  • Total investments: 32
  • Round size: Seed $1M–$5.3M; Angel $878k–$1M; Series A $1.5M–$16M
  • Lead/follow: 66% lead, 34% follow
  • Last fund: May invest from a new fund soon — raised $65M in 2021

Portfolio highlights

  • Axelyf — Building Next-Generation RNA-LNP Therapeutics: experienced drug developers with distinctive technologies - for partners, programs and patients
  • AviLabs — AviLabs specializes in software development in aviation.
  • Ghostlamp — Ghostlamp enables brands and agencies to create on-demand micro influencer campaigns, anywhere in the world via the use of an online self-serve platform.
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Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 10 investments in Iceland SaaS startups

Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first.

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Investment focus

  • Industry: Software, Gaming, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Iceland, Denmark, Finland

Investor stats

  • Total investments: 50
  • Round size: Seed $1.6M–$4.4M; Pre-Seed $400k–$1.3M; Series A $5.7M–$17M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
  • Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
  • Augmented Hearing — Read more about danish audiology scale-up Augmented Hearing, driving the world's most ambitious audiology solutions and innovations.
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Iceland Venture Studio
VC Fund · Reykjavík, Gullbringusysla, Iceland · 4 investments in Iceland SaaS startups

We help people grow and build decentralized companies

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Investment focus

  • Industry: Software, SaaS, Education
  • Stage:Seed, Pre-Seed
  • Geography: Iceland, United States, India

Investor stats

  • Total investments: 13
  • Round size: Seed $500k–$3M; Pre-Seed $950k–$1M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $5M in 2019

Portfolio highlights

  • Soptle — Founded in Sep 2021, Soptle started to establish an integrated technology to the neglected regional FMCG Manufacturers in India with a B2B Retail Commmerce App. It uses tech and data to distribute at scale and use necessary components (existing Distributor/Wholesaler) in the FMCG Supply Chain to build a high growth and profitable business.
  • Sundra — Sundra turns the materials you already have into structured training courses in hours, then delivers them in 70+ languages. Built for HR and L&D teams.
  • Expertrons — Expertrons is an upskilling platform that offers advanced training programs | BSFI | HR | Marketing and many more to assure 100% professional success.
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Novator
VC Fund · London, England, United Kingdom · 3 investments in Iceland SaaS startups

Novator is an alternative investment firm founded and led by the international investor and entrepreneur Thor Bjorgolfsson.Novator's investment portfolio is focused around following sectors: Telecommunications, Pharmaceuticals, IT and Renewable Energy. In addition, Novator operates a Private Equity Fund and a Credit Opportunities Fund.Novator focuses on developing strong management teams in each of its portfolio companies.  While granting them the autonomy to create value, Novator maintains a supervisory role, principally through representation on the Boards of its investee companies. Novator differentiates itself from many other private equity companies in concentrating on complex situations, either by virtue of their structure or their cross-border nature. To create value, Novator undertakes the restructuring or "de-risking" of investment opportunities through re-financing, combining acquired assets with existing businesses, through sale to strategic or financial buyers, or through flotation. Novator's investment portfolio is focused around four main sectors:Telecommunications, Pharmaceuticals, IT and Renewable Energy.

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Investment focus

  • Industry: Software, E-Commerce, Online Games
  • Stage:Series B, Series C
  • Geography: United Kingdom, United States, Iceland

Investor stats

  • Total investments: 62
  • Round size: Series B $16M–$125M; Series C $16M–$450M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Numan — Convenient care, tailored to you. Offering treatments for weight loss, diagnostics, erectile dysfunction, hair loss, and more.
  • Nord Security — Nord Security is the leader in the field of online privacy and security. Our security tools have earned praise from respected experts and tech outlets.
  • Steel City Interactive — Steel City Interactive develops gaming.
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David Helgason
Angel · Copenhagen, Hovedstaden, Denmark · 3 investments in Iceland SaaS startups

David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen.

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Investment focus

  • Industry: Software, Gaming, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Denmark, Finland

Investor stats

  • Total investments: 79
  • Round size: Seed $1.1M–$8M; Pre-Seed $242k–$2.4M; Series A $4.3M–$30M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • ScyAI — Risk intelligence that thinks with you.
  • Noah — API-first stablecoin payments, enterprise-grade compliance and real-time settlements, powered by stablecoin technology.
  • Flow Engineering — Requirements management, made collaborative
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Iceland SaaS startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 52
  • Round size: Seed $549k–$4.4M; Series A $4M–$16M; Series B $3.1M–$30M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $106M in 2021

Portfolio highlights

  • Infermedica — Clinical AI triage that guides patients to the right care via chat, voice, or call center. Built by clinicians trusted by patients.
  • Leil Storage — ON-PREMISES DISTRIBUTED FILE STORAGE WITH CLOUD-SCALE DENSITY+23% extra FREE capacity and density NOW +23% extra FREE capacity and density NOW +20% lower CO₂ emissions and power costs NOW up to +70% saved energy in the futureFirst distributed filesystem that supports the biggest HDDs on the planet, enabling enterprises with HM-SMR basedstorage.
  • Starship Technologies — The future of delivery - today!
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Sisu Game Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Iceland SaaS startups

Sisu Game Ventures is an early-stage venture capital fund focused 100% on games. We set up shop in 2014 to support the most promising founders in the industry. Sisu has deep roots in the Nordic region, but our network of founders is fully global.The Sisu team consists of Samuli, Paul, Erik, Kalle, Moaffak, Kadri, and Jere - all of whom haveextensive backgrounds in the game industry and startup circles, both as entrepreneurs and investors. We've founded and built sixteen game companies since the early 90s and had several successful exits. Apart from funding companies, the team uses their expertise to act as a studio builder. Individual founders are supported in building their team, honing their product strategy and in gathering the right group of investors.

