# Investors in Iceland (2026 list) > 17 investors in Iceland, 100% active in the last 12 months. Led by Techstars, EIC Accelerator, Enterprise Ireland. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-in-iceland (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors in Iceland Updated 7 November 2026 Firms observed in a round raised by a company in Iceland in the last two years, wherever the firm itself is based. What matters to a founder is who writes cheques into their market. [See all 17 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-in-iceland)The top 17 **17** investors on the list No change this week **498** cheques in 12 months *-38%* against the market **$4.7M** median round they joined *-41%* against the market median **100%** wrote a cheque in 12 months **65%** have led a round ## The Top 17 Ordered by cheques observed, never by anything anyone paid for Deploying now (17) - 1 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 2026** last seen - 2 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen - 3 [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) *Deploying now* Government · Ireland **447** **$1.8M** median round **Nov 2026** last seen - 4 [Paladin Capital Group](https://millionrounds.com/fund/paladin-capital-group) *Deploying now* VC firm · United States **141** **$15M** median round **Oct 2026** last seen - 5 [Leo Capital](https://millionrounds.com/fund/leo-capital) *Deploying now* VC firm · United States **130** **$4.7M** median round **Oct 2026** last seen - 6 [Rabobank](https://millionrounds.com/fund/rabobank) *Deploying now* Corporate VC · Netherlands **122** **$3.2M** median round **Nov 2026** last seen - 7 [Shinhan Capital](https://millionrounds.com/fund/shinhan-capital) *Deploying now* VC firm · South Korea **74** **$3.1M** median round **Oct 2026** last seen - 8 [Elkstone Capital Partners](https://millionrounds.com/fund/elkstone-capital-partners) *Deploying now* Family office · Ireland **57** **$4M** median round **Sept 2026** last seen - 9 [Farvatn Venture](https://millionrounds.com/fund/farvatn-venture) *Deploying now* Family office · United States **32** **$2.8M** median round **Jun 2026** last seen - 10 [Athos Capital](https://millionrounds.com/fund/athos-capital) *Deploying now* VC firm · Spain **27** **$2.1M** median round **Jul 2026** last seen - 11 [NATO Innovation Fund (NIF)](https://millionrounds.com/fund/nato-innovation-fund) *Deploying now* VC firm · Netherlands **16** **$17M** median round **Sept 2026** last seen - 12 [Kompas VC](https://millionrounds.com/fund/kompas-vc) *Deploying now* VC firm · Denmark **7** **$13M** median round **Nov 2026** last seen - 13 [Crowberry Capital](https://millionrounds.com/fund/crowberry-capital) *Deploying now* VC firm · Iceland **6** **$7.6M** median round **Nov 2026** last seen - 14 [Frumtak Ventures](https://millionrounds.com/fund/frumtak-ventures) *Deploying now* VC firm · Iceland **5** **$7.9M** median round **Sept 2026** last seen - 15 [Swiss Post Ventures](https://millionrounds.com/fund/swiss-post-ventures) *Deploying now* Corporate VC · Switzerland **3** **$6M** median round **Sept 2026** last seen - 16 [DRD Investments](https://millionrounds.com/fund/drd-investments) *Deploying now* Investment firm **1** **$6M** median round **Sept 2026** last seen - 17 [ReykVC](https://millionrounds.com/fund/reykvc) *Deploying now* VC firm · Iceland **1** **$6.9M** median round **Sept 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Saidot](https://millionrounds.com/company/saidot)** Round *With* [Crowberry Capital](https://millionrounds.com/fund/crowberry-capital) - **5** Nov **[ArrayPatch](https://millionrounds.com/company/arraypatch)** Seed · $1.8M *With* [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) - **5** Nov **[Shinka](https://millionrounds.com/company/shinka)** Seed · $2.1M *With* [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) - **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Rabobank](https://millionrounds.com/fund/rabobank) - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Techstars](https://millionrounds.com/fund/techstars) - **4** Nov **[Supa](https://millionrounds.com/company/supa)** Seed · $28M *With* [Kompas VC](https://millionrounds.com/fund/kompas-vc) ## Stages This Year 477 rounds - Venture **28%** - Series A **20%** - Seed **18%** - Grant **10%** - Pre-seed **6%** - Other **17%** ## What They Backed Sectors, last 12 months - AI **108** - Biotech **52** - Healthcare **43** - IT Services **35** - Energy **30** - Aerospace & Space **24** ## Cheques by Quarter Led Joined 238 Q1 25 208 Q2 25 200 Q3 25 181 Q4 25 183 Q1 26 142 Q2 26 105 Q3 26 20 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors in United States 5,827](https://millionrounds.com/lists/investors-in-united-states) - [Investors in United Kingdom 1,889](https://millionrounds.com/lists/investors-in-united-kingdom) - [Investors in Germany 898](https://millionrounds.com/lists/investors-in-germany) - [Investors in Canada 868](https://millionrounds.com/lists/investors-in-canada) - [Investors in Australia 853](https://millionrounds.com/lists/investors-in-australia) - [Investors in France 771](https://millionrounds.com/lists/investors-in-france) - [Investors in India 756](https://millionrounds.com/lists/investors-in-india) - [Investors in Brazil 584](https://millionrounds.com/lists/investors-in-brazil) - [Investors in Netherlands 569](https://millionrounds.com/lists/investors-in-netherlands) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors in Iceland ### Who are the most active investors in Iceland? By cheques observed, the most active are Techstars, EIC Accelerator, Enterprise Ireland, Paladin Capital Group and Leo Capital. ### How many investors in Iceland are there? 17 are on record. 100% made an investment in the last 12 months and 65% have led a round. ### Which stages do investors in Iceland back? Of the rounds with a named stage in the last 12 months, mostly Series A (30%) and Seed (26%). ### How big are the rounds investors in Iceland join? The typical (median) round among the leading investors here is $4.7M. ### Which sectors do investors in Iceland back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which investors in Iceland lead the most rounds? Paladin Capital Group (10 led), NATO Innovation Fund (NIF) (10 led) and EIC Accelerator (9 led). ### Where are investors in Iceland based? Among the most active, most are based in the United States (4), Iceland (3) and Ireland (2). ### What have investors in Iceland invested in recently? Recent rounds include Saidot (Nov 2026, with Crowberry Capital), ArrayPatch (Seed, Nov 2026, with Enterprise Ireland) and Shinka (Seed, Nov 2026, with Enterprise Ireland). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)