Frumtak

Q: When was Frumtak last fund created?

Frumtak last fund was created/launched in 2024-07-10.

General contacts

Investor type

Founded

2008

AUM

$199 M

Location

Reykjavik, Capital Region, Iceland

Investment Ticket

$5-10 m

Investment Stage

Seed Series A Series B Late Stage (Series C+)

Region of investment

North America Europe

Investor profile last updated: 27 August, 2026

Profile

Frumtak Ventures is a venture capital firm based in Iceland, focused on investing in local innovation with global potential. The firm is led by Managing Partner Svana Gunnarsdóttir and a team of experienced partners and board members. Frumtak differentiates itself through a high-involvement approach, working closely with portfolio companies from the seed stage through to IPO.

Frumtak Ventures invests primarily in technology sectors, supporting companies that have shown early traction and the potential to become global leaders. Their initial investment size typically ranges from €1 million to €3 million. The firm has a total AUM of €190 million, indicating a strong commitment to fostering innovation within the Icelandic startup ecosystem.

Notable investments include MyDello - logistics startup, Euler - AI-powered 3D printing software, and Optise - AI-powered website insights platform. Other portfolio companies focus on diverse areas such as digital solutions for health, automated logistics, and innovative applications for personal and business use.

Industry

Education Edtech Fintech Healthcare Services Marketing and Advertising Media and Entertainment Software Transportation Travel HRTech Financial Services Retail SaaS Logistics ClimateTech AI

Frumtak Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
Frumtak II	Venture Capital (VC)	Financial Services Media and Entertainment Retail Software	Pre-seed Seed	Europe	$5-10 m	$33 M	June 2015
Frumtak III	Venture Capital (VC)	Financial Services Fintech Healthcare Services SaaS Travel Logistics ClimateTech	Seed Series A	Europe	$5-10 m	$57 M	June 2021
Frumtak IV	Venture Capital (VC)	Healthcare Services SaaS AI	Pre-seed Seed	Europe	$5-10 m	$87 M	July 2024

Contacts

Name

Title

Social Networks

Svana Gunnarsdóttir Managing Partner

Managing Partner

e•••@•••

Andri Heiðar Kristinsson General Partner

General Partner

a•••@•••

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Investment-team contacts for Frumtak — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about Frumtak

Is Frumtak a venture capital or private equity firm?

Frumtak is a venture capital firm. It backs companies at Seed, Series A, Series B and Late Stage (Series C+), writing tickets of $5-10 m.

Where is Frumtak located?

Frumtak is located in Reykjavik, Capital Region, Iceland.

When was Frumtak founded?

Frumtak was founded in 2008.

What sectors and industries does Frumtak invest in?

Frumtak invests in companies and startups in Education, Edtech, Fintech, Healthcare Services, Marketing and Advertising, Media and Entertainment, Software, Transportation, Travel, HRTech, Financial Services, Retail, SaaS, Logistics, ClimateTech, AI.

What is Frumtak geographical focus of investments?

Frumtak invests in companies and startups in North America, Europe.

At what stages of companies and startups does Frumtak typically invest in?

Frumtak invests in companies and startups at Seed, Series A, Series B, Late Stage (Series C+).

What is the usual amount of Frumtak investment?

Frumtak usually invests $5-10 m on average.

What is the amount of assets of under management (AUM) for Frumtak?

Frumtak has around $199m assets under management.

When was Frumtak last fund created?

Frumtak last fund was created/launched in 2024-07-10

What are the contacts of Frumtak?

Frumtak can be reached through its website frumtak.is/english, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Frumtak — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access Frumtak data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Frumtak directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Frumtak profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 27 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.