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Top 50 SaaS Startup Investors in Iceland (June 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
Frumtak Ventures
VC Fund
20 Iceland, Estonia, United States Seed, Series A Software, Information Technology, SaaS $974k–$20M
New Business Venture Fund
VC Fund
18 Iceland, United States, China Seed, Series A Software, Health Care, Medical $400k–$3.4M
Brunnur Ventures
VC Fund
14 Iceland, United States, Denmark Seed, Series A Software, SaaS, Gaming $1M–$18M
Crowberry Capital
VC Fund
8 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $1k–$17M
byFounders
VC Fund
3 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $800k–$65M
Karma Ventures
VC Fund
3 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, FinTech $549k–$30M
Iceland Venture Studio
VC Fund
3 Iceland, India, Israel Seed, Pre-Seed Software, Health Care, B2B $500k–$3M
Preceptor Capital
VC Fund
3 Iceland, United States Seed, Series A FinTech, Computer, Software $2M–$6.1M
Novator
VC Fund
3 United Kingdom, United States, Iceland Series B, Series C Software, E-Commerce, Online Games $16M–$450M
Investa
VC Fund
2 Iceland, United States Seed, Angel SaaS, Software, Events $1M–$1.3M
Saint-Gobain NOVA
VC Fund
2 United States, Germany, Israel Seed, Series B, Series A Energy, Software, Construction $1.5M–$25M
Reaktor Ventures
VC Fund
2 Finland, Germany, United States Seed, Pre-Seed, Series A Internet, Software, E-Commerce $137k–$6.6M
Shanda Group
VC Fund
2 United States, China, Israel Seed, Series A, Pre-Seed Artificial Intelligence, Software, Health Care $100k–$44M
Arion Bank
VC Fund
2 Iceland Debt Financing, Seed, Post-IPO Debt Farming, Seafood, Mobile $15k–$148M
Behold Ventures
VC Fund
2 Sweden, Iceland, Finland Seed, Pre-Seed Gaming, Sports, eSports $500k–$7M
Christian Jantzen
Angel
2 Denmark, Sweden, Finland Seed, Pre-Seed, Angel Software, SaaS, Information Technology $233k–$3.5M
Sigþór Sigmarsson
Angel
2 Iceland, United Kingdom Seed, Series D Software, Health Care, Banking $400k–$1.7M
Index Ventures
VC Fund
2 United States, United Kingdom, France Series A, Series B, Seed Software, E-Commerce, Internet $1.3M–$100M
Slack Fund
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, SaaS, Internet $2M–$50M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$23M
Chrysalix Venture Capital
VC Fund
2 United States, Canada, The Netherlands Series B, Series A Energy, Manufacturing, CleanTech $2M–$24M
BlueYard Capital
VC Fund
2 United States, Germany, United Kingdom Seed, Series A Software, Biotechnology, Internet $1.2M–$47M
David Helgason
Angel
2 United States, Denmark, Finland Seed, Series A Software, Gaming, Information Technology $1.1M–$30M
Export and Investment Fund
VC Fund
1 Denmark, United States, United Kingdom Seed, Series A Software, Biotechnology, Information Technology
Charles Huang
Angel
1 Taiwan, Iceland Seed, Series B Apps, Music, Computer
APX
VC Fund
1 Germany, United Kingdom, United States Pre-Seed, Seed, Series A Software, SaaS, Information Technology
Jon S. von Tetzchner
Angel
1 Iceland Seed Travel, Tourism, Search Engine
KOMPAS VC
VC Fund
1 Germany, Israel, United States Series A, Seed, Series B Software, Construction, Information Technology
Keen Venture Partners
VC Fund
1 The Netherlands, Germany, United States Series A, Series B, Seed Software, SaaS, Artificial Intelligence
Innoport
VC Fund
1 Germany, India, Togo Seed, Series A Software, SaaS, Logistics
Eyrir Invest
VC Fund
1 Iceland Big Data, Analytics, Enterprise Software
Hermann Kristjánsson
Angel
1 Iceland Seed Hardware, Software, Photography
Faber
VC Fund
1 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS
Novelis
VC Fund
1 United States, Iceland, United Kingdom Series A, Seed, Series B Information Technology, Manufacturing, Artificial Intelligence
Tennin
VC Fund
1 Iceland Series A
Headline
VC Fund
1 United States, Germany, United Kingdom Series A, Series B, Seed Software, E-Commerce, Information Technology
Shubert Organization
VC Fund
1 Iceland Big Data, Analytics, Enterprise Software
Eyrir Vöxtur
VC Fund
1 Iceland Seed Legal, Legal Tech, Document Management
MGMT Ventures
VC Fund
1 Iceland Pre-Seed Gaming, Sports, Seafood
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
Nick Gatfield
Angel
1 France, Iceland, United Kingdom Seed, Pre-Seed Internet, TV, Apps
L-Acoustics
VC Fund
1 United States Series B Audio, Music, Software
Börkur Arnviðarson
Angel
1 Iceland Seed Software, Information Technology
Ari Helgason
Angel
1 United Kingdom, France, Denmark Seed, Series A, Angel Software, SaaS, Analytics $2.5M–$17M
Capital A Partners
VC Fund
1 United States, India, Sweden Seed, Series A Software, 3D Printing, 3D Technology $270k–$7M
CAA Ventures
VC Fund
1 United States, Canada, Iceland Series A, Seed, Series B Mobile, Internet, E-Commerce $1.1M–$45M
Kjartan Olafsson
Angel
1 Denmark, Iceland Angel, Series A Software, B2B, Apps
New Enterprise Associates
VC Fund
1 United States, India, United Kingdom Series A, Series B, Series C Software, Health Care, Biotechnology $5.3M–$103M
Tuesday Capital
VC Fund
1 United States, Mexico, United Kingdom Seed, Series A, Pre-Seed Software, Mobile, Internet $750k–$17M
Access all 114 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

