Top 5 Sports VC Funds & Investors in Iceland (May 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
New Business Venture Fund
VC Fund
|
1 | Iceland, United States, China | Seed, Series A | Software, Health Care, Medical | $400k–$3.4M |
|
Iceland Venture Studio
VC Fund
|
1 | Iceland, India, Israel | Seed, Pre-Seed | Health Care, Software, B2B | $500k–$3M |
|
MGMT Ventures
VC Fund
|
1 | Iceland | Pre-Seed | Gaming, Sports, Seafood | |
|
Frumtak Ventures
VC Fund
|
1 | Iceland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Enterprise Software | $380k–$6.5M |
|
Sisu Game Ventures
VC Fund
|
1 | Finland, United States, Iceland | Seed, Series A | Gaming, Video Games, Virtual Reality | $193k–$38M |
| Access all 7 VC funds in Iceland Sports startups. | |||||
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Investor list
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
- 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.
We help people grow and build decentralized companies
Show more...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.
MGMT Ventures mission is to support and invest in founders pushing the boundaries of innovation in emerging and future industries.
Show more...Investment focus
- Industry: Gaming, Sports, Seafood
- Stage:Pre-Seed
- Geography: Iceland
Investor stats
- Total investments: 3
- Lead/follow: no public data
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.
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.
Show more...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.
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.
Show more...Investment focus
- Industry: Gaming, Video Games, Virtual Reality
- Stage:Seed, Series A
- Geography: Finland, United States, Iceland
Investor stats
- Total investments: 45
- Round size: Seed $193k–$4.6M; Series A $6M–$38M
- Lead/follow: 22% lead, 78% follow
- Last fund: Likely still investing — raised $50M in 2021
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.
Sports VC funding in Iceland at a glance
Stats across 4 deals from 7 investors.
Access all 7 VC funds in Iceland Sports startups.
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