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.
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... | $1.92M | Iceland, C... |
| 15.12.2021 | PLAIO | plaio.io | $2.25M | - |
| 01.02.2017 | Sidekick H... | sidekickhe... | $76.5M | Sweden, Go... |
| - | Handpoint | handpoint.... | - | United Kin... |
| - | Kaptio Tra... | kaptio.com | - | Iceland, K... |
| - | Data Dwell | datadwell.... | $1.1M | Canada, On... |
| - | Meniga | meniga.com | $15.46M | United Kin... |
| - | Controlant | controlant... | $54.83M | Iceland, R... |
| - | Activity S... | activityst... | - | 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 17
| Date | Title | Description | Source |
| 15.09.2022 | Abler raises €3.7m from Frumtak Ventures to impact public he... | Sportabler creator, Abler ehf., founding team Markus Mani M. Maute and Johann Gudmundsson “Abler’s v... | prweb.com/... |
| 15.09.2022 | Iceland’s Abler enables better togethers, raises €3.7 millio... | Reykjavik-based Abler, the parent company of sports management platform Sportabler has raised €3.7 m... | tech.eu/20... |
| 23.05.2022 | Helping correct workplace biases, Iceland’s Empower brings i... | Reykjavík-based Diversity, Equality, and Inclusion specialist Empower has raised €2.2 million in a s... | tech.eu/20... |
| 05.05.2022 | Sidekick raises $55M Series B lead by Novator Ventures, and ... | 05/05/2022 Press release DIGITAL THERAPEUTICS LEADER SIDEKICK RAISES $55M SERIES B TO DRIVE FURTHE... | webcapital... |
| 05.05.2022 | More than a Sidekick! Iceland’s digital therapeutics player ... | The next generation of therapeutics designed to prevent, treat and help people manage a wide range o... | tech.eu/20... |
| 05.01.2022 | Hotel Operations Solution Spectaflow raises €1.7 million in ... | Spectaflow integrated SaaS solution provider for hotel operations and deskless staff planning “Spect... | prweb.com/... |
| 15.12.2021 | Pharma Planning Software Maker PLAIO raises €2 million from ... | PLAIO and Frumtak Ventures “PLAIO provides the accuracy, predictability, transparency and precision ... | prweb.com/... |
| 23.06.2021 | Iceland’s Frumtak Ventures raises its third, $57M, fund focu... | Frumtak Ventures, one of the few VCs in Iceland, has raised its third fund, Frumtak III. The $57 mil... | techcrunch... |
| 21.06.2021 | Frumtak Ventures Closes Third Fund, At $57M | Frumtak Ventures, a Reykjavic, Iceland-based venture capital firm, closed its third fund, Frumtak II... | finsmes.co... |
| 21.06.2021 | Frumtak Ventures announces Frumtak III, $57m fund focused on... | Frumtak Ventures announces Frumtak III fund We are proud of the accomplishments of our portfolio com... | prweb.com/... |
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