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Investment focus

  • Industry: Gaming, Video Games, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, United States, France

Investor stats

  • Total investments: 58
  • Round size: Seed $576k–$4.6M; Pre-Seed $110k–$1.2M; Series A $6.3M–$38M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2021

Portfolio highlights

  • Torpor Games — Experiences that challenge and provoke. Suzerain - a fictional political drama set in the 1950s. How will you rule? Out now for PC, Mobile, Xbox, PS & Switch
  • Kinoa Labs — A real-time, AI-powered platform to engage, retain, and monetize mobile game users - launched and updated live, without waiting on development.
  • Antihero Studios — Games Worth Sharing- by former Brawl Stars, Clash Royale and Candy Crush devs.
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Eyrir Vöxtur
VC Fund · Reykjavík, Gullbringusysla, Iceland · 3 investments in Iceland SaaS startups

Eyrir Vöxtur is an ESG fund, which focuses on investing in promising ventures for international growth and value creation. The fund invests in companies that have a positive impact on society and the environment.

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Investment focus

  • Industry: Legal, Retail, Sensor
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Iceland

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $1.8M–$3M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Tulipop — The enchanting world of Tulipop, dreamt up by mother of two Signy and brought to market by her best friend Helga, is an original, beautiful and magical children's range unlike any other. Both cuddly and gothic and strongly inspired by forms and colours in nature, the Tulipop world features intriguing characters such as Bubble, a shy and dreamymushroom boy and Gloomy, an adventurous mushroom girl, who loves surprises and cheeky little pranks - challenging gender stereotypes.
  • Laki Power — We supply power grid operators with advanced high-voltage line monitoring stations that enable them to optimise performance, safety and cost.
  • DTE ehf — DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Preceptor Capital
VC Fund · 3 investments in Iceland SaaS startups

Preceptor Capital is an investment firm.

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Investment focus

  • Industry: FinTech, Computer, Software
  • Stage:Seed, Series A
  • Geography: Iceland, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $2M–$6.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Anonybit — QQEMAS merupakan situs slot777 rekomendasi penggemar situs slot gacor hari ini yang populer memberikan bonus member baru 100% dan cashback.
  • Lucinity — Money laundering is the crime that fuels crime. Lucinity's mission is to Make Money Good® by combining the best of human and artificial intelligence. Lucinity uses Human AI to help banks fight financial crime more efficiently. By designing its AML platform around man and machine, Lucinity allows banks to increase their AML programs'productivity.Lucinity identifies suspicious activity through its proprietary behavior detection system. The approach is entirely risk-based and allows customers to control their risk exposure before efficiently reviewing AML alerts in the Lucinity Case Manager.The company was founded by industry veterans. The core team has experience from Tier-1 banks, international regulators, and leading legacy vendors. Lucinity takes great pride in being the enterprise-ready AML startup that brings the novelty and excitement of a startup and the professionalism and experience of an incumbent.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Iceland SaaS startups, 17 in the past 12 months

byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, United States, Sweden

Investor stats

  • Total investments: 124
  • Round size: Seed $1.5M–$9.4M; Pre-Seed $800k–$4.2M; Series A $6.1M–$65M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $117M in 2021

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • Verda (formerly DataCrunch) — DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
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Saint-Gobain NOVA
VC Fund · Courbevoie, Ile-de-France, France · 2 investments in Iceland SaaS startups

Saint-Gobain NOVA is the ventures arm of Saint‑Gobain.

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Investment focus

  • Industry: Energy, Construction, Information Technology
  • Stage:Seed, Series B, Series A
  • Geography: United States, Germany, Israel

Investor stats

  • Total investments: 25
  • Round size: Seed $1.2M–$7M; Series A $3M–$12M; Series B $4.2M–$25M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • LIGHTYX — LightYX has developed BeamerOne‏‏™, a robotic system that utilizes a precise laser to project any 2D/3D digital plan onto construction surfaces, whether they are flat or curved. This innovation allows construction workers to view the blueprint, accurately scaled, directly on the work surface. This capability enables them to quickly comprehendthe necessary actions with minimal errors.Additionally, the BeamerOne‏‏™ by LightYX facilitates the identification of inconsistencies between the digital plan and the actual construction ("as built") through a mobile app. Workers can effortlessly align the projected plans with the "as built" conditions. Once the adjustments are complete, the worker can save the updated drawing and seek approval from architects or share it with other stakeholders involved in the project.By offering this solution, LightYX ensures that construction workers can accurately implement 2D and 3D plans right from the start, while providing managers with the ability to continually monitor the progress of the layout implementation process.
  • Solar Materials — Solar Materials primarily engages in the development of technologies for the sustainable and economical recycling of solar modules.
  • Noble Gas Systems — Noble Gas manufactures high pressure, safe, light-weight, conformable gas storage and delivery for all compressed gasses, including nitrogen, air, oxygen, hydrogen and natural gas.
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Shanda Group
VC Fund · Menlo Park, California, United States · 2 investments in Iceland SaaS startups

Shanda Group is a private investment firm that was founded in 1999 by Tianqiao Chen and Chrissy Luo. The company works across venture capital, private equity, public markets, and real estate, prioritizing investments in the financial services, technology, and healthcare sectors. Shanda has offices in Shanghai, Hong Kong, New York, Singapore andMenlo Park. It invests in innovative companies and great management teams that have the vision and determination to change the world.

