Top list · Iceland
Startups in Iceland
45 startups in Iceland have raised money in rounds we track. These are the 45 that have raised the most, $1.1B between them, with Reykjavik the most common home.
- 1
AlvotechAlvotech is a biotechnology company that specializes in making biosimilars to create biologic medicines.Alvotech is a biotechnology company that specializes in making biosimilars to create biologic medicines.
Founded 2013Reykjavik, Iceland$465Mlast round Jun 2026 - 2Artic EnergyFounded -Iceland$150Mlast round Apr 2018
- 3
LAXEYLAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.
Founded 2021Vestmannaeyjar, Iceland$87Mlast round Jun 2026 - 4
CCP GamesFenris Creations is a leading game developer recognized for building deep, player-driven virtual worlds shaped by freedom, conflict, and community.Fenris Creations is a leading game developer recognized for building deep, player-driven virtual worlds shaped by freedom, conflict, and community.
Founded 1997Reykjavik, Iceland$66Mlast round Nov 2015 - 5EulerEuler provides an AI investment research app and financial services.
Euler provides an AI investment research app and financial services.
Founded 2017Iceland$36Mlast round Aug 2026 - 6MenigaFounded -Iceland$34Mlast round Dec 2023
- 7
Arctic TherapeuticsArctic Therapeutics is a clinical-stage biopharmaceutical company based in Reykjavík, Iceland, founded in 2015.Arctic Therapeutics is a clinical-stage biopharmaceutical company based in Reykjavík, Iceland, founded in 2015.
Founded 2015Philadelphia, Iceland$28Mlast round Jan 2025 - 8
EpiEndo PharmaceuticalsEpiEndo Pharmaceuticals is a clinical biopharmaceutical company focused on novel solutions for chronic airway diseases.EpiEndo Pharmaceuticals is a clinical biopharmaceutical company focused on novel solutions for chronic airway diseases.
Founded 2014Reykjavik, Iceland$23Mlast round Aug 2021 - 9
KerecisKerecis is a commercial stage company pioneering the use of fish skin and fatty acids in cellular-therapy and regenerative-medicineKerecis is a commercial stage company pioneering the use of fish skin and fatty acids in cellular-therapy and regenerative-medicine
Founded 2009Isafjordur, Iceland$20Mlast round Jun 2019 - 10GRIDFounded -Iceland$20Mlast round Feb 2024
- 11TrebleFounded -Iceland$18Mlast round Sept 2026
- 12
LucinityLucinity is a global Software-as-a-Service (SaaS) company founded in 2018 and based in Reykjavík, Iceland.Lucinity is a global Software-as-a-Service (SaaS) company founded in 2018 and based in Reykjavík, Iceland.
Founded 2018Reykjavik, Iceland$17Mlast round Jul 2022 - 13
Teatime GamesTeatime Games is an Iceland-based gaming startup that reinvents social games.Teatime Games is an Iceland-based gaming startup that reinvents social games.
Founded 2017Reykjavik, Iceland$17Mlast round May 2018 - 14
Activity StreamActivity Stream makes client's organization better by turning business data into actionable intelligence and insights.Activity Stream makes client's organization better by turning business data into actionable intelligence and insights.
Founded 2013Reykjavik, Iceland$16Mlast round Jan 2024 - 15
Eve.comEVE offers massively multiplayer online roleplaying games.EVE offers massively multiplayer online roleplaying games.
Founded 1998Iceland$14Mlast round Sept 2010 - 16
SmittenSmitten is a dating app that offers creative games, interactive profiles, and icebreakers for its users.Smitten is a dating app that offers creative games, interactive profiles, and icebreakers for its users.
Founded 2020Iceland$10Mlast round Sept 2022 - 17
TravelshiftTravelshift is an Icelandic online travel agency and technology provider that specializes in AI-driven travel solutions for the leisure market.Travelshift is an Icelandic online travel agency and technology provider that specializes in AI-driven travel solutions for the leisure market.
