FundedIQ

Funded Startups in Gullbringusysla

Disclosed funding amounts in Gullbringusysla show a wide spread: the largest disclosed round is Kvika at $227M (2025-05-23), which dwarfs the next-largest…

Disclosed funding amounts in Gullbringusysla show a wide spread: the largest disclosed round is Kvika at $227M (2025-05-23), which dwarfs the next-largest disclosed amounts that sit at $40M (Controlant, 2023-09-14; Oculis, 2023-06-01) and $55M (Sidekick Health, 2022-05-05). At the low end, the smallest disclosed amount is $500K, seen in both Flygildi ehf’s $2M? (no) — the actual $500K rounds are Loki Foods (Pre-Seed, 2022-08-09) and Flow (2020-07-10).

Rounds cluster tightly in Reykjavík across multiple years, and several dates concentrate near 2022 and 2024. Out of 43 rows, there are 5 entries with undisclosed or missing amounts (“undisclosed” at KuraTech on 2024-03-05, plus 3 other “” stage entries with amounts shown and 1 with “Undisclosed” classification at Spectaflow on 2022-01-05). By classification, “Series Unknown” appears repeatedly (e.g., Kvika 2025-05-23; Controlant 2023-09-14; Hefring Marine 2024-05-22), and the list spans 2020-07-10 (Flow) through 2025-05-23 (Kvika).

Most recent rounds

43 shown
K
Kvika
Reykjavík, Iceland · Financial Services
Series Unknown · May 2025
$227M
O
Optise
Reykjavík, Iceland · Artificial Intelligence (AI)
Pre-Seed · Apr 2025
$2.2M
E
Evolytes
Reykjavík, Iceland · Apps
Seed · Apr 2025
$1.4M
K
Kaptio
Kópavogur, Iceland · Information Technology
Series Unknown · Dec 2024
$2.5M
M
Moombix
Reykjavík, Iceland · Education
Seed · Oct 2024
$2.5M
P
Porcelain Fortress
Reykjavík, Iceland · Gaming
Seed · Sep 2024
$3.0M
T
Treble
Reykjavík, Iceland · Hardware
Series A · Sep 2024
$12M
P
PLAIO
Reykjavík, Iceland · Health Care
Seed · Aug 2024
$4.7M
H
Hefring Marine
Reykjavík, Iceland · Internet Services
Series Unknown · May 2024
$2.4M
P
PLAY
Reykjavík, Iceland · Transportation
Series Unknown · Apr 2024
$32M
K
KuraTech
Reykjavík, Iceland · Software
· Mar 2024
Undisclosed
F
Flygildi ehf
Reykjavík, Iceland · Consumer Electronics
Seed · Sep 2023
$2.2M
R
Rocky Road
Reykjavík, Iceland · Gaming
Seed · Sep 2023
$3.0M
C
Controlant
Reykjavík, Iceland · Internet Services
Series Unknown · Sep 2023
$40M
T
Travelshift
Reykjavík, Iceland · Commerce and Shopping
Series Unknown · Aug 2023
$10M
D
DTE ehf
Reykjavík, Iceland · Artificial Intelligence (AI)
Series A · Jun 2023
$10M
O
Oculis
Reykjavík, Iceland · Biotechnology
Series Unknown · Jun 2023
$40M
G
Glaze
Reykjavík, Iceland · Software
Seed · Mar 2023
$1.1M
T
Tulipop
Reykjavík, Iceland · Commerce and Shopping
Series Unknown · Mar 2023
$1.8M
L
LearnCove
Reykjavík, Iceland · Software
Series Unknown · Jan 2023
$910k
E
Esports Coaching Academy
Reykjavík, Iceland · Education
Pre-Seed · Nov 2022
$750k
S
Smitten
Reykjavík, Iceland · Other
Series A · Sep 2022
$10M
A
Abler
Reykjavík, Iceland · Sports
Seed · Sep 2022
$3.7M
M
Memento Payments
Reykjavík, Iceland · Financial Services
Venture - Series Unknown · Sep 2022
$1.2M
L
Loki Foods
Reykjavík, Iceland · Food and Beverage
Pre-Seed · Aug 2022
$500k
C
Carbfix
Reykjavík, Iceland · Professional Services
Grant · Jul 2022
$117M
L
Lucinity
Reykjavík, Iceland · Artificial Intelligence (AI)
Series B · Jul 2022
$17M
O
Overtune
Reykjavík, Iceland · Apps
Seed · Jul 2022
$2.0M
3
3Z Pharmaceuticals
Reykjavík, Iceland · Data and Analytics
Seed · Jun 2022
$2.0M
E
Empower
Reykjavík, Iceland · Professional Services
Seed · May 2022
$2.3M
G
Good Good
Reykjavík, Iceland · Food and Beverage
Series B · May 2022
$20M
5
50skills
Reykjavík, Iceland · Administrative Services
Seed · May 2022
$2.6M
S
Sidekick Health
Reykjavík, Iceland · Health Care
Series B · May 2022
$55M
K
Kara Connect
Reykjavík, Iceland · Administrative Services
Venture - Series Unknown · May 2022
$6.3M
A
Arctic Theory
Reykjavík, Iceland · Gaming
Seed · Mar 2022
$2.0M
S
Spectaflow
Reykjavík, Iceland · Information Technology
Undisclosed · Jan 2022
$1.9M
P
PLAIO
Reykjavík, Iceland · Health Care
Seed · Dec 2021
$2.3M
A
Ankeri Solutions
Reykjavík, Iceland · Data and Analytics
Seed · Oct 2021
$2.3M
E
EpiEndo Pharmaceuticals
Reykjavík, Iceland · Health Care
Series A · Aug 2021
$23M
A
Artic Green Energy
Reykjavík, Iceland · Energy
Private Equity · Jul 2021
$240M
A
Alvotech
Reykjavík, Iceland · Biotechnology
Venture - Series Unknown · Mar 2021
$35M
G
GRID
Reykjavík, Iceland · Software
· Aug 2020
$10M
F
Flow
Reykjavík, Iceland · Education
· Jul 2020
$500k

