Top 10 Transportation Startup Investors in Iceland (August 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Frumtak Ventures
VC Fund
|
2 | Iceland, Estonia, United States | Seed, Series A | Software, Information Technology, SaaS | $974k–$20M |
|
Riverstone Ventures
VC Fund
|
1 | Iceland | Venture - Series Unknown | SaaS, Software, Marine Technology | |
|
Brunnur Ventures
VC Fund
|
1 | Iceland, United States, Japan | Seed, Series A, Angel | Software, SaaS, Gaming | $878k–$16M |
|
Two Ravens
VC Fund
|
1 | United States, Germany, Iceland | Seed, Pre-Seed | Software, Information Technology, SaaS | $1.5M–$2.8M |
|
Idlewild Management
VC Fund
|
1 | Iceland | Venture - Series Unknown | SaaS, Software, Marine Technology | |
|
Faber
VC Fund
|
1 | Portugal, United States, United Kingdom | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, SaaS | $29k–$25M |
|
Sukna Ventures
VC Fund
|
1 | United States, Saudi Arabia, United Arab Emirates | Seed, Venture - Series Unknown, Series A | Software, Information Technology, FinTech | $100k–$40M |
|
Arion Bank
VC Fund
|
1 | Iceland | Debt Financing, Seed, Post-IPO Debt | Farming, Seafood, Mobile | $15k–$148M |
|
Innoport
VC Fund
|
1 | India, Germany, Togo | Seed, Series A, Venture - Series Unknown | Software, SaaS, Logistics | $1M–$14M |
|
MD ONE Ventures
VC Fund
|
1 | United Kingdom, Israel, Iceland | Seed, Series A, Pre-Seed | Artificial Intelligence, Software, Security | $3.5M–$20M |
| Access all 16 investors in Iceland Transportation startups. | |||||
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At Frumtak Ventures, we champion founders who have demonstrated early traction and have potential to become global leaders in their space. We take a concentrated, high-conviction, and high-involvement approach to investing and dedicate ourselves to collaboratively work with our portfolio companies from the seed stage through IPO. Our initialticket size usually ranges from €1 million to €3 million.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A
- Geography: Iceland, Estonia, United States
Investor stats
- Total investments: 41
- Round size: Seed $974k–$4.7M; Series A $1.2M–$20M
- Lead/follow: 73% lead, 27% follow
- Last fund: Likely still investing — fund raised in 2024
Portfolio highlights
- Optise — Optise is the self-improving B2B website platform that automatically ships data-driven improvements every week so you get more leads and customers without becoming a website expert.
- 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 — Euler is a software company focused on addressing the issue of build-to-build and machine-to-machine variability in metal additive manufacturing (AM).
Riverstone Ventures focuses on early stage climatetech companies.
Show more...Investment focus
- Industry: SaaS, Software, Marine Technology
- Stage:Venture - Series Unknown
- Geography: Iceland
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
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.
Brunnur Ventures is a top venture capital firm in Iceland for startups with high-growth potential.
Show more...Investment focus
- Industry: Software, SaaS, Gaming
- Stage:Seed, Series A, Angel
- Geography: Iceland, United States, Japan
Investor stats
- Total investments: 32
- Round size: Seed $1M–$5.3M; Angel $878k–$1M; Series A $1.5M–$16M
- Lead/follow: 66% lead, 34% follow
- Last fund: May invest from a new fund soon — raised $65M in 2021
Portfolio highlights
- Axelyf — Building Next-Generation RNA-LNP Therapeutics: experienced drug developers with distinctive technologies - for partners, programs and patients
- 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.
Two Ravens focuses on investing in pre-seed and early seed stage technology companies.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Pre-Seed
- Geography: United States, Germany, Iceland
Investor stats
- Total investments: 7
- Round size: Seed $1.8M–$2.8M; Pre-Seed $1.5M–$2M
- Lead/follow: 57% lead, 43% follow
Portfolio highlights
- Aavalynx — Legal tools stop at making lawyers faster. Aavalynx goes further: we help in-house teams, funders and law firms advising them resolve disputes sooner, at lower cost, and with full control.
- Coworked — Making enterprise change as seamless as day-to-day operations with Harmony, the headless-Al project manager. #ProjectManagement #AIProjectManagement
- Outfox Health — AI copilots answer benefits questions instantly. Lower costs without changing carriers. Launch in under 30 days.
Idlewild Management is a investment management firm.
Show more...Investment focus
- Industry: SaaS, Software, Marine Technology
- Stage:Venture - Series Unknown
- Geography: Iceland
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
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.
