Top 50 Startup Investors in Iceland in October 2023
Top 50 Startup Investors in Iceland in October 2023
| Investor | Iceland investments |
|---|---|
| New Business Venture Fund | 26 |
| Brunnur Ventures | 17 |
| Frumtak Ventures | 16 |
| Crowberry Capital | 12 |
| Sisu Game Ventures | 5 |
| Iceland Venture Studio | 4 |
| Hilmar Veigar Petursson | 4 |
| Novator | 3 |
| Sigþór Sigmarsson | 3 |
| MGMT Ventures | 3 |
| byFounders | 3 |
| David Helgason | 2 |
| Inventure | 2 |
| Investa | 2 |
| Possible Ventures | 2 |
| PROfounders Capital | 2 |
| Slack Fund | 2 |
| Index Ventures | 2 |
| Sigurdur Olafsson | 2 |
| Sustainable Food Ventures | 2 |
| BlueYard Capital | 2 |
| Christian Jantzen | 2 |
| Reaktor Ventures | 2 |
| Preceptor Capital | 2 |
| Shanda Group | 2 |
| Headline | 1 |
| Greycroft | 1 |
| Charles Huang | 1 |
| Hermann Kristjánsson | 1 |
| Andri Sveinsson | 1 |
| TM | 1 |
| Heini Zachariassen | 1 |
| Makers Fund | 1 |
| KB Investment | 1 |
| VegInvest | 1 |
| Aqua Spark | 1 |
| BackingMinds | 1 |
| Aton | 1 |
| New Enterprise Associates | 1 |
| Lifely VC | 1 |
| boldstart ventures | 1 |
| Technology Development Fund | 1 |
| whynow | 1 |
| CRIT Ventures | 1 |
| General Electric | 1 |
| Birkir Bjarnason | 1 |
| Thor Fridriksson | 1 |
| Soo Boon Koh | 1 |
| Sigurgeir Gudlaugsson | 1 |
| Tennin | 1 |
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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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- Software, Health Care, Medical
- Seed, Funding Round, Series A
- Iceland, United States, China
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.
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.
Show more...Investment focus
- Software, SaaS, Biotechnology
- Seed, Series A, Angel
- Iceland, United States, Denmark
Portfolio highlights
- PaxFlow — We empower tour operators to streamline operations PaxFlow helps streamline tour operations with resource management, data based workflows, customer communication and self service tools. Discover Streamlined Tour Management PaxFlow integrates with leading booking system providers and integrates booking data with operational features like resource management, shift scheduling, departure management and customer self service portal to...
- Vitar Games — A WW1 Strategy driven Management Game
- Standby Deposits — Standby Deposits is a rental security deposit replacement based on credit.
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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- Software, Information Technology, Enterprise Software
- Seed, Funding Round, Series A
- Iceland, United States, United Kingdom
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.
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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- Software, Gaming, Information Technology
- Seed, Pre-Seed, Series A
- Iceland, Denmark, United States
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.
Sisu Game Ventures is an early-stage venture capital fund focused 100% on games. We set up shop in 2014 to support the most promising founders in the industry. Sisu has deep roots in the Nordic region, but our network of founders is fully global.The Sisu team consists of Samuli, Paul, Erik, Kalle, Moaffak, Kadri, and Jere - all of whom haveextensive backgrounds in the game industry and startup circles, both as entrepreneurs and investors. We've founded and built sixteen game companies since the early 90s and had several successful exits. Apart from funding companies, the team uses their expertise to act as a studio builder. Individual founders are supported in building their team, honing their product strategy and in gathering the right group of investors.
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- Gaming, Video Games, Virtual Reality
- Seed, Series A, Funding Round
- Finland, United States, Iceland
Portfolio highlights
- Unagi — Collect your favorite football players and pick your best 11 every week!
- Multiscription — Multiscription is a cross-product subscription service. Introducing Unleashd, the first in-game and cross-publisher subscription service for free-to-play games.
- Esports Coaching Academy — ECA's software solution consists of an educational hub and a SaaS solution that provides exercises and complete programming for esports clubs and coaches.
We help people grow and build decentralized companies
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- Health Care, Software, B2B
- Seed, Pre-Seed, Funding Round
- Iceland, India, Israel
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.
Hilmar has been leading CCP Games’ ongoing success and growth since his appointment as Chief Executive Officer in 2004. Under Hilmar’s management CCP’s critically acclaimed science-fiction game EVE Online celebrated an unprecedented ten consecutive years of subscriber growth. In addition, Hilmar has put CCP into the pole position in the VRrevolution by embracing the new technology early. The company released virtual-reality arcade shooter Gunjack for the Samsung Gear VR in 2015, which has been the best-selling game on the platform since launch. And in early 2016 CCP released EVE: Valkyrie, a hotly-anticipated multiplayer spaceship dogfighting shooter built from the ground up for virtual reality, bundled with Oculus Rift pre-orders. EVE: Valkyrie will ship on HTC Vive and PlayStation VR on PlayStation 4 later in 2016. Before his appointment to the CEO position, Hilmar held the title of CCP's Chief Technical Officer, heading the engineering effort required to create the company’s persistent world technology and 3D engine. Prior to joining CCP in 2000, he served as the CTO of SmartVR, an OZ.com spin-off based on that company’s multi-user virtual reality technology following his tenure as the VP of software development for the OZ Studios division of OZ.com.Currently, he is also active on a number of boards and committees relating to Icelandic information technology and innovation. Hilmar has a B.Sc. in Computer Science from the University of Iceland.
