Fundraising Fox
Crowberry Capital
Venture capitalReykjavík · Pre-Seed–Series A · 11 people tracked
Find your way into Crowberry Capital
1,254 people in our graph share verified history with the Crowberry Capital team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Crowberry Capital backs fearless founders building companies across the Nordics, focusing on the seed and early stage where it aims to identify value before market validation. The firm operates a 'company first' philosophy, making every decision in the best interest of the portfolio company, and follows through with continued support from seed to exit. It emphasizes inclusivity, viewing the market's gender gap as an untapped investment opportunity, and seeks founders solving real problems with a positive impact. With its second fund of €90M, Crowberry partners with the next generation of Nordic tech leaders, writing initial tickets of roughly €200,000 to €2,000,000.
Source: firm website, verified Sep 26, 2026.
Team · 11 people
from the firm's website & public directories
What they invest in
from 31 of 41 portfolio companiesAI & Machine Learning ×15SaaS ×13Enterprise Software ×8Fintech ×6Gaming ×5Digital Health ×4Healthtech ×4HR Tech ×4
HQs:Iceland×5Denmark×2European Union×2Finland×2United States×2Switzerland×1
Investments · 41 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 42023 · 22022 · 32021 · 12020 · 12019 · 22017 · 115 dated
Ellie is a data modeling platform that lets business domain experts and data teams create conceptual ER diagrams (a semantic layer) using text, diagrams, or a GenAI chatbot, and convert them into logical and physical data models and SQL databases.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaS
Co-investorsNewionBlumberg CapitalRustic Canyon PartnersTrinity Ventures
Social First is a Finnish game studio developing a cross-platform social MMO intended to function as a social platform for players.
ConsumerGamingSocialHelsinki, FI
Co-investorsPlay Ventures
1939 Games develops a digital collectible card game set in a WWII military theme.
Gaming
Gudmundur KristjanssonIvar Kristjanssonin
Co-investorsCrit VenturesSisu Game VenturesKorea Investment PartnersSeoul Investment Partners
50skills is an HR automation platform that uses AI to automate time-consuming workflows such as onboarding, offboarding, recruitment, and benefits administration.
AI & Machine LearningHR TechSaaSReykjavik, IS
Co-investorsFrumtak Ventures
Aldin builds cross-platform, immersive games and reality software that combine AI with voice, hand tracking, eye tracking, and body language so characters can talk and react in lifelike ways.
AI & Machine LearningDeep TechGaming
Augmented Hearing develops AI-powered speech enhancement technology that isolates and clarifies voice signals in noisy environments using deep learning and psychoacoustics.
AI & Machine LearningDeep TechDefense TechGovTechHardwareMedical Devices
MetteMartin
Co-investorsHeartfelt Capital
Avo is a SaaS analytics governance platform that helps product managers, developers, and data scientists plan, track, and govern product analytics.
Data & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSReykjavík, IS
Stefania Olafsdottir(Founder/CEO)inSölvi Logason(Founder)inSolvi Logason(Founder)in
Co-investorsHeavybitNotable CapitalY CombinatorBackbone AngelsBrunnur Ventures GPVentureSouq+9 more
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The European Investment Fund is a multilateral development bank with AAA credit ratings that provides capital and financing to foster economic impact through its strong balance sheet and governance.
CleantechClimate TechEnergyEnterprise SoftwareFintechImpact & Social GoodLuxembourg, EU
Co-investorsEIFAlpine Space VenturesBOMInvivo Capital PartnersKhanuM80 Partners+3 more
Clutch provides an AI-powered camera system for padel clubs that automates match recording, generates highlights, and delivers player analytics along with a club management dashboard.
AI & Machine LearningHardwareSports Tech
Dreamdata is a B2B marketing platform that maps customer journeys, builds audiences, and measures revenue attribution.
AdTechAI & Machine LearningMarketing TechCopenhagen, DK
Lars Grønnegaard(CPO & Co-founder)inSteffen Hedebrandt(CMO & Co-founder)inNick Turner(CEO)in
Co-investorsCuriosity VCInreach VenturesPeakSpan Capital Partners
Garden is a DevOps automation tool that enables teams to build and test Kubernetes applications in production-like environments for development, testing, and CI, with smart caching to accelerate builds and test runs.
Cloud ComputingDeveloper Tools
Co-investorsbyFoundersFly Ventures468 CapitalCraft VenturesDigital GarageMastercard Start Path+3 more
Co-investorsHeartfelt Capital
Hemi is a specialized private clinic for diagnosing and treating headache disorders — including migraine, tension headache, cluster headache, concussion, and whiplash-related symptoms — in both children and adults.
