Crowberry Capital is a venture capital firm based in Reykjavik, Iceland, focused on seed and early-stage technology startups across the Nordic region. The firm backs teams with strong technology advantages and supports building fast-growing, international companies that can scale beyond the Nordics. It emphasizes a hands-on approach throughout the investment cycle, from seed to exit. The team combines extensive experience in managing technology startups and exits with a global outlook gained from work in multiple countries. Investments span sectors such as health tech, software-as-a-service, fintech, gaming and consumer products, reflecting a broad tech mandate in the Nordic ecosystem.
Brunnur Ventures is a Reykjavik-based venture capital firm that invests in Icelandic startups and growth companies. The firm maintains a flexible investment mandate with no specific industry focus and has the ability to participate in international deals as portfolio companies expand abroad. Brunnur Ventures aims to create value, foster innovation, and drive economic growth by supporting entrepreneurship and helping high-potential Icelandic companies scale to regional and global markets.
Nordic Investment Bank is an international financial institution headquartered in Helsinki, Finland. It provides sustainable, long-term financing to public and private sector clients on market terms, offering loans and guarantees for energy, environment, transport, infrastructure, telecom, and related projects. Owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, the bank funds its lending through international capital markets. It serves governments, municipalities, large and mid-cap companies, financial institutions, and small and medium enterprises in member and non-member countries, and may support on-lending through financial intermediaries. Its projects emphasize competitiveness and sustainability in the Nordic-Baltic region.
SA Framtak GP ehf. is a venture capital firm based in Reykjavik, Iceland, that focuses on investing in startups and growth capital across various sectors, including software, internet, high-tech, biotech, energy technology, marine technology, and food manufacturing. The firm targets Icelandic startups and typically invests amounts ranging from 100 million ISK to 500 million ISK. It requires an average growth rate of 30% and prefers to make investments over a period of three to five years.
EASME is a European Union executive agency that supports small and medium-sized enterprises and promotes innovation in Europe. It manages projects in the areas of small and medium-sized enterprises, as well as the environment, energy, and maritime sectors, funded by COSME, LIFE, and EMFF. EASME organizes the European Sustainable Energy Week and serves industries such as environmental management, energy production, and maritime activities.
Founded in 2008, Frumtak Ventures is a venture capital firm based in Reykjavik, Iceland. It invests in early-stage technology companies with a focus on software and artificial intelligence, demonstrating early traction and potential for global leadership.
Investa is an early-stage investor focused on Iceland's innovative startups, primarily in the technology sector. The company targets firms that offer products and solutions with international appeal, opting to invest in a limited number of startups to ensure dedicated support and involvement. Alongside its investment activities, Investa also provides advisory services to companies, investors, and institutions, assisting them in evaluating new opportunities. This dual approach allows Investa to foster growth in the startups it supports while contributing to the broader entrepreneurial landscape in Iceland.
Founded in 2012, Monterro is a Stockholm-based private equity firm that invests in Nordic B2B software companies. Unlike traditional investors, Monterro's founders and employees have extensive experience in founding, managing, and developing software companies themselves. They provide funding and active support to facilitate company growth.
Founded in 2003, Thule Investments is a private equity firm headquartered in Reykjavik, Iceland. The company focuses on investments in companies based in Iceland, Europe, and the USA.
Founded in Stockholm, Sweden, AB Max Sievert is a private equity firm specializing in buyouts and acquisition. It primarily invests in companies operating within the materials, industrials, consumer markets, healthcare, IT, and telecommunication sectors across Nordic regions (Denmark, Finland, Iceland, Norway, Sweden). The firm typically considers investments of at least $5 million in equity for companies with minimum sales value of $10 million, aiming to take majority stakes.
Founded in 2018, Brightly Ventures is a Stockholm-based venture capital firm specializing in early-stage investments. It focuses on the Nordic region and sectors such as HealthTech, FinTech, Marketplaces, DeepTech, and MediaTech. The firm invests between SEK 2 million to SEK 50 million, with enterprise values ranging up to SEK 150 million.
Kvika Asset Management is an Icelandic-based firm offering a diverse range of investment products, spanning fixed-income securities, equities, and private equity across both domestic and international markets.
Landsbankinn is a banking institution based in Reykjavik, Iceland, offering a comprehensive range of financial services. These services include retail and corporate banking, investment banking, and asset management. The bank provides various products such as savings accounts, loans, credit and debit cards, as well as inflation-indexed and non-indexed loans, including specific options for car financing. Additionally, Landsbankinn emphasizes customer due diligence and offers online and mobile banking solutions to enhance accessibility for its clients. Through its diverse offerings, the bank aims to meet the varied financial needs of both individual and corporate customers.
