Periods count from when the news broke.

• Funding · IS · 01 Sep · EUR 2.1M

  Solid Clouds

  Solid Clouds raised 300 million ISK in new equity in 2025.

• Funding · IS · 19 Aug · EUR 400K

  SnerpaPower

  SnerpaPower received a 0.4 million euro Voxtur grant from the Icelandic Technology Development Fund alongside its seed round.

• Funding · IS · 19 Aug · EUR 3.0M

  SnerpaPower

  SnerpaPower raised 3.0 million euros in seed funding led by Encevo, with Crowberry Capital and BackingMinds returning, to accelerate its European expansion. A 0.4 million euro Voxtur grant from the Icelandic Technology Development Fund came alongside.

• Funding · IS · 21 Jul · —

  Sowilo

  Sowilo raised pre-seed funding to expand its AI-powered fashion product intelligence platform, Catecut, and support the global launch of its Shopify app.

• Funding · IS · 26 Feb · EUR 18.0M

  Reykjavik Geothermal

  Reykjavik Geothermal raised EUR 18.0M in Series B, led by Innviðir fjárfestingar II.

• Funding · IS · 03 Jul · —

  Orb ehf.

  Received a market development grant for business development for forest measurement software.

• Funding · IS · 03 Jul · —

  Snotra Sustainability

  Received a seed grant for developing an AI solution for the tourism industry.

• Funding · IS · 03 Jul · —

  SagaReg

  Received a grant for further development of its AI-based solution for drug marketing authorization.

• Funding · IS · 03 Jul · —

  Circular Library Network ehf.

  Received a grant for its project on Circular Economy Sharing Systems.

• Funding · IS · 03 Jul · —

  Flöff ehf.

  Received a grant for research and development on the utilization of textile waste and wool in Iceland.

• Funding · IS · 03 Jul · —

  Massif Network ehf.

  Received a grant for market entry to increase visibility in the film industry.

• Funding · IS · 03 Jul · —

  Visttorg ehf.

  Received a grant to develop Vistbók, a smart database service for the environmental impact of building materials.

• Funding · IS · 03 Jul · —

  VitalSync

  Received a seed grant for developing solutions to extend independent living for the elderly.

• Funding · IS · 27 Apr · EUR 2.0M

  Prescriby

  Prescriby has secured $2.1 million in a funding round led by Crowberry Capital to scale its digital treatment plan software aimed at preventing medication addiction.

• Funding · IS · 29 Dec · EUR 905K

  Leviosa

  Leviosa has successfully closed a $1 million pre-seed funding round from existing shareholders and over 60 healthcare professionals.

• Funding · IS · 28 Nov · EUR 913K

  Keystrike

  Keystrike has successfully secured $1 million in pre-seed funding to bolster its sales and marketing initiatives, particularly focusing on expanding into the United States cybersecurity market.

• Funding · IS · 10 May · —

  Resea Energy

  Resea Energy aims to produce biofuels from waste from cultivated seaweed.

• Funding · IS · 10 May · —

  Orb ehf.

  Orb develops technology to measure carbon sequestration in forests to promote responsible carbon offsetting.

• Funding · IS · 17 Nov · EUR 727K

  ECA

  Esports Coach Academy raised a 750,000 USD pre-seed round to expand its e-sports coaching software and training programs into the US and Puerto Rico. The round was led by Behold Ventures with participation from Sisu Game Ventures and MGMT Ventures.