Top 15 Mobile VC (Venture Capital) Funds in Iceland in October 2023
Top 15 Mobile VC (Venture Capital) Funds in Iceland in October 2023
| Investor | Mobile Iceland investments |
|---|---|
| Frumtak Ventures | 6 |
| Novator | 3 |
| Index Ventures | 2 |
| Tencent | 1 |
| Headline | 1 |
| Atomico | 1 |
| Mesa Ventures | 1 |
| Ridge Ventures | 1 |
| Wellington Partners | 1 |
| Tuesday Capital | 1 |
| New Business Venture Fund | 1 |
| Greycroft | 1 |
| Asabys Partners | 1 |
| Sequoia Capital | 1 |
| CAA Ventures | 1 |
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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.
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.
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- 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.
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.
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- 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.
Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.
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- Software, Financial Services, E-Commerce
- Series B, Series A, Series C
- China, United States, United Kingdom
Portfolio highlights
- CMR Surgical — Welcome to CMR Surgical. Transforming surgery. For good. Our aim is to make the benefits of minimal access surgery available to everyone who needs it.
- Enflame — Suiyuan Technology is a provider of neural network solutions for artificial intelligence. Its products are deep learning high-end chips developed for cloud data centers, and are positioned on artificial intelligence training platforms. The chip will adopt a unique and innovative architecture independently developed, featuring high computing power,high energy efficiency ratio, programmable, low cost, and support for mainstream machine learning frameworks. It is designed and optimized for cloud AI training.
- Broken String Biosciences — Our platform accelerates the characterisation of novel gene editing technologies to unlock the next wave of cell & gene therapies.
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.
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- Software, E-Commerce, Information Technology
- Series A, Series B, Seed
- United States, Germany, United Kingdom
Portfolio highlights
- Mission Brasil — Mission Brasil is an information technology solution that provides a digital outsourcing platform for business development. Their services include legal and administrative, retail and monitoring, research and audit, hidden shopper, data and accreditation, logistics, and direct sales.
- NUMA Group — Life's hard. Travelling shouldn't be. Book a fully furnished room or apartment in some of Europe's coolest neighbourhoods and see how simple travel can be.
- Trellis Research — Trellis Research is a research tool for litigators.
Atomico invests in innovative technology companies around the world.
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- Software, Information Technology, Artificial Intelligence
- Series A, Series B, Series C
- United States, United Kingdom, Germany
Portfolio highlights
- Corti — Corti offers a digital assistant, augmenting medics in improving patient outcomes and internal performance.
- Strise — Strise is signaling a new era of enterprise software and organizational change, transforming how companies work and empowering individual growth through knowledge. We believe in the AI-enabled financial institution without data silos where users and data are working together to solve even the most complex business problems.
- Opna — Opna is a financing platform for climate projects that remove carbon and protect natural ecosystems. Opna offers data, proprietary risk assessments, and efficient capital structures, helping companies to translate net-zero committed capital from financial institutions, and corporates into direct financing across a project's lifecycle.
MESA Ventures is a Seed and Series A venture fund focused on e-commerce, advertising, media, enterprise software, and mobile technologies. The Fund co-invests between $50,000 and $250,000 alongside established early stage venture firms. We actively support talented entrepreneurs building big businesses. To do that, we invest social capitalthat we believe valuable as financial capital. This comes from tapping into the team’s global network of media, entertainment and technology relationships to provide investor introductions, executive team hiring, business development, client & advertiser introductions, and marketing support. The Fund's goal is to help its portfolio companies whenever and wherever it can.
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- Mobile, E-Commerce, Software
- Seed, Series A, Funding Round
- United States, Germany, Iceland
Portfolio highlights
- Panjo — Panjo is a mobile marketplace for the world’s most ardent auto, sport, and hobby enthusiasts. Existing marketplaces poorly underserve and ignore this audience. Each year, 350M worldwide enthusiasts spend $15B buying products, parts, and accessories from their peers through a patchwork of inefficient methods.
- Zipdrug — Zipdrug provides patients access to low-cost pharmacies who deliver prescriptions right to their homes. Its platform allocates medicare advantage patients to pharmacies that will drive adherence for the lowest cost. It was founded in 2015 and is based in New York City.
- MessageYes (formerly ReplyYes) — MessageYes' mission is to help people effortlessly discover and purchase items they love using their mobile phones. MessageYes is the first platform to offer frictionless e-commerce over mobile messaging for brands looking to engage and transact directly with their customers. Leveraging artificial intelligence (AI), human-assisted AI, andintegrated payments, the MessageYes platform learns from customer feedback to make the experience serendipitous to each person and brand. Message recipients simply reply "Yes" to instantly buy from their mobile phones.
Ridge Ventures (formerly IDG Ventures) is an early stage venture capital fund investing in experienced founders redefining how the world uses software.
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- Software, Internet, Information Technology
- Series A, Seed, Series B
- United States, Canada, Finland
Portfolio highlights
- Cerby — Collaborate without chaos. Cerby helps your team be productive while protecting your brand. Secure unmanageable applications. Only with Cerby.
- Aeqium — A better way to understand, decide, and automate how businesses pay for their most important assets: people.
- WireMock — WireMock develops an API Developer productivity platform. With the increasing growth of Microservices and API first architecture, dev teams' increased dependency on 3rd party APIs as well as internal APIs presents challenges that impact their dev productivity. WireMock helps developers to mock/virtualize APIs, break that dependency andimprove productivity.WireMock delivers the popular WireMock open-source tool as well as a cloud edition - WireMock Cloud.
Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich.
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- Health Care, Biotechnology, Medical
- Series A, Series B, Funding Round
- Germany, United States, United Kingdom
Portfolio highlights
- Nosto — Use Powerful Personalization Made Easy on e-Commerce Platforms. Nosto generates a 10-30% Average Increase in Revenue.
- Minervax — MinervaX is pursuing the development of a vaccine against Group B streptococcus (GBS) infections by utilizing a particular fusion protein : click to read more
- Seamless Therapeutics — Seamless Therapeutics is changing the paradigm of gene editing through a pioneering approach to restore health in patients with severe conditions in a safe and precise manner. Seamless technology platform unlocks the reprogramming of recombinases, a highly versatile class of enzymes.
Tuesday Capital (formerly CrunchFund) has been helping early-stage founders build the companies of tomorrow since 2011.
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- Software, Mobile, Internet
- Seed, Series A, Series B
- United States, Mexico, Israel
Portfolio highlights
- Vendict — Streamline your security questionnaires. Respond to security questionnaires faster, with elaborated answers and supporting evidence. At Vendict, we use state-of-the-art AI technology to fully automate the response process.
- Quench.ai — Quench is a tech infrastructure for video creators to deliver exclusive content, engage and reward their true fans.
- ConfiAbogado — ConfiAbogado is an online legal firm that provides legal solutions to low-income people.
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.
Show more...Investment focus
- 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.
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
- JOKR — Grocery shopping is easier now with JOKR, your instant delivery app. Order your groceries and favorite products in our online supermarket and get them instantly at your door. Download the app now and make your first grocery order on us. Available in IOs and Android. Access www.jokr.com for more info
- Vera — Vera develops an assessment platform to identify and address risks in artificial intelligence and machine learning models. It engages key stakeholders across teams to create data-driven assessments and use data science tools to investigate AI and ML models, helping organizations navigate through uncertainty and protecting companies and individualsfrom risky artificial intelligence systems.
- Nextdata — Nextdata offers an operating system for decentralized data at scale on an AI platform.
Asabys Partners is a venture capital firm that invests across the board in human healthcare. The company is active in the health-tech and biopharma industries and aims to invest in Spain and abroad in innovative and transformative technologies. Asabys Partners are motivated by the idea of pushing the boundaries of science and medicine. This is donethrough the sourcing and financing of the most disruptive technologies, and through the collaboration with the best internal and external talents of our industry.
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- Biotechnology, Health Care, Medical Device
- Series A, Seed, Series B
- Spain, Belgium, Germany
Portfolio highlights
- DeepUll — DeepUll is a biotech company that focuses its activity on the development of a new diagnostic system for early-stage sepsis condition. DeepUll’s proposal is based on quickly identifying the pathogens and offering the antibiogram within a few hours on the one hand, and on using the data and learning about the patient’s immunological and functionalstatus on the other. The system allows doctors to predict the future appearance and evolution of sepsis within a short period of time and thus provide a suitable clinical response even before the symptoms arise.
- Orikine Bio — Orikine Bio is a pioneer biotech company in the field of tailored cytokines with unmatched biological properties for the treatment of immune-mediated disorders.
- Nuage Therapeutics — Nuage Therapeutics is a pharmaceutical company which utilizes chemical biology and biomolecular condensation to develop selective drugs that target proteins with disordered regions for challenging indications to improve patient’s life. The focus of the medication is to enhance selective inhibitors of intrinsically disordered proteins involved inchallenging indications in order to meet unmet medical needs.
We help the daring build legendary companies.
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- Software, Information Technology, Internet
- Series B, Series A, Series C
- United States, China, India
Portfolio highlights
- Meeno — Meeno is a relationship mentoring app powered by generative AI
- PartyKit — PartyKit is an open source deployment platform for AI agents.
- Iambic Therapeutics — Iambic has created a cutting-edge AI-driven platform to tackle the most challenging design problems in drug discovery and address unmet patient need.
CAA Ventures is the venture arm of Creative Artists Agency.
Show more...Investment focus
- Internet, Mobile, E-Commerce
- Series A, Seed, Series B
- United States, Canada, Iceland
Portfolio highlights
- Bungalow — Bungalow is a residential real estate platform that provides renters with a more convenient, flexible, and communal living solution. It utilizes existing housing supply by signing long-term leases with homeowners, and offers multi-bedroom homes in some of the most desirable neighborhoods in cities throughout the United States.Bungalow offersprivate bedrooms with handpicked housemates in beautifully furnished homes across seven major cities. Each home comes furnished and includes wifi, utilities, housekeeping, and monthly community events for members.Andrew Collins and Justin McCarty founded Bungalow in 2016. Its headquarters is in San Francisco in California.
- Harper Wilde — Harper Wilde owns and operates an online portal for shopping lingerie.The company is committed not only to lifting up ladies, but also to lifting up the future generation of leading ladies. Harper Wilde's purposeful designs and curated options not only make things easier for customers, but also allow us to save money in production costs andpass those savings onto their customers. In this way, they empower women by providing them with more fairly-priced products, at nearly half of what competitors charge.
- DeSo Foundation — DeSo is a layer -1 blockchain designed to build and scale decentralized social apps to 1 Billion users. Take back ownership of your content and social graph with web3 versions of Twitter and LinkedIn.
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