Show more...Investment focus
- Online Games, Video Games, Software
- Seed, Series A, Funding Round
- Iceland, United States, United Kingdom
Portfolio highlights
- Zebedee — Make financial transactions a native part of your apps and games. Easy to implement, infinitely flexible and inherently global.
- LearnCove — LearnCove provides businesses with a modular and easy-to-use training platform for high-quality training across markets and cultures.
- Netspeak Games — Netspeak Games operates as a zero-crunch studio that develops online multiplayer games. Its first game is a non-violent social MMO, designed to be a fun place to hang out with friends. Players can relax, play, or just get some headspace.
Novator is an alternative investment firm founded and led by the international investor and entrepreneur Thor Bjorgolfsson.Novator's investment portfolio is focused around following sectors: Telecommunications, Pharmaceuticals, IT and Renewable Energy. In addition, Novator operates a Private Equity Fund and a Credit Opportunities Fund.Novator focuses on developing strong management teams in each of its portfolio companies. While granting them the autonomy to create value, Novator maintains a supervisory role, principally through representation on the Boards of its investee companies. Novator differentiates itself from many other private equity companies in concentrating on complex situations, either by virtue of their structure or their cross-border nature. To create value, Novator undertakes the restructuring or "de-risking" of investment opportunities through re-financing, combining acquired assets with existing businesses, through sale to strategic or financial buyers, or through flotation. Novator's investment portfolio is focused around four main sectors:Telecommunications, Pharmaceuticals, IT and Renewable Energy.
Show more...Investment focus
- Information Technology, Software, E-Commerce
- Funding Round, Series A, Series B
- United Kingdom, Iceland, Germany
Portfolio highlights
- Olive — Olive's technology evaluation platform finds & compares your best-match enterprise software & manages the selection process. Build requirements from pre-built libraries. Compare all solutions in the market against your unique business needs. Olive takes the best practices of digital transformation and shortens the process allowing you to make smart decisions, faster.
- Klang Games — Klang Games is an entertainment & game development studio in Berlin, developing the MMO Simulation and Virtual World, Seed. Klang is always hiring!
- Sidekick Health — Our mission is to develop and deliver effective personalized digital therapeutics that prevent suffering and add millions of quality life years to people around the world. Our multi-chronic digital care platform allows us to scale the production of clinical treatments across major chronic diseases.
Sigþór Sigmarsson is Finance director at Novato. He attended Háskóli Íslands.
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- Health Care, Medical, Software
- Seed, Funding Round
- Iceland
Portfolio highlights
- Genis — GENIS is a biotechnology company headquartered in Siglufjörður, Iceland. They strive to discover, develop and commercialize novel and life-changing products, supplements and medical devices derived from crustacean exoskeletons. The GENIS team has been developing cutting-edge research on the production of chitin, chitosan, and short chain chitosanfor two decades. Their mission is to leverage this accumulated body of world-class scientific research with the intent of providing life-altering benefits for individuals.
- Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
- 3Z Pharmaceuticals — 3Z Pharmaceuticals provides research services intended to provide drug development services. It offers drug screening on sleep and epilepsy assays that helps in the development of drugs used to treat neurological disorders, enabling patients to get multiple drug efficacy and toxicity assays.Karl Karlsson and Haraldur Thorsteinsson founded 3ZPharmaceuticals in 2008. It based their company on their research on the sleeping patterns of the zebrafish at the Reykjavik University Neurolab in 2006.
MGMT Ventures mission is to support and invest in founders pushing the boundaries of innovation in emerging and future industries.
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- Gaming, Sports, Seafood
- Pre-Seed
- Iceland
Portfolio highlights
- Loki Foods — We're producing sustainable, plant-based foods from the Arctic. Iceland’s first plant-based cod and seafood!
- Esports Coaching Academy — ECA's software solution consists of an educational hub and a SaaS solution that provides exercises and complete programming for esports clubs and coaches.
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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- Software, Artificial Intelligence, Mobile Apps
- Seed, Series A, Pre-Seed
- Denmark, United States, Germany
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.
David is a technologist, the founder of Unity Technologies, non-exec director to others, and a restless entrepreneur with a passion for creating feedback loops between innovation and teams and products, applying new and old business models to changing industries, and pushing people to do the very best they can do.David's background is inprogramming, an assortment of university dabbling, creating companies, and helping entrepreneurs. He served as CEO of Unity Technologies since co-founding it in 2003 and until October 2014, with an unflinching vision to democratize game development, and to develop technology and business models for the next phase of the games industry. David Helgason attended the University of Copenhagen.
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- Software, Gaming, Information Technology
- Seed, Pre-Seed, Funding Round
- United States, Denmark, Finland
Portfolio highlights
- Isometric — Isometric is a carbon removal registry and science platform
- TreesPlease Games — TreesPlease Games develops various computer and online games. The company is headquartered in London.
