FundedIQ

Recently Funded Startups in Reykjavík

Updated Sep 2026

FundedIQ holds 47 funded startups in Reykjavík 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 Reykjavík, along with the 47 most recently funded startups there.

Startups in Reykjavík closed 11 funding rounds over the last 24 months, 6 of them in the last 12 months, and raised $283M in disclosed capital. The median disclosed round is $3.0M, with the middle half of rounds falling between $2.4M and $16M. Health Care, Software and Artificial Intelligence hold the most companies by sector.

Early stage ventures dominate this market. Small teams characterize the typical profile, making these companies ideal targets for agile tools and foundational services. While a few larger organizations exist, the primary opportunity lies with lean operations that rely on a few key decision makers for procurement.

Reykjavík funded startup statistics

Funded startups in Reykjavík
47
tracked in the database
Funding rounds, last 12 months
6
11 over 24 months
Disclosed capital raised, 24 months
$283M
9 of 11 rounds disclosed an amount
Median round size
$3.0M
middle half $2.4M to $16M

Most recent funding round on record: Aug 2026.

47 most recently funded startups in Reykjavík

47 shown

Ordered 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.

S
Reykjavík, Iceland · Energy, Industrial Automation
SNERPA Power develops intelligent energy services.
Seed ·
$3.9M
S
Sowilo
Reykjavík, Iceland · Apparel, Fashion, Retail
Sowilo is a fashion technology startup.
Pre-Seed ·
Undisclosed
R
Reykjavík, Iceland · Real Estate
Reitir Fasteignafelag owns, leases, and manages commercial properties. Their property portfolio includes…
Series Unknown ·
$24M
B
Reykjavík, Iceland · Financial Services
Bera manages subsidiaries that produce, import, and distribute various food and beverage products while…
Series Unknown ·
$16M
S
Reykjavík, Iceland · Health Care
Sidekick is a patient-centric digital care platform that is scalable across a wide range of chronic…
Series Unknown ·
Undisclosed
R
Reykjavík, Iceland · Travel
Rexby focus on travel content creators should be empowered to create value for the tourism industry.
Seed ·
$2.4M
K
Reykjavík, Iceland · Financial Services
We are a specialized bank focusing on asset management and investment services. Voted as Best Bank in Iceland…
Series Unknown ·
$227M
O
Reykjavík, Iceland · Artificial Intelligence (AI)
Optise is a tool for B2B businesses that uses AI technology to provide insights on websites.
Pre-Seed ·
$2.2M
E
Reykjavík, Iceland · Apps
Evolytes is a platform that combines games, literature, and monitoring to improve learning outcomes. It…
Seed ·
$1.4M
M
Reykjavík, Iceland · Education
Moombix is a marketplace and a platform tailored to online music lessons!
Seed ·
$2.5M
P
Reykjavík, Iceland · Gaming
In the summer of 2016, a small group of dreamers established Porcelain Fortress in Reykjavik, Iceland.
Seed ·
$3.0M
T
Reykjavík, Iceland · Hardware
Treble Technologies creates advanced wave-based sound simulation products for the AEC sector. They focus on…
Series A ·
$12M
P
Reykjavík, Iceland · Health Care
PLAIO is an online software as a service tool designed for generic pharmaceutical companies to streamline…
Seed ·
$4.7M
H
Reykjavík, Iceland · Internet Services
Hefring Marine is an Icelandic startup in the marine industry that utilizes AI/ML and IoT technology for…
Series Unknown ·
$2.4M
P
Reykjavík, Iceland · Transportation
PLAY is a budget airline based in Iceland that provides affordable flights between popular destinations in…
Series Unknown ·
$32M
K
KuraTech
Reykjavík, Iceland · Software
KuraTech uses automation and generative AI technologies to streamline manual tasks for court-appointed…
·
Undisclosed
F
Reykjavík, Iceland · Consumer Electronics
The Silent Flyer, produced by Flygildi ehf in Reykjavik, Iceland, is a drone that resembles a bird with…
Seed ·
$2.2M
R
Reykjavík, Iceland · Gaming
The goal of Rocky Road is to develop a mobile game that is open world and casual in nature, using real-world…
Seed ·
$3.0M
C
Reykjavík, Iceland · Internet Services
Controlant is a renowned company that specializes in monitoring and ensuring visibility in supply chains for…
Series Unknown ·
$40M
T
Reykjavík, Iceland · Commerce and Shopping
Travelshift offers the opportunity to easily create a successful online platform for travel bookings and…
Series Unknown ·
$10M
D
Reykjavík, Iceland · Artificial Intelligence (AI)
DTE introduces breakthrough real-time process control analytics for metals production and processing towards…
Series A ·
$10M
O
Reykjavík, Iceland · Biotechnology
The Oculis platform for drug delivery is a new method that aids the absorption of drugs to both the front and…
Series Unknown ·
$40M
G
Reykjavík, Iceland · Software
Glaze simplifies the intricate world of sales software, point-of-sale systems, and online commerce into a…
Seed ·
$1.1M
T
Reykjavík, Iceland · Commerce and Shopping
Tulipop is a captivating and magical children's collection that stands apart from others. Conceived by Signy,…
Series Unknown ·
$1.8M
L
Reykjavík, Iceland · Software
