Frumtak Ventures

01/01/2026

As we wrap up 2025 and reflect on the conversations, the decisions, the moments of conviction, and the founders we partner with – What stands out most to us isn’t a single headline or milestone, but the steady, meaningful progress that happens when founders and investors are aligned around long-term ambition.

This year, we had the privilege of partnering with new founders tackling real, complex problems across AI, deep tech, logistics, dating, and home productivity. We backed new teams at moments where belief and trust mattered as much as capital, and we continued to back our existing portfolio founders through the ups and downs of building global category leaders in their respective fields.

Read on for our full year-in-review reflections and overview of new investments announced in 2025 🎆

Happy New Year!
Team Frumtak: Svana Gunnarsdottir, Asthildur Otharsdottir, Andri Heiðar Kristinsson, Frodi Steingrimsson, and Rakel Sigurðardóttir

As we wrap up 2025 and reflect on the conversations, the decisions, the moments of conviction, and the founders we partner with – What stands out most to us isn’t a single headline or milestone, but the steady, meaningful progress that happens when founders and investors are aligned around long-...

12/11/2025

Það gleður okkur mikið að leiða fjárfestingu í sprotafyrirtækinu Euler ásamt finnska vísisjóðnum Kvanted 🚀 Euler hefur þróað hugbúnaðarlausn sem nýtir gervigreind til að tryggja stöðugleika og gæði í iðnaðarþrívíddarprentframleiðslu. Samhliða fjárfestingu Frumtaks tekur Ásthildur Otharsdóttir sæti í stjórn félagsins.

„Euler teymið er metnaðarfullt með sterka sýn og djúpa tækniþekkingu sem hefur þróað frábæra lausn sem leysir raunveruleg vandamál á alþjóðlegum markaði. Við sjáum fjöldamörg tækifæri fyrir áframhaldandi þróun og markaðssetningu á lausnum félagsins. Verkefnið fellur vel að fjárfestingastefnu sjóðsins og við hlökkum til vegferðarinnar framundan með þessu öfluga teymi." - Ásthildur Otharsdóttir, meðeigandi hjá Frumtaki

Fjármögnunin var leidd af Frumtaki Ventures og norræna vísisjóðnum Kvanted.

27/09/2025

✨ What an inspiring evening at Frumtak Ventures Day 2025 ✨

We welcomed our portfolio founders, investors, and local ecosystem builders for an evening full of insights, networking, and celebration of entrepreneurship.

Highlights included:

💡 Funding Pulse – Asthildur Otharsdottir shared the latest trends shaping the global funding landscape.

🔥 Fireside chat with Melanie Campbell from Verdane, led by Svana Gunnarsdottir, on how to build foundations for long-lasting success

🤝 Raman Ramalingam from TalentX inspired us on how to move beyond familiar faces and turn strangers into allies

🏆 Fireside chat with Sveinn Palsson, founder and CEO of Godo which recently got acquired by Visit Group, shared his founding and exit story, moderated by Andri Heiðar Kristinsson

🚀 Founders from our most recent portfolio companies took the stage to share their visions and what they are building: Alma Dóra Ríkarðsdóttir from Heima, Ómar Thor Ómarsson from Optise, and Jennica Chiang from Smitten

The night ended with great conversations, dinner, drinks, and music — strengthening the bonds that drive our startup community forward.

A huge thank you to our speakers, partners, and everyone who joined us to make this such a memorable evening. 🙏

09/04/2025

Til hamingju Optise með fjármögnunina í dag, við hjá Frumtaki hlökkum mikið til samstarfsins 🙌

Optise er að þróa nýja og byltingarkennda vefgreiningarlausn sem byggir á gervigreind. Lausnin er hugsuð sem einfaldari og aðgengilegri valkostur við hefðbundin greiningartól á borð við Google Analytics.

