Frumtak Ventures manages venture funds Frumtak 1 and Frumtak 2. The LPs of these funds are predominantly pension funds as well as some additional stakeholders in Iceland.
Frumtak 1 is fully invested. Frumtak 2 invests in early stage /early revenue companies that are post-seed and show great potential for growth. Frumtak Ventures has the objective to invest in companies that can become leaders in their field so they not only show good returns but contribute to improve the society in which they operate.
Frumtak Ventures invests in entities in Iceland and has the ability to invest abroad as a part of the expansion of its portfolio companies internationally. The venture firm does not have a specific industry focus. However, it investments in companies that show great growth potential in specific industry sectors.
Frumtak 1 is fully invested. Frumtak 2 invests in early stage /early revenue companies that are post-seed and show great potential for growth. Frumtak Ventures has the objective to invest in companies that can become leaders in their field so they not only show good returns but contribute to improve the society in which they operate.
Frumtak Ventures invests in entities in Iceland and has the ability to invest abroad as a part of the expansion of its portfolio companies internationally. The venture firm does not have a specific industry focus. However, it investments in companies that show great growth potential in specific industry sectors.
Location: Iceland, Reykjavik
Employees: 1-10
Phone:+354 510 1850
Founded date: 2008
Investment Type: Venture Capital
Investment Stage: Pre-Seed; Seed; Series A
Portfolio 12
| Date | Name | Website | Total Raised | Location |
| 03.02.2022 | Ankeri | ankeri.net | $2.33M | Iceland, R... |
| 05.01.2022 | Spectaflow | spectaflow.com | $1.92M | Iceland, C... |
| 15.12.2021 | PLAIO | plaio.io | $2.25M | - |
| 01.02.2017 | Sidekick H... | sidekickhealth.com | $76.5M | Sweden, Go... |
| - | Handpoint | handpoint.com | - | United Kin... |
| - | Kaptio Tra... | kaptio.com | - | Iceland, K... |
| - | Data Dwell | datadwell.com | $1.1M | Canada, On... |
| - | Meniga | meniga.com | $15.46M | United Kin... |
| - | Controlant | controlant.com | $54.83M | Iceland, R... |
| - | Activity S... | activitystream.com | - | Serbia, Ce... |
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Persons 2
| Date | First Name | Last Name | Title | Location | |||
| - | Eggert | Claessen | Partner Em... | linkedin.c... | - | - | - |
| - | Andri | Heiðar Kri... | Partner | linkedin.c... | - | - | - |
Mentions in press and media 26
| Date | Title | Description |
| 18.10.2024 | The Rise of Moombix: Revolutionizing Music Education in a Digital Age | In a world where music is often sidelined, Moombix emerges as a beacon of hope. This Reykjavik-based platform is not just another online learning tool; it’s a revolution in music education. With a recent funding boost of €2.27 million, Moom... |
| 18.10.2024 | Moombix Strikes a Chord: Revolutionizing Music Education Online | In a world where music education often feels like a distant dream for adults, Moombix is changing the tune. This Reykjavik-based platform has just secured €2.27 million in seed funding, a significant boost that will help it scale its online... |
| 17.10.2024 | Reykjavik-based Moombix raises €2.27 million to scale its online music learning platform | Moombix, a music education platform enabling adult hobbyists and those with professional aspirations to have one-on-one online classes with expert teachers – offering instrument learning, voice coaching, DJing, as well as production and pub... |
| 15.08.2024 | Revolutionizing Pharma: PLAIO's €4.3 Million Leap into AI-Driven Supply Chains | In the heart of Reykjavik, a quiet revolution is brewing. PLAIO, an Icelandic startup, has secured €4.3 million in funding to reshape the pharmaceutical supply chain landscape. This investment, led by Iðunn, a venture capital fund, marks a ... |
| 14.08.2024 | Iceland's PLAIO raises €4.3M for AI-driven pharma supply chain solutions | Iceland-founded AI-assisted decision support platform for the pharmaceutical industry PLAIO has raised €4.3 million in an oversubscribed round. The company was co-founded by industry veterans and academics with over 25 years of experience i... |
| 13.07.2024 | Frumtak Ventures: A Beacon of Innovation in Iceland | Frumtak Ventures, an early-stage investor in Iceland, has closed its fourth fund at $87 million, signaling a new chapter in the country's innovation landscape. With a focus on backing entrepreneurs tackling real-world problems with cutting-... |
| 10.07.2024 | Frumtak Ventures closes €80.3 million fourth fund to champion Icelandic innovation | Iceland-founded early-stage investor Frumtak Ventures has raised a €80.3 million fourth fund, Frumtak IV, in a single close. The fund was oversubscribed and is a successor to 2021’s €52.6 million Frumtak III. Frumtak Ventures’ high-convicti... |
| 10.07.2024 | Icelandic Frumtak Ventures closes fourth fund at $87M | Iceland-founded early-stage investor Frumtak Ventures has raised an $87M fourth fund, named Frumtak IV. While being sector-agnostic, the fund has previously placed most of its investments in B2B SaaS startups at the seed or Series A stage. ... |
| 09.07.2024 | Frumtak Ventures closes $87M 4th fund for Iceland investments | We want to hear from you! Take our quick AI survey and share your insights on the current state of AI, how you’re implementing it, and what you expect to see in the future. Learn More Iceland’s early-stage investor Frumtak Ventures has rais... |
| 15.09.2022 | Abler raises €3.7m from Frumtak Ventures to impact public health through better sports management | Sportabler creator, Abler ehf., founding team Markus Mani M. Maute and Johann Gudmundsson “Abler’s vision is to make good sports programs better and improve the working environment of an industry that plays a vital role in communities,” sai... |
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