Create your own white-labeled school for procedures and training, and work effectively with your content…
Series Unknown ·
$910k
E
Reykjavík, Iceland · Education
Anyone can manage profitable and successful youth esports programs that kids and parents adore thanks to the…
Pre-Seed ·
$750k
S
Reykjavík, Iceland · Other
Smitten is the future of online dating, where people actually have fun being single.
Series A ·
$10M
A
Reykjavík, Iceland · Sports
Abler brings simplicity to the complexities of team management. With easy scheduling, messaging, payment, and…
Seed ·
$3.7M
M
Reykjavík, Iceland · Financial Services
Memento, aim to ultimately build the world’s first Social-to-Bank Relationship Platform. They at Memento…
Venture - Series Unknown ·
$1.2M
L
Reykjavík, Iceland · Food and Beverage
Loki Foods is a food and beverage company based in Iceland.
Pre-Seed ·
$500k
C
Reykjavík, Iceland · Professional Services
Carbfix mission is to turn into a critical instrument in handling the environment emergency by for all time…
Grant ·
$117M
L
Reykjavík, Iceland · Artificial Intelligence (AI)
Lucinity utilizes Human AI to assist manages an account with battling monetary wrongdoing all the more…
Series B ·
$17M
O
Reykjavík, Iceland · Apps
Overtune is a portable stage where you orchestrate sounds, record a voice video and offer it on your socials.
Seed ·
$2.0M
3
Reykjavík, Iceland · Data and Analytics
3Z Pharmaceuticals gives research administrations expected to give drug improvement administrations. It…
Seed ·
$2.0M
E
Reykjavík, Iceland · Professional Services
Empower is a Diversity, Equality and Inclusion solutions provider focused on combining its successful track…
Seed ·
$2.3M
G
Reykjavík, Iceland · Food and Beverage
Good Good emphasizes on online sales.
Series B ·
$20M
5
Reykjavík, Iceland · Administrative Services
50skills is transforming employee onboarding. It is used by thousands of managers in high-turnover industries…
Seed ·
$2.6M
K
Reykjavík, Iceland · Administrative Services
Kara Connect is the Digital Center for welfare support teams. Kara Connect is a Nordic HealthTech company…
Venture - Series Unknown ·
$6.3M
A
Reykjavík, Iceland · Gaming
Arctic Theory is a game development company focused on massively multiplayer games using innovative…
Seed ·
$2.0M
S
Reykjavík, Iceland · Information Technology
Spectaflow is a SaaS solution for accommodations businesses focused on improving housekeeping and maintenance…
Undisclosed ·
$1.9M
P
Reykjavík, Iceland · Health Care
PLAIO is a web-based SaaS platform intended to help generic pharmaceutical companies to digitize their…
Seed ·
$2.3M
A
Reykjavík, Iceland · Data and Analytics
Ankeri develops cloud based software solution focusing on ship performance from the perspective of charter…
Seed ·
$2.3M
E
Reykjavík, Iceland · Health Care
EpiEndo is a clinical-stage biopharmaceutical company with a unique approach to inflammatory disorders that…
Series A ·
$23M
A
Reykjavík, Iceland · Energy
Arctic Green Energy's founding mission was to export the Icelandic success and leadership in geothermal and…
Private Equity ·
$240M
A
Reykjavík, Iceland · Biotechnology
Alvotech is a global biopharmaceutical company, focused on developing biosimilar versions of leading…
Venture - Series Unknown ·
$35M
G
Reykjavík, Iceland · Software
GRID empowers every-day Excel users to turn their spreadsheets into modern web applications without learning…
·
$10M
F
Reykjavík, Iceland · Education
Flow develops immersive virtual reality-enhanced meditation programs.
·
$500k

Industries with the most funded startups in Reykjavík

Sector counts across all 47 tracked companies in Reykjavík. A company assigned more than one industry is counted in each.

About the FundedIQ Reykjavík 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 47 funded startups in Reykjavík 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 11 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 Reykjavík is dated Aug 2026.

The table above shows the 47 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 Reykjavík?

FundedIQ tracks 47 funded startups in Reykjavík. This page lists the 47 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 Reykjavík raised?

Startups in Reykjavík tracked by FundedIQ have raised $283M in disclosed capital across 11 funding rounds over the last 24 months, including 6 rounds in the last 12 months. 9 of those 11 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.

What industries have the most funded startups in Reykjavík?

Health Care has the most, with 4 companies, followed by Software (4), Artificial Intelligence (3) and Education (3). Sector counts include every company assigned that industry, and a company can carry more than one.

What is a typical funding round size for startups in Reykjavík?

The median disclosed round over the last 24 months is $3.0M, and the middle half of rounds fall between $2.4M and $16M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.

How often is the Reykjavík 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 Reykjavík is dated Aug 2026. Counts and totals on this page are recomputed on every refresh.

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