Frumtak Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 20 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: 40
  • Round size: Seed $974k–$4.7M; Series A $1.2M–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Optise — Optise is an AI-powered website insights tool for B2B businesses.
  • 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
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New Business Venture Fund
VC Fund · Reykjavík, Gullbringusysla, Iceland · 18 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, Medical
  • Stage:Seed, Series A
  • Geography: Iceland, United States, China

Investor stats

  • Total investments: 38
  • Round size: Seed $400k–$2.6M; Series A $450k–$3.4M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • HorseDay — HorseDay is a mobile application to track horse activities.
  • Spectaflow — Spectaflow is a SaaS solution for accommodations businesses focused on improving housekeeping and maintenance workflows
  • PayAnalytics — PayAnalytics, a leading pay equity and workforce analytics solution, aids companies in closing pay gaps and fostering workplace equity. Ensure compliance with pay transparency regulations, assess wage disparities, and analyze workforce demographics conveniently.
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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
  • Geography: Iceland, United States, Denmark

Investor stats

  • Total investments: 31
  • Round size: Seed $1M–$5.3M; Series A $1.5M–$18M
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — raised $65M in 2021

Portfolio highlights

  • Axelyf — Axelyf is a biotechnology company that offers RNA medicines through safer and more effective lipid nanoparticle delivery.
  • Oculis — Experience the Future of Eye Care: Oculis, a Clinical Biopharmaceutical Innovator, Pioneering Breakthrough Treatments for Ophthalmic Diseases & Transforming Lives Globally.
  • Standby Deposits — Standby Deposits is a rental security deposit replacement based on credit.
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Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 8 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: 48
  • Round size: Seed $1.6M–$4.7M; Pre-Seed $1k–$1.3M; Series A $5.7M–$17M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Prescriby — Prescriby is a digital treatment system developer to combat the opioid crisis by improving prescription safety and monitoring.Prescriby features a treatment generator and dashboard monitor to simplify complex health information, allowing clinics to give individualized data-driven therapies and safer monitoring for their customers.
  • Dreamdata — Dreamdata is a B2B Revenue Attribution Platform that gathers, joins, cleans all revenue-related data to present transparent, actionable analysis of what drives B2B revenue. The ultimate B2B multi-touch attribution tool for multi-techstack businesses.
  • Mainframe Industries — Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that thepromise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Iceland SaaS startups, 16 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: 104
  • Round size: Seed $1.5M–$8M; Pre-Seed $800k–$4.2M; Series A $6.1M–$65M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $117M in 2021