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Investment focus

  • Industry: Artificial Intelligence, Software, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 41
  • Round size: Seed $839k–$11M; Pre-Seed $100k–$750k; Series A $5.6M–$44M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • MiroFish — The World's First Open-Source Swarm Agent Prediction System. Web: https://t.co/F7gQDy0yXO Github: https://t.co/9MhcLAIs7N Discord: https://t.co/wCnMAT2I8f IG: @mirofish_ai
  • Buildroid — Autonomous steel factories. A new Steel Robotics experience is on the way.
  • Trener Robotics — Trener Robotics develops AI software that enables industrial robots to operate autonomously, adapt to variability, and deploy faster in manufacturing.
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Slack Fund
VC Fund · Daly City, California, United States · 2 investments in Iceland SaaS startups

The Slack Fund is a venture capital fund that invests in and collaborates with entrepreneurs creating the next great software companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 111
  • Round size: Seed $2M–$6.1M; Series A $8M–$30M; Series B $16M–$50M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Knapsack — Knapsack unites your design and product teams around a shared design system: a central source of truth. A design system platform serving designers and developers.
  • WorkMade — A smarter banking solution for freelancers: Automatically calculates, prepares, pays taxes, discovers write-offs, and gets you paid fast.
  • Ensemble AI — Ensemble introduces Dark Matter, a net-new ML algorithm that creates richer representations of your data to make any model, in any domain, perform better.
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Index Ventures
VC Fund · San Francisco, California, United States · 2 investments in Iceland SaaS startups

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 1339
  • Round size: Seed $1.5M–$15M; Series A $5M–$38M; Series B $11M–$102M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $117M in 2015

Portfolio highlights

  • Anrok — Anrok automates sales tax compliance across your financial stack, so you can grow your SaaS business in any market.
  • Pets Deli — PETS DELI is a leading D2C pet food brand in Germany with a clear focus on subscription based eCommerce, headquartered in Berlin. The company’s vision is to become the ultimate biggest and most customer centric D2C pet food brand in its core markets. PETS DELI’s unique business model is based on multiple diversified and recurring revenuestreams: The company markets its superior product offerings via online subscriptions, their online shop, offline flagship stores as well as selected partners in the most dominant retail chains.
  • Acutus Medical — Acutus Medical develops medical technologies to treat complex cardiac arrhythmia. The company's platform displays the heart’s true activation pattern, turning the chaos of a complex arrhythmia into a clear vision for electrophysiologists.Acutus Medical is a privately funded company founded in 2011 and based in Carlsbad, California. Itsproducts are co-developed in the U.S. and Europe with an exceptional team of medical scientists, biomedical engineers, and other professionals.It was founded in 2011 and headquartered in Carlsbad, California.
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Behold Ventures
VC Fund · 2 investments in Iceland SaaS startups

Behold Ventures is a venture capital fund supporting early-stage video game startups led by passionate entrepreneurs shaping the future of interactive entertainment.

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Investment focus

  • Industry: Gaming, Sports, eSports
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, Iceland, Finland

Investor stats

  • Total investments: 12
  • Round size: Seed $2.1M–$7M; Pre-Seed $500k–$750k
  • Lead/follow: 67% lead, 33% follow
  • Last fund: Likely still investing — raised $26M in 2022

Portfolio highlights

  • Honig Games — Honig Games is a mobile gaming company that builds and distributes high-quality games designed to be shared and experienced together. The company uses a multi-platform distribution approach to reduce reliance on any single app store for user acquisition. It incorporates AI-first development strategies to scale game production efficiently andsustainably. The studio focuses on creating mobile-first games that encourage community sharing and viral engagement.
  • Seven Stars — De perfecte match in IT. Die maken wij. Als IT-flex regisseur en specialist in IT-bemiddeling verbinden we professionals met de beste IT-opdrachten. Snel, soepel en zonder gedoe. We make IT spark.
  • Seven Stars — Seven Stars is a startup for creating captivating mobile games with a talented, diverse team.
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Sigþór Sigmarsson
Angel · London, England, United Kingdom · 2 investments in Iceland SaaS startups

Sigþór Sigmarsson is Finance director at Novato. He attended Háskóli Íslands.

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Investment focus

  • Industry: Software, Health Care, Banking
  • Stage:Seed, Series D, Venture - Series Unknown
  • Geography: Iceland, United Kingdom

Investor stats

  • Total investments: 4
  • Round size: Seed $400k–$1.8M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Genis — Genis is pioneering the development and application of therapeutic chitin derivatives.
  • Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
  • 3Z Pharmaceuticals — 3Z Pharmaceuticals provides research services intended to provide drug development services. It offers drug screening on sleep and epilepsy assays that helps in the development of drugs used to treat neurological disorders, enabling patients to get multiple drug efficacy and toxicity assays.Karl Karlsson and Haraldur Thorsteinsson founded 3ZPharmaceuticals in 2008. It based their company on their research on the sleeping patterns of the zebrafish at the Reykjavik University Neurolab in 2006.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Iceland SaaS startups

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 176
  • Round size: Seed $549k–$5.9M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Leetify — We help gamers identify their weaknesses, work on those weaknesses and track their progression.
  • UpCloud — World's fastest cloud servers with a 100% uptime SLA! Sign up for a free trial today.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
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Investa
VC Fund · Reykjavík, Gullbringusysla, Iceland · 2 investments in Iceland SaaS startups

Investa is an early stage investor in some of Iceland's most innovative startups. It invests primarily in companies in the technology sector offering products and solutions that have an international appeal.Its policy is to invest in a select few startups and spend a lot of time with them. In addition to investing, the company also providevarious advisory services from time to time to companies, investors and institutions that need help evaluating new opportunities.

