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Top 10 FinTech Startup Investors in Iceland (May 2026)

The most active venture capital funds and angel investors investing in Iceland FinTech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Iceland FinTech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Crowberry Capital
VC Fund
4 Iceland, Denmark, United States Seed, Pre-Seed, Series A Software, Gaming, Information Technology $400k–$15M
Preceptor Capital
VC Fund
2 Iceland, United States Seed, Series A FinTech, Computer, Software
Polaris
VC Fund
1 Iceland, Singapore Debt Financing FinTech, Finance, Payments
byFounders
VC Fund
1 Denmark, United States, Germany Seed, Series A, Pre-Seed Software, Artificial Intelligence, Mobile Apps $1M–$15M
ConsenSys
VC Fund
1 United States, United Kingdom, Canada Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Software $200k–$30M
Karma Ventures
VC Fund
1 Estonia, Sweden, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $536k–$30M
New Business Venture Fund
VC Fund
1 Iceland, United States, China Seed, Series A Software, Health Care, Medical $400k–$3.4M
Frumtak Ventures
VC Fund
1 Iceland, United States, United Kingdom Seed, Series A Software, Information Technology, Enterprise Software $380k–$6.5M
Hof Holdings
VC Fund
1 Iceland Seed FinTech, Blockchain, Financial Services
Iceland Venture Studio
VC Fund
1 Iceland, India, Israel Seed, Pre-Seed Health Care, Software, B2B $500k–$3M
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Investor list

Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 4 investments in Iceland FinTech startups

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.

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Investment focus

  • Industry: Software, Gaming, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Iceland, Denmark, United States

Investor stats

  • Total investments: 34
  • Round size: Seed $1M–$3M; Pre-Seed $400k–$1.3M; Series A $6.1M–$15M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Embla — Embla provides an online medical weight loss treatment using prescription drugs and coaching. The company provides patients with evidence-based treatments, digital tools, medication, and coaching to facilitate sustainable weight loss. Embla was founded in 2021 and is headquartered in Copenhagen, Denmark.
  • SNERPA Power — SNERPA Power develops intelligent energy services.
  • Ellie.ai — Grasp your business needs and validate your product ideas before building your data pipelines. Use Ellie's conceptual data models and logical data models to design great data products.
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Preceptor Capital
VC Fund · 2 investments in Iceland FinTech startups

Preceptor Capital is an investment firm.

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Investment focus

  • Industry: FinTech, Computer, Software
  • Stage:Seed, Series A
  • Geography: Iceland, United States

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Anonybit — Anonybit offers top-notch identity protection & secure authentication solutions. Experience the power of decentralized biometric security for enhanced privacy.
  • Lucinity — Money laundering is the crime that fuels crime. Lucinity's mission is to Make Money Good® by combining the best of human and artificial intelligence. Lucinity uses Human AI to help banks fight financial crime more efficiently. By designing its AML platform around man and machine, Lucinity allows banks to increase their AML programs'productivity.Lucinity identifies suspicious activity through its proprietary behavior detection system. The approach is entirely risk-based and allows customers to control their risk exposure before efficiently reviewing AML alerts in the Lucinity Case Manager.The company was founded by industry veterans. The core team has experience from Tier-1 banks, international regulators, and leading legacy vendors. Lucinity takes great pride in being the enterprise-ready AML startup that brings the novelty and excitement of a startup and the professionalism and experience of an incumbent.
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Polaris
VC Fund · Singapore, Central Region, Singapore · 1 investments in Iceland FinTech startups

Polaris is a launchpad for businesses aspiring to accelerate their growth. Polaris offers our partners the opportunity to enhance their value by co-creating financial solutions that leads to additional revenue streams and financial sustainability.

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Investment focus

  • Industry: FinTech, Finance, Payments
  • Stage:Debt Financing
  • Geography: Iceland, Singapore

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Eezee — Singapore’s first & largest industrial marketplace that connects local suppliers to corporate clients, leveraging technology to help both parties make informed decisions.The company offers a secure platform for buyers and sellers to transact.Our aim is to improve the efficiency of business to business (B2B) transactions. We do this byensuring that the process of selecting and purchasing your supplies becomes quicker, more convenient and transparent. We support local suppliers in establishing their presence online, enabling them to be discovered by corporate organisations.
  • Memento Payments — Easily embed cards into your application or deploy a new & extendable card application in your brand
  • Zero Motorcycles — Manufacturer of 100% electric motorcycles for the street and dirt.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Iceland FinTech startups, 7 in the past 12 months

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.

