# Top 50 VC (Venture Capital) Funds in Iceland in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| New Business Venture Fund | 26 | Iceland, United States, China | Seed, Series A | Software, Health Care, Medical |
| Brunnur Ventures | 17 | Iceland, United States, Denmark | Seed, Series A, Angel | Software, SaaS, Biotechnology |
| Frumtak Ventures | 16 | Iceland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Enterprise Software |
| Crowberry Capital | 12 | Iceland, Denmark, United States | Seed, Pre-Seed, Series A | Software, Gaming, Information Technology |
| Sisu Game Ventures | 5 | Finland, United States, Iceland | Seed, Series A | Gaming, Video Games, Virtual Reality |
| Iceland Venture Studio | 4 | Iceland, India, Israel | Seed, Pre-Seed | Health Care, Software, B2B |
| byFounders | 3 | Denmark, United States, Germany | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Mobile Apps |
| MGMT Ventures | 3 | Iceland | Pre-Seed | Gaming, Sports, Seafood |
| Novator | 3 | United Kingdom, Iceland, Germany | Series A, Series B | Information Technology, Software, E-Commerce |
| Reaktor Ventures | 2 | Finland, Germany, United States | Seed, Pre-Seed, Series A | Software, Internet, Health Care |
| Inventure | 2 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| Preceptor Capital | 2 | Iceland, United States | Seed, Series A | FinTech, Computer, Software |
| BlueYard Capital | 2 | United States, Germany, France | Seed, Series A | Software, Cryptocurrency, Internet |
| Slack Fund | 2 | United States, Canada, United Kingdom | Seed, Series A, Series B | Software, SaaS, Internet |
| Possible Ventures | 2 | Germany, Australia, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Biotechnology |
| PROfounders Capital | 2 | United Kingdom, United States, Finland | Seed, Series A, Series B | Software, Apps, Travel |
| Index Ventures | 2 | United States, United Kingdom, France | Series A, Series B, Seed | Software, E-Commerce, Internet |
| Shanda Group | 2 | United States, China, Israel | Seed, Series A, Pre-Seed | Health Care, Biotechnology, Software |
| Sustainable Food Ventures | 2 | United States, India, Germany | Pre-Seed, Seed, Angel | Food and Beverage, Biotechnology, Food Processing |
| Investa | 2 | Iceland, United States | Seed, Angel | Software, SaaS, Crowdsourcing |
| TM | 1 | Iceland |  | Health Care, Biotechnology, Medical Device |
| Bragiel Brothers | 1 | United States, Finland, Japan | Seed, Series A, Pre-Seed | Software, FinTech, Information Technology |
| General Electric | 1 |  |  |  |
| Behold Ventures | 1 | Sweden, Iceland, United Kingdom | Seed, Pre-Seed | Gaming, eSports, PC Games |
| New Enterprise Associates | 1 | United States, India, China | Series B, Series A, Series C | Software, Health Care, Biotechnology |
| boldstart ventures | 1 | United States, Canada, Israel | Seed, Series A, Series B | Software, SaaS, Information Technology |
| Polaris | 1 | Iceland, Singapore | Debt Financing | FinTech, Finance, Payments |
| Capital A Partners | 1 | United States, India, Sweden | Seed, Series A | 3D Printing, Software, 3D Technology |
| Wellington Partners | 1 | Germany, United States, United Kingdom | Series A, Series B | Health Care, Biotechnology, Medical |
| Wonder Investment | 1 | Iceland | Series A |  |
| Mesa Ventures | 1 | United States, Germany, Iceland | Seed, Series A | Mobile, E-Commerce, Software |
| Makers Fund | 1 | United States, United Kingdom, India | Seed, Series A, Series B | Gaming, Video Games, Online Games |
| Kale United | 1 | United Kingdom, Sweden, India | Seed, Pre-Seed | Food and Beverage, Food Processing, Biotechnology |
| HackCapital | 1 | United States, Israel, United Kingdom | Seed, Pre-Seed, Series A | Food and Beverage, Biotechnology, Food Processing |
| Eyrir Venture Management | 1 | Iceland, United States | Pre-Seed, Series A | Software, B2B, SaaS |
| Seed Capital | 1 | Denmark, United States, United Kingdom | Seed, Series A | Software, Health Care, SaaS |
| Silicon Valley Bank | 1 | United States, United Kingdom, Canada | Debt Financing, Series B, Series A | Software, Health Care, Biotechnology |
| APX | 1 | Germany, United Kingdom, United States | Pre-Seed, Seed | Software, SaaS, Information Technology |
| CRIT Ventures | 1 | South Korea, United States, India | Seed, Series B | Information Technology, Blockchain, Software |
| 1/0 Capital | 1 | United States, Singapore, Iceland | Seed, Series A, Series B | Financial Services, FinTech, Software |
| Yanu Holdings | 1 | Iceland |  | Health Care, Biotechnology, Medical Device |
| Tennin | 1 | Iceland | Series A |  |
| Aton | 1 | Iceland | Series A | Food and Beverage |
| Teya | 1 | Turkey, Iceland |  | Information Technology, Apps, Sales |
| Eyrir Vöxtur | 1 | Iceland | Seed | Legal, Legal Tech, Document Management |
| KB Investment | 1 | South Korea, United States, Singapore | Series A, Series B, Seed | Software, Information Technology, Artificial Intelligence |
| Kvika Asset Management | 1 | Iceland | Series A | Medical, Health Care, Biotechnology |
| Headline | 1 | United States, Germany, United Kingdom | Series A, Series B, Seed | Software, E-Commerce, Information Technology |
| Ridge Ventures | 1 | United States, Canada, Finland | Series A, Seed, Series B | Software, Internet, Information Technology |
| Greycroft | 1 | United States, United Kingdom, Germany | Series A, Seed, Series B | Software, E-Commerce, Internet |

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