25 Best Startups in Iceland to Watch in 2025

The Definitive Seedtable Ranking of Startups in Iceland

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 25 start-ups with an aggregate funding of $691.4m. The average funding per company in this subset is $27.7m.

Last update to the database: Feb 18, 2025. See changelog.

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2

Funding Rounds

$133.4k

Money raised

Scintilla Iceland is an interior textile design company based in Reykjavik, Iceland.

8

Funding Rounds

$226.0m

Money raised

Kerecis is an Icelandic company developing and commercializing fish-skin products for human wounds and tissue regeneration.

3

Funding Rounds

$4.5m

Money raised

Avo is a company that provides analytics for cross-platform consumer products.

Key people:

2

Funding Rounds

$10.0m

Money raised

Authenteq provides an Omni-Channel identity verification and KYC solution that allows your customers to verify their identity through any channel without compromising their privacy.

10

Funding Rounds

$1.7m

Money raised

A privately-owned Icelandic company established in 2001. ORF Genetics Ltd. is a pioneer in genetic...

Location:

Key people:

3

Funding Rounds

$36.9m

Money raised

Oculis Labs is a company founded in 2017.

Location:

1

Funding Rounds

$8.0m

Money raised

An award-winning trip planning solution now available for Travel Agencies, OTA's, Airlines, Travel Services and Bloggers/Indie Media.

Location:

Key people:

1

Funding Rounds

$1.0m

Money raised

On-demand micro influencer campaigns, anywhere in the world.

2

Funding Rounds

$106.0m

Money raised

Icelandic Glacial is a brand of bottled water from the Ölfus spring in Iceland.

Industries:

Location:

1

Funding Rounds

$2.4m

Money raised

Plain Vanilla is an Iceland-based company founded in 2011.

Location:

2

Funding Rounds

$183.3k

Money raised

Breather Ventilation is an Iceland-based company founded in 2010 by Johannes Loftsson.

1

Funding Rounds

$44.0m

Money raised

First Water is a sustainable salmon producer founded in 2017.

1

Funding Rounds

$2.2m

Money raised

Optise is an AI-powered website analytics platform for B2B companies founded in 2025 by Vignir Jonsson, Omar Thor Omarsson and Hilmar Eidsson.

Location:

Key people:

1

Funding Rounds

$2.5m

Money raised

Moombix is an online music learning platform founded in 2021 by Margret Juliana Sigurdardottir, Aleksandar Arsovski and Svanhvit Fridriksdottir.

1

Funding Rounds

$8.7m

Money raised

AviLabs is a passenger disruption management platform for airlines founded in 2019.

1

Funding Rounds

$1.9m

Money raised

Gamasutra is an Iceland-based company.

Location:

1

Funding Rounds

$34.0m

Money raised

OZ Communications is an Iceland-based chat company.

Industries:

Location:

1

Funding Rounds

$623.1k

Money raised

GRID ehf. is an Iceland-based company founded in 2018.

Location:

1

Funding Rounds

$19.3k

Money raised

Admittor is a company founded in 2011.

Location:

1

Funding Rounds

$27.0m

Money raised

Verne Global is an Iceland-based company.

Location:

1

Funding Rounds

$5.5m

Money raised

DT Equipment is an Iceland-based analytics company.

Industries:

Location:

1

Funding Rounds

$1.1m

Money raised

indó is an Iceland-based company.

Location:

1

Funding Rounds

$9.1m

Money raised

Teatime Games is an Iceland-based company.

Location:

1

Funding Rounds

$8.0m

Money raised

TripCreator is an Iceland-based company.

Location:

1

Funding Rounds

$150.0m

Money raised

Artic Energy is an Iceland-based company.

Location:

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