69 Best Reykjavík Startups to Watch in 2024
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company | score | funding | investors | employees | industries | biz model | city | contact |
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Actionable real-time process analytics for the metals industry. |
$6M · Series A | EIC Accelerator, Metaplanet Holdings | 11 to 50 | Manufacturing | B2B | Reykjavík, Iceland | •••••••••••@dte.ai | |
Modular blockchain developer. |
$15M · Seed | Tribe Capital, ConsenSys, Jump Capital | 11 to 50 | Crypto & web3, Deep Tech | B2B, SaaS | Reykjavík, Iceland | •••••••••••@lavanet.xyz | |
Independent games publisher. |
$16M · Series A | A16Z, General Catalyst, New Enterprise Associates | 251 to 500 | Gaming, Publishing | B2C | Reykjavík, Iceland | •••••••••••@ccpgames.com | |
Quest Portal makes role-play and tell fantastical stories together by means of crafting and creates characters. |
$7M · Seed | Moonfire Ventures | 11 to 50 | Gaming, Sales and Marketing, Art | B2C | Reykjavík, Iceland | •••••••••••@questportal.com | |
Real-time supply chain monitoring technology. |
$2M · Seed | Arion Bank, Frumtak Ventures | 101 to 250 | Internet of Things, Supply Chain & Logistics | B2B | Reykjavík, Iceland | •••••••••••@controlant.com | |
Online marketplace for travel bookings. |
$10M · Series A | General Electric | 51 to 100 | Travel Tech | Marketplace | Reykjavík, Iceland | •••••••••••@travelshift.com | |
Treble Technologies develops cutting-edge wave-based sound simulation products for the AEC industry. |
$5M | Frumtak Ventures | 1 to 10 | Reykjavík, Iceland | •••••••••••@treble.tech | |||
Rocky Road intends to create the world's first casual open world mobile game based on real-world map data. |
$3M · Seed | Luminar Ventures, Sisu Game Ventures | Gaming | B2C | Reykjavík, Iceland | •••••••••••@rockyroad.io | ||
Sidekick is a patient-centric digital care platform that is scalable across a wide range of chronic illnesses. |
$55M · Series B | 51 to 100 | Health Tech | Reykjavík, Iceland | •••••••••••@sidekickhealth.com | |||
Oculis is a clinical-stage, privately held, pharmaceutical development company focusing on ophthalmic drugs and novel drug delivery. |
$57M · Series C | 11 to 50 | Health Tech, Deep Tech | Reykjavík, Iceland | •••••••••••@oculis.com | |||
Platform for power-intensive industries to minimise their electricity costs |
$2M · Seed | Backing Minds, Crowberry Capital | 1 to 10 | Energy & Nuclear | B2B, SaaS | Reykjavík, Iceland | •••••••••••@snerpapower.com | |
Laki Power is an Icelandic research and development company focused on eco-friendly power solutions. |
$3M · Seed | Brunnur Ventures | 1 to 10 | Climate Tech & Green Tech, Energy & Nuclear, Manufacturing | B2B | Reykjavík, Iceland | •••••••••••@lakipower.com | |
Smitten is the most fun dating app on the market! |
$2M · Seed | Atomico, Tiny VC, byFounders | 11 to 50 | Mobile, Consumer Social, Dating | B2C, Freemium | Reykjavík, Iceland | •••••••••••@smittendating.com | |
Lucinity uses Human AI to help banks fight financial crime more efficiently. |
$2M · Seed | Keen Venture Partners, Karma Venture, byFounders | 51 to 100 | Fintech, AI, Deep Tech, Data and Analytics, Privacy and Security | B2B, SaaS | Reykjavík, Iceland | •••••••••••@lucinity.com | |
Ops platform for tour operators. |
$2M · Seed | Brunnur Ventures | 1 to 10 | Travel Tech | Reykjavík, Iceland | •••••••••••@paxflow.io | ||
GRID is a friendly data tool for modern teams. |
$3M · Seed | New Enterprise Associates, BlueYard Capital | 11 to 50 | Data and Analytics | B2B, SaaS | Reykjavík, Iceland | •••••••••••@grid.is | |
Setting a new standard in biosimilars |