Founded in 2016, Wave Ventures is a venture capital firm specializing in pre-seed investments across the Nordics and Baltic regions. Based primarily in Finland with an additional office in Sweden, it focuses on supporting Gen Z entrepreneurs at the earliest stage.
Smedvig Capital, established in 1996 and headquartered in London, is a private equity and venture capital firm focusing on direct investments in early to late-stage technology and B2B SaaS companies. It primarily invests in the United Kingdom, the Netherlands, and the Nordics, with a typical investment size ranging from £2 million to £15 million. The firm also considers fund of fund investments and co-investments in larger financings.
MGMT Ventures is a venture capital firm founded in 2019 and based in Reykjavík, Iceland. It focuses on investments in information technology and supports founders who push the boundaries of innovation in emerging and future industries.
Healthline Media is a leading global health information company. Established in 1999, it provides reliable health content through its flagship platforms Healthline.com and YourDoctor.com, reaching over 85 million people monthly. The company offers expert content alongside genuine care, supporting users towards better health outcomes. With offices across San Francisco, New York City, UK, Iceland, and Taiwan, Healthline Media is committed to expanding its reach and impact worldwide.
Founded in 1988, Columbia Ventures is a private investment firm based in Vancouver, Washington. It specializes in strategic, innovative, or contrarian opportunities across various sectors including B2B/B2C services, healthcare, information technology, manufacturing, construction technology, life sciences, real estate technology, agriculture technology, and augmented reality.
Preato Capital is a private equity firm based in Stockholm with an office in Helsinki, focusing on buyouts of small and medium-sized companies in the Nordic region. Founded in 2004, the firm typically makes balance sheet investments and prefers majority stakes, often with management or owners co-investing alongside the firm. It pursues opportunities across sectors, with emphasis on manufacturing, retail, and services, and operates in Sweden, Norway, Iceland, Denmark and Finland. Typical transaction sizes range from €5 million to €20 million, corresponding to enterprise values roughly SEK 50 million to SEK 300 million.
Íslandsbanki is a commercial bank based in Kopavogur, Iceland, founded in 1990. The bank provides a range of financial services, including mortgages, pension plans, credit cards, and online banking, catering to households, corporations, and investors. It specializes in sectors such as fisheries, energy, tourism, and oil and gas, focusing on both domestic and North Atlantic markets. For its commercial clients, Íslandsbanki offers services related to the purchase and sale of businesses, acquisitions and mergers, asset sales, and other ownership-related activities.
CryptoStar Corp is a cryptocurrency mining company operating in Canada, the United States, and Iceland. Based in Toronto, Canada, the company provides infrastructure solutions within the blockchain industry. CryptoStar engages in mining digital currencies and operates data centers globally. Its business segments are divided by geographical locations (Canada and the USA) and operations (self-mining, hosting, and miner sales), with a significant portion of its revenue generated from the United States. The company earns income through digital currency received for providing mining services to blockchain networks.
Founded in 2001, Alliance Venture is a venture capital firm headquartered in Oslo, Norway with additional offices in Palo Alto and Stockholm. It specializes in early-stage investments in technology companies across Norway.
Sisu Game Ventures is an early-stage venture capital firm focused on gaming, founded in 2014 and based in Helsinki, Finland. It concentrates on investing in Nordic gaming startups while maintaining a global founder network. The team draws on extensive experience in the game industry and startups, having founded and built numerous game companies since the 1990s and delivered several exits. Beyond funding, the firm leverages its expertise as a studio builder to help founders shape their teams, refine product strategy, and assemble the right investor syndicate for growth.
Founded in 1999, Versant Ventures is a global healthcare investment firm dedicated to supporting exceptional entrepreneurs building innovative companies. With over $2 billion under management and offices across North America and Europe, the firm invests across all stages of healthcare company development, with a focus on novel therapeutics. Versant's team, with deep investment, operating, and scientific expertise, takes a hands-on approach to company building.
KBC Fund Management is a Dublin-based money management firm specializing in asset management and mutual funds. Established in 2007, it manages balanced equity and fixed-income funds and oversees a diversified fund lineup. The company operates as a subsidiary of KBC Asset Management and is part of the KBC Group. It is regulated by the Central Bank of Ireland, with assets overseen by the executive management team.