Portfolio highlights

  • Flare — Flare builds infrastructure for a more internet by connecting real-world data with machine learning in a verifiable way.This combines human intelligence with advanced AI to improve the clarity and reliability of information.Its goal is to create a shared, high-quality knowledge foundation that helps people navigate information with confidence.
  • Verda (formerly DataCrunch) — DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models
  • Spiral Hydrogen — Spiral Hydrogen's mission is to lower the price of green hydrogen below that of fossil hydrogen, so opening up an industry for decarbonization and making hydrogen transportation and heating commercially viable.
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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, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 49
  • Round size: Seed $549k–$4.4M; Series A $4.4M–$16M; Series B $2.8M–$30M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $106M in 2021

Portfolio highlights

  • Minut — Minut keeps your home safe and your neighbors happy while respecting your guests' privacy. Monitor noise and occupancy, secure your home, and enhance guest experience. Only Minut gives you the full insight you need to protect your homes, all in one single sensor.
  • Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
  • Commsignia — Trust for the road ahead.
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Iceland Venture Studio
VC Fund · Reykjavík, Gullbringusysla, Iceland · 3 investments in Iceland SaaS startups

We help people grow and build decentralized companies

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Investment focus

  • Industry: Software, Health Care, B2B
  • Stage:Seed, Pre-Seed
  • Geography: Iceland, India, Israel

Investor stats

  • Total investments: 12
  • Round size: Seed $500k–$3M; Pre-Seed $950k–$1M
  • Lead/follow: 25% lead, 75% 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.
  • Expertrons — Expertrons is an upskilling platform that offers advanced training programs | BSFI | HR | Marketing and many more to assure 100% professional success.
  • 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.
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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 — Revolutionize identity management with Anonybit! Unmatched privacy, strong authentication, and secure solutions for a safer digital world.
  • 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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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: 59
  • Round size: Series B $16M–$125M; Series C $16M–$450M
  • Lead/follow: 37% lead, 63% 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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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 — A spreadsheet technology company building cutting-edge spreadsheet solutions optimized for AI and modern applications.
  • 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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Access 48,091 investors

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

Browse database — It's Free!
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, Software, Construction
  • Stage:Seed, Series B, Series A
  • Geography: United States, Germany, Israel

Investor stats

  • Total investments: 24
  • Round size: Seed $1.5M–$7M; Series A $3M–$12M; Series B $4.2M–$25M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • LIGHTYX — LightYX is an innovative startup in the construction-tech industry that has recently been chosen as THE most promising Israeli startup in the construction-tech arena and one of the top 5 global startups in construction for 2019 (“Builtworld”, Germany) and has been recognized as one of the most promising projects in deep tech to date (“Hellotomorrow”, Paris). It was founded by 3 experienced engineers that have previously held senior roles in global technology companies. LightYX developed a unique robotic system, called the LightYX BeamerOne™, that projects an adaptive projected reality of any 2 or 3D blueprints onto the construction surface itself with an accurate laser down to the millimeters. This way, construction workers can easily see the blueprints to scale without having to mark the work surface themselves. This means many day-to-day mistakes can be avoided But there’s more! LightYX’s BeamerOne can also detect mismatches between the BIM model and the “as built”. The operator can then modify the projection on site, and adjust it to the "As Built" by moving elements around on LightYX's proprietary mobile app. All they need to do now is save the updated version and send it back to the architect for approval and then share it with other project stakeholders. LightYX’s innovation has become the answer for issues that arise day to day on construction sites.
  • Hyperframe — Hyperframe develops a commercial metal wall framing system for large towers and commercial structures, enabling snap-together assembly that is 5x faster than traditional methods. Its automated, all-digital manufacturing process integrates with proprietary HyperBIM software, which coordinates the framing model with as-built conditions using pointcloud data. An AR app ensures precise on-site installation. The system eliminates scrap and significantly boosts schedule, quality, and safety.
  • Fortera — 8% of global greenhouse emissions are caused by cement manufacturing, accounting for more than 3.5 billion tons of CO2 produced each year. Fortera addresses CO2 emissions directly from the kiln.
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Reaktor Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Iceland SaaS startups

Reaktor Ventures has moved to the next phase by focusing its efforts to actively supporting current portfolio companies. This means that the fund has ended its investment period and is not investing into new companies. Between 2013 and 2018 we have invested into 42 different companies and one early stage fund. We will naturally keep makingfollow-up investments to current portfolio companies.

