Investment thesis
Frumtak Ventures is a Reykjavík firm investing in Icelandic and Iceland-linked companies with early traction and global ambitions, from seed through to IPO. It manages about €190 million and makes initial investments of €1 million to €3 million across SaaS, logistics, fintech, healthcare, artificial intelligence and consumer software. The firm takes a concentrated, high-conviction approach and works closely with boards and founders after investing.
Past investments
| Company | Round | Date | Round size |
|---|---|---|---|
| Euler Reykjavik, Iceland | Seed | Nov 2025 | €2M |