Top 10 Sustainability Startup Investors in Iceland (October 2026)

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

• Ace Aquatec — Ace Aquatec is specialises in acoustic marine mammal deterrents and humane electrical fish stunning equipment. Our markets are aquaculture, off-shore construction / demolition and fishermen.The US3 is the latest model of acoustic deterrent for the fish farming industry offering data logging, high and low frequency transducers, and sonartriggering. The MMD is offered to the long line fishermen, to offshore platforms engaged in pile driving and government organisations engaged in post oil spillage response. The sophisticated electronics drives marine wildlife to a zone of safety.
• Oceano Fresco — Oceano Fresco develops and produces bivalves varieties with superior performance for shellfish farmers at a competitive cost, respecting environmental sustainability and ensuring consumer safety.They use a multi-disciplinary approach including expertise in molecular biology, genetics, animal physiology, computational biology and intellectualproperty to select value adding traits to shellfish farmers and contribute to the sustainability and profitability of the aquaculture industry.They work with hatcheries, nurseries and research centers in order to test and validate their solutions and ensure that they suit the specific needs of each customer, in each technical and environmental context.
• Kuehnle Agrosystems — Kuehnle AgroSystems curates a unique set of algae originating from pristine waters and ecosystems of Hawaii, as well as tropical botanical accessions representing plants prized by Polynesian voyagers.

Portfolio highlights

• Activity Stream — Activity Stream is a marketing platform made exclusively for the event industry.
• Carbon Recycling International — Carbon Recycling International (CRI) is the world leader in CO2 to methanol technology. We produce renewable e-methanol from carbon dioxide (CO2), hydrogen (H2), and electricity for energy storage, fuel and chemical applications, efficiency enhancement and carbon emission reduction.

Portfolio highlights

• geoSilica — The company was founded in 2012 by Fida Abu Libdeh, Burkni Pálsson, and Agnir ehf, as a result of Fida and Burkni’s thesis in energy and environmental engineering technology at the University of Iceland.In the autumn of 2012 geoSilica received a project grant from the Icelandic Technology Development Fund in order to begin the productdevelopment of its first product. One year later the company started operations at the Hellisheidi Power Plant in order to utilize the mineral rich geothermal water used by the plant. This has been done in cooperation with ON Energy, the operator of the power plant.geoSilica has developed a two-step production process. In the first step, the silica concentration in the separated geothermal water is increased many tenfold without changing the chemical composition of the water. In the second step, the geothermal water is gradually replaced by clean ground water from the area while keeping the silica concentration constant. The end product is highly pure silica in the form of extremely small silica particles in clean ground water. Absolutely no chemicals of any kind are used in the production.geoSilica’s first product was released late 2014, a liquid silica supplement made from 100% natural silica. As of now, geoSilica has already started developing a new product in order to increase its product range.

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.
• International Carbon Registry — There is a great need for immediate climate action with tools to mobilize financing for transition to a low-carbon economy and the need grows more urgent by the day. To achieve the goals of the Paris Agreement to limit global warming to 1.5 degrees Celsius, the global community needs to reach net-zero emissions by no later than 2050. The voluntarycarbon market has the potential to significantly accelerate efforts to mitigate climate change and achieve the goals of the Paris Agreement. Investments needed for scaling emerging low-carbon technologies do not meet the risk and return expectations of today’s markets. An effective and adaptable carbon market can facilitate capital flows to these technologies through carbon offsetting mechanisms established on the principles that emerged in initiatives such as Clean Development Mechanism. Carbon credits enable organizations to compensate for emissions by financing the avoidance/reduction of emissions from other sources, or removal of greenhouse gases from the atmosphere and thus contribute to the transition to global net-zero. Carbon credits also support emerging climate technologies and can help scale down costs and introduce these technologies to market earlier by decreasing additional costs against carbon-intensive alternatives. It is thus crucial to identify and support new and expensive technology and to help finance and deploying these solutions now, so that economic development can continue in countries across the world, including those rapidly industrializing today

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

• AGADE — Esoscheletri Agade | Il primo esoscheletro intelligente per lavoratori progettato per ridurre il rischio di disturbi muscolari delle spalle nella movimentazione manuale dei carichi.
• BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
• Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.

Portfolio highlights

• Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
• BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
• Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.

Portfolio highlights

• LAXEY — LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.

Portfolio highlights

• Korkia — Korkia is a global investor and developer of renewable energy projects focused on utility-scale solar, wind, and energy storage. The company develops projects across the full lifecycle, from early-stage site identification and permitting to financing, construction readiness, and asset management. Korkia works with local development partners andproject companies to co-develop industrial-scale plants in multiple markets. Its activities combine renewable energy project development with investment and fund management services for institutional and private investors. Korkia structures alternative investment funds and direct investments that channel capital into its solar, wind, and battery energy storage pipelines. Through this combined development and investment model, Korkia targets long-term value creation in the renewable power sector.
• Donkey Republic — Donkey Republic enables cities to create a better quality of life, getting people on two wheels. We provide a flexible, reliable and open bike sharing platform that adjusts to the needs of the city, and integrates to rest of the public transport. We provide bike- and ebike sharing service using virtual or physical docking stations, for both short-and long term rentals.
• Merus Power Dynamics — Merus Power provides advanced battery energy storage and power quality solutions designed and manufactured in Finland for reliable, efficient power systems.