Funded Startups in Reykjavík
Disclosed round sizes in Reykjavík vary sharply: Artic Green Energy raised $240M on 2021-07-26, which dwarfs the next-largest disclosed amounts ($227M by K…
Disclosed round sizes in Reykjavík vary sharply: Artic Green Energy raised $240M on 2021-07-26, which dwarfs the next-largest disclosed amounts ($227M by Kvika on 2025-05-23 and $117M by Carbfix on 2022-07-12). At the small end, the lowest disclosed amount shown is $500K, held by Loki Foods (2022-08-09) and Flow (2020-07-10). The 45 rows span 2020-07-10 (Flow) through 2026-06-25 (Reitir Fasteignafelag), and most large-ticket rounds concentrate in the 2021–2023 window (e.g., Oculis $40M on 2023-06-01; Controlant $40M on 2023-09-14; Lucinity $17M on 2022-07-07).
Sectors skew toward a few repeat themes: Financial Services appears at least three times (Bera $16M on 2026-06-01; Kvika $227M on 2025-05-23; Memento Payments $1M on 2022-09-12). Stage labels also cluster around early rounds and ambiguity: 10 of 45 rows are marked “Series Unknown,” and two rows are marked “undisclosed” (Sidekick Health on 2026-01-13; Spectaflow on 2022-01-05).
Most recent rounds
45 shownRelated listings
Frequently asked
What size outliers stand out in this Reykjavík dataset, and how do they compare to the rest of the disclosed rounds?
Artic Green Energy’s $240M (2021-07-26) is the clear outlier; the next-largest disclosed rounds are $227M (Kvika, 2025-05-23) and $117M (Carbfix, 2022-07-12), with most other disclosed entries far below that range (e.g., $40M rounds at Oculis on 2023-06-01 and Controlant on 2023-09-14). On the low end, the smallest disclosed amount is $500K (Loki Foods on 2022-08-09 and Flow on 2020-07-10).
Do the deals cluster around a specific time window, or are they evenly spread across the 2020–2026 range?
The data spans 2020-07-10 (Flow) to 2026-06-25 (Reitir Fasteignafelag), but several of the higher-ticket rounds fall in 2021–2023. Examples include Artic Green Energy $240M (2021-07-26), Alvotech $35M (2021-03-15), Oculis $40M (2023-06-01), and Controlant $40M (2023-09-14).
Which stage labels or amount types appear most often, and what does that imply about reporting consistency?
“Series Unknown” appears in 10 of 45 rows (e.g., Bera $16M on 2026-06-01; Kvika $227M on 2025-05-23; Controlant $40M on 2023-09-14). There are also two “undisclosed” amount entries (Sidekick Health on 2026-01-13 and Spectaflow on 2022-01-05), limiting comparisons for those deals.
Are any sectors over-represented relative to the rest of the list?
Financial Services shows up at least three times: Bera (2026-06-01, $16M), Kvika (2025-05-23, $227M), and Memento Payments (2022-09-12, $1M). Other sectors recur less consistently in the shown rows (e.g., Gaming appears multiple times but not as prominently as Financial Services here).
Which entries in the newest part of the timeline are large enough to re-rank the market by disclosed size?
Among the most recent deals, Kvika’s $227M (2025-05-23) and Reitir Fasteignafelag’s $24M (2026-06-25) stand out versus nearby entries like Bera $16M (2026-06-01) and Rexby $2M (2025-11-08). The newest disclosed amounts also include Optise $2M (2025-04-09) and Evolytes $1M (2025-04-04), which sit near the lower end of the disclosed range.
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.