Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Crowberry Capital is a venture capital firm founded in 2017, based in the Nordics with offices in Reykjavik, Copenhagen, and Stockholm. The firm focuses on seed and early-stage investments, primarily in technology-driven startups. Crowberry Capital launched its first fund, Crowberry I, with a size of $40 million, targeting sectors such as gaming, SaaS, health tech, and fintech. In September 2021, the firm launched Crowberry II, a $90 million fund, which became the largest VC fund operating out of Iceland at its inception.
The firm has a diverse LP base, including the European Investment Fund (EIF), which contributed €20 million through the EU InnovFin Equity program. Other investors include Icelandic pension funds, family offices, and notable angels like David Helgason, founder of Unity Technologies. Crowberry Capital has backed over 45 companies across its funds, demonstrating a strong commitment to supporting startups that address significant challenges and contribute positively to society.
Crowberry Capital invests in seed and early-stage startups, primarily focusing on technology-driven solutions across various sectors. The firm targets investments in SaaS, fintech, healthcare, gaming, biotech, and consumer sectors. Initial funding typically ranges from €200,000 to €2,000,000, with a strong follow-through philosophy that emphasizes ongoing support for portfolio companies. Crowberry Capital seeks startups that demonstrate potential for growth and innovation, particularly those addressing real-world problems.
The firm operates with a geographic focus on the Nordic region, leveraging its presence in Iceland, Denmark, and Sweden to identify promising investment opportunities. Crowberry Capital's investment strategy is characterized by a collaborative approach, ensuring that founders receive the necessary resources and mentorship to navigate the challenges of scaling their businesses.
Crowberry Capital has built a diverse portfolio of over 45 companies across its funds. Notable portfolio companies include:
This portfolio reflects Crowberry Capital's commitment to investing in technology-driven startups that are poised for growth and innovation.
Hekla Arnardottir: General Partner at Crowberry Capital, Hekla has extensive experience in venture capital and startup development. She has previously worked with various startups and has a strong background in technology investments.
Helga Valfells: General Partner, Helga brings a wealth of knowledge in the fintech and health tech sectors. Her prior experience includes roles in both investment and operational capacities within the tech industry.
Jenny Ruth Hrafnsdottir: General Partner, Jenny has a strong focus on gaming and consumer tech investments. She has a proven track record of supporting startups through their growth phases.
To pitch Crowberry Capital, founders should send an email to hello@crowberrycapital.com. It is important to include a concise pitch deck that outlines the business model, market opportunity, and team background. The firm prefers clear and direct communication, and founders can expect a response within a few weeks. Warm introductions are beneficial but not mandatory.
In 2024, Crowberry Capital completed six new investments, continuing its active engagement in the Nordic startup scene. The firm has also been involved in multiple follow-on investments in existing portfolio companies, demonstrating its commitment to supporting growth.
In 2023, Crowberry Capital announced its participation in a funding round for Lucinity, a company providing AI-powered anti-money laundering solutions, further solidifying its focus on impactful technology investments.
What are Crowberry Capital's investment criteria?
Crowberry Capital focuses on seed and early-stage investments in technology-driven startups across sectors such as SaaS, fintech, healthcare, gaming, biotech, and consumer. They typically invest between €200,000 and €2,000,000 in initial funding.
How can I pitch to Crowberry Capital?
Founders can reach out via email at hello@crowberrycapital.com. It is advisable to include a clear overview of the business model, market opportunity, and how the startup addresses a significant challenge.
What makes Crowberry Capital different from other VCs?
Crowberry Capital is notable for its female-led team and its strong follow-through philosophy, which emphasizes ongoing support and mentorship for portfolio companies. This approach helps founders navigate the complexities of scaling their startups.
What is the geographic scope of Crowberry Capital's investments?
The firm primarily invests in the Nordic region, with a focus on startups based in Iceland, Denmark, and Sweden.
What is Crowberry Capital's post-investment involvement like?
Crowberry Capital provides strategic guidance, access to a broad network of industry contacts, and support in navigating the challenges of scaling a startup. They emphasize a collaborative approach to ensure founders have the resources they need.
What is the size of Crowberry Capital's funds?
Crowberry Capital's first fund, Crowberry I, was $40 million, while Crowberry II, launched in 2021, is $90 million. The firm has plans for future funds as well.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.