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Frumtak Ventures

Kringlan 7, Reykjavík, Gullbringusysla, 103, Iceland

Overview

Venture capital firm supporting early-stage founders with high potential.

Founded

2008

Deals · 12mo

4

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Iceland
United Kingdom

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

23rounds
NAMEDATESIZE
50skills
Sep 2026Led
$6 MOther Equity
Treble
Sep 2026Participated
$18 MSeries A
MyDello
Dec 2025Led
$4 MOther Equity
Euler
Nov 2025Led
$2 MSeed
Optise
Apr 2025Led
$2 MSeed
Moombix
Oct 2024Led
$3 MSeed
AviLabs
Oct 2024Led
$9 MOther Equity
Treble
Sep 2024Participated
$12 MSeries A
PLAIO
Aug 2024Participated
$5 MOther Equity
Treble
Dec 2022Led
$8 MSeed
50skills
May 2022Led
$3 MOther Equity
EMPower
May 2022Led
$2 MSeed
50skills
Sep 2026Led
$6 MOther Equity
Treble
Sep 2026Participated
$18 MSeries A
MyDello
Dec 2025Led
$4 MOther Equity
Euler
Nov 2025Led
$2 MSeed
Optise
Apr 2025Led
$2 MSeed
Moombix
Oct 2024Led
$3 MSeed
AviLabs
Oct 2024Led
$9 MOther Equity
Treble
Sep 2024Participated
$12 MSeries A
PLAIO
Aug 2024Participated
$5 MOther Equity
Treble
Dec 2022Led
$8 MSeed
50skills
May 2022Led
$3 MOther Equity
EMPower
May 2022Led
$2 MSeed
23
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Insights

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Deal Distribution

Frumtak Ventures: 23 funding rounds are recorded in the selected participation categories.All available history.
Frumtak Ventures: 23 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed70
Series A23
Series B02
Other Equity63

Monthly Deal Activity

Frumtak Ventures: 23 deals are recorded across 125 months.All available history.
Frumtak Ventures: 23 deals are recorded across 125 months. All available history
MonthDeals
Jun '161
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '171
Mar '170
Apr '171
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '201
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '211
Jan '221
Feb '220
Mar '220
Apr '220
May '223
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '241
Sep '241
Oct '242
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '262
Oct '260

Sector Breakdown

Frumtak Ventures: Enterprise Software is the largest displayed sector by deal count (10 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Frumtak Ventures: Enterprise Software is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Enterprise Software10
Networks, Cloud & Communication10
Health & Life Sciences6
AI & Machine Learning5
Data, Analytics & IT4
AR/VR3
Fintech3
Transportation & Logistics2
Manufacturing2
Professional Services2
Developer Tools2
Travel & Hospitality1
Education & Workforce1
Government & Defense1
E-Commerce & Retail1
Media & Entertainment1
Social & Community Platforms1

Deal Size Distribution

Frumtak Ventures: 23 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Frumtak Ventures: 23 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M5
$10M-$25M5
$25M-$50M0
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Frumtak Ventures: Europe has the largest recorded deal count among the displayed regions (22 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Frumtak Ventures: Europe has the largest recorded deal count among the displayed regions (22 deals). All available history
RegionDeals
Europe22
United States1
Frumtak Ventures: 20 co-investors are shown, with Industrifonden sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Frumtak Ventures: 20 co-investors are shown, with Industrifonden sharing 3 recorded deals. All available history
Co-investorShared deals
Industrifonden3
Velocity Capital3
Asabys Partners2
EIC Fund2
Groupe BPCE2
KOMPAS VC2
Novator2
Omega ehf.2
UniCredit2
Wellington Partners2
Avant1
Crédit Agricole1
Dr. Agon1
DRD Investments1
European Innovation Council1
Iðunn1
Isl d sbanki1
Kjolfesta1
Knollwood Investment Advisory1
Kvanted1

Investment Strategy

Frumtak Ventures: Led accounts for 65% and participating for 35% of round participation.All available history.
Frumtak Ventures: Led accounts for 65% and participating for 35% of round participation. All available history
CategoryDeals (count)Share (%)
Led1565%
Participating835%
Frumtak Ventures: Single-lead accounts for 73% and co-led for 27% of lead dynamics.All available history.
Frumtak Ventures: Single-lead accounts for 73% and co-led for 27% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1173%
Co-led427%

Team

Andri Heidar Kristinsson

General Partner

Asthildur Otharsdottir

Partner

Eggert Claessen

Founding Partner

Rakel Sigurðardottir

CFO

Svana Gunnarsdottir

Founding Partner