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Frumtak Ventures

Venture capital

Reykjavík · Seed–Late Stage · 11 people tracked

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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.

Stage
Seed–Late Stage
Check
$1.1M – $3.2M
HQ
Reykjavík, IS
Leads rounds
Leads
Instruments
Equity
Founded
2008
AUM
$207M
Tracked investments
32

Team · 11 people

from the firm's website & public directories
Fróði Steingrímsson· Chief Legal Officer
Magnús Þór Torfason· Chairman of the Board

What they invest in

from 21 of 32 portfolio companies

SaaS ×14AI & Machine Learning ×8Logistics & Supply Chain ×4Consumer ×3Data & Infrastructure ×3Marketing Tech ×3Advanced Manufacturing ×2Enterprise Software ×2

HQs:United Kingdom×1Iceland×1

Investments · 32 tracked

founders shown can be your intro path
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

Co-investorsCrowberry Capital

Ablerabler.io
Activity Streamactivitystream.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 Trucksarctictrucks.comin𝕏

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

Co-investorsBrunnur Ventures GP

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 Dwelldatadwell.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.comin

Euler provides software-only process monitoring for metal additive manufacturing, analyzing powder-bed layer camera images in real time to detect and predict defects and reduce build-to-build variability.

Advanced ManufacturingAI & Machine LearningSaaS

Co-investorsKvanted

Getsweeplygetsweeply.comin

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
Kaptiokaptio.comin

Kaptio provides travel technology and AI agents ("AI Teammates") for selling and operating multi-day travel experiences, handling product content, supplier information, cancellation policies and availability rules.

AI & Machine LearningSaaSTravel & HospitalityLondon, GB

Co-investorsCapital A Partners

Mainmanager
Menigameniga.comin𝕏

Meniga provides a hyper-personalised banking platform that turns transaction data into AI-driven insights, notifications, and personalised experiences for banks and financial institutions.

AI & Machine LearningFintechSaaS

Piotr Tybura(Chief Technology Officer)

Co-investorsAnthemis VentureBootstrap EuropeIndustrifondenVelocity Fintech Ventures

Moombixmoombix.com
Mydellomydello.comin

MyDello is a logistics service that arranges international freight shipping, handling supplier communication, pickup, customs clearance, and delivery for importers.

Logistics & Supply Chain

Co-investorsSuperhero Capital

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
Sidekick Healthsidekickhealth.comin𝕏

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

Co-investorsAsabys Partners

Smittensmittendating.com

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 Fund

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

Co-investorsBrunnur Ventures GP

Sweeply
Trackwelltrackwell.comin

Trackwell builds software that captures mobile data and turns it into structured business intelligence, along with custom enterprise application development, API integration, and analytics services.

Data & InfrastructureEnterprise SoftwareSaaS

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.comin

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

Valka

Portfolio news

latest coverage across their companies
Meniga Raises $16.4M in | Signalbase

Meniga · trysignalbase.com · Mar 24, 2026

Frequently asked questions

How many investments has Frumtak Ventures made?
Frumtak Ventures has 24 tracked investments.
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 Capital A Partners, Crowberry Capital, Makers Fund, among 4 tracked co-investors.

Images

Frumtak Ventures photo

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