- Scriptic — Scriptic, interactive story games on mobile.
Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.
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- Software, Information Technology, Health Care
- Seed, Series A, Funding Round
- Finland, Sweden, Denmark
Portfolio highlights
- Haltian — End-to-end IoT solutions and world-glass product design services from Haltian
- 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.
- Value.Space — Space based risk assessments & monitoring
Investa is an early stage investor in some of Iceland's most innovative startups. It invests primarily in companies in the technology sector offering products and solutions that have an international appeal.Its policy is to invest in a select few startups and spend a lot of time with them. In addition to investing, the company also providevarious advisory services from time to time to companies, investors and institutions that need help evaluating new opportunities.
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- Software, SaaS, Crowdsourcing
- Seed, Angel
- Iceland, United States
Portfolio highlights
- GRID — Explore interactive analysis. Build beautiful reports. Collaborate with ease. Make fast, data-driven decisions.
- Travelade — Find recommendations and local insights from all across the world. Discover hidden gems, book experiences with best price guaranteed, create epic stories.
- Aldin Dynamics — Aldin creates believable realities designed for presence & immersion.
Possible Ventures backs ambitious teams building frontier technology to positively impact society. We invest globally in the early stages, actively supporting founders via our collective of global entrepreneurs.
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- Software, Information Technology, Biotechnology
- Seed, Pre-Seed, Series A
- Germany, Australia, United States
Portfolio highlights
- Automata — Automata is a deep-tech company that creates products that empower people to automate physical work. The company's product, Eva, is a lightweight and affordable robot arm built for professionals in a production line, in a lab, a home workshop or even in a classroom. People don't need to be technical experts to communicate with robots. Theweb-based software platform can be programmed by anyone, anywhere, any time, from any device, making it easy to reconfigure for a wide range of different tasks.Automata was founded on 2015 and is headquartered in London, England.
- Eden Brew — Eden Brew is a ground-breaking new way to enjoy dairy products sustainably and nutritiously.
- Pow.bio — Pow.bio provides fermentation services for synthetic biology.
We are PROfounders. We are the proactive European early-stage venture fund.
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- Software, Apps, Travel
- Seed, Series A, Series B
- United Kingdom, United States, Finland
Portfolio highlights
- Smiler — Memorable experiences deserve to be captured in high quality. We make it happen. Valuable memories in high quality, for everyone, everywhere.
- Bloobirds — We transform Salesforce into an amazing software for sales teams, automating activity recording and tracking, for effortless reporting.
- Scaleup Finance — Improve your financial management
The Slack Fund is a venture capital fund that invests in and collaborates with entrepreneurs creating the next great software companies.
Show more...Investment focus
- Software, SaaS, Internet
- Seed, Series A, Series B
- United States, Canada, United Kingdom
Portfolio highlights
- Hone — Hone combines the world's largest catalog of live, virtual classes with customizable, cohort-based programs designed to drive impact - all powered by
- Videowise — End-to-end eCommerce Video Platform built for scale & performance to help brands and retailers create interactive shoppable video experiences.
- Courier — Courier offers an API that lets developers intelligently route user notifications across their existing channels – like SendGrid, Twilio, Slack, and Facebook Messenger – using factors like "is the user online?" and "which channel has produced the most engagement for this user previously?"
Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.
Show more...Investment focus
- Software, E-Commerce, Internet
- Series A, Series B, Seed
- United States, United Kingdom, France
Portfolio highlights
- Apron — Sort, pay and reconcile your invoices in seconds.
- Worldover — Cosmetic compliance made simple
- Class Companion — Class Companion is a new AI technology that allows professors to provide students with immediate, individualized feedback.
Sigurdur Olafsson
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- 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.
- The One - Dating App — The One is a wholesome, conversation-first, dating app that systematically matches two strangers every day. Its user gets a few new matches every three days and they spend their time getting to know their matches through chat and exciting profiles. The user also can choose to extend the chat and start sharing photos, voice, live stream, etc. Theapp has a 72-hour countdown timer and unless tap the Extend Chat button the matches disappear forever when the timer reaches zero.
SFV backs globally early-stage founders building leading Future of Food companies that are: #Cell-based #Plant-based #Recombinant
Show more...Investment focus
- Food and Beverage, Biotechnology, Food Processing
- Pre-Seed, Seed, Angel
- United States, India, Germany
Portfolio highlights
- Farmless — A farmless fermentation platform has the potential to create an entirely new food repertoire, producing proteins, carbohydrates, beneficial fats, vitamins, and minerals from the ground up," explained Oner. "We are creating a new interface between food and electricity by domesticating microbes chosen for their food properties and abilityto grow on renewable energy-based feedstocks.
- Daisy Lab — Daisy Lab pioneers precision fermentation technology in New Zealand
- Atlantic Fish Co — Developing sustainable, cultivated seafood using cellular agriculture
BlueYard backs founders building the interconnected elements that can become the fabric of our future.
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- Software, Cryptocurrency, Internet
- Seed, Series A, Funding Round
- United States, Germany, France
Portfolio highlights
- Chemify — The aim of Chemify is to digitize chemistry and produce solutions to run chemical code for drug discovery, chemical synthesis, and materials discovery.
