# Arctic Therapeutics funding: rounds and investors

> Arctic Therapeutics has raised $28M across 1 round since 2025. Investors include EIC Accelerator. Every round with its source.

Source: https://millionrounds.com/company/arctic-therapeutics (Millionrounds; every figure on the page links to its filing or article)

Iceland · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Arctic Therapeutics*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Pharma

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Funding summary Updated 27 Oct 2026

**$28M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series A, $28M Jan 2025
- **Investors:** 1

See who backed them

## The rounds

- **Jan 2025** Series A **$28M** [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Source recorded

## Founders and team

From Arctic Therapeutics's own website: 1 founder, 7 on the team.

**Ivar Hakonarson** Co-founder & Chief Executive Officer

- **Asbjorn Kristbjornsson** Chief Information Officer
- **Gulli Arnason** Chief Strategy Officer
- **Lisa DeMarco** Chief Business Officer & General Counsel
- **Dr. Asbjorg Snorradottir** Director of Clinical Development
- **Dr. Stuart R. Lessin** Medical Director at KGL Skin Study Center
- **Huld Sveinbjornsdottir** Director of Clinical Operations
- **Olga Bjorgvinsdottir** Laboratory Director

Advisers *Dr. Charlly Kao* *Dr. Hakon Hakonarson*

## Everyone who backed them

[EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=arctic-therapeutics).

## Quick answers about Arctic Therapeutics

### Who invested in Arctic Therapeutics?

Arctic Therapeutics's investors include EIC Accelerator.

### How much has Arctic Therapeutics raised?

Arctic Therapeutics has raised $28M across 1 round since 2025.

### When did Arctic Therapeutics last raise?

Arctic Therapeutics's most recent round was a Series A of $28M in Jan 2025.

### What was Arctic Therapeutics's biggest round?

Its most recent round, $28M in Jan 2025, is also its largest on record.

### Who backed Arctic Therapeutics first?

Arctic Therapeutics's first round on record, in Jan 2025, was backed by EIC Accelerator.

### What stage is Arctic Therapeutics at?

Arctic Therapeutics's latest named round is a Series A, in Jan 2025.

### Where is Arctic Therapeutics based?

Arctic Therapeutics is based in Iceland.

## Companies like Arctic Therapeutics

In the same sector, and raised in the last eighteen months.

[**Medikea** $1.2M · Oct 2026](https://millionrounds.com/company/medikea)[**Aribio** Oct 2026](https://millionrounds.com/company/aribio)[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**OMass Therapeutics** $442M · Oct 2026](https://millionrounds.com/company/omass-therapeutics)[**Scimplify** $65M · Oct 2026](https://millionrounds.com/company/scimplify)[**ADC Therapeutics** $646M · Oct 2026](https://millionrounds.com/company/adc-therapeutics)

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