57 Best Startups in Reykjavik to Watch in 2025

The Definitive Seedtable Ranking of Startups in Reykjavik

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 59 start-ups with an aggregate funding of $504.7m. The average funding per company in this subset is $8.9m.

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

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9

Funding Rounds

$1.2m

Money raised

Carbon Recycling International is a Kópavogur-based carbon capture company producing methanol for use as an alternative fuel source.

6

Funding Rounds

$28.3m

Money raised

Sound simulation platform and synthetic audio data generation platform.

Location:

Key people:

1

Funding Rounds

$20.0m

Money raised

Sidekick Health has built a gamified digital care platform that targets chronic and lifestyle disease management.

Location:

Key people:

1

Funding Rounds

$2.6m

Money raised

Qualify, Hire and Onboard better people faster using 50skills's All-in-one Recruiting software.

1

Funding Rounds

$760.0k

Money raised

Accordium is an e-signature and workflow automation platform founded in 2017 by Alexander Brix, Andrew Whittaker and Barrington Russell.

4

Funding Rounds

$48.2m

Money raised

Platform that uses Human AI to help banks fight financial crime more efficiently.

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.

9

Funding Rounds

$66.9m

Money raised

Controlant is a real-time supply chain monitoring technology founded in 2007.

1

Funding Rounds

$110.0k

Money raised

IceWind is a company focusing on designing and manufacturing small vertical axis wind turbines for a variety of applications including telecom towers and off-grid cabins. The company's goal is to show that turbines can be elegant and cost-effective solutions for green energy systems.

3

Funding Rounds

$129.5m

Money raised

Oculis is a Lausanne, Switzerland-based biopharmaceutical company focused on developing products and therapies for eye diseases.

4

Funding Rounds

$31.0m

Money raised

GRID is a productivity tool that turns spreadsheets into shareable, interactive web documents.

2

Funding Rounds

$3.0m

Money raised

Laki Power is a research company specializing in eco-friendly power solutions founded in 2015.

1

Funding Rounds

Dohop is an award-winning technology provider founded in Iceland, focused on developing innovative solutions in the field of aviation and travel. Its core technology is about creating connecting journeys based on scheduled transport.

2

Funding Rounds

$4.4m

Money raised

We help clubs, coaches, parents, and ultimately the players to better harness the life developing in sports.

1

Funding Rounds

$500.0k

Money raised

Platform providing medical healthcare systems with advanced IT solutions globally.

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:

2

Funding Rounds

$7.4m

Money raised

Breakroom is a Kopavogur-based developer of a virtual reality workspace environment.

2

Funding Rounds

$1.9m

Money raised

Elementary math learning platform.

Location:

Key people:

1

Funding Rounds

$3.6m

Money raised

1939 Games is a studio dedicated to developing WWII-themed video games founded in 2015.

Industries:

Location:

1

Funding Rounds

$2.8m

Money raised

SaaS solution for accommodations businesses improving housekeeping and maintenance workflows.

3

Funding Rounds

$2.4m

Money raised

Platform dedicated to enhancing vessel safety and performance through AI and IoT.

1

Funding Rounds

$2.5m

Money raised

Rocky Road is a Reykjavík-based cinematography company founded by Thor Fridriksson.

Industries:

Location:

Key people:

2

Funding Rounds

$6.0m

Money raised

Fractal 5 Inc. is a startup creating a new social product founded in 2020.

2

Funding Rounds

$3.9m

Money raised

Software that helps companies monitor and address diverse pay gaps, including the gender pay gap.

2

Funding Rounds

$3.1m

Money raised

Clinical biopharmaceutical company focused on novel solutions for chronic airway diseases.

1

Funding Rounds

$7.7m

Money raised

Platform enabling collaborative role-play and storytelling through character creation.

Location:

2

Funding Rounds

$12.7m

Money raised

Dating app that offers a fun and enjoyable user experience.

$310.0k

Money raised

Atmonia is a zero carbon process for nitrogen fertilizer production founded in 2016.

2

Funding Rounds

$2.5m

Money raised

Platform providing visibility and control in cybersecurity vulnerability management.

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

$16.0k

Money raised

Datatracker is a Reykjavík-based company founded in 2012 by Hrafn Eiríksson.

2

Funding Rounds

$7.6m

Money raised

Digital workspace providing secure online tools for professionals in Health, Education, and Welfare.

Industries:

Location:

1

Funding Rounds

$650.0k

Money raised

We're producing sustainable, plant-based foods from the Arctic. Iceland's first plant-based cod and seafood!

Location:

$1.2m

Money raised

Memento Payments is a platform for social payments tailored for banks founded in 2014.

1

Funding Rounds

$4.5m

Money raised

Indo is a neo-bank offering advanced mobile banking services founded in 2018.

1

Funding Rounds

$150.0k

Money raised

Mobile platform for arranging sounds, recording voice videos, and sharing them on social media.

1

Funding Rounds

$2.5m

Money raised

Game app offering an open world experience based on real-world map data for mobile users.

Industries:

Location:

2

Funding Rounds

$8.9m

Money raised

Cloud-based software and IoT hardware that objectively diagnose human body mobility.

Industries:

Location:

1

Funding Rounds

$8.7m

Money raised

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

1

Funding Rounds

$2.3m

Money raised

Marketplace offering solutions for the Generic Pharmaceutical industry's planning and operational needs.

1

Funding Rounds

$2.0m

Money raised

Game development company specializing in creating massively multiplayer games with cutting-edge technology.

Industries:

Location:

1

Funding Rounds

$2.8m

Money raised

Hopp is an escooter sharing franchise founded in 2019.

1

Funding Rounds

$2.3m

Money raised

Platform enabling ship owners and charterers to communicate and share ship performance data online.

Location:

1

Funding Rounds

$2.4m

Money raised

Platform for power-intensive industries to minimise their electricity costs

1

Funding Rounds

$700.0k

Money raised

Healthcare platform that helps professionals work more efficiently.

1

Funding Rounds

$2.4m

Money raised

Embedded payments technology enabling SaaS businesses to expand and grow worldwide.

Industries:

Location:

1

Funding Rounds

$2.1m

Money raised

Prescriby is an addiction management platform for healthcare professionals founded in 2020.

1

Funding Rounds

$2.8m

Money raised

E-court system enabling various legal stakeholders to manage documents securely and reliably.

1

Funding Rounds

Data service company offering curated and linked datasets to businesses.

1

Funding Rounds

$1.1m

Money raised

Glaze is a simple POS for retail founded in 2021.

Industries:

Location:

1

Funding Rounds

$10.0m

Money raised

Travelshift is an online marketplace for travel bookings founded in 2012.

Industries:

Location:

1

Funding Rounds

$2.0m

Money raised

Pharmaceutical company developing drugs to improve the central nervous system.

Location:

1

Funding Rounds

$2.2m

Money raised

PaxFlow is an ops platform for tour operators founded in 2022.

Industries:

Location:

1

Funding Rounds

$2.2m

Money raised

Flygildi ehf is a manufacturer of bird-like drones founded in 2012.

Industries:

Location:

1

Funding Rounds

$17.0m

Money raised

Genis is a therapeutic solutions for inflammatory diseases founded in 2005.

Industries:

Location:

1

Funding Rounds

$19.3k

Money raised

Admittor is a company founded in 2011.

Location:

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