Faber is a Lisbon-based venture capital firm investing in outstanding entrepreneurs who innovate at the intersection of science and technology to drive digital transformation and climate action. The firm combines a specialist focus on deep tech early-stage startups with dedicated funds, investment teams and expert advisors to actively helpfounders build global companies powered by AI/Data, Web3 or Ocean/Climate technologies.Faber’s unique approach in Southern Europe is led by an entrepreneurial management partnership and backed by notable thesis-driven institutions and private investors. Investing since 2013, the firm has been an early investor in hard tech companies such as Unbabel, SWORD Health, Codacy, iLoF or YData.
Show more...Investment focus
- Industry: Artificial Intelligence, Software, SaaS
- Stage:Seed, Pre-Seed, Series A
- Geography: Portugal, United States, United Kingdom
Investor stats
- Total investments: 97
- Round size: Seed $549k–$5.2M; Pre-Seed $29k–$3M; Series A $2.5M–$25M
- Lead/follow: 30% lead, 70% follow
- Last fund: Likely actively investing — fund raised in 2024
Portfolio highlights
- Porelio — Porelio is an environmental technology that provides purification technologies for water and industrial chemicals.
- ATMOS Space Cargo — ATMOS Space Cargo develops and manufactures space capsules to return cargo from space, microgravity experiments, Commercial products to entire rocket stages.
- InSpacePropulsion Technologies — Cost-effective, robust, and quickly available propulsion solutions, based on 10+ years of R&D and 40 years of combined experience in space propulsion.
Sukna ventures is a venture studio and fund based in Saudi Arabia.
Show more...Investment focus
- Industry: Software, Information Technology, FinTech
- Stage:Seed, Venture - Series Unknown, Series A
- Geography: United States, Saudi Arabia, United Arab Emirates
Investor stats
- Total investments: 48
- Round size: Seed $100k–$9M; Series A $10M–$40M
- Lead/follow: 19% lead, 81% follow
Portfolio highlights
- Flend — Egypt’s first tech enabled, data driven financing solutions platform dedicated to small businesses.
- Anecdote —
- InfiniLink — Empowering Hyperscale Datacenters Building Energy-Efficient Ultra-High-Speed Connectivity Solutions
Arion bank offers financial services to companies, institutional investors, and individuals.
Show more...Investment focus
- Industry: Farming, Seafood, Mobile
- Stage:Debt Financing, Seed, Post-IPO Debt
- Geography: Iceland
Investor stats
- Total investments: 8
- Round size: Seed $15k–$670k; Debt Financing $84M–$148M
- Lead/follow: 13% lead, 87% follow
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.
We invest in innovative and high-potential startups.We focus on the global maritime and logistics sectors.We are striving to find disruptive technologies and business models.
Show more...Investment focus
- Industry: Software, SaaS, Logistics
- Stage:Seed, Series A, Venture - Series Unknown
- Geography: India, Germany, Togo
Investor stats
- Total investments: 17
- Round size: Seed $1M–$3.7M; Series A $5M–$14M
- Lead/follow: 18% lead, 82% follow
Portfolio highlights
- Secro — Digitize Negotiable Documentary Workflows , Improve Compliance , Manage Risks , All Commodities & transportation Modes With One Secure Platform Low-code SaaS to digitize & automate key trade documents. Ensure clarity before you commit with a guided process. Adapts to your...
- Portcast — Our solution improves your supply chain resilience and profitability by accurately predicting arrival times and monitoring valuable container shipments around-the-clock.
- 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.
MD One Ventures is the Venture Capital team dedicated to supporting National Security Innovation for the UK and Allies. We invest in the frontier technologies that matter.
Show more...Investment focus
- Industry: Artificial Intelligence, Software, Security
- Stage:Seed, Series A, Pre-Seed
- Geography: United Kingdom, Israel, Iceland
Investor stats
- Total investments: 21
- Round size: Seed $3.5M–$9.3M; Series A $8M–$20M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Pimloc — Pimloc's deep learning platform enables private businesses and public organisations to protect sensitive or personal data in video, to maintain safe online environments and to manage video security.
- Milvus Advanced — Our Midas-touch alloys replicate the functional properties of platinum-group metals at a fraction of the cost.
- Labrys Technologies — Visualise & Coordinate Your People. Securely. Anywhere. In Real-Time.
Transportation Investor funding in Iceland at a glance
Stats across 22 deals from 16 investors.
Access all 16 investors in Iceland Transportation startups.
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