What does Frumtak Ventures invest in?

Frumtak Ventures (Reykjavik, Iceland) — stage focus: Growth.

How do I contact Frumtak Ventures?

Frumtak Ventures's published profile links (website, LinkedIn or X where available) are listed on the StartupFundraising.com investor profile.

Where is Frumtak Ventures headquartered?

Frumtak Ventures is based in Reykjavik, Iceland.

Frumtak Ventures — Venture Capital in Reykjavik

About Frumtak Ventures

Frumtak Ventures is Iceland’s oldest active venture capital firm, founded in 2008 by Eggert Claessen and Svana Gunnarsdóttir to back local innovation with global potential. The firm invests from seed through IPO, focusing on the intersection of software, AI, and deep tech in sectors aligned with Iceland’s strengths: ocean tech, logistics, healthcare, energy, climate, and travel. Its typical initial check ranges between €1 million and €3 million, and it often acts as a lead investor with a high-conviction, high-involvement approach. Notable portfolio companies include SidekickHealth, Meniga, Valka, and Kaptio, all B2B or deep-tech startups with international growth ambitions. While sector-agnostic, Frumtak has a strong track record in B2B SaaS at seed or Series A stages. The firm’s fourth fund, closed in July 2024 at $87 million and oversubscribed, is primarily backed by Icelandic pension funds, reflecting its concentrated, locally rooted capital strategy.

Frumtak Ventures at a glance

Location: Reykjavik, Iceland
Investor type: Venture Capital
Stages: Growth

Frequently asked about Frumtak Ventures

What does Frumtak Ventures invest in?: Frumtak Ventures (Reykjavik, Iceland) — stage focus: Growth.
How do I contact Frumtak Ventures?: Frumtak Ventures's published profile links (website, LinkedIn or X where available) are listed on the StartupFundraising.com investor profile.
Where is Frumtak Ventures headquartered?: Frumtak Ventures is based in Reykjavik, Iceland.

Every field above is read from the StartupFundraising firm directory — disclosed location, recorded investments and stated focus — and re-checked as filings arrive. Founders pair it with investors in Reykjavik when building a target list.

Frumtak Ventures

About Frumtak Ventures

Frumtak Ventures at a glance

Frequently asked about Frumtak Ventures

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