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Investment focus

  • Industry: SaaS, Software, Events
  • Stage:Seed, Angel
  • Geography: Iceland, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $1M–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GRID — GRID is the spreadsheet engine for agentic products. Install from npm with a free evaluation license, build with your agent, and license commercially when you ship.
  • Travelade — Find recommendations and local insights from all across the world. Discover hidden gems, book experiences with best price guaranteed, create epic stories.
  • Aldin Dynamics — Aldin creates believable realities designed for presence & immersion.
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Chrysalix Venture Capital
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Iceland SaaS startups

Leading global venture capital fund that invests in resource intensive industries across North America and Europe.

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Investment focus

  • Industry: Energy, Manufacturing, CleanTech
  • Stage:Series B, Series A
  • Geography: United States, Canada, The Netherlands

Investor stats

  • Total investments: 108
  • Round size: Series A $2M–$16M; Series B $5.4M–$24M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Luffy AI — Discover Luffy AI's Neuroplastic AI for rapid, adaptive industrial control in robotics, drives, automotive, and more. Enhance system performance and reduce calibration needs. Replace or complement PID loops with Adaptive Control for your Physical AI usecase.
  • Geopyörä Oy — Geopyörä is the state of the art in rock breakage characterization testing and it was developed to allow mining companies to test several samples at low cost for geometallurgical, comminution design and control applications
  • Rithmik Solutions — We increase uptime in mines with advanced analytics that optimize maintenance and extend equipment life.
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Teya
VC Fund · London, England, United Kingdom · 2 investments in Iceland SaaS startups

Teya is an all-in-one solution for small and growing businesses. From payments, to loyalty, to the cash advance merchants use to give their shops that facelift – Teya has helped over 300,000 business owners to connect with the joy of running their business.

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Investment focus

  • Industry: Software, Financial Services, Information Technology
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Iceland, Turkey, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $1.2M–$3.8M; Venture - Series Unknown $3M–$4M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Odeal — Oedeal is a developer of an app designed for companies to take payments via mobile. With the help of the company's platform, shops can do away with cash registers and accept payments from customers using tablets, smartphones, or point-of-sale devices, allowing them to finish their purchases right away. Making it simpler for all entrepreneursto access financial services is central to their mission of boosting the competitiveness of both enterprises and the nation.
  • Fanbase — Fan engagement software built for the business of sport. Launch digital ticketing, memberships, hospitality packages in a matter of hours.
  • Flow — Flow is FinTech 3.0: It let's you automate payments between your bank accounts and wallets. Based on triggers and actions you can transfer your money automatically to the accounts you choose. Use Flow to automate a budgetting system, your investing, buying crypto or to distribute your money the way you like it. Where the previous generationpayment companies needed to build and maintain expensive payment rails, Flow focusses on leveraging Open Banking. People trust Flow to help with their cashflow automation.
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Reaktor Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Iceland SaaS startups

Reaktor Ventures they invest in seed stage companies and helps them to create markets.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Germany, United States

Investor stats

  • Total investments: 58
  • Round size: Seed $137k–$2M; Pre-Seed $159k–$1.8M; Series A $1.7M–$6.8M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
  • allies.digital — Allies is a match-making platform curating businesses with IT-, digital and creative agencies. No more miss-matches when buying IT & creative services.
  • StarBerry Games — StarBerry Games GmbH is a mobile games company based in Berlin, Germany. The company develops free-to-play casual mobile games and is best known for its games Merge Mayor and Idle Coffee Corp.
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Arion Bank
VC Fund · Reykjavík, Gullbringusysla, Iceland · 2 investments in Iceland SaaS startups

Arion bank offers financial services to companies, institutional investors, and individuals.

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Investment focus

  • Industry: Farming, Seafood, Mobile
  • Stage:Debt Financing, Seed, Post-IPO Debt
  • Geography: Iceland

Investor stats

  • Total investments: 8
  • Round size: Seed $15k–$670k; Debt Financing $84M–$148M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • LAXEY — LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.
  • Kaldvik — Kaldvík is a fishing company specializing in sustainable salmon farming. The company focuses on environmental responsibility, with an emphasis on eco-conscious practices, community engagement, and advanced salmon welfare management. Their operations are free from antibiotics and salmon lice, ensuring high-quality, ethically sourced products.
  • First Water — First Water is revolutionizing the salmon farming industry with its innovative approach to sustainable aquaculture. Founded in 2017, the company set out with a clear vision: to produce high-quality salmon while minimizing environmental impact and leading the way in responsible seafood production.
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BlueYard Capital
VC Fund · Berlin, Berlin, Germany · 2 investments in Iceland SaaS startups

BlueYard backs founders building the interconnected elements that can become the fabric of our future.

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Investment focus

  • Industry: Software, Biotechnology, Blockchain
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 112
  • Round size: Seed $1.2M–$14M; Pre-Seed $200k–$5.4M; Series A $7M–$47M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $185M in 2022

Portfolio highlights

  • Rapidata — Fast and reliable data labeling that powers your AI. Define your label needs now and get the results in minutes.
  • Blockspace — Blockspace is an Ethereum infrastructure company operate out-of-protocol transaction pipelines.
  • Blockspace — Connecting the world to Ethereum.
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Christian Jantzen
Angel · London, England, United Kingdom · 2 investments in Iceland SaaS startups

Danish angel investor, based in London.

