--- title: "8 Venture Capital Firms Powering Reykjavík's Startup Scene in 2026" lang: en canonical_url: https://www.papermark.com/blog/venture-capital-firms-reykjavik last_updated: 2026-02-28 published: 2025-10-04 category: [investors] author: "Marc Seitz" summary: "Iceland's capital is emerging as a Nordic innovation hub. Here are the top VC firms and investors in Reykjavík helping founders scale globally." --- # 8 Venture Capital Firms Powering Reykjavík's Startup Scene in 2026 Reykjavík may be a small city, but its startup ecosystem packs a punch. With strengths in **software, fintech, deep-tech, and health innovation**, founders in 2026 are finding support from a compact yet influential network of **VC firms in Reykjavík**, **vc in Reykjavík**, and **investors in Reykjavík**. From evergreen government-backed funds like **NSA Ventures** and **Kría** to private investors such as **Crowberry Capital** and **Frumtak Ventures**, the Icelandic venture scene is evolving rapidly. Add accelerators like **Startup Reykjavík**, and founders have more options than ever to secure capital and mentorship. --- ## Quick list of top venture capital firms in Reykjavík in 2026 - **Crowberry Capital** – Seed/early-stage Nordic VC headquartered in Reykjavík, backing software and deep-tech founders. - **Brunnur Ventures** – Early-stage Icelandic investor supporting scalable B2B software, fintech, and health startups. - **Frumtak Ventures** – Seed–Series A firm focused on export-driven Icelandic tech companies. - **NSA Ventures (New Business Venture Fund)** – Iceland’s evergreen public VC investing at the earliest stages. - **Eyrir Venture Management** – Venture & growth platform backing globally scalable industrial-tech and software. - **Iceland Venture Studio** – Venture studio + seed investor co-building data/AI-enabled products. - **Kría – Icelandic Seed Fund** – Government-backed seed vehicle investing via local VC funds and co-investments. - **Startup Reykjavík** – Flagship accelerator with a seed investment component and follow-on opportunities. --- ## How to find the right VC firms in Reykjavík When navigating the compact Icelandic venture ecosystem, choosing the right **VC firms in Reykjavík** comes down to aligning with sector and stage: - **Stage fit**: Crowberry and Frumtak focus on seed–Series A; NSA and Kría provide the earliest backing. - **Sector focus**: Brunnur emphasizes B2B and health; Eyrir supports industrial and global software. - **Hybrid models**: Iceland Venture Studio blends company-building with seed capital. - **Government support**: Kría and NSA provide public capital that often de-risks private co-investments. - **Accelerator edge**: Startup Reykjavík gives early founders mentorship and access to follow-on funding. Find additional opportunities in the [Papermark Investor Database](https://www.papermark.com/investors), sorting by sector focus, funding round, or region. --- ## How to send your pitch deck to VC firms in Reykjavík When pitching **vc in Reykjavík**, how you share your deck is as critical as its content: - **Skip attachments**: Don’t send bulky PDFs. - **Use smart links**: Share a dynamic, trackable deck with [Papermark](https://www.papermark.com/login). - **Make it relevant**: Show how your company can scale from Iceland to global markets. - **Show traction**: Revenue, exports, and user growth are key for Icelandic investors. - **Be concise**: Reykjavík’s VC scene values clarity and substance. - **Highlight resilience**: Investors like to see global ambition despite Iceland’s small market. - **Track engagement**: Know which slides investors spent the most time on. ### Why use a pitch-deck link? 1. Get notified when an accelerator team opens your deck 2. Track how long they were on [each page](https://www.papermark.com/help/article/built-in-page-by-page-analytics) of your deck 3. Capture emails of those who viewed your deck 4. Protect your IP using watermark, screenshot protection and other [link permissions](https://www.papermark.com/help/article/link-settings) 5. Securely send [data room](https://www.papermark.com/data-room.md) with multiple documents --- ## Table | Accelerator | Location | Investment Size | Program Length | Focus Areas | Success Rate | | --- | --- | --- | --- | --- | --- | | Crowberry Capital | Reykjavík, Iceland | €200k–€2M (initial) | Ongoing | Seed/early-stage; software, devtools, consumer, deep tech | — | | Brunnur Ventures | Reykjavík, Iceland | €1M–€3M (typical) | Ongoing | Early-stage Icelandic tech; B2B software, fintech, health | — | | Frumtak Ventures | Reykjavík, Iceland | €1M–€3M (initial) | Ongoing | Seed–Series A; SaaS, healthtech, fintech, industrial tech | — | | NSA Ventures (New Business Venture Fund) | Reykjavík, Iceland | ≈ ISK 50M (~€330k–€370k) first checks | Ongoing | Early-stage Icelandic startups (evergreen public VC) | — | | Eyrir Venture Management | Reykjavík, Iceland | — (growth & venture; not publicly disclosed) | Ongoing | Growth/venture; industrial tech, software, global scale-ups | — | | Iceland Venture Studio | Reykjavík, Iceland | USD $25k–$50k (pre-seed); $100k–$200k (seed) | Ongoing | Venture studio + seed; data/AI-enabled products | — | | Kría – Icelandic Seed Fund | Reykjavík, Iceland | Fund-of-funds & co-investments (varies) | Ongoing | LP in Icelandic VC funds; selective co-investment | — | | Startup Reykjavík (accelerator + seed) | Reykjavík, Iceland | USD $18.5k (seed)¹ | ~10–12 weeks (accelerator); ongoing follow-ons | Generalist early-stage Icelandic startups | — | --- ## 1. Crowberry Capital Early-stage Nordic VC headquartered in Reykjavík, backing seed-stage teams across software and deep tech. - **Focus**: Seed/early-stage; software, devtools, consumer, deep tech - **Location**: Reykjavík, Iceland - **Program length**: Ongoing - **Investment**: Not publicly disclosed - **Equity free**: No - **Website**: [Crowberry Capital](https://www.crowberrycapital.com) ![crowberrycapital.com website](https://img.papermarkassets.com/upload/file_MhFikfWPyy9VvFiaCyDCAD-crowberrycapital-website.png) ## 2. Brunnur Ventures Iceland-focused early-stage VC investing in scalable technology companies. - **Focus**: Early-stage; B2B software, fintech, health, industrial tech - **Location**: Reykjavík, Iceland - **Program length**: Ongoing - **Investment**: Not publicly disclosed - **Equity free**: No - **Website**: [Brunnur Ventures](https://www.brunnurventures.com) ## 3. Frumtak Ventures Leading Icelandic seed/Series A investor backing export-driven tech companies. - **Focus**: Seed–Series A; SaaS, healthtech, fintech, industrial tech - **Location**: Reykjavík, Iceland - **Program length**: Ongoing - **Investment**: Not publicly disclosed - **Equity free**: No - **Website**: [Frumtak Ventures](https://frumtak.is/) ## 4. NSA Ventures (New Business Venture Fund) Iceland’s evergreen public VC fund investing at the early stage. - **Focus**: Early-stage Icelandic startups (public VC) - **Location**: Reykjavík, Iceland - **Program length**: Ongoing - **Investment**: Not publicly disclosed - **Equity free**: No - **Website**: [NSA Ventures](https://www.nsaventures.is) ## 5. Eyrir Venture Management Venture & growth arm of Eyrir group backing globally scalable tech companies. - **Focus**: Growth & venture; industrial tech, software - **Location**: Reykjavík, Iceland - **Program length**: Ongoing - **Investment**: Not publicly disclosed - **Equity free**: No - **Website**: [Eyrir Venture Management](https://www.linkedin.com/company/eyrir-venture-management/) ## 6. Iceland Venture Studio Venture studio and pre-seed/seed investor co-building data/AI-enabled startups. - **Focus**: Data/AI-enabled, platform products; venture-building + capital - **Location**: Reykjavík, Iceland - **Program length**: Ongoing - **Investment**: Not publicly disclosed - **Equity free**: No - **Website**: [Iceland Venture Studio](https://icelandventurestudio.com/) ## 7. Kría – Icelandic Seed Fund Government-backed seed vehicle investing via Icelandic VC funds and selective co-investments. - **Focus**: Fund-of-funds & co-investment into Icelandic seed VC/startups - **Location**: Reykjavík, Iceland - **Program length**: Ongoing - **Investment**: Not publicly disclosed - **Equity free**: No - **Website**: [Kría Seed Fund](https://www.kria.is) ## 8. Startup Reykjavík Flagship accelerator with a seed investment component and follow-on opportunities. - **Focus**: Generalist early-stage Icelandic startups - **Location**: Reykjavík, Iceland - **Program length**: ~3 months (accelerator); ongoing follow-ons - **Investment**: Not publicly disclosed - **Equity free**: No - **Website**: [Startup Reykjavík](https://www.startupreykjavik.is) --- ## Prepare for Demo Day: what Reykjavík VCs expect When pitching to **VCs in Reykjavík**, Demo Day isn’t just a pitch — it’s your chance to show international potential. With Iceland’s market being small, investors expect founders to think globally from day one. Here’s what to deliver: - Prove a clear problem-solution fit with export potential - Show traction (users, pilots, revenue, partnerships) - Highlight your team’s unique expertise and global outlook - Lay out a go-to-market strategy beyond Iceland (Nordics, EU, US) - Be ready to discuss runway, fundraising needs, and growth milestones Use Papermark to share your deck professionally and track how VCs engage with it in real time. --- ## Didn’t find the right VC? Browse our global database of 7,000+ investors and accelerators by sector, geography, and stage. --- ## Final Thoughts Reykjavík’s VC scene is small but mighty — combining public capital, private venture firms, and accelerators. For founders ready to scale globally, connecting with the right **investors in Reykjavík** can be the first step from Iceland to the world. --- ## Related Articles - [Belgrade's VC Frontier: 7 Firms Powering the City's Startup Surge in 2026](https://www.papermark.com/blog/venture-capital-firms-belgrade.md) - [12 VC Firms Redefining the Startup Game in Bucharest](https://www.papermark.com/blog/venture-capital-firms-bucharest.md) - [9 Trailblazing Venture Capital Firms Powering Bratislava's Startup Surge](https://www.papermark.com/blog/venture-capital-firms-bratislava.md) --- _Markdown version of [this article](https://www.papermark.com/blog/venture-capital-firms-reykjavik) for AI agents and LLMs._ _More Papermark content: [llms.txt](https://www.papermark.com/llms.txt) · [full index](https://www.papermark.com/llms-full.txt)._