Frumtak Ventures

Frumtak Ventures invests in teams and ideas that solve real-world problems and reinforces Iceland&s;s reputation for profitable innovation.

Business Model:

Revenue: $10M

Employees: 2-10

Rankings

Detailed Frumtak Ventures Information

Geographic Data

Frumtak Ventures headquarters map

Address: Kringlan 7

City: Reykjavík

State: other

Zip: 103

Country: IS

Financial Info

Stage:

Raised Last:

$0

Raised Total:

$57M

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Description

Frumtak (a.k.a. Frumtak Investment Fund, Frumtak I, Frumtak 1) was founded December 23rd. 2008. The objective was to invest in early stage growth companies that were post seed and had growth potential. This would result in leading companies that could deliver a good return to investors. At the close of Frumtak‘s investment period on December 31st. 2012, the fund had invested in fifteen companies with nine investments still active. The remainder of lifetime of the fund is used to follow on investments and divest assets. Frumtak Ventures (Frumtak II, Frumtak 2) started in February 2015. The fund builds on the legacy of Frumtak 1. The fund invests in early stage innovative companies that are post seed and show great potential for growth. The fund invests primarily in Iceland but is allowed to invest abroad as allowed by law in connection with its portfolio investments to ensure success in foreign markets. Frumtak II emphasizes to invest in companies where growth and sales in foreign markets are the primary objective, but does not specialize in any particular industry. The fund wants to ensure that original ideas get a chance and thereby increasing the probability of creating growth and value. By doing this, it enforces the image that Icelandic innovation is profitable. Frumtak II aspires to be a trusted and popular ally. The fund strives to have a good relationship and co-operation with all stakeholders within the start-up and innovation community. The fund puts a special emphasis on co-operating with stakeholders outside Iceland.

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Announced Date Company Transaction Money Raised
8/2016 Meniga Venture Round 8.3M
4/2017 Meniga Venture Round 7.9M
5/2022 Sidekick Health Series B 0
3/2016 Kaptio Unattributed 2.6M
7/2013 Meniga Series A 0
12/2015 Watchboxapp Seed Round 380k
1/2016 Controlant Funding Round 2.5M
2/2009 Trackwell Seed Round -
3/2017 Sidekick Health Seed Round 1.5M
10/2020 Sidekick Health Series A 0
5/2020 Meniga Corporate Round 0
9/2020 Controlant Series B 0
8/2011 DataMarket Series A 1.2M
1/2022 Spectaflow Seed 1.9M
3/2021 Meniga Venture Round 0
12/2022 Treble Seed Round 5.8M
7/2016 Data Dwell Seed Round 1.1M
1/2018 Kaptio Seed Round 2.4M
11/2010 InfoMentor Venture Round -
6/2016 Tulipop ehf Series A 2M
5/2022 Empower Seed Round 2.3M
12/2015 Activity Stream Seed Round 2.1M
2/2017 Valka Venture Round -
1/2020 Controlant Venture Round 7.7M
4/2013 Cintamani Venture Round 2.7M
4/2009 AGR Dynamics Funding Round -
10/2021 Ankeri Solutions Seed Round 2.3M
10/2015 Arctic Trucks Venture Round 3.9M
5/2022 50skills Seed Round 0
9/2022 Abler Seed Round 3.7M
8/2010 MainManager Venture Round -
12/2021 PLAIO Seed Round 2.3M
5/2022 Empower Seed Round 0
5/2022 50skills Seed Round 0
5/2022 Sidekick Health Series B 0
1/2022 Spectaflow Funding Round 0
12/2021 PLAIO Seed Round 0
10/2021 Ankeri Solutions Seed Round 0
3/2021 Meniga Venture Round 0
10/2020 Sidekick Health Series A 0
9/2020 Controlant Series B 0
5/2020 Meniga Corporate Round 0

Startup Industries

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