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Investment focus

  • Industry: SaaS, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Denmark, Sweden, Finland

Investor stats

  • Total investments: 31
  • Round size: Seed $500k–$3.5M; Pre-Seed $233k–$1.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Heyhack — Automated web application security testing, protection, and reporting for software-as-a-service businesses.
  • Leetify — We help gamers identify their weaknesses, work on those weaknesses and track their progression.
  • LiveFlow — The easiest way to bring financial data into your spreadsheet. Automate your finances, consolidate your accounts and collaborate in real-time. Try LiveFlow for free today!
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Nordic Ignite
VC Fund · Oslo, Oslo, Norway · 2 investments in Iceland SaaS startups

Dedicated to supporting and investing in innovative startups

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Investment focus

  • Industry: SaaS, Travel, Content
  • Stage:Pre-Seed, Angel
  • Geography: Norway, Iceland, Sweden

Investor stats

  • Total investments: 5
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Sundra — Sundra turns the materials you already have into structured training courses in hours, then delivers them in 70+ languages. Built for HR and L&D teams.
  • Vandre — Vandre - Sustainable workwear lifecycle management
  • Vilje Bionics — 1 in 4 will be affected by a stroke during their lifetime. Many stroke survivors must live with permanently impaired arm and hand function. This significant disability makes them dependent on others for activities in daily life and leads to painful complications such as stiff joints. Vilje Bionics offers the world’s first commercial and mobilerobotic exoskeleton that assists motion in the entire arm. With the help of our smart sensors and unique software, the user controls the movement of the assistive device. The aid is hence not a prosthesis, but an exoskeleton assisting a disabled arm. Our solution transforms dreams into possibilities. We provide a) independence in tasks that require two hands, b) increased energy for hobbies and social activities, c)support of weakened shoulder, without passivizing it, and d) preventing strain injuries and pain due to e.g., contractures and stiff joints.
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Riverstone Ventures
VC Fund · Nyack, New York, United States · 1 investments in Iceland SaaS startups

Riverstone Ventures focuses on early stage climatetech companies.

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Investment focus

  • Industry: SaaS, Software, Marine Technology
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Hefring Marine — Hefring Marine's on-board AI saves fuel consumption, significantly reduces carbon emissions and improves safety in boats and vessels through our real time sea navigation guidance for both manned and unmanned vessels.
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APX
VC Fund · Berlin, Berlin, Germany · 1 investments in Iceland SaaS startups

APX is Europe’s leading very-early-stage VC. Based in Berlin and backed by Axel Springer and Porsche, we support and partner with the most ambitious founding teams from Europe and beyond - often as their first investor.We invest up to EUR 500K in startups until a series A starting with a quick EUR 50K investment, and within a few months,depending on traction and speed, we can invest further. Each month we invest in new teams who become part of the APX community, counting hundreds of other founders. Since 2018, we have invested in 100+ startups across 20+ industries with founders from 20+ countries together with 100+ co-investors.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 177
  • Lead/follow: no public data

Portfolio highlights

  • Bloom — Bloom is creating the social layer for modern finance, transforming your performance into social content that others can discover, replicate, and learn from.
  • DC Connected — Mobility Enhancement Platform
  • Synergi — Synergi app features smart charging, smart climate, solar charging, and more to help you use electricity when it's cheap and good for the planet. Start saving and earning with smart electricity use!
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Export and Investment Fund
VC Fund · Hellerup, Hovedstaden, Denmark · 1 investments in Iceland SaaS startups

Denmark's Export and Investment Fund (EIFO) serves as a single point of contact for Danish firms seeking risk-tolerant government finance. We aspire to help successful enterprises that can expand the Danish economy and green the world on a daily basis, guided by professionalism and an international perspective.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Seed, Series A
  • Geography: Denmark, United States, United Kingdom

Investor stats

  • Total investments: 82
  • Lead/follow: no public data

Portfolio highlights

  • Kvantify — Quantum computing will revolutionize many aspects of computing. We can help your business harness the full potential of Quantum Computing and High-Performance Computing today.
  • Propane — Propane is an AI-powered operating system for customer intelligence, built for modern product and GTM teams. It automates continuous customer and user research through embedded AI agents, integrated workflows, and real-time analysis—turning feedback into a scalable system, not a one-off task.
  • Akson Robotics — Akson Robotics is a developer of AI and robotics-based products that focus on greener and efficient agriculture through precision farming.
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KOMPAS VC
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Iceland SaaS startups

KOMPAS is an early-stage venture capital firm with offices in Amsterdam, Berlin, Copenhagen and Tel Aviv. We fund breakthrough innovations that accelerate the digital transformation and decarbonisation of the building and manufacturing industries. KOMPAS invests €1.0 – 5.0 million in Seed and Series A rounds with continued support throughout thecompany’s entire lifecycle. We partner with exceptional founders who disrupt the way buildings are designed, built and managed. We strive to eliminate emissions from building and manufacturing activity, reduce energy consumption, promote sustainable building materials, eliminate waste and support a circular economy. We invest in digital technology and automation to make industrial processes from procurement to manufacturing more efficient. We operate with purpose whilst delivering strong financial returns to our investors.

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Investment focus

  • Industry: Software, Construction, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Israel, United States

Investor stats

  • Total investments: 31
  • Lead/follow: no public data

Portfolio highlights

  • Tibo Energy — To make sure you operate within the limits of your contract we control your network. We avoid congestion in your energy network.
  • NeoLogic (VLSI) — NeoLogic was founded to address the increasing workloads of video, artificial intelligence, machine learning, data analytics, and more in the cloud and at the edge. we developer a unique technology that cuts down the transistor count of circuits by a factor of up to 3x at any technology node.
  • Makersite — AI, data and apps for procurement, product design and expert teams to make faster sustainable product and supply chain decisions, at scale.
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Eyrir Invest
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland SaaS startups

Eyrir Invest is an international investment company that focuses on investments in industrial companies that have the potential to become true global leaders.

