Top 50 Software Startup Investors in Iceland in January 2026

Portfolio highlights

• PLAIO — The only AI-assisted decision-making platform developed for pharmaceutical supply chain planning
• Moombix — Join us for the launch of our advanced learning platform for online music lessons
• Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.

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.

Portfolio highlights

• Tiimo — Tiimo helps you manage your daily life and improve your wellbeing. Visualize your day. Improve your routines. Stress less.
• Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
• Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.

Portfolio highlights

• AviLabs — AviLabs specializes in software development in aviation.
• Laki Power — We supply power grid operators with advanced high-voltage line monitoring stations that enable them to optimise performance, safety and cost.
• Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.

Portfolio highlights

• Sumary — Sumary is a finance-tech company that offers an AI-powered reporting, budgeting & forecasting for e-conomic.
• Digitail — Grow your practice, offer a modern client experience, and automate routine practice tasks with the proven all-in-one veterinary software.
• DataCrunch.io — DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models

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.

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.

Portfolio highlights

• Swarmia — Build better software faster with insights that power your whole engineering organization. Get started with a demo or a free 14-day trial.
• Druid AI — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
• Starship Technologies — The future of delivery - today!

Portfolio highlights

• LAXEY — LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.
• 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.
• Borealis Data Center — Leaders in sustainable data centers with reliable infrastructure and compliant operations. Our data centers are located in Iceland and use renewable clean and zero-waste, zero-carbon energy.

Portfolio highlights

• Klevu — Klevu Oy is a self-learning search engine that helps online retailers turn visitors into customers. Its search for SMEs focuses on fast, relevant search with actionable insights into shoppers’ search and easy self-service integration.Klevu Oy’s enterprise edition provides natural language search with ease of catalog maintenance and insights intoshopping experience. It is based in Helsinki, Southern Finland.
• Elsa — Elsa is a platform for patient driven research for better drugs, health and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding around how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives themaccess to data on their specific disease (initially we work with rheumatoid arthritis) through the Riskminder foundation and scientific studies at Karolinska Institutet.
• Steep — Business intelligence for modern companies. Steep lets anyone on your team stay on top of your data.

Portfolio highlights

• WorkMade — A smarter banking solution for freelancers: Automatically calculates, prepares, pays taxes, discovers write-offs, and gets you paid fast.
• Gatheround — Facilitate must-haves like regular team bonding, new hire onboarding, peer learning, and more.
• 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.

Portfolio highlights

• Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
• 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.
• FibreCoat — Making the future affordable. EM-Shielding Composites Sustainable https://fibrecoat.de/wp-content/uploads/2022/01/20211004_FibreCoat_web.mp4 Shedule a meeting to solve your problem Mobility Affordable and damage-resistant materials for integrated EMI-shielding and weight reduction in EVs. Construction Easy retrofit shielding of electronics and people from 5G and other types of EM radiation. Government Specialized yarns for sensors, circuits, shielding and countermeasure materials. With

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.

Portfolio highlights

• 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.
• Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.
• Blue Scarab Entertainment — Blue Scarab Entertainment is Stockholm-based video game studio developing a surprising MMORPG for fans of cozy escapism, true-crime, supernatural mystery, and horses.

Portfolio highlights

• Medusa — The most popular ecommerce project on GitHub. Medusa provides the world's most flexible commerce platform for developers to handle specialized commerce cases.
• 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.

Portfolio highlights

• GRID — Spreadsheets run the world and we run spreadsheets.
• 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.

Portfolio highlights

• Farcast — Unlocking satellite internet capacity through user terminal innovation
• Corintis — Corintis develops cooling technologies for high performance semiconductors.
• 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.

Portfolio highlights

• Xunlu AI — Xunlu AI is an innovative startup that focuses on the development of AI-powered customer service technologies. Xunlu AI provides AI intelligent customer service and sales robots to businesses in a variety of industries via highly tailored AI solutions, assisting businesses in achieving their goals of cost reduction and increased productivity.
• Mojo Vision — Mojo Vision is a developer of augmented reality products and platforms intended to invent the future of computing. The company has developed a smart contact lens with a built-in display that gives timely information without interrupting the focus and delivers immediate, powerful, and relevant information without the intrusions of today'smobile devices, enabling users to connect with others at a glance, anytime, anywhere handsfree.Mojo Vision was founded in 2015 and headquartered in Saratoga, California.
• Rubedo Life Sciences — Rubedo Life Sciences is the Premier Longevity Company. Rubedo discovers and develops medicines to keep you biologically young.

