Iceland
European tech funding profile
Total funding
€1.7B
disclosed, € normalized
Funding rounds
185
Companies
131
Named investors
202
Exits
22
Funding over time
2010–2026 · 2026 YTD — € raised vs roundsTop performing sectors
by € raised| Healthtech | €468M | |
| Cleantech | €350M | |
| Energy | €225M | |
| Transportation | €184M | |
| Foodtech | €157M | |
| Gaming | €154M |
Top sectors
by deal countStage mix
by € raisedTop deals
largest disclosed rounds| Company | Stage | Date | Amount |
|---|---|---|---|
| Arctic Green Energy | Other | Jul 2021 | €204M |
| LAXEY | Other | May 2025 | €130M |
| Carbfix | Grant | Jul 2022 | €114M |
| Alvotech | Debt | Jan 2026 | €100M |
| Kerecis | Series D+ | Jul 2022 | €99M |
| Controlant | Other | Nov 2023 | €73M |
| Sidekick Health | Series B | May 2022 | €52M |
| Alvotech | Other | Dec 2018 | €44M |
| Controlant | Other | Dec 2020 | €41M |
| First Water | Other | Apr 2025 | €39M |
Top investors
named, by deal count| Frumtak Ventures | 25 |
| Brunnur Ventures | 15 |
| Crowberry Capital | 9 |
| NSA Ventures | 6 |
| Boldstart Ventures | 5 |
| Existing Shareholders | 4 |
| byFounders | 4 |
| Eyrir Vöxtur | 4 |
| Velocity Capital | 3 |
| Eyrir Invest | 3 |
Top cities
by € raised| Reykjavík | €1.3B | 143 | |
| Ísafjörður | €131M | 3 | |
| Kópavogur | €126M | 13 | |
| Akureyri | €39M | 2 | |
| Rejkiavik | €5.6M | 2 | |
| Reykiavyk | €3.0M | 3 | |
| Palo Alto | €2.6M | 1 | |
| Walnut | €2.5M | 1 |