$35M | 251 to 500 | Biotech, Deep Tech | Reykjavík, Iceland | •••••••••••@alvotech.com | |||
IceWind designs and manufactures small vertical axis wind turbines for telecom towers and residential applications. |
$108k · Pre Seed | DIANA | 1 to 10 | Climate Tech & Green Tech, Energy & Nuclear | B2B | Reykjavík, Iceland | •••••••••••@icewind.is | |
Breakroom is the way to turn your virtual reality headset into a multi-monitor system. |
$412k · Pre Seed | Northzone | 1 to 10 | AR / VR, Hiring and Recruitement | B2B, B2C, Marketplace | Reykjavík, Iceland | •••••••••••@murevr.com | |
PLAIO Planner is the painkiller and the vitamin that the Generic Pharmaceutical industry needs. |
$2M · Seed | Frumtak Ventures | Pharma, Business Intelligence | B2B, SaaS | Reykjavík, Iceland | •••••••••••@plaio.io | ||
Ankeri provides cloud based platform for ship owners and charterers to communicate and share ship data with focus on ship performance. |
$2M · Seed | Frumtak Ventures | 1 to 10 | Reykjavík, Iceland | •••••••••••@ankeri.net | |||
Good Good emphasizes on online sales. |
$3M | 11 to 50 | Foodtech, Manufacturing, Ecommerce | B2B, B2C | Reykjavík, Iceland | •••••••••••@goodgood.net | ||
Therapeutic solutions for inflammatory diseases. |
$17M · Series A | 1 to 10 | Biotech | Reykjavík, Iceland | •••••••••••@genis.is | |||
Spectaflow is a SaaS solution for accommodations businesses focused on improving housekeeping and maintenance workflows |
$900k · Pre Seed | Frumtak Ventures | 1 to 10 | Travel Tech, Community & Lifestyle | B2B, SaaS | Reykjavík, Iceland | •••••••••••@spectaflow.com | |
50skills is transforming how employers onboard new hires |
$500k · Seed | Frumtak Ventures | 11 to 50 | Hiring and Recruitement | B2B, SaaS | Reykjavík, Iceland | •••••••••••@50skills.com | |
Sports management platform. |
$800k · Pre Seed | Frumtak Ventures | 11 to 50 | Sportstech | B2B, SaaS | Reykjavík, Iceland | •••••••••••@sportabler.com | |
Escooter sharing franchise. |
$4M · Seed | 1 to 10 | Mobility & Transportation | B2B, SaaS | Reykjavík, Iceland | •••••••••••@hopp.bike | ||
Manufacturer of bird-like drones. |
$2M · Seed | 1 to 10 | Drones, Manufacturing | Reykjavík, Iceland | •••••••••••@silentflyer.tech | |||
1939 Games is a indie game development studio that focuses on WWII gaming experiences. |
$1M | Sisu Game Ventures | 11 to 50 | Gaming | B2C | Reykjavík, Iceland | •••••••••••@1939games.com | |
Handpoint’s embedded payments technology enables SaaS businesses to supercharge their growth globally |
$2M · Seed | 11 to 50 | Fintech | Reykjavík, Iceland | •••••••••••@handpoint.com | |||
Kara Connect is a secure digital workstation for professionals in Health, Education and Welfare |
$1M · Seed | 1 to 10 | Health Tech | Marketplace | Reykjavík, Iceland | •••••••••••@karaconnect.com | ||
NeckCare is healthcare IT company that provides cloud based software and IoT hardware to objectively diagnose mobility in the human body. |
$930k · Seed | 11 to 50 | Health Tech | B2B | Reykjavík, Iceland | •••••••••••@neckcare.com | ||
Salescloud mission is to build & innovate new sales solutions for businesses across all industries and release them at affordable prices. |
$4M | 1 to 10 | Hardware, CPG & Consumer Goods, Manufacturing, Business Intelligence, Ecommerce | B2B, SaaS | Reykjavík, Iceland | •••••••••••@salescloud.is | ||
Fractal 5 is a startup just exiting stealth mode and building a new social product. |
$3M · Seed | 1 to 10 | Mobile, Consumer Social, Media and Entertainement | B2C | Reykjavík, Iceland | •••••••••••@fractal5.com | ||
Simple POS for retail. |
