69 Reykjavík Startups to Watch (and Work for) in 2023
The Reykjavík tech sector in Europe booming. In 2022, Reykjavík raised $160 Million in capital (after raising $130 Million in 2021). Whether you're an experienced investor, a determined founder, or a resourceful operator this year's list of top 69 tech startups is worth exploring. It includes companies of various sizes, ranging from those experiencing rapid growth to smaller, creative startups.
Last update: May 20, 2023
Featured companies in Reykjavík
Get access to the Seedtable database with +15,000 companies (119 from Reykjavík)Featured
Sidekick is a patient-centric digital care platform that is scalable across a wide range of chronic illnesses.
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Latest Funding
$55 Million · Series B
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Employees
51 to 100
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Industries
Health Tech
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Locations
Reykjavík
-
Contact
•••••@sidekickhealth.com
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Featured
Oculis is a clinical-stage, privately held, pharmaceutical development company focusing on ophthalmic drugs and novel drug delivery.
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Latest Funding
$57 Million · Series C
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Employees
11 to 50
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Industries
Health Tech, Deep Tech
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Locations
Reykjavík
-
Contact
•••••@oculis.com
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Featured
Setting a new standard in biosimilars
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Latest Funding
$35 Million
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Employees
251 to 500
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Industries
Biotech, Deep Tech
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Locations
Reykjavík
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Contact
•••••@alvotech.com
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List of 69 top tech companies in Reykjavík
Get access to the Seedtable database with +15k companies (119 from Reykjavík)Treble Technologies develops cutting-edge wave-based sound simulation products for the AEC industry.
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Latest Funding
$1.8 Million · Seed
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Locations
Reykjavík
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Employees
1 to 10
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Investors
Frumtak Ventures
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Contact
•••••@treble.tech
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GRID is a friendly data tool for modern teams.
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Latest Funding
$3.5 Million · Seed
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Industries
Data and Analytics
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
BlueYard Capital, New Enterprise Associates
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Contact
•••••@grid.is
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Smitten is the most fun dating app on the market!
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Latest Funding
$2.7 Million · Seed
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Industries
Mobile, Consumer Social, Dating
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2C, FREEMIUM
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Investors
Atomico, Tiny VC, byFounders
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Contact
•••••@smittendating.com
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Lucinity uses Human AI to help banks fight financial crime more efficiently.
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Latest Funding
$2 Million · Seed
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Industries
Fintech, AI, Deep Tech, Data and Analytics, Privacy and Security
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Locations
Reykjavík
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Employees
51 to 100
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Business Model
B2B, SAAS
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Investors
byFounders, Karma Venture, Keen Venture Partners
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Contact
•••••@lucinity.com
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Controlant is a supply chain company for heavily regulated industries such as pharmaceuticals & life sciences and food & beverage sectors.
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Latest Funding
$7.7 Million
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Industries
Foodtech, Mobile, Manufacturing, Internet of Things, Developer Tools, Supply Chain & Logistics
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Locations
Reykjavík
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Employees
101 to 250
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Business Model
B2B
-
Contact
•••••@controlant.com
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We help clubs, coaches, parents, and ultimately the players to better harness the life developing in sports.
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Latest Funding
$3.6 Million · Seed
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Industries
Sportstech
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Frumtak Ventures
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Contact
•••••@sportabler.com
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Breakroom is the way to turn your virtual reality headset into a multi-monitor system.
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Latest Funding
$410 Thousand · Pre Seed
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Industries
AR / VR, Hiring and Recruitement
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, B2C, MARKETPLACE
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Investors
Northzone
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Contact
•••••@murevr.com
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Rocky Road intends to create the world's first casual open world mobile game based on real-world map data.
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Latest Funding
$2.5 Million · Seed
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Industries
Gaming
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Locations
Reykjavík
- Employees
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Business Model
B2C
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Investors
Sisu Game Ventures
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Contact
•••••@rockyroad.io
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1939 Games is a indie game development studio that focuses on WWII gaming experiences.
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Latest Funding
$1.9 Million
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Industries
Gaming
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2C
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Investors
Sisu Game Ventures
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Contact
•••••@1939games.com
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Good Good emphasizes on online sales.
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Latest Funding
$3 Million
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Industries
Foodtech, Manufacturing, Ecommerce
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2B, B2C
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Contact
•••••@goodgood.net
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Ankeri provides cloud based platform for ship owners and charterers to communicate and share ship data with focus on ship performance.