- Meatable — Meatable is a food production company that produces real and guilt-free meat. With one cell, they are revolutionizing the meat industry's impact on climate change and animal welfare. At the same time they increase food security, without compromising the culinary experience of eating tasty, real meat. They aim to satisfy the world'sappetite for meat without harming people, animals, and the planet.It was founded in 2018 and is headquartered in Delft, South Holland, The Netherlands.
- Castelion — We are a modern defense production company building the next generation of military hypersonic, vehicle, and strike systems to deter future wars.
Danish angel investor, based in London.
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- Software, SaaS, Information Technology
- Seed, Pre-Seed, Angel
- Denmark, Sweden, Finland
Portfolio highlights
- Medusa — For developers who must customize e-commerce setups, Medusa is a new digital commerce engine that provides extensibility and customizability with low developer effort. Unlike Shopify, BigCommerce and others, we offer an open, modular architecture that removes the need for hacky workarounds and secures maintainability and speed.
- Heyhack — Automated web application security testing, protection, and reporting for software-as-a-service businesses.
- Fullview — Fullview let's you instantly monitor, control and analyze user sessions for faster real time customer support. No downloads. Easy to integrate.
Reaktor Ventures has moved to the next phase by focusing its efforts to actively supporting current portfolio companies. This means that the fund has ended its investment period and is not investing into new companies. Between 2013 and 2018 we have invested into 42 different companies and one early stage fund. We will naturally keep makingfollow-up investments to current portfolio companies.
Show more...Investment focus
- Software, Internet, Health Care
- Seed, Pre-Seed, Series A
- Finland, Germany, United States
Portfolio highlights
- Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
- Swappie — Buy refurbished iPhones at an affordable price - Swappie offers refurbished and cheap iPhones with a free 12-month Swappie warranty.
- Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.
Preceptor Capital is an investment firm.
Show more...Investment focus
- FinTech, Computer, Software
- Seed, Series A
- Iceland, United States
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.
Shanda Group is a private investment firm that was founded in 1999 by Tianqiao Chen and Chrissy Luo. The company works across venture capital, private equity, public markets, and real estate, prioritizing investments in the financial services, technology, and healthcare sectors. Shanda has offices in Shanghai, Hong Kong, New York, Singapore andMenlo Park. It invests in innovative companies and great management teams that have the vision and determination to change the world.
Show more...Investment focus
- Health Care, Biotechnology, Software
- Seed, Series A, Pre-Seed
- United States, China, Israel
Portfolio highlights
- Digift — Security Token DEX: Bridging traditional finance and DeFi.
- Synchron — The endovascular brain computer interface.
- Jimeng Intelligent — Jimeng Intelligent is an industrial internet platform that offers integrated big data production, management and application services.
Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.
Show more...Investment focus
- Software, E-Commerce, Information Technology
- Series A, Series B, Seed
- United States, Germany, United Kingdom
Portfolio highlights
- Nivoda — Nivoda provides the most profitable and trusted way to buy and sell diamonds with over 1.6 million lab-grown, natural and melee diamonds available to purchase at the best prices with zero inventory risk.
- Plumery — The platform for rapid innovation in modern banking. Enabling banks to implement their mobile and web apps blazingly fast, at lower cost, and to continuously deliver meaningful value to their customers multiple times a day. Get started Learn more Proudly crafted by the builders of globally leading banking platforms. Add Your Heading Text Here Why
- Heard Technologies — Heard combines smart software with real humans to handle accounting, payroll and taxes. We act as a trusted financial advisor for your private practice.
Venture capital and technology investments
Show more...Investment focus
- Software, E-Commerce, Internet
- Series A, Seed, Series B
- United States, United Kingdom, Germany
Portfolio highlights
- Embrace — Stay informed with Embrace's mobile monitoring solutions. Optimize app performance & user experience with our comprehensive platform. Learn more now.
- Octave — Octave is a national behavioral health practice that’s creating a new standard for care delivery that’s both high-quality and accessible to more people. With in-person and virtual clinics in California and New York, the company offers personalized care plans that can include individual therapy, couples therapy, and groups, while pioneeringrelationships with payers to make care more affordable through insurance. Grounded in science, Octave enables clients to experience profound change that is as measurable as it is meaningful.
- Contextual AI — Contextual AI offers a pioneering approach to generative AI for the workplace.
Charles Huang, founder of the iconic gaming franchise, Guitar Hero.
Show more...Investment focus
- Apps, Music, Computer
- Seed, Series B
- Taiwan, Iceland
Portfolio highlights
- Bitmark — Bitmark restores trust in data. Our end-to-end Internet protocol secures the provenance of data. This makes it possible to have verifiable information, digital property rights, and safe sharing of personal data—without the need for trusted third parties. UC Berkeley, Pfizer, and KKBOX use Bitmark in healthcare, music, art, and more. #digitalrights
- Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.
