+264
London, U.K. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
Contact this investorsBusinesses Solutions • FinTech (& Financials services) • Retail (& E-Commerce) • A.I. (& Big Data) • HealthTech (& Fitness) • Future Of Work • Medical Devices (& Hospital Services) • Healthcare (& Wellness) • Mobility
Partner at Index Ventures
Martin Mignot serves as a Partner at Index Ventures. He also serves as Advisory Board Member at TheFamily. He specialises in SaaS, marketplaces, bitcoin and mobile. He worked on 50+ transactions to date, including Assistly, Auxmoney, BaseCRM, Cloud.com, Codecademy, DimDim, Factual, Farfetch, Flipboard, Funding Circle, Gluster, HouseTrip, Just Eat, Lookout, Nasty Gal, Notonthehighstreet, onefinestay, PeoplePerHour, TrustPilot, Soluto and SoundCloud. He is actively looking after Index's investments in Algolia, Capitaine Train, Drivy, Rad and Swiftkey. Prior to joining Index, Martin was in the TMT team at UBS Investment Bank and cofounded the beauty subscription business Boudoir Prive (acquired by Joliebox/Birchbox) and a student web radio service.
South San Francisco - San Francisco Bay Area - California, U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
Contact this investorsMedia • Businesses Solutions • A.I. (& Big Data) • Web Security (& Privacy) • Future Of Work
Index Ventures
Most Interested In
Open Source
ReykjavíK - Iceland, Iceland
Contact this investorsHospitality (& Events) • Businesses Solutions • Hardware (& Manufacturing) • Sales (& Marketing) • HealthTech (& Fitness) • Gaming (& eSports)
Board Member at Elsa Science
Founding Partner at Crowberry Capital
London, U.K. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco -
Contact this investorsCosmetics (& Fashion) • A.I. (& Big Data) • HealthTech (& Fitness) • Web Security (& Privacy) • Advertising • Food & Beverage • DeepTech • Healthcare (& Wellness) • Consumer • Woman Focused
Ian Scarffe is a born Entrepreneur and since the age of 17 founded more than twenty companies and is acting board positions of the Entrepreneurs' Organisation.
Washington - District of Columbia, U.S.A. - U.K. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Contact this investorsEducation • FinTech (& Financials services) • Retail (& E-Commerce) • A.I. (& Big Data) • Future Of Work • Woman Focused
Most Interested In
Global AI opportunities. Entrepreneurially-led companies that will benefit from balance sheet expansion and the entrepreneur has an idea of where in the balance sheet our capital is best placed. Applying analytical techniques
Not Interested In
I'm not interested in moonshots. We look for sustainable cashflow. The fund is an accelerated private equity.
, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Contact this investorsSoftware (Web Marketplace Saas..) • PropTech • FinTech (& Financials services) • HealthTech (& Fitness) • Medical Devices (& Hospital Services) • Real Estate (& Construction) • Healthcare (& Wellness)
Senior Director, Product, SailPoint
, U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
Contact this investorsCosmetics (& Fashion) • CleanTech • HealthTech (& Fitness) • Food & Beverage • Impact • Healthcare (& Wellness) • Consumer • Woman Focused
Most Interested In
Vegan Biobased Materials Plant based Cell based Fermentation FoodTech
Los Angeles - California, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Contact this investorsHospitality (& Events) • Businesses Solutions • A.I. (& Big Data) • Gaming (& eSports) • Developer tools • DeepTech • Consumer • Woman Focused
Investor in Voice // AI // Audio
New York, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Contact this investorsSoftware (Web Marketplace Saas..) • AgroTech • Retail (& E-Commerce) • IoT (& Wearables) • CleanTech • Impact • Material Science • Online Social • Consumer • Woman Focused
Founder & CEO of Another Tomorrow. Early stage investor in companies that are positive catalysts for system-wide change.
Berlin, Germany - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monac
Contact this investorsSoftware (Web Marketplace Saas..) • BioTech • HealthTech (& Fitness) • Healthcare (& Wellness) • Consumer • Woman Focused
Founder and General Partner at RTA.vc
Most Interested In
I'm interested in early stage VC funds (including solo GPs). I invested among others in these funds: Point Nine Capital, Adjacent, RABA Partnership, Market One Capital, Amino Collective.
Chicago - Illinois, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Contact this investorsRetail (& E-Commerce) • Food & Beverage • Logistics (& Distribution) • Consumer
Most Interested In
F&B, Commerce Infrastructure. $100-500K
, U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
Contact this investorsFinTech (& Financials services) • Blockchain (& Cryptos) • Web Security (& Privacy) • Developer tools
Iceland's startup ecosystem is growing, with Reykjavik being the main hub for innovation. As of 2023, Iceland is home to around 500 startups. The Icelandic government supports entrepreneurship through initiatives like the Icelandic Startups and the Icelandic Centre for Research (RANNIS), which provide funding, resources, and mentorship for startups. In 2022, Icelandic startups raised approximately €200 million in venture capital.
