# Top 50 SaaS VC (Venture Capital) Funds in Iceland in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Frumtak Ventures | 20 | Iceland, United States, United Kingdom | Seed, Series A | Software, Information Technology, SaaS |
| New Business Venture Fund | 18 | Iceland, United States, China | Seed, Series A | Software, Health Care, Medical |
| Brunnur Ventures | 15 | Iceland, United States, Denmark | Seed, Series A | Software, SaaS, Gaming |
| Crowberry Capital | 8 | Iceland, Denmark, Finland | Seed, Series A, Pre-Seed | Software, Gaming, Health Care |
| Novator | 3 | United Kingdom, United States, Iceland | Series B, Series C | Software, E-Commerce, Online Games |
| Karma Ventures | 3 | Estonia, United States, Finland | Series A, Seed, Series B | Software, Artificial Intelligence, FinTech |
| byFounders | 3 | Denmark, United States, Sweden | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Health Care |
| Iceland Venture Studio | 3 | Iceland, India, Israel | Seed, Pre-Seed | Software, Health Care, B2B |
| Preceptor Capital | 3 | Iceland, United States | Seed, Series A | FinTech, Computer, Software |
| BlueYard Capital | 2 | United States, Germany, United Kingdom | Seed, Series A | Software, Biotechnology, Internet |
| Chrysalix Venture Capital | 2 | United States, Canada, The Netherlands | Series B, Series A | Energy, Manufacturing, CleanTech |
| Shanda Group | 2 | United States, China, Israel | Seed, Series A, Pre-Seed | Artificial Intelligence, Software, Biotechnology |
| Index Ventures | 2 | United States, United Kingdom, France | Series A, Series B, Seed | Software, E-Commerce, Internet |
| Saint-Gobain NOVA | 2 | United States, Germany, Iceland | Seed, Series B, Series A | Energy, Software, Information Technology |
| Investa | 2 | Iceland, United States | Seed, Angel | SaaS, Software, Events |
| Inventure | 2 | Finland, Sweden, United States | Seed, Series A, Series B | Software, Information Technology, Health Care |
| Reaktor Ventures | 2 | Finland, Germany, United States | Seed, Pre-Seed, Series A | Internet, Software, E-Commerce |
| Behold Ventures | 2 | Sweden, Iceland, Finland | Seed, Pre-Seed | Gaming, Sports, eSports |
| Arion Bank | 2 | Iceland | Debt Financing, Seed, Convertible Note | Mobile, Rental, Farming |
| Slack Fund | 2 | United States, Canada, United Kingdom | Seed, Series A, Series B | Software, SaaS, Internet |
| Keen Venture Partners | 1 | The Netherlands, Germany, United States | Series A, Series B, Seed | Software, SaaS, Artificial Intelligence |
| Tennin | 1 | Iceland | Series A |  |
| L-Acoustics | 1 | United States | Series B | Audio, Music, Software |
| Eyrir Invest | 1 | Iceland |  | Big Data, Analytics, Enterprise Software |
| KOMPAS VC | 1 | Germany, Israel, United States | Series A, Seed, Series B | Software, Construction, Information Technology |
| Export and Investment Fund | 1 | Denmark, United States, United Kingdom | Seed, Series A | Software, Biotechnology, Information Technology |
| MD ONE Ventures | 1 | United Kingdom, Israel | Seed, Series A | SaaS, Security, Cyber Security |
| Two Ravens | 1 |  |  |  |
| Asabys Partners | 1 | Spain, France, Belgium | Series A, Series B, Seed | Health Care, Biotechnology, Medical Device |
| BioInnovation Institute | 1 | Denmark, Germany, Switzerland | Convertible Note, Pre-Seed, Debt Financing | Biotechnology, Medical, Health Care |
| Tencent | 1 | China, United States, United Kingdom | Series B, Series A, Series C | Software, Financial Services, Artificial Intelligence |
| Mesa Ventures | 1 | United States, Germany, Iceland | Seed, Series A | Mobile, Software, E-Commerce |
| MGMT Ventures | 1 | Iceland | Pre-Seed | Gaming, Sports, Seafood |
| Sequoia Capital | 1 | United States, China, India | Series A, Series B, Series C | Software, Information Technology, Artificial Intelligence |
| Menlo Ventures | 1 | United States, Canada, Sweden | Series B, Series A, Series C | Software, Information Technology, Artificial Intelligence |
| Wellington Partners | 1 | Germany, United States, United Kingdom | Series A, Series B | Health Care, Biotechnology, Medical |
| Capital A Partners | 1 | United States, India, Sweden | Seed, Series A | Software, 3D Printing, 3D Technology |
| APX | 1 | Germany, United Kingdom, United States | Pre-Seed, Seed, Series A | Software, SaaS, Information Technology |
| Eyrir Venture Management | 1 | Iceland, United States | Pre-Seed, Series A | Software, B2B, SaaS |
| Novelis | 1 | United States, Iceland, United Kingdom | Series A, Seed, Series B | Manufacturing, Information Technology, Artificial Intelligence |
| New Enterprise Associates | 1 | United States, India, United Kingdom | Series A, Series B, Series C | Software, Health Care, Biotechnology |
| CAA Ventures | 1 | United States, Canada, Iceland | Series A, Seed, Series B | Mobile, Internet, E-Commerce |
| Sisu Game Ventures | 1 | Finland, United States, Iceland | Seed, Series A | Gaming, Video Games, Software |
| Greycroft | 1 | United States, United Kingdom, Germany | Series A, Seed, Series B | Software, Artificial Intelligence, E-Commerce |
| Eyrir Vöxtur | 1 | Iceland | Seed | Legal, Legal Tech, Document Management |
| Riverstone Ventures | 1 | Iceland |  | SaaS, Software, Marine Technology |
| Probiocon | 1 | Iceland | Seed | Medical, Consulting, Health Care |
| Sukna Ventures | 1 | Saudi Arabia, United States, United Arab Emirates | Seed, Series A | Financial Services, FinTech, Information Technology |
| Baliopharm | 1 | Iceland | Seed | Medical, Consulting, Health Care |
| Shubert Organization | 1 | Iceland |  | Big Data, Analytics, Enterprise Software |