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.

Where is Frumtak Ventures located?

Frumtak Ventures is headquartered in Reykjavík, IS.

Does Frumtak Ventures lead rounds?

Yes, Frumtak Ventures leads investment rounds.

Frumtak Ventures

Venture capital

Reykjavík · Seed–Late Stage · 12 people tracked

★ Follow + Add to CRM ⤳ Find an introduction

✨ Fox Verdict

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.

Invests inConsumer EdTech Enterprise Software Fintech New Materials Retail Tech SaaS Sector AgnosticEuropeGlobalIcelandUnited KingdomUnited States

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Check

$1.1M – $3.2M

Reykjavík, IS

Leads rounds

Leads

Instruments

Equity

Founded

2008

AUM

$207M

Tracked investments

Team · 12 people

from the firm's website & public directories

Eggert Claessen· Partner Emeritus

Andri Heiðar Kristinsson· General Partner· Reykjavík, Capital Region, Icelandin

Andri Heiðar Kristinsson blends experience as a repeat founder (Travelade), ex-CEO of Digital Iceland and former LinkedIn product leader, and is a former national-level swimmer with venture capital experience.

a•••@frumtak.isreveal

Ásthildur Otharsdóttir· General Partner· Icelandin

Ásthildur Otharsdóttir brings a decade leading global M&A and fundraising at Össur plus seven years as chair of listed industrial tech company Marel, offering uncommon boardroom credibility for scaling companies.

a•••@frumtak.isreveal

Svana Gunnarsdóttir· Managing Partner· Icelandin

Svana Gunnarsdóttir, an early architect of Iceland's VC landscape, combines international experience and hands-on board roles while working with mission-driven teams solving practical problems in logistics, health and HR.

s•••@frumtak.isreveal

Fróði Steingrímsson· Chief Legal Officer

Magnús Magnússon· Board Member· Reykjavík, Icelandin

Deputy CEO of Hagar, a listed Icelandic retailer. He holds an M.Eng. in Industrial Engineering & Operations Research from UC Berkeley and a B.Sc. in Industrial Engineering from the University of Iceland, with prior roles as an independent consultant, head of Marel's strategy team, a consultant at McKinsey & Company, and at AGR Dynamics.

f•••@frumtak.isreveal

Magnús Þór Torfason· Chairman of the Board

Sigga· Reykjavík, Iceland

Financial services executive with 25+ years of experience driving digital transformation at major institutions. Currently MD of Consumer Services at Experian and soon to become Global Head of Digital at HSBC. Previously held senior roles at Tesco Bank and Santander UK, and serves on the board of Autotrader PLC. Holds a doctorate in leadership and innovation from Manchester Business School, an MBA from IESE, and a BS in Marketing.

Sigríður· Board Member

A financial services executive with over 25 years of experience driving digital transformation at Fortune 500 and FTSE 100 companies. She has held senior roles including MD of Consumer Services at Experian, Chief Customer and Banking Officer at Tesco Bank, and Chief Customer and Innovation Officer at Santander UK, and also serves on the board of Autotrader PLC.

Sigridur Sigurdardottir· Board Member

Brynja I. Eyjólfsdóttir· Analyst

b•••@frumtak.isreveal

Rakel Sigurðardóttir· Chief Financial Officer

r•••@frumtak.isreveal

What they invest in

from 15 of 35 portfolio companies

SaaS ×10AI & Machine Learning ×5Logistics & Supply Chain ×3Marketing Tech ×3Consumer ×2Data & Infrastructure ×2Future of Work ×2Healthtech ×2

HQs:Iceland×1

Investments · 35 tracked

founders shown can be your intro path

50Skills50skills.comin 𝕏

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

Ablerabler.io

Activity Stream

Activitystreamactivitystream.comin

Activity Stream offers Encore Pro, a software platform for live event professionals that provides analytics tracking, marketing campaign creation, audience experience tools, and operations management.

