Top 50 Software Startup Investors in Iceland (July 2026)

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 —

Portfolio highlights

• Sundra — Sundra is a translation software that helps HR teams translate their learning content so every employee feels included.
• HorseDay — HorseDay is a mobile application to track horse activities.
• Arcana Bio — ArcanaBio is developing realtime biosurveillance solutions that minimize workplace disruptions and support health & wellness

Portfolio highlights

• Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
• Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
• Augmented Hearing — Augmented Hearing is creating game-changing technology that will be used in fields such as voice assistants, hearing health, environmental noise suppression in phone calls, and many more.

Portfolio highlights

• Axelyf — Axelyf is a biotechnology company that offers RNA medicines through safer and more effective lipid nanoparticle delivery.
• AviLabs — AviLabs specializes in software development in aviation.
• Ghostlamp — Ghostlamp enables brands and agencies to create on-demand micro influencer campaigns, anywhere in the world via the use of an online self-serve platform.

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 is a translation software that helps HR teams translate their learning content so every employee feels included.
• Expertrons — Expertrons is an upskilling platform that offers advanced training programs | BSFI | HR | Marketing and many more to assure 100% professional success.

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.

Portfolio highlights

• Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
• 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 — 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

• ETHGas — ETHGas aims to redefine how users engage with Ethereum by providing low-latency, 3ms settlement times, and real-time trading, as well as a comprehensive product suite for exact order execution.
• Cryptio — We offer enterprise-grade accounting, reporting, and audit software for your digital assets.
• Rapidata — Fast and reliable data labeling that powers your AI. Define your label needs now and get the results in minutes.

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.

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

• 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.

Portfolio highlights

• Sundra — Sundra is a translation software that helps HR teams translate their learning content so every employee feels included.
• Vandre — Vandre is a technology company that enables brands to take part in the reuse market without changing their core business.
• 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

• 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.
• Solar Materials — SOLAR MATERIALS developed a recycling technology for solar modules, which recovers all raw materials for a circular solar industry.

Portfolio highlights

• Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
• Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.
• 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.

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

• Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
• 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.
• Valuebeat — Grow your culture. Backed by data. Platypus is the HR and recruitment tool that measures cultural drivers of people across the organization to help you qualify decisions on hiring and managing your culture.

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.

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

• ScyAI — ScyAI is the developer of an autonomous risk intelligence tool designed to integrate multiple specialized agents.
• Noah — API-first stablecoin payments, enterprise-grade compliance and real-time settlements, powered by stablecoin technology.
• Flow Engineering — Requirements management, made collaborative

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 — A diagnostics platform that makes liquid biopsies a reality in cancer care
• 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

• Odeal — Oedeal is a online payment service company, dedicated in providing wide range of financial solutions to entrepreneurs.
• Salescloud — The power behind your point of sales. Our cloud-based sales and management solutions provide you with powerful tools to help you run and grow your business.

Portfolio highlights

• GRID — A spreadsheet technology company building cutting-edge spreadsheet solutions optimized for AI and modern applications.

Portfolio highlights

• Arconex — Arconex - Vertical AI SaaS for the Architecture, Engineering & Construction (AEC) Industry.
• Zipdrug — Discover the innovative capabilities and solutions from CarelonRx that help remove barriers, personalize experiences, and improve health outcomes.
• MessageYes (formerly ReplyYes) — MessageYes' mission is to help people effortlessly discover and purchase items they love using their mobile phones. MessageYes is the first platform to offer frictionless e-commerce over mobile messaging for brands looking to engage and transact directly with their customers. Leveraging artificial intelligence (AI), human-assisted AI, andintegrated payments, the MessageYes platform learns from customer feedback to make the experience serendipitous to each person and brand. Message recipients simply reply "Yes" to instantly buy from their mobile phones.

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!

Portfolio highlights

• IonQ — Working to build the world's best quantum computers to solve the world's most complex problems
• Spyglass Ophthalmics — A vision towards a higher quality of life!
• Xenon Pharmaceuticals — A leading neuroscience company forging new paths for those living with neurological and psychiatric disorders.

Portfolio highlights

• StackStr — Real time monitoring of machine learning systems.
• CourseHorse — CourseHorse is a provider of a learning platform used to centralize the learning opportunities. Its platform partners with providers of Spanish lessons, cooking courses, yoga classes, and other classes to create a single destination for people seeking personal interest education that enables people to increase ease and confidence in discovering thepath to personal enrichment.It was founded in 2011 and is headquartered in New York.
• Spaceship — A platform for Continuous Delivery. Turn your code into containers automatically. Get it running on Kubernetes instantly.

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

• 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.

Portfolio highlights

• nLIGHT — Leading the world in high-power lasers for mission-critical directed energy, sensing, and advanced manufacturing applications.
• Scality — Object storage solutions for enterprises to store, protect, and manage data across hybrid and multi-cloud environments.
• Socialcast — Socialcast is a leading provider of Enterprise collaboration software to facilitate real-time employee communication while analyzing the social graph for measures of productivity. Socialcast is deployed either on-premise or on-demand using activity streams to effectively accelerate information awareness amongst employees.

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

• GRID — A spreadsheet technology company building cutting-edge spreadsheet solutions optimized for AI and modern applications.

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

• GRID — A spreadsheet technology company building cutting-edge spreadsheet solutions optimized for AI and modern applications.
• 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

• 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

• tbh — tbh is a developer of a mobile application designed to provide anonymous feedback to friends. The company's mobile application facilitates asking or answering questions, open text fields and invite abuse when combined with anonymity, enabling users to say things without repercussions and feel better about themselves from the positive feedbackon social networks.
• BrainSpec — BrainSpec is a comprehensive web-based software platform designed to make MRS technology accessible to clinicians and researchers alike. The software combines a linear combinations model based post-processing back-end that represents the most accurate method of measuring brain metabolites with a highly intuitive and user-friendly front-endweb-based user interface. This combination allows for high analytical performance while maintaining ease of use and results in reduced case processing time, leading to higher output and lower costs
• Crabi — Full stack, digital car insurance

Portfolio highlights

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

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

• 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

• 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

• 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

• 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

• 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

• 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

• 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.