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Latest Funding
$2.3 Million · Seed
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Locations
Reykjavík
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Employees
1 to 10
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Investors
Frumtak Ventures
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Contact
•••••@ankeri.net
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PLAIO Planner is the painkiller and the vitamin that the Generic Pharmaceutical industry needs.
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Latest Funding
$2.3 Million · Seed
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Industries
Pharma, Business Intelligence
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Locations
Reykjavík
- Employees
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Business Model
B2B, SAAS
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Investors
Frumtak Ventures
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Contact
•••••@plaio.io
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Quest Portal makes role-play and tell fantastical stories together by means of crafting and creates characters.
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Industries
Gaming, Sales and Marketing, Art
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2C
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Investors
Moonfire Ventures
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Contact
•••••@questportal.com
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GreenBytes is a restaurant management tool for optimized ordering.
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Latest Funding
$990 Thousand · Pre Seed
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Industries
Foodtech, Ecommerce
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
APX
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Contact
•••••@greenbytes.is
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Indo is a mobile first technologically advanced neo-bank.
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Latest Funding
$4.5 Million · Seed
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Industries
Fintech
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Locations
Reykjavík
-
Employees
1 to 10
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Contact
•••••@indo.is
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EpiEndo Pharmaceuticals is a clinical biopharmaceutical company focused on novel solutions for chronic airway diseases.
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Latest Funding
$910 Thousand · Pre Seed
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Industries
Health Tech, Deep Tech, Pharma
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B
-
Contact
•••••@epiendo.com
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Thor-Ice specializes in making and managing slurry Ice systems for rapid chilling of fish, poultry and other food products.
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Latest Funding
$3.5 Million
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Industries
Agritech, Foodtech, Manufacturing, Enterprise Software
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B
-
Contact
•••••@thorice.is
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Justikal is an e-court system that allows different stakeholders in legal proceedings to handle documents in a trusted and secure way.
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Latest Funding
$2.8 Million · Seed
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Industries
Legal Tech, Identity Management
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Locations
Reykjavík
- Employees
-
Business Model
B2B, SAAS
-
Contact
•••••@justikal.com
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Spectaflow is a SaaS solution for accommodations businesses focused on improving housekeeping and maintenance workflows
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Latest Funding
$900 Thousand · Pre Seed
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Industries
Travel Tech, Community & Lifestyle
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Frumtak Ventures
-
Contact
•••••@spectaflow.com
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50skills is transforming how employers onboard new hires
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Latest Funding
$500 Thousand · Seed
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Industries
Hiring and Recruitement
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Frumtak Ventures
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Contact
•••••@50skills.com
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A renewable energy company focusing on creating zero-emission cities.
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Industries
Climate Tech & Green Tech, Energy & Nuclear
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Locations
Reykjavík
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Employees
11 to 50
-
Contact
•••••@arcticgreencorp.com
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Bungalo is a rental platform for rural properties with an experience twist that helps people create lasting memories.
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Industries
Proptech & Real Estate
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Locations
Reykjavík
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Employees
11 to 50
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Contact
•••••@bungalo.com
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CCP Games is an independent developer of massively multiplayer online (MMO) games.
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Locations
Reykjavík
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Employees
251 to 500
-
Contact
•••••@ccpgames.com
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Fractal 5 is a startup just exiting stealth mode and building a new social product.
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Latest Funding
$3 Million · Seed
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Industries
Mobile, Consumer Social, Media and Entertainement
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2C
-
Contact
•••••@fractal5.com
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Handpoint’s embedded payments technology enables SaaS businesses to supercharge their growth globally
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Latest Funding
$2.4 Million · Seed
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Industries
Fintech
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Locations
Reykjavík
-
Employees
11 to 50
-
Contact
•••••@handpoint.com
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Hopp is a micromobility SaaS solution & e-scooter sharing franchise for local entrepreneurs.
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Latest Funding
$2.8 Million · Seed
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Industries
Mobility & Transportation
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, SAAS
-
Contact
•••••@hopp.bike
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Kara Connect is a secure digital workstation for professionals in Health, Education and Welfare
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Latest Funding
$1.3 Million · Seed
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Industries
Health Tech
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
MARKETPLACE
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Contact
•••••@karaconnect.com
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NeckCare is healthcare IT company that provides cloud based software and IoT hardware to objectively diagnose mobility in the human body.
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Latest Funding
$930 Thousand · Seed
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Industries
Health Tech
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@neckcare.com
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Salescloud mission is to build & innovate new sales solutions for businesses across all industries and release them at affordable prices.
