Crowberry Capital, established in 2017 and based in Reykjavík, Iceland, is a venture capital firm that focuses on investing in seed and early-stage startups within the Nordic region. The firm is dedicated to identifying and supporting exceptional teams developing businesses that leverage technological advantages across various sectors, including healthcare technology and consumer products. With a global perspective shaped by the diverse experiences of its founding partners, who have collaborated for over seven years, Crowberry Capital emphasizes a strong follow-through approach, guiding startups from initial investment through to exit. The firm has a proven track record, having managed over 51 technology startups and achieved 15 successful exits.
Porcelain Fortress, founded in the summer of 2016 in Reykjavik, Iceland, is a video game development company focused on creating simple, enjoyable, and well-polished games for the PC market. The company aims to provide clients with a convenient and hassle-free gaming experience through its diverse range of products, which include both PC games and console offerings. With a commitment to quality and user satisfaction, Porcelain Fortress caters to gamers seeking engaging entertainment.
Lucinity
Series B in 2022
Lucinity Holding ehf. is a company that specializes in anti-money laundering solutions through its platform, ClearLens. Founded in 2018 and headquartered in Reykjavík, Iceland, with an additional office in New York, Lucinity focuses on helping financial institutions like banks and fintech companies detect and prevent money laundering. The ClearLens platform enhances the capabilities of anti-money laundering teams by enabling them to identify suspicious behavior patterns, conduct pre-evaluations, review cases, and streamline compliance processes. By utilizing advanced technologies, including augmented intelligence and generative AI, Lucinity improves operational efficiency, reduces false positives, and continuously enhances the review process. The company's commitment to innovation and user experience has positioned it as a trusted partner for organizations seeking to navigate regulatory requirements and mitigate financial crime risks effectively.
Mainframe Industries
Series B in 2021
Mainframe Industries is a gaming development company founded in 2019, with headquarters in Helsinki, Finland, and a presence in Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming. With a team that combines expertise in AAA, MMO, and mobile game development, Mainframe Industries aims to deliver a unique gaming experience that supports cross-platform play across mobile devices, PCs, and televisions. The company emphasizes the potential of friction-free access through social networks and streaming platforms to enhance the creativity and engagement of game developers and players alike.
1939
Venture Round in 2021
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.
Lucinity
Series A in 2020
Lucinity Holding ehf. is a company that specializes in anti-money laundering solutions through its platform, ClearLens. Founded in 2018 and headquartered in Reykjavík, Iceland, with an additional office in New York, Lucinity focuses on helping financial institutions like banks and fintech companies detect and prevent money laundering. The ClearLens platform enhances the capabilities of anti-money laundering teams by enabling them to identify suspicious behavior patterns, conduct pre-evaluations, review cases, and streamline compliance processes. By utilizing advanced technologies, including augmented intelligence and generative AI, Lucinity improves operational efficiency, reduces false positives, and continuously enhances the review process. The company's commitment to innovation and user experience has positioned it as a trusted partner for organizations seeking to navigate regulatory requirements and mitigate financial crime risks effectively.
1939
Venture Round in 2020
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.
Mainframe Industries
Series A in 2020
Mainframe Industries is a gaming development company founded in 2019, with headquarters in Helsinki, Finland, and a presence in Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming. With a team that combines expertise in AAA, MMO, and mobile game development, Mainframe Industries aims to deliver a unique gaming experience that supports cross-platform play across mobile devices, PCs, and televisions. The company emphasizes the potential of friction-free access through social networks and streaming platforms to enhance the creativity and engagement of game developers and players alike.
Mainframe Industries
Seed Round in 2019
Mainframe Industries is a gaming development company founded in 2019, with headquarters in Helsinki, Finland, and a presence in Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming. With a team that combines expertise in AAA, MMO, and mobile game development, Mainframe Industries aims to deliver a unique gaming experience that supports cross-platform play across mobile devices, PCs, and televisions. The company emphasizes the potential of friction-free access through social networks and streaming platforms to enhance the creativity and engagement of game developers and players alike.
Lucinity
Seed Round in 2019
Lucinity Holding ehf. is a company that specializes in anti-money laundering solutions through its platform, ClearLens. Founded in 2018 and headquartered in Reykjavík, Iceland, with an additional office in New York, Lucinity focuses on helping financial institutions like banks and fintech companies detect and prevent money laundering. The ClearLens platform enhances the capabilities of anti-money laundering teams by enabling them to identify suspicious behavior patterns, conduct pre-evaluations, review cases, and streamline compliance processes. By utilizing advanced technologies, including augmented intelligence and generative AI, Lucinity improves operational efficiency, reduces false positives, and continuously enhances the review process. The company's commitment to innovation and user experience has positioned it as a trusted partner for organizations seeking to navigate regulatory requirements and mitigate financial crime risks effectively.
1939
Seed Round in 2019
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.
1939
Seed Round in 2018
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.
Aldin Dynamics
Seed Round in 2018
Aldin® is an Icelandic VR software company founded in early 2013, focused on creating believable virtual reality experiences and technologies to sustain presence & immersion. Since its founding, the Aldin team has passionately worked towards capturing experiences that are only possible in VR, in ways that entertain and inspire diverse audiences. To achieve believable reality experiences Aldin has built a base of new XR technologies, design methods and production techniques over the course of several years. A cornerstone of the company’s technological foundation is behavior analysis, enabling more convincing VR AI character reactions and powering the Ghostline® XR toolsuite to enhance design and production of immersive content. Over 250,000 users have played Waltz of the Wizard®, Aldin's most recent experience, which was an honoree in the 2016 Proto Awards for Best Interaction Design and held the #1 spot as the highest rated VR app on Steam in 2017.
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