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Investment focus

  • Industry: Software, Artificial Intelligence, Mobile Apps
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Denmark, United States, Germany

Investor stats

  • Total investments: 60
  • Round size: Seed $1M–$4.6M; Pre-Seed $2.1M–$2.1M; Series A $5M–$15M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • QA.tech — Our AI combines the skills of a QA engineer with the speed of automated testing for you. This shortens your time to market, cuts costs and improves the quality of your web apps.
  • Rig.dev — Rig.dev offers an open-source application platform for Kubernetes. Rig.dev empower developers to work in their own environments with elevated application abstractions, while still leveraging Kubernetes's reliability, portability, and scalability.
  • Jellatech — Jellatech is a B2B biotech business based in Raleigh, NC, and with R&D in Wageningen, Netherlands. Jellatech is producing high-quality, pure, animal-free collagen and gelatin. Founded by a group of innovators, dreamers, entrepreneurs, and scientists, Jellatech is eliminating the dependency on animals, to make better ingredient products -starting with collagen and gelatin.
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ConsenSys
VC Fund · Zug, Zug, Switzerland · 1 investments in Iceland FinTech startups, 7 in the past 12 months

Build next-generation apps, launch blockchain-based financial infrastructure, and access the decentralized web with ConsenSys' Ethereum product suite.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 57
  • Round size: Seed $410k–$6.3M; Pre-Seed $200k–$1.1M; Series A $6.5M–$30M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Pimlico — Leverage Pimlico to get more users by unlocking the full potential of gas sponsorships.
  • HyperPlay — HyperPlay is a web3-native game launcher that enables players to carry their wallet, NFTs, tokens, and achievements into every game.
  • Intuition — Intuition provides decentralized infrastructure, developer tools, and applications enabling the creation of an open, flexible knowledge graph enhancing the quality and availability of social knowledge.
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Iceland FinTech startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, Sweden, Finland

Investor stats

  • Total investments: 36
  • Round size: Seed $536k–$4.3M; Series A $4.8M–$16M; Series B $3.2M–$30M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • DRUID — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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New Business Venture Fund
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland FinTech startups

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.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Series A
  • Geography: Iceland, United States, China

Investor stats

  • Total investments: 37
  • Round size: Seed $400k–$2.6M; Series A $450k–$3.4M
  • Lead/follow: 62% lead, 38% follow

Portfolio highlights

  • HorseDay — HorseDay is a mobile application to track horse activities.
  • Spectaflow — Simple housekeeping and task management for hospitality. More effective operations without printouts, phone calls, and yellow stickers. Learn more!
  • PayAnalytics — PayAnalytics helps companies monitor, address and close pay gaps. Comply with regulations, use built-in reports or customize your own. Pay equity decisions made easy for HR and compensation managers as well as consultants. Used in over 75 countries for organizations of all sizes.
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Frumtak Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland FinTech startups

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.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Seed, Series A
  • Geography: Iceland, United States, United Kingdom

Investor stats

  • Total investments: 29
  • Round size: Seed $380k–$2.7M; Series A $1.2M–$6.5M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: Likely still investing — raised $57M in 2021

Portfolio highlights

  • 50skills — Bring people, information and tools together. 50skills is a hiring system and so much more.
  • Spectaflow — Simple housekeeping and task management for hospitality. More effective operations without printouts, phone calls, and yellow stickers. Learn more!
  • Abler — Abler brings simplicity to the complexities of team management. With easy scheduling, messaging, payment, and data tools, Abler empowers users to spend more time cultivating the essential life skills and values learned through sports and other organised activities.
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Hof Holdings
VC Fund · 1 investments in Iceland FinTech startups

Hof Holdings

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Investment focus

  • Industry: FinTech, Blockchain, Financial Services
  • Stage:Seed
  • Geography: Iceland

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Monerium — Monerium is a regulated financial services company making currency more accessible, secure, and simple to transact. By issuing global e-money, individuals are able to store and use virtual currency without the need for financial institutions. Monerium was founded in 2015 by a team with diverse backgrounds, including central banking & finance,blockchain, biotech, and cloud services. The company has raised $2M in funding, including ConsenSys, Crowberry Capital, and Hof Holdings.The first release of Smart Money (e-money) will be on Ethereum in 2019.Follow us on Github: https://github.com/monerium/
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Iceland Venture Studio
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investments in Iceland FinTech startups

We help people grow and build decentralized companies

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Investment focus

  • Industry: Health Care, Software, B2B
  • Stage:Seed, Pre-Seed
  • Geography: Iceland, India, Israel

Investor stats

  • Total investments: 11
  • Round size: Seed $500k–$3M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Soptle — Founded in Sep 2021, Soptle started to establish an integrated technology to the neglected regional FMCG Manufacturers in India with a B2B Retail Commmerce App. It uses tech and data to distribute at scale and use necessary components (existing Distributor/Wholesaler) in the FMCG Supply Chain to build a high growth and profitable business.
  • Expertrons — Expertrons is an upskilling platform that offers advanced training programs | BSFI | HR | Marketing and many more to assure 100% professional success.
  • Nanom — Greenvolt Nano creates nano-enhanced materials for use in battery technology. It provides a pathway to clean, inexpensive, and renewable energy sources while reducing environmental toxicity. And makes products smarter, efficient, and longer lasting. It is founded in 2017.
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FinTech Investor funding in Iceland at a glance

Stats across 9 deals from 12 investors.

12
investors
in Iceland FinTech startups
9
deals
in Iceland FinTech startups
$756k
median round
in Iceland FinTech startups
42%
lead investors
lead at least one round
44%
Grant
most common funding stage
92/8
VC / Angel
share of investor count

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