Hermann Kristjánsson
Show more...Investment focus
- Hardware, Software, Photography
- Seed
- Iceland
Portfolio highlights
- Kúla 3D — Making your own 3D images and videos is easy. New devices to watch 3D are popping up, but something is missing: your own personal 3D imagery; your friends and family in three dimensions. Since 2013 Kúla has made solutions for 3D photography with regular camera because they believe everyone should capture their precious moments in 3D. They make 3Dlenses for DSLR cameras and smartphones accompanied by the image processing software Kúlacode.
Andri Sveinsson is a partner at the Novator Partners investment firm.Andri earned a master's degree in economics with a concentration on accounting from the University of Iceland. Andri’s first job in the finance and banking sector was with Skandia. He subsequently moved on to Bunadarbanki, where he was asked to serve as the director ofcorporate finance. Andri and several other colleagues then established Gilding, an investment company, which merged in 2001 with Bunadarbanki. Andri began to work alongside Thor in 2002 and was a founding partner of Novator in 2005.At Novator, Andri’s primary focus has been mergers and acquisitions, sourcing investments, finance, and operations. He has worked in several industries, most specifically in the health, telecommunications, and high-tech industries.Andri currently sits on the board and oversees investments in several companies, including SideKick Health, Catapult, Dreamlines, Xantis, Playfusion, and Nova, which are involved primarily in the fields of generic pharma, high-tech, and healthcare.Andri has many other interests, such as skiing, music, football, motorcycles, and boxing. He co-founded the Icelandic Punk Museum, which opened in 2016, and also produced several films.
Show more...Investment focus
- Health Care, Medical Device, Mobile
- Series A, Funding Round
- Iceland
Portfolio highlights
- Genis — GENIS is a biotechnology company headquartered in Siglufjörður, Iceland. They strive to discover, develop and commercialize novel and life-changing products, supplements and medical devices derived from crustacean exoskeletons. The GENIS team has been developing cutting-edge research on the production of chitin, chitosan, and short chain chitosanfor two decades. Their mission is to leverage this accumulated body of world-class scientific research with the intent of providing life-altering benefits for individuals.
- Sidekick Health — Our mission is to develop and deliver effective personalized digital therapeutics that prevent suffering and add millions of quality life years to people around the world. Our multi-chronic digital care platform allows us to scale the production of clinical treatments across major chronic diseases.
TM is a company that provides all insurance and damage related services through call, online chats & emails.
Show more...Investment focus
- Health Care, Biotechnology, Medical Device
- Funding Round
- Iceland
Portfolio highlights
- Genis — GENIS is a biotechnology company headquartered in Siglufjörður, Iceland. They strive to discover, develop and commercialize novel and life-changing products, supplements and medical devices derived from crustacean exoskeletons. The GENIS team has been developing cutting-edge research on the production of chitin, chitosan, and short chain chitosanfor two decades. Their mission is to leverage this accumulated body of world-class scientific research with the intent of providing life-altering benefits for individuals.
Heini is Vivino’s Founder and Chief Executive Officer. Credited with bringing a technology revolution to the wine industry, Heini founded Vivino because he was frustrated by not knowing which wine to buy. It’s been his passion project ever since. During his tenure, Vivino has grown into a community of 46 million users, raised $72 million infunding, and rolled out a worldwide wine marketplace. Before starting Vivino, Heini co-founded several startups, including global internet and mobile security company BullGuard. Heini leads the team from Vivino’s European headquarters in Copenhagen, Denmark. Heini and Vivino’s story is featured in an independent documentary, “Disrupting Wine, The Life of an Entrepreneur.” Heini also hosts the YouTube series Raw Startup, which offers candid advice for entrepreneurs and startups.
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- Apps, Mobile, Retail
- Seed, Series A
- Denmark, Poland, Iceland
Portfolio highlights
- Tiimo — Tiimo helps you manage your daily life and improve your wellbeing. Visualize your day. Improve your routines. Stress less.
- Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
- Smitten — Dating has never been more fun! With Smitten dating app, it's super easy to start a conversation with the people you match. Play mini-games on profiles to get to know people before you decide you like them! Smitten is free and available on Android and iOS.
Makers Fund is a global interactive entertainment venture capital firm focused on early stage investments. The team supports founders through an extensive network and deep experience in the industry.
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- Gaming, Video Games, Online Games
- Seed, Series A, Series B
- United States, United Kingdom, India
Portfolio highlights
- Hyper — Hyper is an avatar-based social network. We're building the metaverse.
- Blacktop Hoops — Blacktop Hoops is a streetball-inspired multiplayer VR basketball game. Chain together flashy dribble tricks, shots, and high-flying dunks to finish off AI opponents or players across the globe in epic streetball matches.
- Genpop Interactive — Genpop Interactive is a global consortium of top-tier software engineers, game designers, artists, and competitive gamers working together to create an original next-generation team shooter.
Founded in 1990, KB Investment Co., Ltd. (KBIC) is one of Korea’s leading investment firms of venture capital and private equity funds with over USD 1.4 Billion of asset under management as of December 2013. KBIC is a subsidiary of KB Financial Group, Korea’s premier financial group with the largest domestic customer base as well as the widestnetwork of service branches in Korea.KBIC’s team is recognized for industry thought leadership, a broad network of powerful industry relationships, and a unique professional investment approach to investing. KBIC passionately support our portfolio companies with active guidance in all key aspects of team building, strategy, operations and governance
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- Software, Information Technology, Artificial Intelligence
- Series A, Series B, Seed
- South Korea, United States, Singapore
Portfolio highlights
- Hyku — Hyku Biosciences is developing the next generation of covalent medicines by targeting histidine, tyrosine and lysine binding pockets in disease-causing proteins.
