Startup funding in Iceland
18 funding rounds for startups in Iceland were tracked in the last 24 months, raising about €371M in total. The largest was LAXEY at €130M. Data to 2026-10-12.
18Rounds
€371MRaised
See these rounds on the map or search the full table.
Stages
Top sectors
Largest rounds
| Company | Amount | Stage | Date | Source |
|---|---|---|---|---|
| LAXEY | €130M | Other | 2025-05-16 | link |
| Alvotech | €100M | Debt | 2026-01-02 | link |
| First Water | €39.0M | Other | 2025-04-09 | link |
| Arctic Therapeutics | €26.5M | Series A | 2025-01-22 | link |
| First Water | €24.0M | Other | 2025-11-06 | link |
| Treble Technologies | €15.7M | Series A | 2026-09-17 | link |
| AviLabs | €8.0M | Other | 2024-10-15 | link |
| Laki Power | €6.0M | Series A | 2026-09-17 | link |
| 50skills | €5.3M | Series A | 2026-09-24 | link |
| ORF Genetics | €5.0M | Other | 2025-09-11 | link |
Most active investors
- Frumtak Ventures · 7 rounds
Latest rounds
| Date | Company | Amount | Stage | Source |
|---|---|---|---|---|
| 2026-09-24 | 50skills | €5.3M | Series A | link |
| 2026-09-17 | Treble Technologies | €15.7M | Series A | link |
| 2026-09-17 | Laki Power | €6.0M | Series A | link |
| 2026-08-19 | SnerpaPower | €3.4M | Seed | link |
| 2026-07-21 | Sowilo | n/d | Pre-Seed | link |
| 2026-01-02 | Alvotech | €100M | Debt | link |
| 2025-11-21 | Stratis | n/d | Seed | link |
| 2025-11-12 | Euler | €2.0M | Seed | link |
| 2025-11-06 | First Water | €24.0M | Other | link |
| 2025-09-11 | ORF Genetics | €5.0M | Other | link |
| 2025-05-16 | LAXEY | €130M | Other | link |
| 2025-04-09 | Optise | €2.0M | Pre-Seed | link |
| 2025-04-09 | First Water | €39.0M | Other | link |
| 2025-04-04 | Evolytes | €1.3M | Seed | link |
| 2025-03-31 | Heima | €925K | Other | link |
| 2025-01-22 | Arctic Therapeutics | €26.5M | Series A | link |
| 2024-10-18 | Moombix | €2.3M | Seed | link |
| 2024-10-15 | AviLabs | €8.0M | Other | link |
Frequently asked questions
- How much funding did startups in Iceland raise in the last 24 months?
- Across 18 tracked rounds, startups in Iceland raised about €371M in total (amounts normalised to EUR). Data runs to 2026-10-12.
- What was the largest funding round for startups in Iceland?
- LAXEY raised €130M on 2025-05-16.
- Which sectors raise the most rounds for startups in Iceland?
- Software (5), Healthtech (3), Agritech (2), Edtech (2), by number of rounds.
- Where does this data come from?
- Rounds come from the Tech.eu Funding Explorer (Europe, CC BY 4.0), startup news feeds read by an AI model, and SEC EDGAR Form D filings in the US. Europe has the deepest coverage, so totals for other regions are likely understated. Check the linked source before relying on any figure.