Organization · Venture Capital
Frumtak Ventures
Frumtak Ventures is a venture capital firm based in Iceland, focusing on early-stage investments in innovative companies with global potential. The firm employs a high-conviction approach, collaborating closely with portfolio companies to drive growth.
Overview
What Frumtak Ventures does
What Frumtak Ventures is
Frumtak Ventures is a venture capital firm based in Iceland, focusing on early-stage investments in innovative companies with global potential. The firm employs a high-conviction approach, collaborating closely with portfolio companies to drive growth.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2008
- Approximate age
- About 18 years
- Structured capabilities
- Funder
- Last reviewed
- March 31, 2026
Official channels
Find Frumtak Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
Frumtak Ventures as a funder
Investment thesis
Frumtak Ventures backs Icelandic founders building companies with local innovation and global potential.
Focus narrative
Frumtak Ventures invests in companies from the seed stage through to IPO, employing a concentrated and high-involvement approach. The firm typically invests between €1 million and €3 million in initial ticket sizes, collaborating closely with portfolio companies to drive growth and success.
Value beyond capital
Frumtak Ventures adds value to its portfolio companies through a high-conviction, high-involvement investment model, providing strategic support and resources to help founders scale their businesses effectively.
Terms and economics
- Typical check
- $1,100,000–$3,300,000
Focus and fit
- Stages
- Seed · Series A · Growth Equity · Ipo
- Sectors
- AI · Healthcare · Logistics · Energy · Climate · Ocean Tech · Travel
- Regions
- Europe · Global · North America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded notable exits
- Valka, Main Manager, Trackwell, DataMarket, and AGR
Portfolio context
Notable investments include: MyDello: A logistics startup that secured €3.1 million in funding from Frumtak Ventures. Euler: A company that raised €2 million in a pre-seed round co-led by Frumtak Ventures, focusing on AI-powered 3D printing software. Controlant: A supply chain visibility company recognized among Europe's fastest-growing firms. Sidekick Health: A digital health platform with partnerships with major pharmaceutical companies.
Common questions
What to know about Frumtak Ventures
Upseed classifies Frumtak Ventures under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 31, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.