Frumtak Ventures (investor - Venture Capital)

frumtak.is

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Offices:Reykjavik

Frumtak is an investment fund from Iceland focused on early stage growth companies from Iceland.

founded in 2008, now deploying from a $87 million fund closed in 2024 (its fourth).

Average round investment:6.47M USD

Average number per year:2.9

Distribution: 2025 (3)2024 (5)2022 (5)2021 (4)2020 (2) See the entire list

Portfolio companies: Iceland

Euler

Optise

Heima See the entire list

Mostly invests in: Iceland

Iceland (29) Software Services (23)

See the entire list

Showing 3 of 32 tracked investments in:

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	Morningstar Ventures 100%	Range for average deal size: 5M - 10M USD Similar verticals: Software Services, Financial Services, Competitive Intelligence, AI (big data), Gaming Industry, Mobile, Ecommerce, Marketplace, Sports Industry Similar business models: B2B, SAAS, B2C (Retail) Common investees countries: Sweden Average number of deals per year: 2.8 Active last 12 months: Yes
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	Brunnur Ventures (Framtak) 100%	Range for average deal size: 5M - 10M USD Similar verticals: Software Services, Financial Services, Competitive Intelligence, Manufacturing, AI (big data), Travel, Gaming Industry, Health services, Mobile, Pharma, Airline Industry, Transportation, Agriculture, Hardware Similar business models: B2B, SAAS, B2C (Retail), Freemium Common investees countries: Iceland Average number of deals per year: 2.7 Active last 12 months: Yes
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