Hekla Arnardottir, Founding Partner at Crowberry Capital, Reykjavík, Gullbringusysla. See sector focus and contact routes.
Hekla Arnardóttir is a Founding and Managing Partner at Crowberry Capital, a Reykjavík-based venture firm she launched after serving seven years as an investment manager at Iceland’s government innovation fund and working over a decade at medical tech company Össur. She invests in seed and Series A technology startups across the Nordic region, with a thesis spanning sectors like digital health, gaming, enterprise applications, FinTech, and travel tech. Her firm typically commits a fixed ticket of €2 million per deal and often acts as a lead investor, having led 22 transactions to date. Notable portfolio companies include Mainframe Industries, a gaming studio building the MMO *Pax Dei*; Lucinity, an AI-powered anti-money laundering platform; and Garden.io, which automates cloud development. Arnardóttir emphasizes a “strong follow-through philosophy,” prioritizing long-term support for startups’ international growth rather than one-off checks. While she has held board roles at companies like Dreamdata.io and Travelade, there is no publicly documented distinctive point of view or published writing attributed to her beyond firm communications.
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