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Investment focus

  • Industry: Big Data, Analytics, Enterprise Software
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Activity Stream — Activity Stream is a marketing platform made exclusively for the event industry.
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Iceland SaaS startups

Faber is a Lisbon-based venture capital firm investing in outstanding entrepreneurs who innovate at the intersection of science and technology to drive digital transformation and climate action. The firm combines a specialist focus on deep tech early-stage startups with dedicated funds, investment teams and expert advisors to actively helpfounders build global companies powered by AI/Data, Web3 or Ocean/Climate technologies.Faber’s unique approach in Southern Europe is led by an entrepreneurial management partnership and backed by notable thesis-driven institutions and private investors. Investing since 2013, the firm has been an early investor in hard tech companies such as Unbabel, SWORD Health, Codacy, iLoF or YData.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 76
  • Lead/follow: no public data

Portfolio highlights

  • YPLASMA — YPlasma, an INTA spin-off, develops plasma actuators for ionic flow control, enabling advancements in Energy and Electronics.
  • RESONIKS — It's data that drives resilient and sustainable supply chains. Implement SUPPLYZ solutions to gather real-time inventory data for your products and materials and use this data to automate your processes, offer new services and prevent supply chain disruptions. SUPPLYZ can be implemented for both industrial and consumer applications
  • Zymvol Biomodeling — Physics-AI hyperrealistic enzyme discovery. ZYMVOL helps R&D managers uncover hidden opportunities and screen areas overlooked by traditional methods.
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Keen Venture Partners
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Iceland SaaS startups

Keen Venture Partners is a radically human venture capital firm that invests in fast-growing European scale-ups at the Series A and Series B stages

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: The Netherlands, Germany, United States

Investor stats

  • Total investments: 41
  • Lead/follow: no public data

Portfolio highlights

  • VonWood — Your digital marketplace for professional timber. Buy your timber quick and easy. Directly from the sawmill, directly to you.
  • Beekeeper — Beekeeper is the employee app built for frontline success. Connect frontline teams, boost engagement, and make every shift more productive.
  • Withlocals — Book unique and memorable travel experiences guided by locals worldwide
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Tennin
VC Fund · 1 investments in Iceland SaaS startups

Tennin is an early-stage angel investment firm.

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Investment focus

  • Stage:Series A
  • Geography: Iceland

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Alda — Culture made actionable: track, train, and transform workplace culture with Alda's all-in-one platform!
  • Smitten — Smitten is the future of online dating, where people actually have fun being single.
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Shubert Organization
VC Fund · New York, New York, United States · 1 investments in Iceland SaaS startups

Shubert Organization owns, operates, and manages theatres in New York; and Philadelphia, Pennsylvania.The organization also produces plays and musicals in New York City and other parts of the United States; operates a ticketing agency for theatres in New York City; and provides a research repository of theatrical documents and other relateditems. In addition, the company offers a source for various ticketing needs, including box office, telephone, internet, season and subscription, group, and more sales to various segments of the entertainment industry.Shubert Organization was formerly known as Select Theatres Corporation and changed its name to Shubert Organization in 1973.The company was founded in 1900 and is based in New York, United States. It operates as a subsidiary of The Shubert Foundation, Inc.

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Investment focus

  • Industry: Big Data, Analytics, Enterprise Software
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Activity Stream — Activity Stream is a marketing platform made exclusively for the event industry.
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Ridge Ventures
VC Fund · San Francisco, California, United States · 1 investments in Iceland SaaS startups, 11 in the past 12 months

Ridge Ventures (formerly IDG Ventures) is an early stage venture capital fund investing in experienced founders redefining how the world uses software.

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Investment focus

  • Industry: Software, Internet, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Finland

Investor stats

  • Total investments: 177
  • Lead/follow: no public data

Portfolio highlights

  • eSelf AI — eSelf AI redefines face-to-face interactions with human-like video conversations.
  • Prompt Security — Prompt Security protects organizations from all risks associated with Generative AI such as Prompt Injection, Data Leaks, Shadow AI, etc. Secure all uses of Generative AI in the organization: from GenAI tools used by employees to GenAI integrations in customer-facing products.
  • Arya Health — Digital agents to transform how your front office engages your clinical workforce.
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Experian
VC Fund · Dublin, Dublin, Ireland · 1 investments in Iceland SaaS startups

Experian is a global information services company that provides information, analytical tools, and marketing services to help clients manage their commercial and financial decisions. The company helps organizations manage credit risk, prevent fraud, target marketing offers, and automate decision making. It also enables individuals to check theircredit report and credit score as well as protect against identity theft.The company is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index.Experian was co-founded by Michael A Barron and Bernie Brenner in January 1980 and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, United Kingdom; California, United States; and São Paulo, Brazil.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Series B, Corporate Round, Seed
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 24
  • Lead/follow: no public data