$1M · Seed | Brunnur Ventures | 11 to 50 | Payments, Commerce and Shopping | B2B | Reykjavík, Iceland | •••••••••••@glaze.is | |
Thor-Ice specializes in making and managing slurry Ice systems for rapid chilling of fish, poultry and other food products. |
$3M | 1 to 10 | Agritech, Foodtech, Manufacturing, Enterprise Software | B2B | Reykjavík, Iceland | •••••••••••@thorice.is | ||
Indo is a mobile first technologically advanced neo-bank. |
$4M · Seed | 1 to 10 | Fintech | Reykjavík, Iceland | •••••••••••@indo.is | |||
GreenBytes is a restaurant management tool for optimized ordering. |
$992k · Pre Seed | APX | 1 to 10 | Foodtech, Ecommerce | B2B, SaaS | Reykjavík, Iceland | •••••••••••@greenbytes.is | |
EpiEndo Pharmaceuticals is a clinical biopharmaceutical company focused on novel solutions for chronic airway diseases. |
$910k · Pre Seed | 1 to 10 | Health Tech, Deep Tech, Pharma | B2B | Reykjavík, Iceland | •••••••••••@epiendo.com | ||
Justikal is an e-court system that allows different stakeholders in legal proceedings to handle documents in a trusted and secure way. |
$2M · Seed | Legal Tech, Identity Management | B2B, SaaS | Reykjavík, Iceland | •••••••••••@justikal.com | |||
Nanitor Vulnerability Management platform providing visibility and control in cybersecurity |
$825k · Seed | 11 to 50 | Cybersecurity, Privacy and Security | B2B, SaaS | Reykjavík, Iceland | •••••••••••@nanitor.com | ||
PayAnalytics makes compensation analytics software that helps companies monitor and address diverse pay gaps, including the gender pay gap. |
$525k · Seed | 11 to 50 | Fintech, Hiring and Recruitement | B2B, SaaS | Reykjavík, Iceland | •••••••••••@payanalytics.com | ||
Esports Coaching Academy is a provider of esports training. |
$750k | 1 to 10 | Edtech, Gaming, Sportstech, Fitness, Esports | Reykjavík, Iceland | •••••••••••@eca.gg | |||
Arctic Theory is a game development company focused on massively multiplayer games using innovative technology. |
$2M · Seed | 1 to 10 | Gaming | B2C | Reykjavík, Iceland | •••••••••••@arctictheory.com | ||
AwareGO is a security awareness training and learning platform and video content. |
$1M | 11 to 50 | Edtech, Cybersecurity, Privacy and Security, Video, Communications | B2B, SaaS | Reykjavík, Iceland | •••••••••••@awarego.com | ||
Memento Payments offer the next generation social payment platform for banks. |
$1M | 1 to 10 | Fintech, Mobile, Payments | B2B, SaaS | Reykjavík, Iceland | •••••••••••@mementopayments.com | ||
Monerium is a regulated financial services company making currency more accessible, secure, and simple to transact. |
$2M · Seed | 11 to 50 | Fintech, Crypto & web3 | B2B | Reykjavík, Iceland | •••••••••••@monerium.com | ||
Costner is a start-up company that specialises in software solutions for the education sector. |
$775k · Seed | 1 to 10 | Edtech | Reykjavík, Iceland | •••••••••••@learncove.io | |||
Leviosa is a healthcare startup whose goal is to enable healthcare professionals to work more efficiently. |
$700k · Seed | 1 to 10 | Health Tech | B2B, SaaS | Reykjavík, Iceland | •••••••••••@leviosa.is | ||
HorseDay is a training programme created especially for horse owners, trainers, and lovers. |
$700k | 1 to 10 | Sportstech, Mobile, Business Intelligence | Reykjavík, Iceland | •••••••••••@horseday.is | |||
We're producing sustainable, plant-based foods from the Arctic. Iceland’s first plant-based cod and seafood! |
$650k · Pre Seed | 1 to 10 | Foodtech, Manufacturing | B2B, B2C | Reykjavík, Iceland | •••••••••••@lokifoods.com | ||
3Z Pharmaceuticals focuses on developing drugs that would improve the central nervous system. |
$2M · Seed | 1 to 10 | Reykjavík, Iceland | •••••••••••@3z.is | ||||