Related listings

Frequently asked

What stands out on round size, and how does the top disclosed deal compare to the rest?

The largest disclosed amount is Kvika at $227M on 2025-05-23, far above the next-largest disclosed amounts of $55M (Sidekick Health, 2022-05-05) and $40M (Controlant, 2023-09-14; Oculis, 2023-06-01). Several other sizable disclosed rounds cluster much lower, such as Treble at $12M (2024-09-03) and PLAY at $32M (2024-04-11).

Are there meaningful date clusters among the most recent rounds shown?

A large share of entries fall in 2022 and 2024: for example, multiple Seed/Series A rounds appear around mid-2022 (Lucinity $17M on 2022-07-07; Good Good $20M on 2022-05-16; Sidekick Health $55M on 2022-05-05). The newest window is concentrated in 2025 and late 2024, with Kvika’s $227M on 2025-05-23 followed by multiple $1M–$5M rounds in April 2025 (e.g., Optise $2M on 2025-04-09).

Which sectors show up often enough to matter in this list?

Software appears repeatedly (e.g., Glaze $1M on 2023-03-13; LearnCove 2023-01-24 for $910K; GRID $10M on 2020-08-26). Health Care is also recurrent (PLAIO appears twice: $5M on 2024-08-14 and $2M on 2021-12-15; plus EpiEndo Pharmaceuticals at $23M on 2021-08-18).

How concentrated is geography, and is there any city-level split within Gullbringusysla?

Geography is dominated by Reykjavík across the rows, including Kvika (Reykjavík, 2025-05-23 $227M), Controlant (Reykjavík, 2023-09-14 $40M), and Sidekick Health (Reykjavík, 2022-05-05 $55M). The main deviations are Kópavogur (Kaptio on 2024-12-06 for $3M) while most other entries explicitly list Reykjavík.

Are there stage/label outliers that would affect outreach or diligence prioritization?

Kvika’s $227M (Series Unknown, 2025-05-23) is the clearest size outlier, while several entries sit in very similar lower bands (often $1M–$3M), such as Evolytes $1M on 2025-04-04 and Optise $2M on 2025-04-09. Stage labels also show uncertainty patterns: multiple entries are tagged “Series Unknown” (e.g., Hefring Marine 2024-05-22 $2M; Travelshift 2023-08-29 $10M), which may require extra verification when mapping deal timing.

Free · Every Monday

Know which startups just got funded. Every week.

Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.

Free. Sent every Monday. Unsubscribe anytime.