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Top 10 Transportation Startup Investors in Iceland (July 2026)

The most active venture capital funds and angel investors investing in Iceland Transportation startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Iceland Transportation startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
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
Two Ravens
VC Fund
1 United States, Germany, Iceland Seed, Pre-Seed Software, Information Technology, SaaS $1.5M–$2.8M
Arion Bank
VC Fund
1 Iceland Debt Financing, Seed, Post-IPO Debt Farming, Seafood, Mobile $15k–$148M
Riverstone Ventures
VC Fund
1 Iceland Venture - Series Unknown SaaS, Software, Marine Technology
Idlewild Management
VC Fund
1 Iceland Venture - Series Unknown SaaS, Software, Marine Technology
MD ONE Ventures
VC Fund
1 United Kingdom, Israel, Iceland Seed, Series A, Pre-Seed Software, Aerospace, Machine Learning $3.5M–$20M
Innoport
VC Fund
1 India, Germany, Togo Seed, Series A Software, SaaS, Logistics $1.1M–$14M
Brunnur Ventures
VC Fund
1 Iceland, United States, Denmark Seed, Series A Software, SaaS, Gaming $1M–$16M
Sukna Ventures
VC Fund
1 Saudi Arabia, United States, United Arab Emirates Seed, Series A Software, Information Technology, SaaS $100k–$12M
Faber
VC Fund
1 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $34k–$25M
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Investor list

Frumtak Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 2 investments in Iceland Transportation startups

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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Iceland, Estonia, United States

Investor stats

  • Total investments: 40
  • 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 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
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Two Ravens
VC Fund · 1 investments in Iceland Transportation startups

Two Ravens focuses on investing in pre-seed and early seed stage technology companies.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: United States, Germany, Iceland

Investor stats

  • Total investments: 6
  • Round size: Seed $1.8M–$2.8M; Pre-Seed $1.5M–$1.5M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Coworked — Coworked is redefining the Fortune 500 enterprise project management office (PMO) with Harmony, the AI Project Manager coworker that takes on 70%+ of routine project tasks, so your team can focus on driving outcomes, not chasing updates.What Harmony does: Harmony acts as a true team member, managing documents, timelines, resources, stakeholders,risks, meetings, and communication across your existing enterprise systems like Microsoft 365, Google Workspace, and your procurement, project, contract and financial tools.How Harmony works: Powered by Coworked’s proprietary agentic AI framework, Harmony operates autonomously as a headless project orchestrator within your workflows, without requiring new tools, systems, or disruptive process change.Why it matters: With Harmony, Fortune 500 enterprises reduce dependency on costly consultants, avoid the need to add headcount, and keep institutional knowledge alive across every project. The result: more projects delivered, with higher quality and less overhead.Our mission is simple, to make enterprise change as seamless as day-to-day operations.A Techstars-backed company.
  • 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 — AI copilots answer benefits questions instantly. Lower costs without changing carriers. Launch in under 30 days.
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Arion Bank
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Transportation startups

Arion bank offers financial services to companies, institutional investors, and individuals.

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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.
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Riverstone Ventures
VC Fund · Nyack, New York, United States · 1 investments in Iceland Transportation startups

Riverstone Ventures focuses on early stage climatetech companies.

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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.
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Idlewild Management
VC Fund · 1 investments in Iceland Transportation startups

Idlewild Management is a investment management firm.

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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.
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MD ONE Ventures
VC Fund · London, England, United Kingdom · 1 investments in Iceland Transportation startups

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.

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Investment focus

  • Industry: Software, Aerospace, Machine Learning
  • 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

  • Januus — Januus enables cryptocurrency, working to accelerate its adoption by the global financial community. They collects data from around the internet to develop linkages between bitcoin wallets and identities, bridging the blockchain divide.
  • 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.
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Innoport
VC Fund · Hamburg, Hamburg, Germany · 1 investments in Iceland Transportation startups

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.

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Investment focus

  • Industry: Software, SaaS, Logistics
  • Stage:Seed, Series A
  • Geography: India, Germany, Togo

Investor stats

  • Total investments: 17
  • Round size: Seed $1.1M–$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.
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Brunnur Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland Transportation startups

Brunnur Ventures is a top venture capital firm in Iceland for startups with high-growth potential.

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Investment focus

  • Industry: Software, SaaS, Gaming
  • Stage:Seed, Series A
  • Geography: Iceland, United States, Denmark

Investor stats

  • Total investments: 32
  • Round size: Seed $1M–$5.3M; 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 — 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.
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Sukna Ventures
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Iceland Transportation startups

Sukna ventures is a venture studio and fund based in Saudi Arabia.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Saudi Arabia, United States, United Arab Emirates

Investor stats

  • Total investments: 26
  • Round size: Seed $100k–$7M; Series A $10M–$12M
  • Lead/follow: 23% lead, 77% 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
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Iceland Transportation startups

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.

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Investment focus

  • Industry: Artificial Intelligence, Software, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Portugal, United States, United Kingdom

Investor stats

  • Total investments: 91
  • Round size: Seed $549k–$5.2M; Pre-Seed $34k–$3.8M; Series A $2.5M–$25M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Vyoma GmbH — Vyoma ensures satellite safety and real-time mapping of space objects with cameras on satellites paired with automation services.
  • Apres — Apres is a distributed learning engine built to enable high-performance, user-friendly AI for the world.
  • ATMOS Space Cargo — ATMOS Space Cargo develops and manufactures space capsules to return cargo from space, microgravity experiments, Commercial products to entire rocket stages.
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Transportation Investor funding in Iceland at a glance

Stats across 21 deals from 15 investors.

15
investors
in Iceland Transportation startups
21
deals
in Iceland Transportation startups
$1.3M
median round
in Iceland Transportation startups
47%
lead investors
lead at least one round
38%
Grant
most common funding stage
100/0
VC / Angel
share of investor count

Access all 15 investors in Iceland Transportation startups.

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