Frumtak Ventures
Venture capitalReykjavík · Seed–Late Stage · 11 people tracked
Find your way into Frumtak Ventures
1,731 people in our graph share verified history with the Frumtak Ventures team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Frumtak Ventures champions founders who have shown early traction and the potential to become global leaders in their markets. The firm takes a concentrated, high-conviction and high-involvement approach, dedicating itself to collaborative, hands-on support of portfolio companies from the seed stage through to IPO. Its investment process is consensus-driven, involving pitches to all partners and a board of business leaders, followed by top-to-bottom due diligence discussed as a team. Beyond capital, Frumtak positions itself as an active partner from day one, aiming to be a founder's first call for help in both good and difficult times.
Source: firm website, verified Aug 3, 2026.
Team · 11 people
from the firm's website & public directories
What they invest in
from 22 of 33 portfolio companiesSaaS ×16AI & Machine Learning ×10Enterprise Software ×6Consumer ×4Data & Infrastructure ×4Logistics & Supply Chain ×4Advanced Manufacturing ×3Marketing Tech ×3
HQs:Iceland×7United Kingdom×2United States×1
Investments · 33 tracked
founders shown can be your intro pathBy year:2024 · 22021 · 12020 · 14 dated
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-investorsCrowberry Capital
ActivityStream provides visitor experience management tools for event teams, covering engagement across the entire event lifecycle from pre-show planning through post-event follow-up.
Data & InfrastructureEnterprise SoftwareMarketing TechSaaS
Ankeri AI provides an AI-powered assistant for maritime operations that answers questions and enables decision-making across chartering, fleet management, and compliance workflows.
AI & Machine LearningData & InfrastructureLogistics & Supply ChainSaaS
KristinnLeifur
Arctic Trucks re-engineers premium four-wheel-drive vehicles with specialized modifications and engineering improvements for extreme terrain and adventure driving.
Advanced ManufacturingHardwareMobility & TransportationWarwick, GB
AviLabs develops software and services for airlines to manage passenger disruptions caused by delays and cancellations.
Enterprise SoftwareSaaSReykjavik, IS
Steinar Karl KristjánssoninSveinn Akerliein
Co-investorsBrunnur Ventures GP
Controlant provides digital monitoring and tracking solutions for pharmaceutical supply chains, enabling secure delivery and storage management of pharmaceutical products globally.
HealthtechIoTLogistics & Supply ChainKópavogur, IS
Gisli Herjolfsson(Founder)inErlingur Brynjulfsson(Founder)in
BoardÁsthildur Otharsdóttir(Vice-Chairman)inMagnús Magnússon(Board Member)inSøren Skou(Chairman)Michele Holcomb(Board Member)
Data Dwell is a digital asset management (DAM) platform that lets teams store, search, and share files with AI-powered auto-tagging, customizable metadata, role-based permissions, and shareable portals.
AI & Machine LearningMarketing TechSaaS
Fabra offers a 3D design editor that lets designers work from product templates to test fits, colors, fabrics, and graphics, then generate tech packs to share with manufacturers.
Advanced ManufacturingConsumerDeveloper ToolsRetail TechSaaSOrmond Beach, US
Nick Manks(Co-founder)inGloria(Co-founder)Luke(Co-founder)
Co-investorsRLC VenturesAsabys PartnersJanuary CapitalNovatorSide Stage Ventures
Sweeply provides a platform for hotel operations management designed to simplify communication and coordination tasks like housekeeping and turnovers.
Enterprise SoftwareFuture of WorkSaaSTravel & Hospitality
Petur Orri Sæmundsen(Co-founder and former CEO)
Voyage is a cruise and rail inventory and booking management platform built on Salesforce that enables travel operators to manage cabin categories, pricing, and reservations through guided workflows and real-time availability updates.