- Wonderwall — Wonderwall is an online art learning platform.
- Passionate Powerhouse — Passionate Power as a full-fledged multi-content IP in the future by designing and producing games, cartoons, movies, franchise items, and so on in constant partnership with domestic and overseas partners.
VegInvest provides early-stage capital and guidance to companies striving to replace the use of animals.
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- Food and Beverage, Food Processing, Seafood
- Series A, Seed, Pre-Seed
- United States, India, Israel
Portfolio highlights
- Goodmylk — Served all over India. Free home delivery available. Order now for plant-based dairy needs!
- Nowadays — The Nowadays nugget is made with just 7 simple, plant-based ingredients.
- Loki Foods — We're producing sustainable, plant-based foods from the Arctic. Iceland’s first plant-based cod and seafood!
Aqua-Spark is an investment fund with a focus on sustainable aquaculture businesses around the world. The small-to-medium enterprises (SMEs) they invest in are working toward the production of safe, accessible aquatic life, such as fish, shellfish and plants, in ways that do not harm their oceans. Their investors value the fact that each investmentaims to create triple impact—specifically, each investment is chosen for its potential to generate significant financial returns while also activating positive environmental and social outcomes.Aqua-Spark believes that committing to a long-term vision is the way to realize effective and lasting impact results. When it comes to investments, they do not seek quick exits; instead, they look for entrepreneurs who strive to build and scale toward the future, who see their business as major economic opportunities that can also help solve looming environmental and food security challenges over the long-term. As an essential of each investee, Aqua-Spark seeks sustainability.
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- Biotechnology, Aquaculture, Seafood
- Funding Round, Series A, Series B
- United States, Norway, India
Portfolio highlights
- Tepbac — Less work for farmer, more fish for people.
- eniferBio — Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America.
- Sea6 Energy — Sea6 Energy is a platform that utilizes the unlimited potential of the oceans in a sustainable and ethical way. It visualizes a future where the abundant oceans will be the biomass farms of the future, to provide solutions in energy, agriculture, and food.Sea6 Energy has a team of professionals from diverse fields like industrial automation,plant pathology, ocean engineering, bioprocess engineering, marine biology, and aerospace engineering, with the goal of building a whole new economy based on marine biomass.It develops technologies to convert biomass into biofuel, plant growth stimulants, plant defence products, animal feed ingredients, and other bio-renewable products to replace chemicals and plastics, effectively creating a Bio-refinery out of marine biomass, churning out a whole variety of products leaving nothing to waste.Sea6 Energy was founded on 2010 and is headquartered in Bangalore, India.
We help great minds unleash their full potential!
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- Internet, Health Care, Medical Device
- Funding Round, Seed, Series A
- Sweden, Finland
Portfolio highlights
- Mylla — Mylla is a digital marketplace for buying and selling food from farm to table.
- Lingio — Lingio is driven by the vision of making language learning more fun! By combining gaming principles, social and education they are providing a truly fun experience to their users.
- SNERPA Power — SNERPA Power develops intelligent energy services.
ATON GmbH is active within companies operating in seminal markets (raw materials, services and applied technology). The ATON companies are mainly active in business to business areas. ATON does not invest in start up businesses. As a rule, ATON is the majority shareholder. Connected to this is the adoption of responsibility for the ATON-ledcompanies.
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- Food and Beverage
- Series A
- Iceland
New Enterprise Associates, Inc. is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. With over $19 billion in cumulative committed capital since the firm’s founding in 1977, NEA invests in technology and healthcare companies at all stages in a company’slifecycle, from the seed stage through IPO. The firm's long track record of successful investing includes more than 210 portfolio company IPOs and more than 360 acquisitions.
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- Software, Health Care, Biotechnology
- Series B, Series A, Series C
- United States, India, China
Portfolio highlights
- Meeno — Meeno is a relationship mentoring app powered by generative AI
- Rocket.Chat — Explore Rocket.Chat, where we put data privacy into every conversation and enable teams to collaborate seamlessly.
- Pulumi — Pulumi's open source infrastructure as code SDK enables you to create, deploy, and manage infrastructure on any cloud, using your favorite languages.
Lifely VC is investing and supporting startups globally with game-changing teams in the food and materials space.
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- Biotechnology, Manufacturing, Food and Beverage
- Seed, Pre-Seed, Series A
- United States, Iceland, Indonesia
Portfolio highlights
- MYCL | Mycotech Lab — Mycotech is a mining company which deals on future bio-material with agricultural waste to empower farmers. Starting business since 2012 as mushroom gourmet producers, our team realize that mushroom can save the world. After one year growing mushroom medium, we found mushroom grown bag are become harden and hard to breakdown. Since then weinitiate a research to develop this kind of phenomenon from our kitchen by borrowing mom’s pressure cooker. Luckily we don’t have to break many mom’s kitchen tools after had a full access to mycology lab of Indonesian government owned research agency and world class laboratories in Singapore and Switzerland. Since then, the company is developing this material from scratch from lab scale into pilot scale. Our mission is to deliver sustainable material from renewable resources with affordability.
