Frumtak Ventures is an Icelandic early-stage VC that focuses on investing in startups in various sectors such as software, AI, and deeptech. They have a particular interest in areas like ocean tech, logistics, healthcare, travel, energy, climate, and gender equality. Frumtak Ventures closed its fourth fund at $87m and plans to make 10-15 investments from the fund, with tickets ranging from €1m-€3m. They keep half the fund for follow-on investments.
Market
Various including ocean tech, logistics, healthcare, travel, energy, climate, and gender equality