How many investments has Iceland Venture Studio made?

Iceland Venture Studio has 10 tracked investments.

What stage does Iceland Venture Studio invest at?

Iceland Venture Studio invests at the Pre-Seed, Seed, Series A stages.

What is Iceland Venture Studio's typical check size?

Iceland Venture Studio typically writes checks of $25K – $200K.

Where is Iceland Venture Studio located?

Iceland Venture Studio is headquartered in Reykjavík, IS.

Who does Iceland Venture Studio co-invest with?

Iceland Venture Studio most often shares deals with Entrepreneurs Roundtable Accelerator (ERA), Evolution Ventures, Goose Valley Ventures, among 4 tracked co-investors.

Iceland Venture Studio

Venture studio

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

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Investment thesis

Iceland Venture Studio operates as a company builder that partners directly with founders from idea stage through exit. Rather than simply picking founders, the studio takes an active role in mentoring and coaching teams across technology design and development, strategy, business development, recruiting and operations. It offers a 'Developer's Ecosystem' of multidisciplinary talent and a 'Capital Ecosystem' of VCs and angels who invest alongside the studio. Its philosophy centers on a changing technology landscape driven by customer centricity, viewing personal data, privacy and security as mega-trends ripe for decentralization.

Invests inAI & Machine Learning Biotech Crypto & Web3 Cybersecurity Deep Tech Energy Fintech Future of Work Mental HealthSector AgnosticGlobal Iceland

Source: firm website, verified Aug 16, 2026.

Stage

Pre-Seed–Series A

Check

$25K – $200K

Reykjavík, IS

Instruments

Equity

Founded

2018

AUM

$40M

Tracked investments

Team · 7 people

from the firm's website

Bala Kamallakharan· Founder

Founder and CEO of Startup Iceland and co-founder of Dattaca Labs, with a track record of early-stage investing and mentoring. He chaired the board of CLARA (acquired by Jive Software) and invested in ventures including Buuteeq, Mattermark and Genome Compiler.

Freyr Hólm Ketilsson· Co-founder

Co-founded Dattaca Labs with Bala Kamallakharan and has held business development, marketing and management roles. He was previously innovation manager at Vodafone IS, founded an eMarketing company, served as CMO of Remake Electric, and was part of the founding team of Cleantech Iceland.

Ari Jonsson· Investment Board

President of Reykjavik University and holder of a Stanford PhD in computer science focused on AI and autonomous decision-making. He was a research scientist at NASA Ames and serves on the boards of several Icelandic startups.

Bre Pettis· Investment Board / Investor

American entrepreneur and investor best known as co-founder and former CEO of MakerBot Industries (now part of Stratasys). He now runs Bantam Tools, making desktop PCB manufacturing machines, and is an investor in the Venture Studio.

Dr. Ari Jonsson· Investment Board

President of Reykjavik University with a Stanford Computer Science doctorate focused on AI and autonomous decision-making. He previously worked as a research scientist at NASA Ames and serves on the boards of several Icelandic startups.

Ingrid Vanderveldt· Investment Board

Tech entrepreneur, investor and philanthropist who founded Empowering a Billion Women by 2020, MintHER and Vanderveldt Global Investments, and heads the IV Credit Fund. She was previously the first Entrepreneur-in-Residence at Dell, where she built a business segment and founded the Dell Innovators Credit Fund.

Magnús Bjarnason· Investment Board

Founder of MAR Advisors and former MD of corporate finance at Kvika bank, with prior leadership roles at Landsvirkjun, Glitnir and Glacier Partners. He has been CEO of Icelandic Group and served on numerous boards; he holds an MBA from Thunderbird and a B.Sc. in Banking & Finance.

What they invest in

from 6 of 10 portfolio companies

Hardware ×2AI & Machine Learning ×1Cleantech ×1Consumer ×1Cybersecurity ×1Deep Tech ×1EdTech ×1Enterprise Software ×1

HQs:Iceland×2India×1

Investments · 10 tracked

founders shown can be your intro path

6degrees6degrees.tech

6degrees builds a wearable device that converts human motion into digital commands, giving users full control over smart devices and digital platforms.

HardwareHealthtechIoT

Atlasprimeratlasprimer.com

Co-investorsEntrepreneurs Roundtable Accelerator (ERA)

Buuteeq

Marketplace for boutique hotels; acquired by Priceline.com.

CLARA

Text analytics company; acquired by Jive Software (NASDAQ:JIVE).

Expertronsexpertrons.com in 𝕏

Expertrons operates an AI-powered videobot technology platform that connects job seekers and students with career experts for guidance, mentorship, and placement support.

AI & Machine LearningEdTechFuture of WorkHR TechMumbai, IN

Co-investorsHyderabad Angels

Flow VRflow.is

Flow is a meditation and wellbeing platform offering guided meditation, music, and nature sounds set in immersive Icelandic nature scenes, available via virtual reality, mobile app, and web.

HardwareMental HealthWellness & Fitness

Tristan Elizabeth Gribbin(Founder)

Indóindo.is in

indó is an Icelandic digital banking service offering consumer accounts with no transaction fees, customizable savings accounts ("sparibaukar") with automated saving features, and better foreign exchange rates when spending abroad.

ConsumerFintech

Co-investorsEvolution Ventures Goose Valley Ventures

Nanomnnom.com

Nanom uses a patented top-down accelerator technology to convert micron-scale materials into controlled nanoparticles engineered for conductivity, porosity, and energy efficiency, used in batteries, electronics, and other products.

CleantechDeep TechNew Materials

RAADraad360.com

RAAD offers a risk resiliency platform aimed at helping organizations achieve ongoing operational resiliency.

CybersecurityEnterprise SoftwareSaaS

Retina Riskretinarisk.com

Frequently asked questions

How many investments has Iceland Venture Studio made?: Iceland Venture Studio has 10 tracked investments.
What stage does Iceland Venture Studio invest at?: Iceland Venture Studio invests at the Pre-Seed, Seed, Series A stages.
What is Iceland Venture Studio's typical check size?: Iceland Venture Studio typically writes checks of $25K – $200K.
What sectors does Iceland Venture Studio focus on?: Iceland Venture Studio focuses on AI & Machine Learning, Biotech, Crypto & Web3, Cybersecurity, Deep Tech, Energy, Fintech, Future of Work, Mental Health, Sector Agnostic.
Where is Iceland Venture Studio located?: Iceland Venture Studio is headquartered in Reykjavík, IS.
Who does Iceland Venture Studio co-invest with?: Iceland Venture Studio most often shares deals with Entrepreneurs Roundtable Accelerator (ERA), Evolution Ventures, Goose Valley Ventures, among 4 tracked co-investors.

Images

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