Optise nýtir háþróaða gervigreind til að greina umfangsmikil gögn og veita fyrirtækjum skýrar ráðleggingar um hvernig bæta megi árangur vefsíðna þeirra. Go Optise 🚀

„Við erum spennt að taka þátt í næsta kafla félagsins með þessu öfluga teymi,“ segir Andri Heiðar, meðeigandi og fjárfestingastjóri hjá Frumtak.

26/03/2025

Við bjóðum HEIMA hjartanlega velkomið í Frumtaks-fjölskylduna 🤩 og erum stolt af því að leiða þessa fjármögnun í samstarfi við MGMT Ventures og Tennin.

Heima appið hjálp­ar fjöl­skyld­um að skipta heim­il­is­verk­un­um á milli sín á ein­fald­an og skemmti­leg­an máta. Með Heima geta fjöl­skyld­ur haft yf­ir­lit með öll­um verk­efn­um heim­il­is og fjöl­skyldu á ein­um, deil­an­leg­um stað sem hægt er að upp­færa í raun­tíma.

Heima gef­ur fjöl­skyldumeðlim­um stig fyr­ir hvert unnið verk­efni og held­ur utan um stiga­töflu fjöl­skyld­unn­ar sem hvet­ur til auk­inn­ar sam­vinnu og frum­kvæðis inn­an heim­il­is­ins.

Innilega til hamingju Alma Dóra Ríkarðsdóttir, Sigurlaug Gudrun Johannsdottir og Tristan John Frantz - hlökkum mikið til samstarfsins!

Sprotafyrirtækið Heima fær 140 milljóna króna fjármögnun til útrásar í Hollandi, þar sem app félagsins varð vinsælt á einni nóttu.

15/01/2025

Fróði Steingrímsson hefur gengið inn í eigendahóp Frumtak Ventures 👏

Fróði hefur gegnt stöðu yfirlögfræðings Frumtaks síðastliðin þrjú ár og verið frábær liðsfélagi. Hann hefur leitt okkur Frumtaksteymið í gegnum völundarhús laganna af öryggi og fagmennsku og líka veitt félögum í eignasöfnum sjóðanna okkar ómetanlegan stuðning. Við hlökkum til framtíðarinnar með Fróða í nýju hlutverki.

Fróði Steingrímsson hefur bæst í hóp eigenda Frumtak Ventures.

30/12/2024

Happy New Year from Frumtak Ventures!

✨The Frumtak Ventures Team wishes you peace and prosperity in 2025 ✨

As we welcome the new year, we want to take a moment to celebrate the incredible milestones and partnerships we’ve shared with our founders, investors, and the community in 2024. The year was full of challenges and triumphs, and we continue to be inspired by the resilience and creativity of the amazing people we share the journey with.

We closed our fourth fund Frumtak IV (oversubscribed and raised in record time 💪😉) allowing us to continue supporting visionary founders and great businesses with the potential to become global leaders in their space and define their category.

Here’s to a 2025 full of new opportunities and bold ventures! 🚀

The Frumtak Team!

Highlights of 2024 👇

• Abler welcomed over 100 new clubs to its sports club management software and won the “Vaxtasprotinn 2024” award (growth startup of the year). Sport matters!

• Activity Stream successfully closed a $13.5 million funding round marking a major milestone in their journey of elevating event management.

• Alda made great strides in supporting more inclusive workplaces and closed the year with 30k users in over 50 countries.

• Ankeri contributed to the digitization of the shipping industry – allowing its growing customer base to stay on top of fleet data, performance and sustainability.

• Arctic Trucks ran science expeditions in the Antarctica and the world's first wheeled journey to transverse both the geographical North and South Poles, the Transglobal Car Expedition.

• AviLabs raised $8 million in a funding round led by Frumtak along with backing from existing investor Brunnur Ventures, securing its place as the leading passenger disruption platform for airlines.

• Controlant completed a $35 million financing round to seize opportunities in the ongoing digital transformation of pharma supply chains.

• Data Dwell continued on a strong organic growth trajectory with its core business in content management for sales and marketing while also expanding into new verticals.