Portfolio highlights

  • Floid — Open Finance para conectar de forma segura con los datos financieros de tus clientes
  • Reward Insight — We are Reward. Loyalty. Technology. Marketing. We get retailers and banks closer to consumers with our unique combination of purchase insights and loyalty-tech.
  • Lucinity — Money laundering is the crime that fuels crime. Lucinity's mission is to Make Money Good® by combining the best of human and artificial intelligence. Lucinity uses Human AI to help banks fight financial crime more efficiently. By designing its AML platform around man and machine, Lucinity allows banks to increase their AML programs'productivity.Lucinity identifies suspicious activity through its proprietary behavior detection system. The approach is entirely risk-based and allows customers to control their risk exposure before efficiently reviewing AML alerts in the Lucinity Case Manager.The company was founded by industry veterans. The core team has experience from Tier-1 banks, international regulators, and leading legacy vendors. Lucinity takes great pride in being the enterprise-ready AML startup that brings the novelty and excitement of a startup and the professionalism and experience of an incumbent.
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L-Acoustics
VC Fund · Marcoussis, Bretagne, France · 1 investments in Iceland SaaS startups

Welcome to L-Acoustics. We set the benchmark for pro audio sound systems and are always at the cutting-edge of audio technology.

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Investment focus

  • Industry: Audio, Music, Software
  • Stage:Series B
  • Geography: United States

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Mixhalo — Mixhalo is a real-time audio platform that delivers an immersive experience for live events including concerts, conferences, festivals, sporting events, and anywhere people gather to hear content. Founded by Incubus Guitarist and songwriter Mike Einziger and internationally-acclaimed violinist, Ann Marie Simpson-Einziger, Mixhalo enables live eventorganizers to give audiences exactly what they came for, with real-time audio delivered directly to attendees’ own phones (via a free app) and headphones.It was established in 2016 and is headquartered in San Francisco, California.
  • Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
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Tuesday Capital
VC Fund · San Francisco, California, United States · 1 investments in Iceland SaaS startups

Tuesday Capital (formerly CrunchFund) has been helping early-stage founders build the companies of tomorrow since 2011.

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Investment focus

  • Industry: Software, Mobile, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Mexico, United Kingdom

Investor stats

  • Total investments: 222
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $750k–$5.5M; Series A $3M–$17M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Onfido, an Entrust company — Onfido digitally proves a user’s real identity using AI technology, by verifying their photo ID and comparing it to their facial biometrics. It means users and businesses can verify their online identities anywhere and anytime, without compromising on experience, inclusion, privacy or security. Onfido powers over 1,500 fintech, banking, andmarketplace clients globally—helping them onboard more users while reducing risk. Identity underpins all transactions, and over the coming years, access to everything will be based on every user's ability to easily and securely prove their legal identity. This will change how we think of access—everything from opening a bank account to self-checking-in to a hotel, and ultimately voting.
  • Opendoor Technologies — Opendoor is the new way to sell your home. Skip the hassle of listing, showings and months of stress, and close on your own timeline. Get a free offer today!
  • Karma Biotechnologies — Dapatkan hasil live draw sdy pools siang ini dan live draw sgp hari ini tercepat dari singapore pools. Tersedia juga result resmi dari pusat live draw hk lotto 6d, data akurat dari hongkong pools, transparan, dan terpercaya di Indonesia dengan sistem update otomatis tanpa delay setiap hari.
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Tencent
VC Fund · Shenzhen, Guangdong, China · 1 investments in Iceland SaaS startups

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 539
  • Round size: Series A $3.5M–$140M; Series B $15M–$283M; Series C $34M–$400M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Utaite — Utaite is an operator of an entertainment platform that focuses on planning, production, and development of entertainment content.
  • Phytech — Helping the world's top growers to optimize production by connecting them to their plants. Welcome to the Plant-based Farming Revolution
  • Rocketwerkz — RocketWerkz aims to create interactive experiences that challenge players to reach for the stars.
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Wellington Partners
VC Fund · Munich, Bayern, Germany · 1 investments in Iceland SaaS startups

Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 201
  • Round size: Series A $3.1M–$36M; Series B $8.3M–$60M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $222M in 2019

Portfolio highlights

  • nyra health — nyra health is an artificial intelligence and evidence-based neurological research tablet app that offers a revolutionary form of therapy. nyra health was founded in 2020 and was headquartered in Vienna, Austria.
  • Nuclidium — NUCLIDIUM is a clinical-stage radiopharmaceutical company that develops novel radionuclide PET tracers for precision diagnostics. Using copper isotopes, Copper-61 for diagnostics and Copper-67 for therapeutics, the company is creating a differentiated platform with the potential to overcome existing limitations in radiotheranostics.
  • Beren Therapeutics — Founded to serve patients through transformative medicines
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Börkur Arnviðarson
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Iceland SaaS startups

Börkur Arnviðarson

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Investment focus

  • Industry: Software, Virtual Reality, AI Infrastructure
  • Stage:Seed
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
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Omega Algae
VC Fund · Hveragerði, Arnessysla, Iceland · 1 investments in Iceland SaaS startups

Omega Algae Iceland emphasis to become a global, innovative, cost-effective and sustainable supplier of high quality ingredients extracted from Algae.Omega Algae, based in Iceland, emerged from an initiative of five founders who developed specific systems to maximize the utilisation of the resources supplied by nature to grow one of the oldestand essential organisms in the existence of life on earth. Realizing that the world population is growing, and food chains are stressed to supply the essential elements for the continuance of a healthy future, Omega Algae is able to address these challenges with efficient solutions.

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Investment focus

  • Industry: Software, Virtual Reality, AI Infrastructure
  • Stage:Seed
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
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MD ONE Ventures
VC Fund · London, England, United Kingdom · 1 investments in Iceland SaaS startups

MD One Ventures is the Venture Capital team dedicated to supporting National Security Innovation for the UK and Allies. We invest in the frontier technologies that matter.

