European tech funding profile
132 startups in Iceland have raised a combined €1.7B across 186 funding rounds and recorded 22 exits. Software is the most active sector, and Frumtak Ventures is the most active investor. Data as of 7 Aug 2026.
#25 in Europe by capital raised — 0.2% of all European startup funding.
| Healthtech | €468M | |
| Cleantech | €350M | |
| Energy | €225M | |
| Transportation | €184M | |
| Foodtech | €157M | |
| Gaming | €154M |
| 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 |
| Kerecis | Series D+ | Jul 2022 | €99M |
| Controlant | Other | Nov 2023 | €73M |
| Sidekick Health | Series B | May 2022 | €52M |
| Alvotech | Other | Jan 2019 | €44M |
| Controlant | Other | Dec 2020 | €41M |
| First Water | Other | Apr 2025 | €39M |
| Reykjavík | €1.3B | 144 | |
| 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 |