• Kaptio continued driving digital transformation of multi-day travel companies around the world, enabling a successful exit for Frumtak during the year.

• Meniga was featured on the Fintech 50: A list of the UK's most innovative and game-changing fintech.s.

• Moombix raised €2.27 million to scale its online music learning platform in a Frumtak led funding with participation from angel investors.

• PLAIO multiplied its customer base and successfully raised €4.3 million to continue advancing the only IA-assisted decision-making platform for pharma supply chain planning.

• Sidekick Health expanded their portfolio in oncology and women’s health and launched transformative partnerships that reached over 1 million patients globally making incredible strides in digital health innovation.

• Sweeply simplified hospitality housekeeping and task management for a growing number of customers around the world, now counting 26 countries.

• Treble Technologies successfully closed an €11M Series A funding round, marking a milestone in the mission to revolutionize sound simulation and synthetic audio data generation.

• Tulipop continued to expand and bring the magical world of Tulipop to children and families around the world, with its TV series now on screens in 12 countries, including France, Italy, Canada and the Middle-East, and and available in 8 languages.

• 50skills kept on easing workloads around the world with its IA-powered automated workflows and won Technology Partner of the Year at the British Recruitment Awards 2024.

• Our annual Frumtak Ventures Day took place in September, filled with stories, insights, and excellent conversations. Our theme this year was "looking inwards" to explore the challenges behind the scenes and have an honest conversation about the struggles of navigating the ups and downs of being a founder.

• Last but not least, we are proud to continue our supporting of mental health initiatives by our annual donation awarded to Geðhjálp (mental health awareness) this year.

11/12/2024

🎉PLAIO gerir samstarfssamning við alþjóðlega lyfjaframleiðandann Eisai sem mun nýta lausn PLAIO við sjálfvirknivæðingu aðfangakeðjunnar og skölun lyfjaframleiðslu fyrirtækisins til að mæta vaxandi eftirspurn eftir lyfjum Eisai út um allan heim👏

„Það er stórt skref fyrir okkur að fá inn þetta öfluga fyrirtæki og þetta flýtir innreið okkar á Bandaríkjamarkað. Eisai er mjög þekkt lyfjafyrirtæki og framleiðir eitt eftirsóttasta lyfið í heiminum í dag,“ segir Ólafur Pálsson, framkvæmdastjóri viðskiptaþróunar hjá PLAIO

„Það er stórt skref fyrir okkur að fá inn þetta öfluga fyrirtæki og þetta flýtir innreið okkar á Bandaríkjamarkað.“

24/10/2024

Alda gerði á dögunum tímamótasamning við norska fyrirtækið Aker Solutions sem er dótturfyrirtæki einnar stærstu fyrirtækjasamsteypu Noregs 🥳 Frábær viðurkenning á þeirri öflugu lausn sem Alda hefur verið að þróa og er leikbreytir á sviði fjölbreytileika og inngildingar fyrir framsækin fyrirtæki. Til hamingju Þórey Vilhjálmsdóttir Proppé, Sigyn Jonsdottir og teymi!

Hugbúnaðarfyrirtækið Alda hefur gert langtíma áskriftarsamning við Aker Solutions.

17/10/2024

Frábært að deila því að við höfum leitt fjármögnun á nýsköpunarfyrirtækinu Moombix 🎼 Fyrirtækið er að um­bylta tón­list­ar­kennslu á net­inu og tengir sam­an nem­end­ur, kenn­ara og tón­listar­fólk um all­an heim.

Við hlökkum mikið til samstarfsins við Margrét Júlíana Sigurdardóttir, Svana Fridriksdottir og Aleksandar Arsovski - til hamingju og velkomin í Frumtaksfjölskylduna!

Fjárfestingarsjóðurinn Frumtak Ventures hefur ásamt hópi fjárfesta fjárfest fyrir samtals 330 milljónir króna í íslenska nýsköpunarfyrirtækinu Moombix.