Frumtak Ventures
Venture capitalReykjavík · Seed–Late Stage · 11 people tracked
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 directoriesWhat they invest in
from 21 of 32 portfolio companiesSaaS ×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 path50skills 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
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
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 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
AviLabs develops software and services for airlines to manage passenger disruptions caused by delays and cancellations.
Enterprise SoftwareSaaSReykjavik, IS
Co-investorsBrunnur Ventures GP
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 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
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
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
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
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
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
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
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
Portfolio news
latest coverage across their companiesMeniga · 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.
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