Recently Funded Startups in Iceland
Updated Oct 2026
FundedIQ holds 53 funded startups in Iceland and keeps their funding rounds, amounts, investors, industries, locations and company details up to date. This page provides an overview of the startup funding landscape in Iceland, along with the 53 most recently funded startups in the country.
Startups in Iceland closed 15 funding rounds over the last 24 months, 11 of them in the last 12 months, and raised $407M in disclosed capital. The median disclosed round is $6.0M, with the middle half of rounds falling between $2.4M and $24M. Health Care, Artificial Intelligence and Software hold the most companies by sector. Reykjavík and Kópavogur hold the deepest concentrations of funded startups in the country.
Early stage activity dominates the Icelandic market, creating a prime window for investors seeking ground floor entries. Health Care and Artificial Intelligence lead the way, primarily centered in Reykjavík. Prospectors find a high concentration of seed ventures, which means sales cycles will likely involve founders rather than established corporate procurement teams.
Iceland funded startup statistics
Most recent funding round on record: Sep 2026. Investors appearing most often across Iceland funding rounds: Frumtak Ventures.
53 most recently funded startups in Iceland
53 shownOrdered by the date of the latest funding round. Each row gives the company, its location and industry, what it does, the stage and date of that round, and the disclosed amount.
Iceland startup funding trends
Funding activity
Startups in Iceland closed 15 funding rounds over the last 24 months, 11 of them in the last 12, adding up to $407M in disclosed capital.
Round sizes
The median disclosed round is $6.0M, with the middle half running from $2.4M to $24M. 13 of 15 rounds disclosed an amount.
Sectors
Health Care, Artificial Intelligence and Software hold the most companies, led by Health Care at 5. The most common headcount band across the segment is 1-10.
Industries with the most funded startups in Iceland
Sector counts across all 53 tracked companies in Iceland. A company assigned more than one industry is counted in each.
Where are funded startups located in Iceland?
Where funded startups in Iceland are based, by the city on the company record.
Funding stages in Iceland
How the last 24 months of funding rounds for funded startups in Iceland break down by stage.
A further 8 rounds in this period were announced without a stage label and are not ranked above.
About the FundedIQ Iceland startup funding data
FundedIQ tracks announced startup funding rounds and organises them by company, funding date, stage, amount, industry, location and investor. The dataset is refreshed weekly, and new rounds are normalised and de-duplicated before they are published, so the same round reported twice on different dates is recorded once.
Figures on this page cover the 53 funded startups in Iceland currently tracked. Round counts, capital totals and the median round are computed over a trailing 24 months. Rounds whose amount was not disclosed (2 of 15 in that period) are counted as rounds but excluded from capital totals and from the median. The most recent round on record for funded startups in Iceland is dated Sep 2026.
The table above shows the 53 most recently funded companies. Full funding histories, investor lists and founder contacts across the whole dataset open on a FundedIQ plan.
Frequently asked questions
How many funded startups are there in Iceland?
FundedIQ tracks 53 funded startups in Iceland. This page lists the 53 most recently funded of them, ordered by the date of their latest round, and the full set is available on a FundedIQ plan.
How much funding have startups in Iceland raised?
Startups in Iceland tracked by FundedIQ have raised $407M in disclosed capital across 15 funding rounds over the last 24 months, including 11 rounds in the last 12 months. 13 of those 15 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.
What industries have the most funded startups in Iceland?
Health Care has the most, with 5 companies, followed by Artificial Intelligence (4), Software (4) and Biotechnology (3). Sector counts include every company assigned that industry, and a company can carry more than one.
Which cities have the most funded startups in Iceland?
Reykjavík leads with 47 companies, then Kópavogur (2), Hafnarfjörður (1) and Ísafjörður (1).
What is a typical funding round size for startups in Iceland?
The median disclosed round over the last 24 months is $6.0M, and the middle half of rounds fall between $2.4M and $24M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.
What is the most common funding stage for startups in Iceland?
Seed is the most common labelled stage, with 4 rounds in the last 24 months, ahead of Pre-Seed (2) and Series A (1). A further 8 rounds were announced without a stage label and are not counted here.
How often is the Iceland startup funding data updated?
The dataset is refreshed weekly. New rounds are normalised and de-duplicated before they are published, and the most recent round currently on record for funded startups in Iceland is dated Sep 2026. Counts and totals on this page are recomputed on every refresh.
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