The Icelandic startup ecosystem comprises about 500 startups as of 2023. In 2022, these startups collectively raised around €200 million in venture capital, demonstrating a growing interest from investors. The relatively small but vibrant market shows significant potential for growth in the coming years.
Iceland's market boasts a highly educated workforce, a strong focus on sustainability, and a high quality of life. These strengths create a conducive environment for startups to innovate and thrive. Reykjavik, in particular, is known for its expertise in healthtech, fintech, and creative industries, attracting significant investments and producing notable startups like CCP Games and Controlant.
Reykjavik is the primary hub for innovation in Iceland. The city is a hotspot for healthtech, fintech, and creative industries. It attracts significant investments and fosters notable startups, including CCP Games and Controlant. Reykjavik's collaborative environment is further enhanced by the presence of world-class universities and research institutions.
While Reykjavik is the main innovation hub, other regions in Iceland are beginning to show potential. Smaller towns and cities are gradually developing their own startup communities, leveraging Iceland's strong educational system and entrepreneurial spirit. These emerging hubs are likely to contribute to the broader ecosystem in the coming years.
The Icelandic startup ecosystem benefits from a robust network of incubators, accelerators, and co-working spaces. Initiatives like Startup Reykjavik and the Iceland Ocean Cluster provide mentorship, resources, and international exposure to entrepreneurs. Government support through entities like Icelandic Startups and RANNIS further bolsters these efforts.
Despite its strengths, Iceland faces challenges such as a small domestic market and geographic isolation. These factors can limit the scalability of startups and pose logistical challenges for international expansion. Additionally, the relatively high cost of living can be a barrier for early-stage entrepreneurs.
Iceland's startup ecosystem is poised for substantial growth, driven by continuous investment and technological advancement. The country's strategic location in the North Atlantic and leadership in renewable energy offer unique opportunities for international expansion. Iceland's emphasis on sustainability and green technology is driving innovation in sectors such as renewable energy and environmental technologies.
Iceland's startup ecosystem has shown remarkable resilience and adaptability. The strong network of support systems, combined with a collaborative environment, helps startups navigate challenges and capitalize on opportunities. Iceland's pro-business policies and robust infrastructure further enhance its attractiveness for entrepreneurs and investors.
Iceland's startup ecosystem is vibrant and growing, with a significant presence of angel investors and venture capital firms driving innovation and entrepreneurship. The country's strategic location, strong emphasis on sustainability, and high quality of life make it an attractive destination for startups and investors alike. This text will explore the top angel investors, leading venture capital firms, investment size and scope, number of investments, future outlook, and the support and mentorship available in Iceland.
Some of the top angel investors in Iceland include Bala Kamallakharan, founder of Startup Iceland and Iceland Venture Studio, and Heida Thordardottir, a prominent investor with a focus on tech startups. These angel investors provide crucial early-stage funding, mentorship, and networking opportunities to promising startups, helping them navigate the challenges of the entrepreneurial landscape.
Iceland's venture capital landscape is dominated by firms like Frumtak Ventures, Eyrir Ventures, and Crowberry Capital. Frumtak Ventures focuses on growth-stage companies with a proven track record, while Eyrir Ventures targets high-tech companies with global potential. Crowberry Capital, led by three women, invests in early-stage tech startups across the Nordic region, providing not just capital but also strategic support and mentorship.
The investment size in Iceland varies widely, with angel investors typically investing between €50,000 to €200,000 in early-stage startups. Venture capital firms, on the other hand, invest larger amounts, ranging from €500,000 to several million euros, depending on the stage and potential of the startup. The focus areas include tech, healthtech, fintech, and sustainability, reflecting Iceland's strengths and priorities.
In recent years, Iceland has seen a steady increase in the number of investments in its startup ecosystem. In 2022 alone, Icelandic startups raised approximately €200 million in venture capital, with numerous deals across various sectors. The growing interest from both local and international investors underscores the potential and dynamism of Iceland's startup scene.
The future outlook for Iceland's investment market is promising, with continuous growth expected in the coming years. The country's strategic focus on sustainability, renewable energy, and technology positions it well for attracting further investments. Additionally, Iceland's robust support systems and pro-business policies are likely to drive further expansion and innovation in the startup ecosystem.
Iceland offers a strong support system for startups, including incubators, accelerators, and co-working spaces. Programs like Startup Reykjavik and the Iceland Ocean Cluster provide valuable mentorship, resources, and networking opportunities. Government initiatives, such as those led by the Icelandic Startups and the Icelandic Centre for Research (RANNIS), further bolster the support system, ensuring startups have access to the necessary tools for success.
Iceland's startup ecosystem is thriving, thanks to the active involvement of top angel investors and leading venture capital firms. With significant investments, strong support systems, and a promising future outlook, Iceland is well-positioned to continue its trajectory as a hub for innovation and entrepreneurship. As the country continues to invest in its startup ecosystem, it will undoubtedly contribute significantly to the regional and global markets, fostering a dynamic and sustainable business environment.
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