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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: 54
  • Round size: Seed $137k–$2M; Pre-Seed $159k–$1.8M; Series A $1.7M–$6.6M
  • Lead/follow: 13% lead, 87% 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
  • Swappie — Buy refurbished iPhones at an affordable price - Swappie offers refurbished and cheap iPhones with a free 12-month Swappie warranty.
  • Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.
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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: 40
  • Round size: Seed $839k–$11M; Pre-Seed $100k–$750k; Series A $5.6M–$44M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • MiroFish — MiroFish is an AI prediction engine driven by multi - agent technology.
  • Buildroid — Buildroid is a robotics company that develop a humanoid robot for construction purpose. Buildroid AI bringing robotics and AI to the construction site.We transform active job sites by integrating specialized robots directly into contractor workflows. Our AI platform connects BIM models with real-world execution through Digital Twin simulations andproprietary orchestration software. We’re partnering with developers, contractors, and government bodies to bring robotics to large-scale projects. Only a few pilot slots remain for 2025 — contact us today to reserve yours and receive a tailored ROI calculation.
  • 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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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: 7
  • Round size: Seed $15k–$670k; Debt Financing $107M–$148M
  • Lead/follow: 14% lead, 86% 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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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
  • Geography: Sweden, Iceland, Finland

Investor stats

  • Total investments: 10
  • Round size: Seed $2.2M–$7M; Pre-Seed $500k–$750k
  • Lead/follow: 70% lead, 30% follow
  • Last fund: Likely still investing — raised $26M in 2022

Portfolio highlights

  • Lurkit — Lurkit is a sophisticated ecosystem for data driven collaborations between content creators, game developers and publishers.
  • Dead Astronauts — Dead Astronauts reinvents open-world game experiences with technical innovation at the core of the company and PLAYER CREATIVITY at the core of the games we make.
  • Seven Stars — Seven Stars is a startup for creating captivating mobile games with a talented, diverse team.
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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: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Denmark, Sweden, Finland

Investor stats

  • Total investments: 28
  • Round size: Seed $500k–$3.5M; Pre-Seed $233k–$1.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Medusa — The most flexible commerce platform for developers and agents
  • Heyhack — Automated web application security testing, protection, and reporting for software-as-a-service businesses.
  • Fullview — Fullview let's you instantly monitor, control and analyze user sessions for faster real time customer support. No downloads. Easy to integrate.
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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
  • Geography: Iceland, United Kingdom

Investor stats

  • Total investments: 4
  • Round size: Seed $400k–$1.7M
  • 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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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: 1091
  • Round size: Seed $1.3M–$12M; Series A $5M–$35M; Series B $10M–$100M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $117M in 2015

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.
  • Personio — Personio is the Intelligent HR platform for companies from 10-5,000 employees, powering over 1 million people worldwide. Book your free demo today.
  • Persona — Online ID verification service to help any business, from any industry, collect, verify, and manage user identities throughout a customer lifecycle.
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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, Internet
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 108
  • 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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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: 165
  • Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$23M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
  • Reveel — Say goodbye to paper maps, brochures, and outdated audio guides. Reveel offers digital solutions for destinations such as UNESCO sites, sights, museums, cities, hotels and parks, taking the visitor experience to the next level. Become part of the smart destination movement, enhance the visitor experience, and discover the future of travel.
  • 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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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: 105
  • Round size: Series A $2M–$18M; Series B $5.4M–$24M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • 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
  • General Fusion — General Fusion is developing fusion energy: a clean, safe, abundant and on-demand approach to generating electricity.
  • Rithmik Solutions — We increase uptime in mines with advanced analytics that optimize maintenance and extend equipment life.
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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, Internet
  • Stage:Seed, Series A
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 108
  • Round size: Seed $1.2M–$14M; Series A $7M–$47M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $185M in 2022