Data & InfrastructureMarketing TechSaaS

Agr Dynamics

Aldaalda.coin

Alda is a workplace platform for diversity, equity and inclusion (DEI) that gives managers tailored recommendations, action plans, benchmarking, and gamified micro-learning based on their organization's data.

Future of WorkHR TechSaaS

Ankeriankeri.netin

Ankeri provides a software platform for the shipping industry, offering tools related to time charter execution and vessel performance data.

Data & InfrastructureLogistics & Supply ChainSaaS

Arctic Trucks

Arctictrucksarctictrucks.comin 𝕏

Arctic Trucks modifies and engineers off-road vehicles for extreme terrain, drawing on nearly 30 years of experience, and sells related parts and accessories.

Advanced ManufacturingHardwareMobility & Transportation

Avilabsavilabs.isin

AviLabs develops software and services for airlines to manage passenger disruptions caused by delays and cancellations.

Enterprise SoftwareSaaSReykjavik, IS

Complete fleet overview

Controlantcontrolant.comin

Controlant provides IoT monitoring devices, a real-time visibility platform, and 24/7 monitoring services to give pharmaceutical companies and logistics providers end-to-end supply chain visibility and automated quality documentation.

HealthtechIoTLogistics & Supply Chain

Data Dwell

Datadwelldatadwell.com

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

Datamarket

Euler

Euler3Deuler3d.com

Getsweeplygetsweeply.com

Sweeply provides operations management software for hospitality businesses to organize staff and tasks across housekeeping, guest services, maintenance, incidents, and security.

Future of WorkSaaSTravel & Hospitality

Heima

Kaptio

Mainmanager

Menigameniga.comin

Moombixmoombix.com

Mydellomydello.comin

Optiseoptise.comin

Optise builds a website optimization tool that turns web data into clear recommendations and simple updates for B2B marketing teams to improve lead generation.

AI & Machine LearningMarketing TechSaaS

Ómar Thor(CEO)Vignir(CTO)Hilmar(CPO)

Plaioplaio.comin

Plaio provides a supply chain planning platform built for the pharmaceutical industry, unifying demand forecasting, supply planning, and production scheduling in one workflow.

AI & Machine LearningLogistics & Supply ChainSaaS

Sidekick

Sidekickhealthsidekickhealth.comin 𝕏

Sidekick Health develops a digital health platform for multi-chronic condition management and personalized care experiences, delivering patient education and lifestyle support for conditions such as IBD, rheumatoid arthritis, and dermatological disease.

Digital HealthHealthtechWellness & Fitness

Smittensmittendating.com

Smitten is a dating app that emphasizes personality-based matching and interactive games to make dating more enjoyable.

ConsumerSocial

Smittensmitten.fun

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

Sweeply

Trackwell

Trebletreble.techin

Treble builds a cloud-based acoustic simulation platform, offering a web application and a Python SDK that use a hybrid wave-based and geometrical acoustics engine for high-fidelity sound modeling.

AI & Machine LearningDeep TechSaaS

Tulipoptulipop.com

Valka

Frequently asked questions

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.

Images

Similar investors

Alibaba Entrepreneurs Fund

Alibaba Entrepreneurs Fund is a non-profit organization established by Alibaba Group in 2015 that invests in entrepreneurs and startups based in Hong Kong and Taiwan.

$1.2M – $150M

Blume Ventures

Blume Ventures is a seed and pre-Series A investment firm headquartered in Mumbai that focuses on early-stage companies in India.

$650K – $36M

bValue Venture Capital

bValue is a technology investor backing companies led by entrepreneurs, supporting innovation and digitalisation across Central and Eastern Europe. It operates both venture and growth investment strategies.

$5.4M – $16.2M

Advent International

Advent International is a global private equity firm that partners with management teams to build market leaders through buyouts, corporate carve-outs, and value creation across selected sectors.

$1.1B

AirTree Ventures

AirTree Ventures runs the Pioneers community, a program supporting women and gender-diverse operators, founders and aspiring founders working in high-growth startups, offering mentorship, events and access to the AirTree team.

$132K – $16.5M