Frumtak Ventures (investor - Venture Capital)

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Offices:Reykjavik

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.

Average round investment:5.17M USD
Average number per year:2.0
Distribution: 2021 (1)2020 (2)2017 (2)2016 (5)2015 (2) See the entire list
Mostly invests in: Iceland Iceland (14) Financial Services (7)
See the entire list

Showing 3 of 16 tracked investments in:


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