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Top 10 Transportation Startup Investors in Iceland (October 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 Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Frumtak Ventures
VC Fund
3 Iceland, Estonia, United States Seed, Venture - Series Unknown Software, Information Technology, SaaS $974k–$14M
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, Venture - Series Unknown Software, SaaS, Gaming $800k–$16M
Faber
VC Fund
1 Portugal, Germany, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $121k–$25M
Sukna Ventures
VC Fund
1 United States, Saudi Arabia, United Arab Emirates Seed, Venture - Series Unknown, Series A Software, FinTech, Financial Services $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
Two Ravens
VC Fund
1 United States, Jersey, Germany Pre-Seed, Seed, Venture - Series Unknown Software, Law Enforcement, Information Technology $1.5M–$2.8M
Idlewild Management
VC Fund
1 Iceland Venture - Series Unknown SaaS, Software, Marine Technology
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Investor list

Frumtak Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 3 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, Venture - Series Unknown
  • Geography: Iceland, Estonia, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $974k–$4.7M; Venture - Series Unknown $1.2M–$14M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: Likely still investing — raised $87M in 2024

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.
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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
  • Last fund: May invest from a new fund soon — raised $160k in 2021

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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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, Venture - Series Unknown
  • Geography: Iceland, United States, Japan

Investor stats

  • Total investments: 33
  • Round size: Seed $1M–$5.3M; Series A $1.5M–$16M; Venture - Series Unknown $800k–$3M
  • Lead/follow: 67% lead, 33% 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 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.
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Iceland Transportation startups, 7 in the past 12 months

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

Investor stats

  • Total investments: 100
  • Round size: Seed $595k–$5.2M; Pre-Seed $121k–$3M; Series A $2.5M–$25M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fresh fund, raised $34M in 2024

Portfolio highlights

  • Porelio — Porelio is an environmental technology that provides purification technologies for water and industrial chemicals.
  • Helix Robotics — We are building the first commercial soft manipulator
  • 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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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, FinTech, Financial Services
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United States, Saudi Arabia, United Arab Emirates

Investor stats

  • Total investments: 51
  • Round size: Seed $100k–$9M; Series A $10M–$40M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Flend — Egypt’s first tech enabled, data driven financing solutions platform dedicated to small businesses.
  • OCTA — OCTA brings you the clients and runs the work behind them, from books and reconciliations to billing and close. You grow the firm without adding headcount.
  • Anecdote —
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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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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, 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.
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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: 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.
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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, Law Enforcement, Information Technology
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: United States, Jersey, Germany

Investor stats

  • Total investments: 7
  • Round size: Seed $1.8M–$2.8M; Pre-Seed $1.5M–$2M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — fund raised in 2023

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.
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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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Transportation Investor funding in Iceland at a glance

Stats across 34 deals from 22 investors.

22
investors
in Iceland Transportation startups
34
deals
in Iceland Transportation startups
$116k
median round
in Iceland Transportation startups
45%
lead investors
lead at least one round
50%
Grant
most common funding stage
100/0
VC / Angel
share of investor count

Access all 22 investors in Iceland Transportation startups.

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