Fundraising Fox

Crowberry Capital

Venture capital

Reykjavik · Pre-Seed–Series A · 7 people tracked

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Investment thesis

Crowberry Capital backs fearless, early-stage founders across the Nordic region, staying true to the seed stage while monitoring tech trends to invest before market validation. The firm operates a company-first philosophy, aiming to build value for all stakeholders and maintaining a strong follow-through approach. It emphasizes inclusivity, viewing the market's gender gap as an untapped investment opportunity, and seeks founders solving real problems with a positive impact. Backed by a second fund of EUR 90M, the firm has invested in more than 25 companies and looks to partner with the next generation of Nordic tech leaders.

Invests inSector AgnosticDenmarkEuropeGlobalIcelandSweden

Source: firm website, verified Aug 7, 2026.

Stage
Pre-Seed–Series A
Check
$200K – $2M
HQ
Reykjavik, IS
Instruments
Equity
Founded
2017
AUM
$90M
Tracked investments
14

Team · 7 people

from public directories
Hekla Arnardóttir· Partnerin𝕏
Jack Petersin

What they invest in

from 7 of 14 portfolio companies

AI & Machine Learning ×4Enterprise Software ×3SaaS ×3Fintech ×2HR Tech ×2Cleantech ×1Climate Tech ×1Crypto & Web3 ×1

HQs:United States×3Iceland×2

Investments · 14 tracked

founders shown can be your intro path
Garden TechnologiesSEC filingmedium confidence

Berlin

Sebastiaan Joannes Edmond Peters(Executive Officer, Director)Jon Edvald Vignisson(Executive Officer, Director)

Board seatJenny Ruth Hrafnsdottir· per SEC Form D · $15.9M raise · filed Mar 2022

1939 Games
1939Games1939games.comin𝕏

1939 Games develops WWII-themed gaming experiences, including KARDS, a free-to-play digital collectible card game that combines traditional CCG mechanics with strategy gameplay set in World War II.

Gaming

50Skills50skills.comin𝕏

50skills is an HR automation platform that lets teams build custom, AI-assisted workflows for tasks like onboarding and offboarding, leave requests, candidate nurturing, expense reimbursements, and IT ticket routing.

AI & Machine LearningHR TechSaaS

Dreamdata

Based in Copenhagen, Denmark and New York, US.

Lucinitylucinity.comin𝕏

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)in

Mainframemainframe.coin

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

Mondaymonday.comin𝕏

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)Eran Zinman(Co-founder)

Privacy Policycdn-website.com
Rocky Road
Snerpapowersnerpapower.com

SnerpaPower builds technology to digitalize industrial load and connect power-intensive users to fast-changing electricity markets in an intelligent and profitable way.

CleantechClimate TechEnergy

Eyrún Linnet(Co-founder)Íris Baldursdóttir(Co-founder)

SnerpaPower

Offices in Reykjavik, Oslo, and Stockholm.

Workableworkable.com𝕏

Workable is an all-in-one HR platform used by over 35,000 companies to recruit, hire, and manage employees.

AI & Machine LearningEnterprise SoftwareHR TechSaaSBoston, US

J. William A. Lee(Director)Michael A. Belshe(Executive Officer, Director)Matthew A. Cowan(Director)Jeff A. Brody(Director)Stratton A. Sclavos(Director)David A. Sacks(Director)

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.

Frequently asked questions

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 $200K – $2M.
What sectors does Crowberry Capital focus on?
Crowberry Capital focuses on Sector Agnostic.
Where is Crowberry Capital located?
Crowberry Capital is headquartered in Reykjavik, IS.

Media · Podcasts & interviews

featuring the team

Ep#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

Crowberry Capital photoCrowberry Capital photo

Co-investors · 7

Maki.vc

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.

Both backed · 1
$324K – $3.2M
Plug and Play Ventures

Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities to drive innovation.

$50K – $12M
foobar.vc

Foobar is a technology and climate investment firm founded by David Helgason, the former CEO of Unity. The firm invests across all stages of technology startups with a particular focus on climate change mitigation and sustainable solutions.

River Venture Partners

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.

Inreach Ventures

InReach Ventures is an early-stage venture firm using its own AI platform to source and back Europe's most promising founders, investing at MVP stage with signs of user engagement.

$615K – $2.5M
Luminar Ventures

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.

$550K – $2.8M
PeakSpan Capital Partners

PeakSpan Capital is a growth-stage investment firm focused on partnering with Applied AI B2B software scale-ups, typically from $3M to $50M+ ARR, offering operational support to help companies scale.

$3M – $50M

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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