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Latest Funding
$4 Million
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Industries
Hardware, CPG & Consumer Goods, Manufacturing, Business Intelligence, Ecommerce
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, SAAS
-
Contact
•••••@salescloud.is
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Leviosa is a healthcare startup whose goal is to enable healthcare professionals to work more efficiently.
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Latest Funding
$700 Thousand · Seed
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Industries
Health Tech
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, SAAS
-
Contact
•••••@leviosa.is
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3Z Pharmaceuticals focuses on developing drugs that would improve the central nervous system.
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Latest Funding
$2 Million · Seed
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Locations
Reykjavík
-
Employees
1 to 10
-
Contact
•••••@3z.is
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Lumenox games is an independent game developer based in Reykjavík, Iceland.
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Industries
Gaming
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Locations
Reykjavík
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Employees
1 to 10
-
Contact
•••••@lumenoxgames.com
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AwareGO is a security awareness training and learning platform and video content.
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Latest Funding
$1.6 Million
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Industries
Edtech, Cybersecurity, Privacy and Security, Video, Communications
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2B, SAAS
-
Contact
•••••@awarego.com
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Dohop powers connections between all types of transport providers without the limitations of legacy technology.
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Industries
Travel Tech, Mobile, Community & Lifestyle
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Locations
Reykjavík
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Employees
51 to 100
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Business Model
B2B, B2C
-
Contact
•••••@dohop.com
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Nanitor Vulnerability Management platform providing visibility and control in cybersecurity
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Latest Funding
$830 Thousand · Seed
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Industries
Cybersecurity, Privacy and Security
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2B, SAAS
-
Contact
•••••@nanitor.com
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PayAnalytics makes compensation analytics software that helps companies monitor and address diverse pay gaps, including the gender pay gap.
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Latest Funding
$530 Thousand · Seed
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Industries
Fintech, Hiring and Recruitement
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2B, SAAS
-
Contact
•••••@payanalytics.com
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Memento Payments offer the next generation social payment platform for banks.
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Latest Funding
$1.2 Million
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Industries
Fintech, Mobile, Payments
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, SAAS
-
Contact
•••••@mementopayments.com
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We're producing sustainable, plant-based foods from the Arctic. Iceland’s first plant-based cod and seafood!
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Latest Funding
$650 Thousand · Pre Seed
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Industries
Foodtech, Manufacturing
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, B2C
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Contact
•••••@lokifoods.com
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Overtune is a mobile platform where you arrange sounds, record a voice video and share it on your socials.
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Latest Funding
$150 Thousand · Pre Seed
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Industries
Music and Audio, Mobile, Consumer Social
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2C, SAAS
-
Contact
•••••@overtune.com
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Activity Stream makes client's organization better by turning business data into actionable intelligence and insights.
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Industries
Data and Analytics
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Locations
Reykjavík
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Employees
11 to 50
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Contact
•••••@activitystream.com
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Evolytes is an educational platform that teaches children mathematics faster and more effectively through a mobile game.
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Latest Funding
$520 Thousand · Seed
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Industries
Edtech
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, B2C, FREEMIUM
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Contact
•••••@evolytes.com
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Monerium is a regulated financial services company making currency more accessible, secure, and simple to transact.
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Latest Funding
$2 Million · Seed
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Industries
Fintech, Crypto & web3
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Locations
Reykjavík
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Employees
11 to 50
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Business Model
B2B
-
Contact
•••••@monerium.com
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Costner is a start-up company that specialises in software solutions for the education sector.
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Latest Funding
$780 Thousand · Seed
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Industries
Edtech
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Locations
Reykjavík
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Employees
1 to 10
-
Contact
•••••@learncove.io
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A pharmaceutical company providing solutions for people that want to use high quality herbal medicinal products
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Industries
Health Tech
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Locations
Reykjavík
-
Employees
1 to 10
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Contact
•••••@florealis.is
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InfoMentor is an online solution that connects planning with assessment and reduces teachers workload.
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Industries
Edtech
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Locations
Reykjavík
-
Employees
11 to 50
-
Contact
•••••@mentor.is
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An award-winning trip planning solution now available for Travel Agencies, OTA’s, Airlines, Travel Services and Bloggers/Indie Media.
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Industries
Travel Tech
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Locations
Reykjavík
-
Employees
11 to 50
-
Contact
•••••@tripcreator.com
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Arctic Theory is a game development company focused on massively multiplayer games using innovative technology.
