Fractal 5 announced raising $3 million in a seed round backed by Menlo Ventures and Crowberry Capital.

Fractal 5, a Reykjavík, Iceland-based startup, announced closing a $3 million seed round.

The money was raised from Menlo Ventures and included participation from Crowberry Capital.

Fractal 5 was founded in 2020 by Guðmundur Hafsteinsson and Björgvin Guðmundsson and their product is still in stealth.