Founded 2012Reykjavik, Iceland$10Mlast round Aug 2023 - 18
Laki PowerLaki Power is an Icelandic research and development company based in Reykjavík, specializing in grid-enhancing solutions for the utility sector.Laki Power is an Icelandic research and development company based in Reykjavík, specializing in grid-enhancing solutions for the utility sector.
Founded 2015Reykjavik, Iceland$9.9Mlast round Sept 2026 - 19
1939 Games1939 Games is an independent game development studio based in Reykjavík, Iceland, founded in 2015 by brothers Ívar and Guðmundur Kristjánsson.1939 Games is an independent game development studio based in Reykjavík, Iceland, founded in 2015 by brothers Ívar and Guðmundur Kristjánsson.
Founded 2015Reykjavik, Iceland$8.9Mlast round Sept 2021 - 20
TripCreatorTripCreator is a travel management software and white-label itinerary creation platform tailored for professional travel businesses.TripCreator is a travel management software and white-label itinerary creation platform tailored for professional travel businesses.
Founded 2013Reykjavik, Iceland$8.0Mlast round Sept 2018 - 21
Kara ConnectKara Connect is a Nordic, female-founded platform focused on mental health and employee wellbeing.Kara Connect is a Nordic, female-founded platform focused on mental health and employee wellbeing.
Founded 2015Reykjavik, Iceland$6.3Mlast round May 2022 - 22
50skills50skills is an Icelandic HR SaaS company that focuses on enhancing employee onboarding and automating HR workflow processes for enterprise employers, especially50skills is an Icelandic HR SaaS company that focuses on enhancing employee onboarding and automating HR workflow processes for enterprise employers, especially
Founded 2017Kopavogur, Iceland$6.0Mlast round Sept 2026 - 23AuthenteqFounded -Iceland$5.0Mlast round Jan 2019
- 24
AblerAbler is a sports and team technology company based in Reykjavík, Iceland.Abler is a sports and team technology company based in Reykjavík, Iceland.
Founded 2017Reykjavik, Iceland$3.7Mlast round Sept 2022 - 25
RexbyRexby is a travel-tech company founded in 2021, based in Reykjavík, Iceland.Rexby is a travel-tech company founded in 2021, based in Reykjavík, Iceland.
Founded 2021Reykjavik, Iceland$2.4Mlast round Nov 2025 - 26
Hefring MarineAn Icelandic deep-tech company building AI to enhance fuel efficiency, reduce carbon emissions and improve safety for boat operations.An Icelandic deep-tech company building AI to enhance fuel efficiency, reduce carbon emissions and improve safety for boat operations.
Founded 2018Reykjavik, Iceland$2.4Mlast round May 2024 - 27
AldaAlda is a SaaS platform dedicated to promoting inclusive workplace cultures through data-driven insights and AI-powered tools.Alda is a SaaS platform dedicated to promoting inclusive workplace cultures through data-driven insights and AI-powered tools.
Founded 2022Reykjavik, Iceland$2.3Mlast round May 2022 - 28
Silent FlyerThe Silent Flyer autonomous bird-like device has wings that can morph during flight and fold to the body.The Silent Flyer autonomous bird-like device has wings that can morph during flight and fold to the body.
Founded 2008Iceland$2.2Mlast round Sept 2023 - 29
MoneriumMonerium is a financial technology company based in Reykjavik, Iceland, that combines fiat currency with blockchain technology to facilitate secure and regulateMonerium is a financial technology company based in Reykjavik, Iceland, that combines fiat currency with blockchain technology to facilitate secure and regulate
Founded 2017Reykjavik, Iceland$2.0Mlast round Sept 2021 - 30
OvertuneOvertune is an Iceland-based music technology startup founded in 2020.Overtune is an Iceland-based music technology startup founded in 2020.