Portfolio highlights

  • Chemify — Digitising Chemistry and Chemical Discovery
  • Meatable — Meatable is a food production company that produces real and guilt-free meat. With one cell, they are revolutionizing the meat industry's impact on climate change and animal welfare. At the same time they increase food security, without compromising the culinary experience of eating tasty, real meat. They aim to satisfy the world'sappetite for meat without harming people, animals, and the planet.It was founded in 2018 and is headquartered in Delft, South Holland, The Netherlands.
  • Visolis — Visolis, a bioengineering company, develops carbon-negative and sustainable chemicals. Its systems approach integrates innovations in synthetic biology, chemical catalysis, and process scale-up to enable new bio-based manufacturing platforms. Visolis' bio-based process helps in achieving true carbon negative chemical synthesis. It beganoperation in 2012, with its headquarters in Berkeley in California.
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David Helgason
Angel · Copenhagen, Hovedstaden, Denmark · 2 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, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Denmark, Finland

Investor stats

  • Total investments: 71
  • Round size: Seed $1.1M–$8M; Series A $4.3M–$30M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Yousician — Yousician is a fun way to learn the guitar, piano, bass, ukulele or singing. Enjoy thousands of songs with Yousician as your personal music teacher!
  • Absurd:Joy — absurd:joy is bringing joy to remote collaboration with Tangle
  • Noice — Join the team build an awesome combo of social x playful x platform.
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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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Charles Huang
Angel · 1 investments in Iceland SaaS startups

Charles Huang, founder of the iconic gaming franchise, Guitar Hero.

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Investment focus

  • Industry: Apps, Music, Computer
  • Stage:Seed, Series B
  • Geography: Taiwan, Iceland

Investor stats

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

Portfolio highlights

  • Bitmark — Bitmark develops technology that secures the property rights of unique digital assets, without relying on trusted third parties.
  • Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.
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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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Jon S. von Tetzchner
Angel · Oslo, Oslo, Norway · 1 investments in Iceland SaaS startups

Jon von Tetzchner is co-founder and CEO of Vivaldi Technologies, the company behind the Vivaldi web browser and other services for the web’s most demanding and savviest users. He co-founded Opera Software where he served as CEO for 15 years. Jon steered Opera from a small basement nook shared into a global company with more than 900 employees in 13countries.Under his leadership, Opera was an early pioneer in mobile web browsing and more than 350 million people used Opera to enjoy the web on their terms. Jon is now steering Vivaldi which was came out with its final version in April 2016. He and his team are making a personal and a feature – rich browser that takes into consideration the needs of every user. Vivaldi is self-funded and aims to be this way where the employees hold equity.

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Investment focus

  • Industry: Travel, Tourism, Search Engine
  • Stage:Seed
  • Geography: Iceland

Investor stats

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

Portfolio highlights

  • Dohop — Dohop is an award-winning technology provider founded in Iceland with 15 years’ experience in developing innovative solutions in the field of aviation and travel. Its core technology is focused on creating connecting itineraries. Being at the forefront of digital innovation in the field of interline technology, Dohop has developed solutions forforward-thinking airlines, alliances, and airports all around the globe, including easyJet, Transavia, Eurowings, Jetstar Group, Gatwick Airport, and SkyTeam.
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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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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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Innoport
VC Fund · Hamburg, Hamburg, Germany · 1 investments in Iceland SaaS startups

We invest in innovative and high-potential startups.We focus on the global maritime and logistics sectors.We are striving to find disruptive technologies and business models.

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Investment focus

  • Industry: Software, SaaS, Logistics
  • Stage:Seed, Series A
  • Geography: Germany, India, Togo

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • Portcast — Our solution improves your supply chain resilience and profitability by accurately predicting arrival times and monitoring valuable container shipments around-the-clock.
  • ANNEA — ANNEA help renewable energy companies to reduce OPEX by up to 50% while increasing green energy production by up to 15%.ANNEA provides the next generation of condition-based predictive maintenance and underperformance detection for renewable energy assets. It enables automated drive train vibration analysis, based on cutting edge artificialintelligence, physical modelling, and normal behaviour modelling.Operators receive notifications about future failures up to 12 months in advance, containing detailed information on which component has a problem, the root cause of the problem, and the best time window for repair. Besides, ANNEA detects underperformance of renewable assets and helps to maximise energy production.We optimise operations and maintenance across renewable energy sectors, reducing unplanned downtime and lost profit significantly, making green energy more affordable. Let's accelerate the energy transition together!
  • 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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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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Hermann Kristjánsson
Angel · 1 investments in Iceland SaaS startups

Hermann Kristjánsson

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Investment focus

  • Industry: Hardware, Software, Photography
  • Stage:Seed
  • Geography: Iceland

Investor stats

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

Portfolio highlights

  • Kúla 3D — 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.
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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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Novelis
VC Fund · Atlanta, Georgia, United States · 1 investments in Iceland SaaS startups

Discover Novelis, the world leader in aluminum rolling and recycling. Learn how our innovative solutions and sustainability initiatives drive the future of lightweight, durable, and recyclable aluminum for industries worldwide.