Portfolio highlights

• Resistant AI — Resistant AI provides fraud detection and prevention in automated document processing workflows, transaction monitoring, and identities analysis.
• Salary Finance — Salary Finance is on a mission to help millions of people across the globe live happier, healthier financial lives.They partner with employers to offer financial wellbeing benefits that help improve employee retention and productivity. Salary Finance offer simple savings, access to their salary as it is earned, and affordable loans - allunderpinned by accessible, engaging financial education. By helping employees manage debt, build a savings habit and access earned pay, they have created a more accessible alternative to traditional financial services providers.
• Caxe Technologies — Caxe Technologies provides financial services technology serving blue-chip B2B clients. They also provide digital banking software, risk management, digital sales, distribution, and regulatory reporting.

Portfolio highlights

• Besty AI — Bloom is the creator of an online data analysis platform that aims to transform data into revolutionary business outcomes. The firm platform uses artificial intelligence to give real time analytics and business insights, as well as interactive and enterprise data analytics, allowing business teams to monitor and make data-driven choices in realtime.
• Scoop Analytics — Explore Scoop, your single platform for effortlessly combining and analyzing business data. Unlock actionable insights faster with our unique tool that scoops data from all your applications, allowing you to focus on making informed decisions without needing a data team.
• Arya Health — Arya Works is more than just payroll software. It's a opporations and finance tool set powered by automation and real-time data. We help businesses streamline operations, save costs, and make employees happy by getting more out of pay.

Portfolio highlights

• GRID — Spreadsheets run the world and we run spreadsheets.
• abillion — Find tips for plant-based food & products near you. Join the community to share reviews of restaurants & brands. Raise funds & drive sustainability!

Portfolio highlights

• Paid — Paid is a business platform for AI agents.
• The Open Network Foundation — A decentralized and open internet designed to onboard 500M people on-chain, built by the community using technology developed by Telegram.
• Neros Technologies — Neros is vertically integrating production of unmanned defense systems in the United States, securing the autonomous supply chain. Are you with us?

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.

Portfolio highlights

• Tessl — Tessl transforms software development for the AI era with its innovative AI-native development approach. Its AI-powered development platform provides secure, high-quality, and self-maintaining code tailored to the user's requirements.
• CrewAI — CrewAI is a multi-agent automation platform for enterprises to automate complex tasks. With its automation platform, organizations can deploy and manage AI agents to automate complex tasks and to value across a wide range of use cases, from research and analysis to coding and reporting.The company also offers a range of advanced new featuresincluding self-iteration, performance evaluation, persistent memory, and a range of new agent collaboration structures.
• Spectro Cloud — Enterprise Kubernetes management platform built for scale. Complete lifecycle management of any type of cluster, from bare metal to the edge.

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!

Portfolio highlights

• Bitmagic — Bitmagic creates a game concept, and it builds a background story and creates an immersive 3D world.
• VIZTA DGTL — VIZTA is an innovative gaming studio at the forefront of significant technology shifts and increasing demands from new generations and various consumers.
• Rocky Road — At Rocky Road, we are redefining social gaming with our social gaming network. We are hiring!

Portfolio highlights

• Span — Span reinvented the electrical panel. Control every circuit in your home from your phone. Contact us!
• abillion — Find tips for plant-based food & products near you. Join the community to share reviews of restaurants & brands. Raise funds & drive sustainability!
• Climb Credit — Climb Credit (NMLS# 1240013) is an innovative student lending platform that makes career creation and transformation more accessible, affordable, and accountable than ever before. Driven by a mission to empower individuals to unlock their career potential – no matter what their credit profile – Climb identifies programs and schools with ademonstrated ability to improve the earnings of their graduates. Then they provide learners with financing options that are priced and structured to meet the unique needs of those seeking career elevation and increased earning power.Recognizing the dynamic and diverse nature of an economy in rapid change, Climb partners with schools that teach everything from cybersecurity to pilot training, heavy machine operation to data science, and culinary arts to coding. While some colleges are struggling to meet the real-world needs of their students, Climb and its partner schools are committed to an inspiring practicality that brings real career results as individuals Own Their Next chapter.

