Top 50 Software Startup Investors in Iceland (October 2026)

Portfolio highlights

• MyDello — Get instant quotes for all transportation modes. Enter a new era of freight forwarding with the MyDello logistics platform. Sign up for free
• 50skills — Bring people, information and tools together. 50skills is a hiring system and so much more.
• Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.

Portfolio highlights

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

Portfolio highlights

• Axelyf — Building Next-Generation RNA-LNP Therapeutics: experienced drug developers with distinctive technologies - for partners, programs and patients
• AviLabs — AviLabs is revolutionizing how airlines handle disruptions. By combining industry expertise with cutting-edge, passenger-first solutions, we empower airlines to reduce disruptions, enhance the customer experience, and optimize operations.
• Ghostlamp — Ghostlamp enables brands and agencies to create on-demand micro influencer campaigns, anywhere in the world via the use of an online self-serve platform.

Portfolio highlights

• Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
• SNERPA Power — SNERPA Power develops intelligent energy services.
• Augmented Hearing — Read more about danish audiology scale-up Augmented Hearing, driving the world's most ambitious audiology solutions and innovations.

Portfolio highlights

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

Portfolio highlights

• Fluencify — Fluencify is an innovative creator marketing platform that runs end to end user generated content programs for global brands. The software powered solution enforces brand quality guidelines, handles global creator payments, and provides contracted view guarantees to turn influencer marketing into a scalable utility framework.
• Verda — Verda provides a full-stack AI cloud platform for the development, training, and deployment of AI models.
• Cota Robotics — Cota Robotics deploys general-purpose robots in retail stores through a Robot-as-a-Service model, integrating with existing environments without requiring changes to store layouts or infrastructure. The company automates shelf replenishment, inbound handling, and order picking using human-in-the-loop teleoperation, with autonomy increasing asdeployment data trains its models.

Portfolio highlights

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

Portfolio highlights

• Mindgard — Mindgard is the leading provider of AI Red Teaming solutions.
• Leil Storage — ON-PREMISES DISTRIBUTED FILE STORAGE WITH CLOUD-SCALE DENSITY+23% extra FREE capacity and density NOW +23% extra FREE capacity and density NOW +20% lower CO₂ emissions and power costs NOW up to +70% saved energy in the futureFirst distributed filesystem that supports the biggest HDDs on the planet, enabling enterprises with HM-SMR basedstorage.
• Starship Technologies — The future of delivery - today!

Portfolio highlights

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

Portfolio highlights

• Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
• Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
• Algorithmiq — Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.

Portfolio highlights

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

Portfolio highlights

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

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.

Portfolio highlights

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

Portfolio highlights

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

Portfolio highlights

• GRID — GRID is the spreadsheet engine for agentic products. Install from npm with a free evaluation license, build with your agent, and license commercially when you ship.
• Travelade — Find recommendations and local insights from all across the world. Discover hidden gems, book experiences with best price guaranteed, create epic stories.
• Aldin Dynamics — Aldin creates believable realities designed for presence & immersion.

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.

Portfolio highlights

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

Portfolio highlights

• Rapidata — Fast and reliable data labeling that powers your AI. Define your label needs now and get the results in minutes.
• Devplan — Devplan turns customer feedback into ranked, ready-to-build specs for your engineers and AI agents.
• Applied Atomics, Inc. — Powering the next 1,000 years of advanced industry with co-located nuclear power plants.

Portfolio highlights

• boxd — Persistent, forkable and suspendable virtual machines for agents and agentic workloads.
• Rapidata — Fast and reliable data labeling that powers your AI. Define your label needs now and get the results in minutes.
• Chomp — Chomp is a social network platform that focuses on on question-and-answer with prediction-based systems.

Portfolio highlights

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

Portfolio highlights

• Heyhack — Automated web application security testing, protection, and reporting for software-as-a-service businesses.
• 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!
• 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

• MiroFish — The World's First Open-Source Swarm Agent Prediction System. Web: https://t.co/F7gQDy0yXO Github: https://t.co/9MhcLAIs7N Discord: https://t.co/wCnMAT2I8f IG: @mirofish_ai
• Buildroid — 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.

Portfolio highlights

• Timefold — Experts in PlanningAI for complex scheduling and routing
• Array Labs — Array Labs is working to provide high-quality 3D imagery on a global scale.
• Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.

Portfolio highlights

• Digiphy — Build QR codes and templated pages to connect directly with customers, capture first-party data, tell your origin story, drive sales, product registration and more.
• Hedera Dx — With the use of Hedera Dx's liquid biopsy solution, hospital labs will be able to conduct clinically useful liquid biopsies on their own. This will greatly simplify tumor profiling. It is difficult to accomplish IVD compliance, privacy infrastructure, and validation, and even if these challenges are overcome, the current software workflows areinefficient to use and lack key capabilities.Hedera Dx was established on July 1, 2021 in Epalinges, Vaud.
• Digiphy — Build QR codes and templated pages to connect directly with customers, capture first-party data, tell your origin story, drive sales, product registration and more.

Portfolio highlights

• ScyAI — Risk intelligence that thinks with you.
• Noah — API-first stablecoin payments, enterprise-grade compliance and real-time settlements, powered by stablecoin technology.
• Flow Engineering — Requirements management, made collaborative

Portfolio highlights

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

Portfolio highlights

• Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.

Portfolio highlights

• Activity Stream — Activity Stream is a marketing platform made exclusively for the event industry.

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

• 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 — GRID is the spreadsheet engine for agentic products. Install from npm with a free evaluation license, build with your agent, and license commercially when you ship.
• 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

• 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

• 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

• 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

• 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

• 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

• 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

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

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

• 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

• Danvas — Danvas is advancing screens that will possess a fully dimensional interactive design that brings NFT art to life and will reinforce the authentic ownership of the artwork. Its premium, luxury digital art canvas aims to accelerate the world’s appreciation of digital artists and their artwork, and introduce art collectors to the value, andpossibilities of the next wave of digital art.
• Instantly — Buy Instagram followers from Techcrunch50 for as little as $1. Fast delivery, real active followers and friendly 24/7 customer support. Try us today.
• Bamboo — Bamboo is a digital investment platform that provides real-time access to buy, hold, or sell stocks. The investment platform is accessible on both computers and mobile phones.

Portfolio highlights

• Baz — Developers no longer have to manually piece together the impact of pull requests; Baz models, analyzes and reviews code changes, detecting breaking changes, enforcing consistency, and highlighting misaligned coding patterns. Baz makes every review faster, more accurate, and aligned with the real-world impact of the code changes being made.
• Stellate — Stellate brings the power of edge computing to GraphQL APIs, delivering enterprise-grade security, global scalability, and low latency. Safeguard your APIs with advanced protections while building resilient, high-performance systems at the edge.
• TopCoat Data — Topcoat makes it easy to build reliable analyses in code, create polished user experiences, and track lineage from data source to dashboard.

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

• 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

• Octa — Reduce DSO by 30%, save 20+ hours per week, and delight customers with our all-in-one platform.
• 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.
• InfiniLink — Empowering Hyperscale Datacenters Building Energy-Efficient Ultra-High-Speed Connectivity Solutions

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

• 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.

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

• 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

• Activity Stream — Activity Stream is a marketing platform made exclusively for the event industry.