- Bucha Bio — Bucha Bio creates a novel biomaterial grown from infinitely renewable bacterial-nanocellulose. Strands of natural fibers interlock to form a high-performance textile with a luxuriously soft handfeel. Produced in weeks rather than months or years, use it in premium applications instead of animal leather, polyurethane, latex, vinyl, and so much more.Creating a reliable material is our goal, adding plastics and petrochemicals like PU polyurethane would make it easy, but we’ve never taken the easy way out. Committed to sustainability, Bucha Bio’s team is dedicated to creating a completely biodegradable textile that enables the next generation of designers to create products for a more sustainable future. Our biomaterial is water-resistant, scratch-resistant, sunlight-resistant, flame-resistant, and so many more reasons to test it out in your next product.
- Bond Pet Foods — We make vegan and protein-rich pet food and treats formulated by board-certified veterinary nutritionists.
Day one partner for developer first, crypto infra & SaaS founders.
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- Software, SaaS, Information Technology
- Seed, Series A, Series B
- United States, Canada, Israel
Portfolio highlights
- Olympix — Olympix is a pioneering DevSecOps tool that puts security in the hands of the developer by proactively securing code from day one.
- Protect AI — Protect AI builds cybersecurity solutions for AI systems and ML models, helping ML developers and enterprises embrace MLSecOps.
- Roadie — Easier, scalable and zero-maintenance. With security, scorecards and customizability built-in.
The role of the fund is to support research and development activities, which aim towards innovation in Icelandic industry. The Technology Development Fund is a competitive fund which issues its calls for proposals twice a year.
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- Software, Health Care, Manufacturing
- Grant, Seed
- Iceland, United States, Japan
Portfolio highlights
- LearnCove — LearnCove provides businesses with a modular and easy-to-use training platform for high-quality training across markets and cultures.
- 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.
- Princeton NuEnergy — Princeton NuEnergy is a clean-tech startup focused on the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. Its patented Direct Battery Recycling technology to produce high-quality and high value-added cathode active materials with low operating cost from spent lithium-ion batteries and delivers sustainableenergy and environmental solutions.
We bring you the Positive, Powerful and Personal stories from both emerging creatives and established giants in art, fashion, music and entertainment.
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- Apps, Music
- Seed
- Iceland
Portfolio highlights
- Overtune — With Overtune you can easily make your own music. Record with voice effects and make videos.
The Road Not Taken
Show more...Investment focus
- Information Technology, Blockchain, Software
- Funding Round, Seed, Series B
- South Korea, United States, India
Portfolio highlights
- Indent — Indent is a provider of a video review service platform that helps sellers increase their sales by producing purchase reviews from actual buyers.
- KTX Finance — KTX Finance is an online trading platform. It provides permissionless, decentralized on-chain trade of perpetuals.
- Puzzle Monsters — Puzzle Monsters is a game production company.
General Electric Company offers infrastructure and financial services worldwide. It operates in various segments, including power and water, oil and gas, energy management, aviation, healthcare, transportation, appliances and lighting, GE capital, and more.Its power and water segment offers gas, steam and aeroderivative turbines, nuclearreactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its oil and gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment. The company’s energy management segments offers plant automation hardware, software, and embedded computing systems. Its aviation segment offers jet engines; aerospace systems and equipment; and replacement parts and repair and maintenance services. The healthcare segment provides medical imaging, software and information technology (IT), patient monitoring and diagnostics, drug discovery, biopharmaceutical manufacturing technologies, and performance improvement solutions. Its transportation segment offers freight and passenger locomotives, and diesel engines for rail, marine, and stationary power applications; railway signaling and communications systems; underground mining equipment; motorized drive systems; IT solutions; and replacement parts and value added services. The appliances and lighting segment manufactures home appliances; and lighting products for commercial and industrial applications. Its capital segment offers commercial loans and leases, fleet management, financial programs, credit cards, personal loans, and other financial services.General Electric Company was founded in 1892 and is headquartered in Fairfield, Connecticut.
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- Morphisec — Breach prevention made easy. Morphisec's endpoint security solution prevents attacks that bypass NGAV, EDR and EPP through Moving Target Defense technology.
- Travelshift — Transform the travel industry with Travelshift software. Work with the complete industry marketplace platform, top partners and regional expertise. Learn More.
- Crowntech Photonics — Crowntech Photonics is an ISO 9001 and ISO 14001 certified world leading designer and manufacturer of passive fiber-optics components, integrated modules, and subsystems serving the telecommunications and datacom industries. Driven by the increasing broadband demands, Crowntech Photonics is committed to deliver the solutions enabling the bandwidthgrowth through our innovative fiber-optics product lines.Crowntech Photonics was incorporated in 2008 with headquarters, sales division and R&D center in Shanghai while operations center, and the large manufacturing facilities are located in Yingkou City, Liaoning Province, China. Over 120,000 square feet (12,000 square meters) of facilities were commenced in operations with 40,000 square feet of manufacturing cleanroom space positioning Crowntech to serve the ever increasing demand of fiber-optics products to our valuable partners with high quality, competitive pricing, and superior customer service.