Founded 2020Reykjavik, Iceland$2.0Mlast round Jul 2022 - 31
AdviseAdvise is a Dublin-based analytics company specializing in consumer packaged goods (CPG).Advise is a Dublin-based analytics company specializing in consumer packaged goods (CPG).
Founded 2016Iceland$1.6Mlast round Jan 2025 - 32
DataMarketDaaS platform from Spain.DaaS platform from Spain.
Founded 2021Iceland$1.2Mlast round Aug 2011 - 33
Memento PaymentsMemento Payments is a fintech company founded in 2014 that offers a scalable SaaS platform for creating customizable digital wallet and card management applications.Memento Payments is a fintech company founded in 2014 that offers a scalable SaaS platform for creating customizable digital wallet and card management applications.
Founded 2014Reykjavik, Iceland$1.2Mlast round Sept 2022 - 34
GreenBytesGreenBytes is a sustainable kitchen management software company based in Iceland.GreenBytes is a sustainable kitchen management software company based in Iceland.
Founded 2020Reykjavik, Iceland$980Klast round Sept 2022 - 35
KaptioKaptio is a global ResTech company that specializes in reservation technology for the travel industry.Kaptio is a global ResTech company that specializes in reservation technology for the travel industry.
Founded 2012Kopavogur, Iceland$890Klast round Jan 2015 - 36
FlorealisFlorealis is a pharmaceutical company located in Reykjavik, Iceland, established in 2013.Florealis is a pharmaceutical company located in Reykjavik, Iceland, established in 2013.
Founded 2013Reykjavik, Iceland$751Klast round Jan 2020 - 37
GlazeGlaze is an AI powered E-commerce platform for premium fashion clothing brands.Glaze is an AI powered E-commerce platform for premium fashion clothing brands.
Founded 2023Iceland$500Klast round Sept 2023 - 38
GemmaQGender-lens for Global Markets.Gender-lens for Global Markets.
Founded 2019Reykjavík, Iceland$400Klast round May 2022 - 39
Atlas PrimerAtlas Primer is a Education And Technology Platform.Atlas Primer is a Education And Technology Platform.
Founded 2019Reykjavík, Iceland$300Klast round Jan 2023 - 40
Loki FoodsLoki Foods is an Icelandic food technology startup founded in 2022, specializing in sustainable, plant-based Arctic seafood.Loki Foods is an Icelandic food technology startup founded in 2022, specializing in sustainable, plant-based Arctic seafood.
Founded 2022Reykjavik, Iceland$200Klast round Oct 2022 - 41
MailpileMailpile provides online email services and a saving feature in an internet server mailbox with encryption and privacy features.Mailpile provides online email services and a saving feature in an internet server mailbox with encryption and privacy features.
Founded 2013Reykjavik, Iceland$163Klast round Sept 2013 - 42
SundraSundra is a software company based in Reykjavík, Iceland, founded in 2022.Sundra is a software company based in Reykjavík, Iceland, founded in 2022.
Founded 2022Reykjavik, Iceland$100Klast round Feb 2026 - 43
Fisheries TechnologiesFisheries Technologies is an Icelandic company specializing in the field of fisheries management on a governmental level.Fisheries Technologies is an Icelandic company specializing in the field of fisheries management on a governmental level.
Founded 2012Reykjavík, Iceland$59Klast round Dec 2017 - 44
AdmittorThe company's Admittor Admissions Management System utilizes cutting-edge web technology to provide a holistic solution that saves time for applicants and admisThe company's Admittor Admissions Management System utilizes cutting-edge web technology to provide a holistic solution that saves time for applicants and admis
Founded 2011Reykjavik, Iceland$19Klast round Sept 2010 - 45
SuitMeSuitMe specializes in intelligent software solutions for online fashion.SuitMe specializes in intelligent software solutions for online fashion.
Founded 2014Iceland$16Klast round Jun 2014
Reykjavik, IcelandEvery startup we hold in Iceland, ranked by the total it has raised in rounds we hold. Nobody pays to be on a list.
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