Frumtak Ventures (Fourth Fund)

Funding Details
Awarder
Inbox
Date Award
July 13, 2024
Vertical
Software, AI, Deeptech
Funding URL
View Funding Page
Funding Amount:
$87,000,000

Company Info
Founding Year
2009
Organizations Involved
Crowberry, Sidekick Health, Controlant
Founders
Svana Gunnarsdottir, Andri Heiðar Kristinsson, Ásthildur Otharsdóttir
Company Description
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
Location
Iceland

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