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Investment focus

  • Industry: SaaS, Security, Cyber Security
  • Stage:Seed, Series A
  • Geography: United Kingdom, Israel

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Bifrost AI — Build AI in a day instead of a year, at a fraction of the price, with the Bifrost synthetic data engine.
  • Hefring Marine — Hefring Marine's on-board AI saves fuel consumption, significantly reduces carbon emissions and improves safety in boats and vessels through our real time sea navigation guidance for both manned and unmanned vessels.
  • Milvus Advanced — Our Midas-touch alloys replicate the functional properties of platinum-group metals at a fraction of the cost.
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CAA Ventures
VC Fund · Los Angeles, California, United States · 1 investments in Iceland SaaS startups

The intersection of culture + commerce. Investing in next wave entrepreneurs.

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Investment focus

  • Industry: Mobile, Internet, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Iceland

Investor stats

  • Total investments: 61
  • Round size: Seed $1.1M–$5.8M; Series A $2.5M–$23M; Series B $14M–$45M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2013

Portfolio highlights

  • Bungalow — Bungalow is a residential real estate platform that provides renters with a more convenient, flexible, and communal living solution. It utilizes existing housing supply by signing long-term leases with homeowners, and offers multi-bedroom homes in some of the most desirable neighborhoods in cities throughout the United States.Bungalow offersprivate bedrooms with handpicked housemates in beautifully furnished homes across seven major cities. Each home comes furnished and includes wifi, utilities, housekeeping, and monthly community events for members.Andrew Collins and Justin McCarty founded Bungalow in 2016. Its headquarters is in San Francisco in California.
  • DeSo Foundation — DeSo is a layer -1 blockchain designed to build and scale decentralized social apps to 1 Billion users. Take back ownership of your content and social graph with web3 versions of Twitter and LinkedIn.
  • Big Shot Pictures — Big Shot Pictures is an animation and live-action production company that combines storytelling expertise with cutting-edge technology.
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Menlo Ventures
VC Fund · San Francisco, California, United States · 1 investments in Iceland SaaS startups

Menlo Ventures is a Bay Area venture capital firm that pursues companies with the potential to disrupt huge markets. We invest in all stages, across consumer, enterprise, and healthcare technologies.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: United States, Canada, Sweden

Investor stats

  • Total investments: 673
  • Round size: Series A $6.3M–$60M; Series B $10M–$78M; Series C $12M–$120M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $100M in 2024

Portfolio highlights

  • nLIGHT — Leading the world in high-power lasers for mission-critical directed energy, sensing, and advanced manufacturing applications.
  • Scality — Object storage solutions for enterprises to store, protect, and manage data across hybrid and multi-cloud environments.
  • Socialcast — Socialcast is a leading provider of Enterprise collaboration software to facilitate real-time employee communication while analyzing the social graph for measures of productivity. Socialcast is deployed either on-premise or on-demand using activity streams to effectively accelerate information awareness amongst employees.
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Sequoia Capital
VC Fund · Menlo Park, California, United States · 1 investments in Iceland SaaS startups, 92 in the past 12 months

We help the daring build legendary companies.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, India

Investor stats

  • Total investments: 1318
  • Lead/follow: no public data

Portfolio highlights

  • Roon — Your Trusted Guide for Health Conditions. Today we are focused on GBM, ALS, Dementia, and Fertility and Family Building.
  • Harmonic — Harmonic builds mathematical superintelligence. The company develops Mathematical Superintelligence (MSI), a next-generation artificial intelligence based on mathematical principles that ensures accuracy and eliminate hallucinations.
  • Pydantic Services — The team behind Pydantic are build developer tools that put developers first.
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Headline
VC Fund · San Francisco, California, United States · 1 investments in Iceland SaaS startups, 23 in the past 12 months

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 398
  • Lead/follow: no public data

Portfolio highlights

  • Heidi Health — Heidi Health is modernizing primary care with AI-powered technologies to improve care's quality and accessibility. its creators and engineers is to completely eradicate missed and sluggish diagnoses worldwide. They are committed to bridging the gap between the level of care that patients desire and the level of care that doctors can delivergiven their budget constraints. To create a platform where patients can quickly and easily get the treatment they require and to give every clinician the resources they need to deliver care that is secure, efficient,
  • Closinglock — Closinglock is modernizing the real estate world’s way of transferring information to eliminate wire fraud & protect buyers.
  • Cycles Nutrition — Cycles Nutrition provides science-backed, accessible nutritional strategies that empower health-conscious individuals to optimize longevity and enhance quality of life.
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Greycroft
VC Fund · New York, New York, United States · 1 investments in Iceland SaaS startups, 21 in the past 12 months

Venture capital and technology investments

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 650
  • Lead/follow: no public data

Portfolio highlights

  • Cartesia — Cartesia provides real-time multimodal intelligence for all devices. Its objective is to develop the next generation of AI: pervasive, interactive intelligence that operates everywhere.
  • Prezent AI — Presentation productivity platform for enterprise teams. Add zen to your presentations!
  • Together AI — Together will enable researchers, developers & companies to leverage and improve artificial intelligence with an intuitive data, models & computation platform.
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SaaS Investor funding in Iceland at a glance

Stats across 192 deals from 137 investors.

137
investors
in Iceland SaaS startups
192
deals
in Iceland SaaS startups
$769k
median round
in Iceland SaaS startups
48%
lead investors
lead at least one round
31%
Seed
most common funding stage
84/16
VC / Angel
share of investor count

Access all 137 investors in Iceland SaaS startups.

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