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Latest Funding
$2 Million · Seed
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Industries
Gaming
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Locations
Reykjavík
-
Employees
1 to 10
-
Business Model
B2C
-
Contact
•••••@arctictheory.com
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HorseDay is a training programme created especially for horse owners, trainers, and lovers.
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Latest Funding
$700 Thousand
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Industries
Sportstech, Mobile, Business Intelligence
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Locations
Reykjavík
-
Employees
1 to 10
-
Contact
•••••@horseday.is
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Teatime Games is an Iceland-based gaming startup that reinvents social games.
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Locations
Reykjavík
- Employees
-
Contact
•••••@teatime.games
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Actionable real-time process analytics for the metals industry.
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Industries
Data and Analytics
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Locations
Reykjavík
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Employees
11 to 50
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Contact
•••••@dte.ai
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Zero carbon process for nitrogen fertilizer production
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Latest Funding
$310 Thousand · Pre Seed
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Industries
Climate Tech & Green Tech, Agritech, Biotech, Manufacturing
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B
-
Contact
•••••@atmonia.com
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Nox Medical, a part of Nox Health, is a global sleep health technology company
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Industries
Health Tech
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Locations
Reykjavík
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Employees
101 to 250
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Contact
•••••@noxmedical.com
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Guide to Iceland is the official travel information provider for the City of Reykjavík.
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Industries
Travel Tech
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Locations
Reykjavík
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Employees
11 to 50
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Contact
•••••@guidetoiceland.is
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Esports Coaching Academy is a provider of esports training.
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Latest Funding
$750 Thousand
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Industries
Edtech, Gaming, Sportstech, Fitness, Esports
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Locations
Reykjavík
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Employees
1 to 10
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Contact
•••••@eca.gg
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Sólfar Studios is a virtual reality studio behind Godling.
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Locations
Reykjavík
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Employees
1 to 10
-
Contact
•••••@solfar.com
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Wave creates a new dimension to your music making!
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Industries
Hardware, Music and Audio, Manufacturing, Wearables
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2C, SAAS
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Contact
•••••@genkiinstruments.com
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On-demand micro influencer campaigns, anywhere in the world.
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Industries
Media and Entertainement
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Locations
Reykjavík
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Employees
11 to 50
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Contact
•••••@ghostlamp.com
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Hefring Marine advances the safety and performance of vessel operations with impactful insights | SaaS | AI | IoT | Autonomy
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Industries
Climate Tech & Green Tech, Deep Tech, Music and Audio, Mobility & Transportation, Internet of Things, Supply Chain & Logistics
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, SAAS
-
Contact
•••••@hefringmarine.com
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IceWind designs and manufactures small vertical axis wind turbines for telecom towers and residential applications.
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Industries
Climate Tech & Green Tech
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Locations
Reykjavík
-
Employees
1 to 10
-
Contact
•••••@icewind.is
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ARK Technology is an environmental management company that provides software solutions and advisory services for the maritime industry.
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Locations
Reykjavík
-
Employees
11 to 50
-
Contact
•••••@ark.technology
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Climate action registry
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Industries
Climate Tech & Green Tech, Fintech, Data and Analytics, Energy & Nuclear, Business Intelligence
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B
-
Contact
•••••@carbonregistry.com
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Arctic Trucks create vehicles designed to stretch horizons, to access the most remote environments on earth.
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Industries
Travel Tech
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Locations
Reykjavík
-
Employees
11 to 50
-
Contact
•••••@arctictrucks.com
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Laki Power is an Icelandic research and development company focused on eco-friendly power solutions.
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Industries
Climate Tech & Green Tech, Energy & Nuclear, Manufacturing
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Locations
Reykjavík
-
Employees
1 to 10
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Business Model
B2B
-
Contact
•••••@lakipower.com
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Lauf Forks makes ultra lightweight suspension forks for gravel bikes, cyclocross bikes, XC hardtails and fatbikes.
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Industries
Sportstech
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Locations
Reykjavík
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Employees
1 to 10
-
Contact
•••••@laufforks.com
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Greenqloud is a software company focusing on their premier software, Qstack, a leading Cloud Management Platform (CMP).
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Locations
Reykjavík
-
Employees
11 to 50
-
Contact
•••••@qstack.com
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Quick Lookup is a data service company that offers curated and linked datasets to businesses.
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Industries
Data and Analytics, Business Intelligence, Developer Tools
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Locations
Reykjavík
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Employees
1 to 10
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Business Model
B2B, SAAS
-
Contact
•••••@quicklookup.com
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