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Frumtak Ventures is a venture capital firm based in Iceland, dedicated to investing in local innovation with global potential. Founded to support founders with early traction, the firm typically manages investments ranging from €1 million to €3 million. Their approach emphasizes collaboration with portfolio companies to drive growth.
Frumtak Ventures invests in companies from seed stage through to IPO, with initial check sizes between €1 million and €3 million. The firm seeks startups that have demonstrated early traction and possess the potential to lead in their respective markets. Their concentrated and high-involvement investment strategy fosters close collaboration with portfolio companies.
Notable investments include MyDello, a logistics startup that secured €3.1 million in funding, and Euler, which raised €2 million in a pre-seed round co-led by Frumtak Ventures to enhance AI-powered 3D printing software.
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