# Top 15 Enterprise VC (Venture Capital) Funds in Iceland in May 2026 ## New Business Venture Fund - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 16 - Stages: Seed, Series A - Focus: Software, Health Care, Medical The New Business Venture Fund is an evergreen investment fund that actively contributes to the development and growth of the Icelandic economy by investing in promising innovation and start-up companies.The New Business Venture Fund invests at seed and early stage in promising growth companies with great business ideas and strong management anddevelopment teams.The New Business Venture Fund is a state owned investment fund intended to strengthen and develop the Icelandic venture capital market along with promoting startups and business in Iceland thus encouraging economic growth. ## Frumtak Ventures - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 10 - Stages: Seed, Series A - Focus: Software, Information Technology, Enterprise Software Frumtak (a.k.a. Frumtak Investment Fund, Frumtak I, Frumtak 1) was founded December 23rd. 2008. The objective was to invest in early stage growth companies that were post seed and had growth potential. This would result in leading companies that could deliver a good return to investors.At the close of Frumtak‘s investment period on December 31st.2012, the fund had invested in fifteen companies with nine investments still active. The remainder of lifetime of the fund is used to follow on investments and divest assets.Frumtak Ventures (Frumtak II, Frumtak 2) started in February 2015. The fund builds on the legacy of Frumtak 1. The fund invests in early stage innovative companies that are post seed and show great potential for growth. The fund invests primarily in Iceland but is allowed to invest abroad as allowed by law in connection with its portfolio investments to ensure success in foreign markets.Frumtak II emphasizes to invest in companies where growth and sales in foreign markets are the primary objective, but does not specialize in any particular industry. The fund wants to ensure that original ideas get a chance and thereby increasing the probability of creating growth and value. By doing this, it enforces the image that Icelandic innovation is profitable.Frumtak II aspires to be a trusted and popular ally. The fund strives to have a good relationship and co-operation with all stakeholders within the start-up and innovation community. The fund puts a special emphasis on co-operating with stakeholders outside Iceland. ## Brunnur Ventures - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 5 - Stages: Seed, Series A, Angel - Focus: Software, SaaS, Biotechnology Brunnur Ventures invests in entities in Iceland and has the ability to invest abroad as a part of the expansion of its portfolio companies internationally. The venture firm does not have a specific industry focus. However, it investments in companies that show great growth potential in specific industry sectors. Brunnur Ventures is the GeneralPartner of Brunnur Venture Capital Fund a USD 40M fund. ## Crowberry Capital - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 4 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Gaming, Information Technology Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first. ## Preceptor Capital - Type: VC Fund - Relevant deals: 2 - Stages: Seed, Series A - Focus: FinTech, Computer, Software Preceptor Capital is an investment firm. ## Teya - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Focus: Information Technology, Apps, Sales SaltPay is a FinTech company dedicated to building a better future for merchants by servicing them through payment and management tools. Focused on efficiency, technology, and people, they give merchants the help they need to grow. ## Karma Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Software, Artificial Intelligence, Information Technology karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe. ## Omega Algae - Type: VC Fund - Location: Hveragerði, Arnessysla, Iceland - Relevant deals: 1 - Stages: Seed - Focus: Software, Information Technology Omega Algae Iceland emphasis to become a global, innovative, cost-effective and sustainable supplier of high quality ingredients extracted from Algae.Omega Algae, based in Iceland, emerged from an initiative of five founders who developed specific systems to maximize the utilisation of the resources supplied by nature to grow one of the oldestand essential organisms in the existence of life on earth. Realizing that the world population is growing, and food chains are stressed to supply the essential elements for the continuance of a healthy future, Omega Algae is able to address these challenges with efficient solutions. ## Seed Capital - Type: VC Fund - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Health Care, SaaS Seed Capital invests in Danish tech businesses with global ambitions. We are focused on "late seed"-stage companies, typically investing 1-3 MEUR in rounds of 1-6 MEUR. Proud backers of Trustpilot, Vivino, Lunar, Templafy, Dixa, Forecast, and many other great companies. ## Probiocon - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Medical, Consulting, Health Care Probiocon is a consulting company offering comprehensive services for pharmaceutical and biotechnological companies. We give advice and support for all kind of corporate development activities (services) needed for biotech and pharma companies, including but not limited to Corporate Financing, Licensing & Partnering, Merger & Acquisition,and Corporate Organisation.Their vision is to provide optimized and cost-effective solutions to the special needs of companies developing biopharmaceutical compounds. ## Eyrir Venture Management - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 1 - Stages: Pre-Seed, Series A - Focus: Software, B2B, SaaS Eyrir Venture Management is the venture investment arm of Eyrir Invest, and manages the Eyrir Sprotar venture fund. Eyrir Sprotar focuses on supporting promising ventures for international growth and value creation, investing in seed-stage and early-stage companies. The firm's investment strategy spans all stages of a company´s growth, fromseed capital to funding early-stage companies as well as partaking in international growth.Eyrir Sprotar was founded in 2015 and is based in Reykjavík, Gullbringusysla. ## Menlo Ventures - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Series B, Series A, Series C - Focus: Software, Information Technology, Enterprise Software Menlo Ventures is a Bay Area venture capital firm that pursues companies with the potential to disrupt huge markets. We invest in all stages, across consumer, enterprise, and healthcare technologies. ## byFounders - Type: VC Fund - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Artificial Intelligence, Mobile Apps byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem. ## Baliopharm - Type: VC Fund - Location: Jülich, Nordrhein-Westfalen, Germany - Relevant deals: 1 - Stages: Seed - Focus: Medical, Consulting, Health Care Baliopharm AG is a biotechnology company focusing on the development of novel therapeutics for the treatment of autoimmune diseases like rheumatoid arthritis, Crohn`s disease, psoriasis and multiple sclerosis, and for cancer. ## Capital A Partners - Type: VC Fund - Location: Charleston, South Carolina, United States - Relevant deals: 1 - Stages: Seed, Series A - Focus: 3D Printing, Software, 3D Technology venture capital and private equity for early stage businesses # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co