Portfolio highlights

• Eppo — Hypothesis-centered A/B experimentation, built for today's product and data teams.
• HomeLight — We use data to help homebuyers and sellers find the best real estate agents nationwide
• Goodfire — Goodfire's mission is to advance humanity's understanding of AI by examining the inner workings of advanced AI models (or “AI Interpretability”). As an applied research lab, Goodfire bridges the gap between theoretical science and practical applications of interpretability.

Portfolio highlights

• Zhipu AI — Zhipu AI combines large-scale knowledge map built by itself to form a two-wheel-driven artificial intelligence framework through R&D.
• TrueLayer — We power faster and safer online payments with our open banking payments network. Onboard users, accept payments & make payouts in seconds. Learn more today.
• Remedy Entertainment — Known for story-driven and visually stunning action games, Remedy have created blockbuster games such as Control, Alan Wake, and Max Payne.

Portfolio highlights

• Senvo — Centralized last mile data analytics for optimization, automation, and financial transparency.
• Gripp — Gripp Ag revolutionizes farm activity and equipment tracking with a simple yet effective QR code and mobile app that allows users to capture unrecorded events.
• Outfox Health — Healthcare answers quick as a fox

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.

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.

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.

Portfolio highlights

• Blips — Blips is a platform in Brazil that aims to bridge the gap between investors and entrepreneurs. The company connects and drives investors and entrepreneurs with tangible assets that enable productive business activities, allowing customers to buy and finance supplies and inputs, as well as an educational platform to support the entrepreneurs'journey, teaching management techniques, growth, and technical knowledge for equipment use.
• trawa — The partner for renewable and affordable electricity for businesses. Get electricity directly from solar and windparks with corporate PPAs.
• Owner — Owner gives you the same tools that major national brands use to drive sales. Online ordering proven to grow sales. Mobile app with rewards. And more.

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 — At Svenska Aerogel, we enable our customers to develop more sustainable and efficient products using our aerogel material, which meets the growing demand for higher performance.

Portfolio highlights

• Orb — Orb's groundbreaking technology is leveraging the latest advances in computer vision and AI for on-site forest assessment with phones, reducing cost by 90% Orb's carbon and biodiversity platform delivers unmatched data and and transparency, maximising value of each carbon credit.
• LearnCove — LearnCove provides businesses with a modular and easy-to-use training platform for high-quality training across markets and cultures.
• Abler — Simplify sports team management with Abler. All-in-one app for scheduling, chat, payments and more. Trusted by coaches and clubs.

Portfolio highlights

• GRID — Spreadsheets run the world and we run spreadsheets.

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

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.

Portfolio highlights

• Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.

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.

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 — Spreadsheets run the world and we run spreadsheets.
• 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!

Portfolio highlights

• Meniga — Meniga helps banks use data to drive Digital Engagement, build Customer Loyalty & increase Revenue.
• Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.

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.

Portfolio highlights

• The Kive Company — The Kive Company operates under the names Artkive and Lifekive. Artkive the leading service that helps parents celebrate their kids' art. Artkive offers the Artkive app for people who want to DIY or the Artkive Box for people who want to send in their art to be professionally photographed and turned into keepsake books or custom-framed mosaicprints. The Kive Company was incorporated in 2012 and is based in Los Angeles, California.
• Umano — Umano is an audio streaming service.
• Cubcoats — 2-in-1 wearable & playable transforming friends. A take everywhere that kids and parents equally adore.

Portfolio highlights

• Grazzy — Grazzy improves retention and recruiting for hotels, bars, restaurants and salons by powering cashless tipping and instant payouts. Safe, secure, and simple to get started.
• Kollegio — Kollegio is an AI-driven platform for college applications.
• Foundation Health — Foundation Health is a telehealth and nationwide pharmacies and diagnostic distribution centre

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.

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

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.

Portfolio highlights

• Wizard — Join the world's leading businesses using Wizard to sell, market, and engage their customers via text.
• Immunomedics — Immunomedics is a biopharmaceutical company that specializes in developing monoclonal antibody-based products for the treatment of cancer and other serious diseases. Its corporate objective is to become a fully-integrated biopharmaceutical company. The company was founded in 1982 and headquartered in Morris Plains, New Jersey.
• Willow — Willow is a female technology company that develops an in-bra wearable breast pump. Its breast pumps are cordless and spill-proof. It also tracks milk output through a mobile application along with an online portal, enabling mothers to pump anywhere without hassle. The company was founded in 2014 and is headquartered in Mountain View, California.