AI & Machine LearningB2B MarketplacesSaaSTravel & HospitalityLondon, GB
Vidar Svanssonin
Co-investorsCapital A PartnersNew Business Venture FundVEX
Meniga provides transaction data enrichment and analytics for financial institutions, transforming raw transaction strings into actionable customer spending insights and merchant information across multiple countries.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaS
Piotr Tybura(Chief Technology Officer)in
Co-investorsAnthemis VentureBootstrap EuropeIndustrifondenVelocity Fintech Ventures
MyDello is a logistics platform that enables companies to order and manage shipments across all freight modes with instant quotes and guaranteed pricing.
Logistics & Supply ChainSaaS
Co-investorsSuperhero Capital
PLAIO offers demand planning software that uses machine learning and statistical models to forecast future demand by analyzing historical data and market inputs, serving businesses across industries including pharmaceuticals.
AI & Machine LearningBiotechEnterprise SoftwareLogistics & Supply ChainSaaS
Sidekick develops digital therapeutics (DTx) programs for people with chronic conditions such as oncology, cardiovascular, metabolic, and inflammatory diseases, using gamification, behavioral psychology, and behavioral economics to improve health outcomes.
AI & Machine LearningDigital HealthHealthtechWellness & Fitness
Co-investorsAsabys Partners
Smitten is a dating app that emphasizes personality-based matching and interactive games to make dating more enjoyable.
ConsumerSocial
Asgeir Visir(Founder)in
Co-investorsbyFoundersMakers FundPossible Ventures
Smitten is a dating app that uses personality games, challenges, and interactive search features to help users find matches based on compatibility and shared interests rather than superficial criteria.
ConsumerMarketplaces
David Simonarson(Founder)in
Co-investorsBrunnur Ventures GPbyFoundersMakers FundPossible VenturesSharrp Ventures
Treble Technologies develops sound simulation software and technology for engineers and designers in AI, consumer electronics, built environments, and automotive sectors to optimize acoustic performance in product design.
AI & Machine LearningDeep TechSaaSReykjavík, IS
Dr. Finnur Pind(CEO & Founder)Jesper Pedersen(Chief Engineer & Founder)inGunnar P. Hauksson(CCO & Co-Founder)inIngimar Andersen(CTO & Co-Founder)in
Tulipop designs and sells children's products such as plush toys, lamps, cutlery sets, luggage tags, and iron-on patches based on its cast of mushroom-themed monster characters like Fred, Bubble, Gloomy, and Maddy.
ConsumerDirect to ConsumerE-commerce
Helga Arnadottir(Founder)inSigný Kolbeinsdóttir(Founder)in
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AblerAgr DynamicsComplete fleet overviewDatamarketEulerHeimaMainmanagerMoombixSidekickSweeplyValka
Portfolio news
latest coverage across their companiesTreble · eu-startups.com · Sep 17, 2026
Meniga · trysignalbase.com · Mar 24, 2026
Fabra · businessnewsaustralia.com · Nov 11, 2025
Optise · founderstoday.news · Apr 10, 2025
Frequently asked questions
- How many investments has Frumtak Ventures made?
- Frumtak Ventures has 33 tracked investments, including 1 dated in the last 24 months.
- What stage does Frumtak Ventures invest at?
- Frumtak Ventures invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is Frumtak Ventures's typical check size?
- Frumtak Ventures typically writes checks of $1.1M – $3.2M.
- What sectors does Frumtak Ventures focus on?
- Frumtak Ventures focuses on Consumer, EdTech, Enterprise Software, Fintech, New Materials, Retail Tech, SaaS, Sector Agnostic.
- Where is Frumtak Ventures located?
- Frumtak Ventures is headquartered in Reykjavík, IS.
- Does Frumtak Ventures lead rounds?
- Yes, Frumtak Ventures leads investment rounds.
- Who does Frumtak Ventures co-invest with?
- Frumtak Ventures most often shares deals with byFounders, Capital A Partners, Crowberry Capital, among 5 tracked co-investors.
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