Funded Startups in Reykjavík
Disclosed deal sizes in Reykjavík are highly uneven: the largest disclosed round is Artic Green Energy’s Private Equity financing of $240M (2021-07-26), wh…
Disclosed deal sizes in Reykjavík are highly uneven: the largest disclosed round is Artic Green Energy’s Private Equity financing of $240M (2021-07-26), which dwarfs the next-largest disclosed amounts in the list (e.g., Kvika’s $227M on 2025-05-23 and two $55M–$40M datapoints such as Sidekick Health $55M on 2022-05-05 and Oculis $40M on 2023-06-01). At the other end, the smallest disclosed amount is Flow’s $500K (2020-07-10), while many recent entries cluster in the $1M–$5M band (e.g., Optise $2M on 2025-04-09; Glaze $1M on 2023-03-13; Esports Coaching Academy $750K on 2022-11-17).
Timing and stage classifications also cluster. Across 43 rows, round dates span 2020-07-10 through 2025-11-08, with multiple entries concentrated in 2025–2024 (Rexby $2M on 2025-11-08; Kvika $227M on 2025-05-23; Treble $12M on 2024-09-03). Stage naming is also mixed: “Series Unknown” appears repeatedly (e.g., Kvika 2025-05-23; Controlant 2023-09-14; Hefring Marine 2024-05-22), and there are undisclosed amounts including Spectaflow ($2M undisclosed on 2022-01-05) and KuraTech (undisclosed amount on 2024-03-05).
Most recent rounds
43 shownRelated listings
Frequently asked
What is the largest disclosed round in this Reykjavík list, and how extreme is it versus the rest of the disclosed amounts?
Artic Green Energy’s Private Equity round of $240M on 2021-07-26 is the clear outlier; it’s above Kvika’s next-largest disclosed amount of $227M on 2025-05-23 and far above the small-to-mid range that repeats across the list (for example, Optise $2M on 2025-04-09 and Glaze $1M on 2023-03-13).
Are there notable near-term clusters by round date among the most recent entries?
Yes. The list contains several entries in 2025 (Rexby $2M on 2025-11-08; Kvika $227M on 2025-05-23; Optise $2M on 2025-04-09) and a dense run throughout 2024 (Moombix $3M on 2024-10-17; Porcelain Fortress $3M on 2024-09-24; Treble $12M on 2024-09-03; PLAIO $5M on 2024-08-14).
How often do “Series Unknown” and undisclosed amounts appear, and do they affect comparisons?
“Series Unknown” shows up across multiple rows (e.g., Kvika on 2025-05-23, Hefring Marine on 2024-05-22, Controlant on 2023-09-14, and Alvotech on 2021-03-15). Undisclosed amounts also appear: KuraTech (undisclosed amount) on 2024-03-05 and Spectaflow ($2M but classified as undisclosed) on 2022-01-05, which means some rows can’t be cleanly compared by stage and amount together.
Which sectors look most represented in this Reykjavík set, based on repeated appearances?
Artificial Intelligence (AI) appears more than once (Optise $2M on 2025-04-09; DTE ehf $10M on 2023-06-19; Lucinity $17M on 2022-07-07). Health Care also recurs (PLAIО $5M on 2024-08-14; PLAIO $2M on 2021-12-15; EpiEndo Pharmaceuticals $23M on 2021-08-18; Sidekick Health $55M on 2022-05-05).
What stage mix stands out when looking at the biggest rounds by disclosed size?
The largest disclosed amounts are not confined to a single stage label: Artic Green Energy is Private Equity at $240M (2021-07-26), Kvika is Series Unknown at $227M (2025-05-23), and Sidekick Health is Series B at $55M (2022-05-05). Meanwhile, multiple smaller rounds cluster in Seed and Pre-Seed entries such as Evolytes Seed $1M (2025-04-04) and Esports Coaching Academy Pre-Seed $750K (2022-11-17).
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.