MD ONE Ventures is a London-based venture capital firm established in 2021 that concentrates on national security and deep tech innovations. It invests in companies across the United Kingdom, Europe, and allied nations, funding technologies with potential national security applications and helping them scale.
Established in 2019, Innoport is a global venture capital firm headquartered in Singapore. It focuses on investing in seed-stage startups worldwide, with a particular emphasis on the maritime and logistics sectors across Europe and Asia.
Behold Ventures is a Stockholm-based venture capital firm that specializes in early-stage investments in the video games sector. Founded in 2021, it focuses on the Nordic region while also investing across Europe, providing initial funding to startups developing games and related technologies.
WI Harper Group is a venture capital firm with cross-border operations in the United States and Greater China. Founded in 1993 and based in San Francisco, the firm maintains a presence in Beijing and Taipei and invests in early and early-expansion stages across the United States, Mainland China, Taiwan and the Asia Pacific. It focuses on technology, healthcare, biotech, artificial intelligence, robotics, fintech, sustainability and new media, supporting portfolio companies from seed through growth rounds and working to help them scale globally through international collaboration.
Digital Currency Group is a Stamford, Connecticut-based corporate venture capital firm that invests in and supports companies operating in fintech, bitcoin, web3 infrastructure, platforms, decentralized finance, data, metaverse, and blockchain sectors. Through its portfolio, the firm provides capital and strategic guidance to a global network of startups and mature ventures. Digital Currency Group also owns and operates CoinDesk, a prominent blockchain media and events platform, Genesis Trading, a leading bitcoin brokerage, and Grayscale Investments, a major digital asset management firm, which together extend its ecosystem beyond investment into media, trading, and asset management services.
Sukna Ventures is the venture capital arm of Sukna Capital, founded in 2012 and based in Riyadh, Saudi Arabia, focusing on investing in general technology and digital transformation sectors.
Founded in Lisbon in 2013, Faber is a venture capital firm focusing on early-stage deep tech startups. It invests in innovative companies at the intersection of science and technology, with a specialization in AI/Data, Web3, and Ocean/Climate technologies. Faber's unique approach combines dedicated funds, investment teams, and expert advisors to support founders building global companies.
Two Ravens is a venture capital firm established in 2013 and located in Bellevue, Washington. The firm specializes in investing in pre-seed and early-seed-stage technology companies, aiming to support innovative startups in their formative stages. Through its strategic investments, Two Ravens seeks to identify and nurture promising business ideas that have the potential to shape the future of technology.
Riverstone Ventures is a venture capital firm based in New York. It focuses on investing in early-stage climate technology startups across sectors such as electrification & storage, transportation, agriculture, emissions, natural resources, and efficiency.
Scottish Equity Partners is an investment firm focusing on direct and secondary direct investments, primarily in technology-enabled and growth-oriented companies in the United Kingdom, with activity in Europe. It targets sectors such as consumer internet, information technology, software, e-commerce, telecommunications, digital media, healthcare, energy efficiency, and renewable energy infrastructure. The firm typically invests from around £1 million to £40 million, often taking the lead in deals and sometimes co-investing with other venture capital and growth funds, and seeks to take minority or majority stakes while working with management to avoid controlling ownership. It pursues both direct equity investments and secondary direct opportunities, including infrastructure finance for small-scale clean energy projects. Founded in 2000 and based in Glasgow, with offices in London and Edinburgh, Scottish Equity Partners has a focus on the UK, Scotland, and Ireland, and leverages its network to support international expansion. It avoids investments in activities related to armaments, gambling, tobacco, pornography, or genetic modification that breaches legislation.
Andreessen Horowitz is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz and based in Menlo Park, California. It funds startups across the entire lifecycle, from seed to growth, with a broad focus on software and technology-enabled businesses. The firm backs companies in software, cloud infrastructure, digital platforms, data storage, and mobile and Internet services, as well as sectors at the intersection of technology with life sciences, such as bio healthcare and computational medicine. Its investments span artificial intelligence, fintech, consumer and enterprise software, crypto and blockchain, cybersecurity, and related infrastructure. Through strategic guidance and a hands-on approach, the firm aims to help portfolio companies scale and innovate.
Founded in 1998, Tencent is a leading global technology company based in China. It operates the world's largest game publishing business and owns WeChat, one of the most widely used messaging apps globally with over 1 billion users. The company offers a range of services including social networking, gaming, fintech, cloud computing, online advertising, and digital content.