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Investment focus

  • Industry: Information Technology, Manufacturing, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: United States, Iceland, United Kingdom

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Sortera Technologies — Sortera Alloys manufactures low-cost, high-quality metal alloys for domestic manufacturing using its artificial intelligence technology.
  • Multiscale Technologies — Multiscale Technologies developed an AI platform that accelerates R&D and the discovery of new materials by 100X. The platform digitizes all forms of data (tabular, pdf, simulations etc.) and uses its own unique knowledge fusion platform to connect experiments, simulations, and materials domain expertise to provide predictive analyses andrecommendations for any manufacturing company that does R&D for new materials in their current/future products.
  • 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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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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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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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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Eyrir Vöxtur
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 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, Legal Tech, Document Management
  • Stage:Seed
  • Geography: Iceland

Investor stats

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

Portfolio highlights

  • Justikal — Justikal is an eCourt system that allows different stakeholders in legal proceedings to handle documents in a trusted & secure way by using eIDAS compliant trust services.
  • Laki Power — We supply power grid operators with advanced high-voltage line monitoring stations that enable them to optimise performance, safety and cost.
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MGMT Ventures
VC Fund · 1 investments in Iceland SaaS startups

MGMT Ventures mission is to support and invest in founders pushing the boundaries of innovation in emerging and future industries.

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Investment focus

  • Industry: Gaming, Sports, Seafood
  • Stage:Pre-Seed
  • Geography: Iceland

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Loki Foods — We're producing sustainable, plant-based foods from the Arctic. Iceland’s first plant-based cod and seafood!
  • Esports Coaching Academy — Esports Coaching Academy, the leading platform for youth esports training, education, and certification. Our academy offers top-quality courses, exercises, training sessions, and certifications.
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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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Nick Gatfield
Angel · London, England, United Kingdom · 1 investments in Iceland SaaS startups

Nick Gatfield - Co-Founder @ Synchronized

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Investment focus

  • Industry: Internet, TV, Apps
  • Stage:Seed, Pre-Seed
  • Geography: France, Iceland, United Kingdom

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Karhoo — Karhoo, the first fully-integrated global booking platform for regulated Taxis and PHVs, is funded by RCI Bank and Services (Groupe Renault). It was reborn and remoulded from the assets of a previous business that learnt the hard way that competing against Uber, Didi and Lyft required a radically different and more collaborative approach tomobility. Now Karhoo remains an independent business contributing to Groupe Renault’s sustainable mobility‑as‑a‑service strategy, which covers connected, autonomous, shared, electric vehicles part of multimodal transport.
  • Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.
  • Synchronized — Synchronized.tv | Maximize the value of your video content in a digital world
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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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Börkur Arnviðarson
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Iceland SaaS startups

Börkur Arnviðarson

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Investment focus

  • Industry: Software, Information Technology
  • 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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Ari Helgason
Angel · London, England, United Kingdom · 1 investments in Iceland SaaS startups

Ari Helgason - co-founder @ Transition

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Seed, Series A, Angel
  • Geography: United Kingdom, France, Denmark

Investor stats

  • Total investments: 12
  • Round size: Seed $2.5M–$8.3M; Series A $10M–$17M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Cutover — Cutover is a Work Orchestration and Observability platform. It enables teams to plan, orchestrate, and analyze complex work faster, smarter, and with greater visibility.
  • GRID — A spreadsheet technology company building cutting-edge spreadsheet solutions optimized for AI and modern applications.
  • 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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Capital A Partners
VC Fund · Charleston, South Carolina, United States · 1 investments in Iceland SaaS startups

venture capital and private equity for early stage businesses

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Investment focus

  • Industry: Software, 3D Printing, 3D Technology
  • Stage:Seed, Series A
  • Geography: United States, India, Sweden

