Frumtak Ventures (investor - Venture Capital)

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Offices:
Reykjavik
Average round investment:
3.74M USD

Frumtak was founded December 23rd. 2008. The objective was to invest in early stage growth companies that were post seed and had growth potential.

This would result in leading companies that could deliver a good return to investors.

When we find an exciting investment project we discuss this at our partner meeting and decide whether to present this to the board, which decides on investments. Board meetings are usually once a month.

The board presentation includes a 50 minute session with the entrepreneur where we expect at least 10-15 minutes for Q&A. It is important that the entrepreneur can clearly and effectively explain himself and the investment opportunity.

After the meeting, there is a decision to do one of three things, reject the project, investigate more or move to a term sheet. As paperwork takes time, especially due diligence, it is important that the company has done its homework in terms of preparing and collecting all the necessary documentation.

If this is done properly it makes things go smoother. Frumtak has a policy of having the investment process, from board introduction to payment, stay within 90 days.

We tracked 13 Nordic investments.

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Frumtak Ventures investments breakdown analysis:

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Frumtak Ventures mostly invests with:

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Investors with similar profile to Frumtak Ventures:

InvestorCriteria
Sweden Johan Blomquist
74%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Financial Services, Software Services
  • Similar business models: B2B, SAAS
  • Average number of deals per year: 2.3
  • Active last 12 months: Yes
Sweden Spiltan
73%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Financial Services, Software Services
  • Similar business models: B2B, SAAS
  • Average number of deals per year: 3.5
  • Active last 12 months: Yes
Iceland Brunnur Ventures (Framtak)
70%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Software Services
  • Similar business models: B2B, SAAS
  • Common investees countries: Iceland
  • Average number of deals per year: 2
  • Active last 12 months: Yes
Sweden Aggregate Media
70%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Financial Services, Software Services
  • Similar business models: B2B, SAAS
  • Average number of deals per year: 5.6
  • Active last 12 months: Yes
Sweden Sven Hagströmer
68%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Financial Services, Software Services
  • Similar business models: B2B, SAAS
  • Average number of deals per year: 2.2
Sweden Collector Ventures
68%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Financial Services, Software Services
  • Similar business models: B2B, SAAS
  • Active last 12 months: Yes
Sweden Sophia Bendz
68%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Financial Services, Software Services
  • Similar business models: B2B, SAAS
  • Average number of deals per year: 3.8
  • Active last 12 months: Yes
Sweden Spintop Ventures
68%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Financial Services, Software Services
  • Similar business models: B2B, SAAS
  • Average number of deals per year: 3.8
  • Active last 12 months: Yes
Norway Tripod Capital Collective
67%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Financial Services, Software Services
  • Similar business models: B2B, SAAS
  • Average number of deals per year: 3
Sweden Mattias Miksche
67%
  • Range for average deal size: 1M - 5M USD
  • Similar verticals: Financial Services, Software Services
  • Similar business models: B2B, SAAS
  • Average number of deals per year: 3.1

News about Frumtak Ventures

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