Ardian, established in 1996, is a France-based asset manager offering global investment management services. It primarily focuses on fund of funds (55.21%), followed by direct funds (19.79%), infrastructure (16.67%), and private debt (7.29%), with a minor allocation to real estate (1.04%). Ardian invests across various sectors, including food value chain, healthcare, technology, and industrials, with a presence in Europe and North America.
byFounders is a venture capital firm founded in 2017 and based in Copenhagen, Denmark. It invests in early‑stage technology companies across the Nordic and Baltic regions, providing capital and practical support to founders seeking to build globally ambitious businesses. The organization is a collective of accomplished entrepreneurs who invest in and mentor the next generation of startups, operating on a founder‑centric ethos described as for founders, byFounders. Its focus includes information technology and related tech sectors, with a hands‑on approach that helps portfolio companies scale and navigate the regional ecosystem through active involvement in growth strategy and governance.
Founded in 2016, Karma Ventures is a Tallinn-based venture capital firm specializing in late seed and Series A investments in Europe's most promising deep tech startups. The company focuses on backing companies with strong ideas, unique technology, customer traction, and global ambition.
The Scottish Investment Bank is a public body supporting economic growth in Scotland. It facilitates finance for small to medium-sized businesses, focusing on sectors such as renewable energy, technology, life sciences, and creative industries. The bank works closely with portfolio companies to strengthen management teams and accelerate growth.
Alibaba Group facilitates online marketplaces connecting buyers and sellers globally. It specializes in retail and wholesale transactions via platforms like Taobao and Tmall. Additionally, it offers cloud computing services and digital media entertainment.
HTC is a Taiwanese consumer electronics company that designs, manufactures, and sells mobile devices and virtual reality products. Headquartered in New Taipei City, the company develops smartphones and tablets for global markets and licenses devices under various brand names, including its own HTC brand as well as operator and OEM variants. It maintains a history of partnerships and brands such as Dopod and Qtek and has pursued the full cycle from research and design to manufacture and after-sales services. In addition to mobile devices, HTC develops immersive virtual reality products through its Vive line, offering high-definition headsets and related software for consumer use. The company focuses on advancing mobile and VR technologies and positioning itself as a technology provider across hardware, accessories, and support services.
Founded in 2000, General Catalyst is a venture capital firm specializing in early-stage and growth equity investments. It focuses on accelerating ideas, careers, and companies towards success by providing ongoing momentum and mentorship based on deep experience.
Founded in 1892, General Electric is a multinational conglomerate operating in various sectors including power and water, oil and gas, aviation, healthcare, transportation, appliances, and financial services. It offers a wide range of products and services, from jet engines and medical imaging equipment to wind turbines and home appliances. GE is committed to driving progress through its innovative technologies and sustainable practices.
Frasers Group is a United Kingdom-based retailer focused on sports, premium lifestyle, and luxury brands. It owns and operates a diverse mix of brands including Sports Direct, House of Fraser, Flannels, Amara Living, Evans Cycles, Game, and Jack Wills, offering apparel, footwear, accessories, and related goods. The group runs across five segments—UK Sports, Premium Lifestyle, International, Property, and Financial Services—and sells through a network of stores and online platforms in the UK, Europe, Asia, Oceania, and the United States. Headquartered in Shirebrook, it has grown through acquisitions to create a multi-brand, multi-channel retail platform spanning both value and luxury segments.
Equinor is a Norway-based integrated energy company involved in the exploration, development, and production of oil and gas, with active operations in wind and solar power and a broad global footprint that includes refining, processing, and trading. The company pursues the energy transition through its corporate venture activities, supporting startups and growth-stage companies that develop technologies across energy, information technology, climate tech, and infrastructure. Through Equinor Ventures and Equinor Energy Ventures, it seeks to invest in and partner with innovative firms to accelerate renewable energy deployment, efficiency, and storage, typically taking minority positions and pursuing co-investments to complement its core oil and gas businesses.
Cherubic Ventures, established in 2014, is a global early-stage venture capital firm with offices in San Francisco, Singapore, and Taipei. It manages a total of 400 million USD in assets. The firm focuses on seed-stage investments, backing innovative companies that aim to disrupt industries. Some of its notable portfolio companies include Flexport, Hims & Hers, Calm, 91APP, Paidy, Tezign, and Pinkoi.
Tengelmann Ventures is an early-stage venture capital firm based in Essen, Germany, established in 2009. The firm focuses on empowering the next generation of consumer-centric entrepreneurs in both business-to-consumer and business-to-business sectors. Tengelmann Ventures invests in early-stage companies that operate within the realms of consumer internet, digital services, and emerging technologies, aiming to support innovative solutions and drive growth in these dynamic fields.