Investor stats

  • Total investments: 10
  • Round size: Seed $270k–$7M; Series A $750k–$3.5M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Chargeup — Empowering drivers, NBFCs, and OEMs through AI-driven financing and asset management solutions for India's EV ecosystem.
  • OpenRatio — Enterprise Mobile Engagement Platform OpenRatio empowers enterprises to rapidly build context-aware and personalised apps to engage with their employees, clients and partners Our mission is engagement: We empower enterprises to rapidly build context-aware and personalised cross platform mobile apps to engage with their employees, clientsand partners.Why engagement? Because the payoff Is evident. Enterprises improve efficiency, productivity. satisfaction and interaction for employees and customers.By licensing OpenRatio mobile platform enterprises will be:------------------------------------------------------------------------------- 1- Cutting mobile development costs by over 80%2 - Move mobile publishing in-house and leveraging your exciting IT department know-how3 - Start building and deploying applications fast4 - Simplicity: Anyone within the organisation can start building and managing enterprise mobile applications5 - Open platform for partners to build modules and plugins 6 - Bring the consumer mobile experience to your enterprise
  • Svenska Aerogel — Svenska Aerogel is a deep tech company developing aerogel materials that enhance thermal insulation, fire protection, and energy efficiency.
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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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Kjartan Olafsson
Angel · 1 investments in Iceland SaaS startups

Kjartan Olafsson is an entrepreneur and angel-investor-on-occasion with one foot in New York and the other in Iceland. Kjartan is the owner of Volta Labs Venture Development (Volta.is) and the founder of Basno.com, a platform for digital goods. He sits on the board of directors at a handful of companies and organizations in Iceland and theU.S., including Basno and Datamarket.com. Previously Kjartan served as the Director of Business Development for the international media company Bertelsmann Inc. in New York. Kjartan studied philosophy and logic in Iceland and Italy, and holds a master’s degree in business administration from the Harvard Business School.

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Investment focus

  • Industry: Software, B2B, Apps
  • Stage:Angel, Series A
  • Geography: Denmark, Iceland

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Taktikal — Simple and secure digital signatures Offer high-end signatures to save both your business and your customers valuable time and cost.
  • Watchbox — Watchbox combines technology and the elements of team-building to unite local and distributed teams. Employees capture all the great things at work or outside of work, with photos and videos. These moments vary from random highlights at work, events, celebrations, and conferences to something interesting in employees’ personal lives outside ofwork. Posts can be viewed in the app, but are also displayed 24/7 in dedicated Watchbox display units, placed in common areas across the office. Watchbox provides fun Concepts designed to motivate diverse content creation that reinforces positive culture.
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New Enterprise Associates
VC Fund · Menlo Park, California, United States · 1 investments in Iceland SaaS startups

Foundational partners to ambitious founders at every stage of company-building.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1539
  • Round size: Series A $5.3M–$60M; Series B $10M–$80M; Series C $13M–$103M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $2.8B in 2022

Portfolio highlights

  • Perplexity — Perplexity is a search engine platform that uses artificial intelligence to provide large language models and search engines. The company's platform enables the development of beneficial artificial general intelligence, as well as an open-source environment that is accessible to the public, allowing clients to develop skills and knowledge inartificial intelligence.
  • Allay Therapeutics — SUPPORTING PATIENTS THROUGH EVERY PHASE OF RECUPERATION The first technology designed to deliver weeks of localized pain management
  • Regulus Therapeutics — Regulus Therapeutics Is a biopharmaceutical company leading the discovery of a new class of high-impact medicines based on microRNAs. The discovery of MicroRNA in humans is one of the most exciting scientific breakthroughs in the last decade. MicroRNAs are small RNA molecules, typically 20 to 25 nucleotides in length, that do not encode proteinsbut instead regulate gene expression. It was founded in 2007 and is headquartered in Carlsbad, California.
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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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SaaS Investor funding in Iceland at a glance

Stats across 165 deals from 114 investors.

114
investors
in Iceland SaaS startups
165
deals
in Iceland SaaS startups
$537k
median round
in Iceland SaaS startups
45%
lead investors
lead at least one round
35%
Grant
most common funding stage
82/18
VC / Angel
share of investor count

Access all 114 investors in Iceland SaaS startups.

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