Digital HealthHealthtechWellness & FitnessFrederiksberg, DK
Co-investorsAlliance VCAlliance VentureSondo CapitalAccelOCV PartnersRibbit Capital
HEMI provides a proprietary clinical AI platform serving hospitals, clinicians, and patients across Southeast Asia, with particular strength in Malaysia.
AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechLondon, GB
Dr. Ezam Mat Ali(Founder & CEO)inLilyana Abdul Latiff(Co-Founder and Chief Technology Officer)Dr. Saifol Bahri Shamlan(Co-Founder and Chief Financial Officer)Hemy Sorfina Halim(Co-Founder and Chief Marketing Officer)
Co-investorsAlliance VCSondo Capital
Jónsbók is a legal research and drafting tool for lawyers that analyzes documents and answers legal questions with cited sources grounded in local jurisdictions.
AI & Machine LearningLegalTechSaaS
Kara Connect provides a customizable Wellbeing Hub through which employers offer employees one-on-one mental health and wellbeing sessions with human practitioners, delivered on a secure platform.
Digital HealthHR TechMental Health
Kind offers a digital care platform for healthcare providers, with features including chat messaging, video appointments, triage, custom health forms, and automated appointment reminders.
Digital HealthHealthtechSaaS
Lucinity provides AI-powered financial crime prevention and anti-money laundering operations for financial institutions.
AI & Machine LearningEnterprise SoftwareFintechReykjavik, IS
GK(Founder and Executive Chairman)Daniel Pálmason(Chief Executive Officer and Co-Founder)inJohann Haraldsson(Chief Technology Officer and Co-Founder)inGuðmundur Kristjánsson(Executive Chairman and Founder)inGudmundur Kristjansson(Founder)in
Co-investorsbyFoundersKarma VenturesKeen Venture Partners
Mainframe provides software development and marketing services for decentralized finance protocols, specializing in parameter optimization to improve capital efficiency, fees, risk management, and incentive structures.
Crypto & Web3FintechSan Francisco, US
Co-investorsTechstarsAndreessen HorowitzBase Case CapitalRiot GamesStellation CapitalWEEKEND
Finnish-Icelandic game developer building Pax Dei, a cloud-native sandbox MMO playable across mobile, PC and console.
Co-investorsAndreessen HorowitzPlay VenturesSisu Game VenturesMaki.vc
monday.com is a work operating system and AI platform that helps teams and organizations build custom applications, manage projects, and execute workflows across departments.
AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSNew York, US
Roy Mann(Co-founder)inEran Zinman(Co-founder)in
Co-investorsDigital HorizonEntrée CapitalF2 Venture CapitalFounders Circle CapitalInsight PartnersLumir Ventures+4 more
Monerium creates infrastructure for onchain fintech by issuing, ramping, orchestrating, and exchanging stablecoins through whitelabel services, reliance partners, and direct offerings to consumers and businesses.
Crypto & Web3Fintech
Gísli Kristjánsson(Chief Executive Officer)inJón Helgi Egilsson(Head of Strategic Partnerships)inSveinn Valfells(Chair)inHjörtur Hjartarson(Chief Operating Officer)inÁrni Guðjónsson(Chief Product Officer)Margus Kerma(Chief Technology Officer)in
Co-investorsBootNodeConsenSys MeshConsenSys
OneTeam is AI hiring software that sources applicants, screens and ranks candidates for fit, and coordinates interview scheduling for employers, with a focus on restaurant hiring.
AI & Machine LearningHR TechSaaS
Porcelain Fortress is a game studio that develops simple, polished games for the PC market, drawing inspiration from classic arcade and console games.
GamingReykjavik, IS
Co-investorsBehold VenturesBrunnur Ventures GP
Quanscient provides a cloud-based multiphysics simulation platform designed for engineers in R&D to accelerate complex engineering simulations with reduced runtimes and improved design exploration across medical devices, consumer electronics, automotive, and space applications.
Advanced ManufacturingAI & Machine LearningCloud ComputingDeep TechQuantum ComputingSaaSTampere, FI
Juha Riippi(CEO, Co-Founder)Dr. Alexandre Halbach(CTO, Co-Founder)Asser Lähdemäki(Chief Product Officer, Co-Founder)inDr. Valtteri Lahtinen(Chief Scientist, Co-Founder)Dr. Tweedie(UK Director, Co-Founder)
Co-investorsB&C Innovation InvestmentsQAI Ventures55 NorthFirst Fellow PartnersMaki.vc
Rocky Road is building a social gaming network that connects gamers.
GamingSocial
Co-investorsSisu Game Venturesfoobar.vcLuminar VenturesSisu Ventures
Saidot provides an AI governance platform that connects an organization's AI inventory (agents, systems, models, and datasets) to a knowledge graph of risks, policies, and controls that update automatically.
