European tech funding raised by Iceland startups during 2016.
In 2016, 15 startups in Iceland raised a combined €34M across 16 funding rounds. Healthtech was the most active sector, and Frumtak Ventures was the most active investor. Data as of 21 Aug 2026.
| Company | Stage | Date | Amount |
|---|---|---|---|
| Meniga | Series B | Aug 2016 | €7.3M |
| Plain Vanilla Games | Debt | Jan 2016 | €6.9M |
| GreenQloud | Early VC | Aug 2016 | €3.6M |
| TripCreator | Seed | Dec 2016 |
| €3.6M |
| Kaptio | Early VC | Mar 2016 | €2.4M |
| Controlant | Early VC | Jan 2016 | €2.3M |
| KeyNatura | Seed | Mar 2016 | €2.2M |
| Tulipop | Series A | Jun 2016 | €1.8M |
| Data Dwell | Early VC | Jul 2016 | €1.1M |
| DTE - Dynamic Technology Equipment | Seed | May 2016 | €1.0M |
| Solid Clouds | Early VC | May 2016 | €737k |
| 3Z Pharmaceuticals | Seed | Jul 2016 | €400k |
| 3Z Pharmaceuticals | Early VC | May 2016 | €351k |
| Wasabi Iceland | Seed | Feb 2016 | €348k |