Zero carbon process for nitrogen fertilizer production |
$310k · Pre Seed | 1 to 10 | Climate Tech & Green Tech, Agritech, Biotech, Manufacturing | B2B | Reykjavík, Iceland | •••••••••••@atmonia.com | ||
Evolytes is an educational platform that teaches children mathematics faster and more effectively through a mobile game. |
$520k · Seed | 1 to 10 | Edtech | B2B, B2C, Freemium | Reykjavík, Iceland | •••••••••••@evolytes.com | ||
Overtune is a mobile platform where you arrange sounds, record a voice video and share it on your socials. |
$150k · Pre Seed | 1 to 10 | Music and Audio, Mobile, Consumer Social | B2C, SaaS | Reykjavík, Iceland | •••••••••••@overtune.com | ||
Climate action registry |
N/A | 1 to 10 | Climate Tech & Green Tech, Fintech, Data and Analytics, Energy & Nuclear, Business Intelligence | B2B | Reykjavík, Iceland | •••••••••••@carbonregistry.com | ||
Dohop powers connections between all types of transport providers without the limitations of legacy technology. |
N/A | 51 to 100 | Travel Tech, Mobile, Community & Lifestyle | B2B, B2C | Reykjavík, Iceland | •••••••••••@dohop.com | ||
Advania is a leading company in the field of information technology and provides customers with reliable advice and services. |
N/A | 1001 to 5000 | B2B | Reykjavík, Iceland | •••••••••••@advania.is | |||
Quick Lookup is a data service company that offers curated and linked datasets to businesses. |
N/A | 1 to 10 | Data and Analytics, Business Intelligence, Developer Tools | B2B, SaaS | Reykjavík, Iceland | •••••••••••@quicklookup.com | ||
Wave creates a new dimension to your music making! |
N/A | 1 to 10 | Hardware, Music and Audio, Manufacturing, Wearables | B2C, SaaS | Reykjavík, Iceland | •••••••••••@genkiinstruments.com | ||
Hefring Marine advances the safety and performance of vessel operations with impactful insights | SaaS | AI | IoT | Autonomy |
N/A | 1 to 10 | Climate Tech & Green Tech, Deep Tech, Music and Audio, Mobility & Transportation, Internet of Things, Supply Chain & Logistics | B2B, SaaS | Reykjavík, Iceland | •••••••••••@hefringmarine.com | ||
Retina Risk is focused on developing innovative IT-solutions for medical healthcare systems worldwide. |
N/A | 1 to 10 | Health Tech | B2B, SaaS | Reykjavík, Iceland | •••••••••••@retinarisk.com | ||
Viska is an AI powered knowledge game on mobile |
N/A | 1 to 10 | Edtech, AI, Mobile, Hiring and Recruitement | B2B, SaaS | Reykjavík, Iceland | •••••••••••@viska.com | ||
Taramar creates cosmetic products from Icelandic seaweed and medicinal herbs. |
N/A | 1 to 10 | Health Tech | Reykjavík, Iceland | •••••••••••@taramarbeauty.com | |||
Improving the travel experience by matching traveller to local advice from likeminded people with similar tastes and interests. |
N/A | 11 to 50 | Travel Tech, Media and Entertainement | Reykjavík, Iceland | •••••••••••@getlocal.is | |||
Flow develops immersive virtual reality-enhanced meditation programs. |
N/A | 1 to 10 | Health Tech | Reykjavík, Iceland | •••••••••••@flow.is | |||
A pharmaceutical company providing solutions for people that want to use high quality herbal medicinal products |
N/A | 1 to 10 | Health Tech | Reykjavík, Iceland | •••••••••••@florealis.is | |||
As We Grow is a children´s fashion label based in Reykjavik, Iceland. Focused on creating timeless, quality clothing. |
N/A | 1 to 10 | Fashion | Reykjavík, Iceland | •••••••••••@aswegrow.is | |||
A renewable energy company focusing on creating zero-emission cities. |
N/A | 11 to 50 | Climate Tech & Green Tech, Energy & Nuclear | Reykjavík, Iceland | •••••••••••@arcticgreencorp.com |
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