AI & Machine LearningEnterprise SoftwareSaaS
Savantiq builds an AI tool for investment and deal teams that connects to their data sources to automate finance workflows such as screening targets and drafting IC memos.
AI & Machine LearningFintechSaaS
Heini Salonen(Founder)in
Co-investorsVendep Capital
Scaleup Finance delivers professional investor and board reporting services for startups and growing companies, combining financial data aggregation with expert CFO oversight to produce monthly board-ready reports.
Enterprise SoftwareFintechSaaS
Co-investorsClocktower VenturesFin CapitalMorph CapitalWestern Technology Investment
Sling is an employee scheduling and workforce management platform that lets managers build shift schedules, track time and attendance, control labor costs, assign tasks, and communicate with staff.
Future of WorkHR TechSaaS
Co-investorsboldstart ventures
SnerpaPower builds technology to digitalize industrial load and connect power-intensive users to fast-changing electricity markets in an intelligent and profitable way.
CleantechClimate TechEnergyReykjavík, IS
Eyrún Linnet(Co-founder)Íris Baldursdóttir(Co-founder)
Co-investorsBackingMinds
Terramate provides a platform for managing Infrastructure as Code that lets platform teams package reusable IaC patterns (Bundles) with built-in governance, compliance, and security, while developers and AI agents self-serve infrastructure across environments.
Cloud ComputingDeveloper ToolsSaaS
Co-investorsD11ZFly VenturesNAP
Tiimo is a planning platform that uses AI to help users organize tasks by breaking them into steps and generating time estimates.
AI & Machine LearningConsumerEdTechFuture of WorkHealthtechMental HealthWellness & Fitness
Co-investorsPeople Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Garden TechnologiesEmblaFeatsGemmaQKatlaPrivacy PolicyTravelade
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Portfolio news
latest coverage across their companiesQuanscient · quanscient.com · May 26, 2026
monday.com · calcalistech.com · Dec 10, 2025
Frequently asked questions
- How many investments has Crowberry Capital made?
- Crowberry Capital has 41 tracked investments, including 2 dated in the last 24 months.
- What stage does Crowberry Capital invest at?
- Crowberry Capital invests at the Pre-Seed, Seed, Series A stages.
- What is Crowberry Capital's typical check size?
- Crowberry Capital typically writes checks of $220K – $2.2M.
- What sectors does Crowberry Capital focus on?
- Crowberry Capital focuses on AI & Machine Learning, Cleantech, Climate Tech, Data & Infrastructure, Digital Health, Energy, Fintech, Gaming, HR Tech, LegalTech, SaaS, Sector Agnostic.
- Where is Crowberry Capital located?
- Crowberry Capital is headquartered in Reykjavík, IS.
- Does Crowberry Capital lead rounds?
- Crowberry Capital has led 7 of the 10 rounds where its role is on record.
- Who does Crowberry Capital co-invest with?
- Crowberry Capital most often shares deals with Sisu Game Ventures, Fly Ventures, Founders Circle Capital, among 25 tracked co-investors.
Media · Podcasts & interviews
featuring the teamEp#37 Early in Tech funding from Iceland, a Mighty Nordic Innovator Helga Valfells Crowberry Capital
Nordic Fintech Magazine · Helga Valfells
Frumkvöðlaspjall: Helga Valfells hjá Crowberry Capital
Haukur · Helga Valfells
TechChill 2020: VCs Role in Founders' Mental Health by Helga Valfells, Crowberry Capital
TechChill · Helga Valfells
Live with Helga Valfells on Investors & PR | We are going live with Helga Valfells founding partner at Crowberry Capital at 1 PM, we will talk about Investors & PR - prepare questions!✨💪 | By Hack The Crisis Iceland
Helga Valfells · facebook.com
Images
Co-investors · 7
Maki.vc is an early-stage venture capital firm focused on deep tech startups in the Nordics, positioning itself as a hands-on partner that supports founders with operational help, market research, hiring, and strategy.
Foobar is the investment company of Icelandic entrepreneur David Helgason that focuses on supporting startups and investing in technology to accelerate global decarbonization and sustainability efforts.
InReach Ventures is an AI-driven venture firm backing founders across Europe at the earliest stage.
Luminar Ventures is a Nordic seed-stage venture capital firm founded by former founders and angel investors, backing pre-seed and seed companies across sectors.
PeakSpan Capital is a growth equity firm focused on partnering with scale-up software companies building Applied AI B2B software, typically from $3M to $50M+ ARR.
Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities to drive innovation.
River VP is a software venture capital firm focusing on B2B software companies that have achieved initial product-market fit. The firm invests in AI and ML applications across future of commerce, including fintech, marketing automation, and logistics, targeting companies in Europe.
Firms observed investing alongside Crowberry Capital, from public investor directories. Shared companies are the overlap with Crowberry Capital's recorded portfolio.
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