Birkir Bjarnason is an Icelandic professional footballer.
Show more...Investment focus
- Sports
- Seed
- Iceland
Portfolio highlights
- 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.
Thor Fridriksson is an Internet entrepreneur who founded Plain Vanilla Games in 2010, a mobile game development studio that created the first multi-platform and real-time social trivia engine. Plain Vanilla Games have released high-profile titles that include Twilight QuizUp and Nat Geo QuizUp before launching their hit social trivia game, QuizUp,the biggest trivia game in the world. Born in Reykjavik, Iceland, Thor holds a BS degree from the Reykjavik University and an MBA from the University of Oxford.
Show more...Investment focus
- Sports
- Seed, Angel
- Iceland
Portfolio highlights
- Inspirally —
- 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.
Soo Boon has over 30 years of global experience in finance and venture capital investing and brings this valuable expertise to each and every investment. She founded iGlobe Partners in 1999, in which the funds sponsor is the Economic Development Board (EDB) of Singapore, the pre-eminent statutory board responsible for enhancing Singapore'sglobal economic and business position. iGlobe Partners also started iGlobe Treasury Fund (NZ$31 million fund) in 2003 as a joint venture with the New Zealand Government.From 1988 to 1999, Soo Boon held executive management positions with Vertex Management Inc., (Vertex), the venture capital arm of Singapore Technologies, managing three funds during her tenure. She established the US operation of Vertex and headed the Silicon Valley office for 9 years, where she was instrumental in the early days of technology transfer for over 100 engineers in Silicon Valley for Chartered Semiconductor and Chartered Microwave. Soo Boon then started Vertex's European operations (headquartered in London, United Kingdom) and ran its European investment operation. As a result of her expertise, she guided numerous successful investments to IPOs, such as Lattice Semiconductor, Creative Technologies, and Activcard SA.Before Vertex, Soo Boon also held various senior management positions in the Treasury and Credit departments in her 12 years of work in the Development Bank of Singapore. Her time there also equipped her with in-depth knowledge of the finance aspect of the venture capital industry. She also headed the International Departments, Credit Division with responsibility for its eight overseas offices and Syndication Department for the Asia-Pacific region.Soo Boon earned her degree in 1973 from King's College, University of London with a Bachelor of Science Degree in Mathematics (First Class Honors). She attended the INSEAD Advanced Management program in 1998.Currently, she serves on the boards of directors of several private companies, including Fortemedia (Nanjing), Telenav Inc., and u-blox AG (SWX:UBXN). Since 2003, she serves on the Investment Committee of iGlobe Treasury Fund, a supported by the New Zealand Government. She is also one of the founding members of the Monte Jade (Singapore Chapter) and an EXCO member of the Singapore Chinese Chamber of Commerce.
Show more...Investment focus
- Virtual Reality, Apps, Cloud Computing
- Series A, Seed, Funding Round
- Singapore, United States, China
Portfolio highlights
- Movi — Movi is building a new canvas for creation and ownership of web 3.0 visual content.
- Luxola — Luxola was launched in Singapore in 2011 and has quickly grown into the destination for beauty in Southeast Asia; carrying over 4000 products and serving customers across the region including Australia, India and the UAE. Easily accessible. Luxola is committed to providing you with outstanding customer service and bringing you the best brandsfrom around the world, under one platform. All of our products are 100% authentic. We carry over 250 brands, of which over 65 brands across multiple markets are exclusive to Luxola.Education empowers our customers. With each product, Luxola provides ‘how-to’ advice and a review platform, giving you the power to hear from others with similar skin tones and types.Staying relevant is at the core of everything we do. In addition to providing a platform to purchase all your beauty favourites when you want, every week we pen LX Edit, our digital lifestyle magazine, offering inspiration and the latest insight into makeup, skincare, hair and celebrity fashion.
- QuizUp — Plain Vanilla is an Icelandic Game Studio based in Reykjavik Iceland and in San Francisco. It develops a real-time multiplayer quiz platform for mobile devices.
Sigurgeir Gudlaugsson is the Chief Executive Officer of Genis.
Show more...Investment focus
- Health Care, Biotechnology, Medical Device
- Funding Round
- Iceland
Portfolio highlights
- Genis — GENIS is a biotechnology company headquartered in Siglufjörður, Iceland. They strive to discover, develop and commercialize novel and life-changing products, supplements and medical devices derived from crustacean exoskeletons. The GENIS team has been developing cutting-edge research on the production of chitin, chitosan, and short chain chitosanfor two decades. Their mission is to leverage this accumulated body of world-class scientific research with the intent of providing life-altering benefits for individuals.
Tennin is an early-stage angel investment firm.
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- Smitten — Dating has never been more fun! With Smitten dating app, it's super easy to start a conversation with the people you match. Play mini-games on profiles to get to know people before you decide you like them! Smitten is free and available on Android and iOS.
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