When was Iceland Venture Studio founded?

Iceland Venture Studio was founded in 2019.

Where is Iceland Venture Studio's headquarters located?

Iceland Venture Studio's headquarters is located in Reykjavik (Iceland).

How many companies has Iceland Venture Studio invested in?

Iceland Venture Studio has invested in 10 companies, including indó & Expertrons.

Which companies has Iceland Venture Studio invested in lately?

Expertrons & Soptle are the latest investments by Iceland Venture Studio.

Iceland Venture Studio - 2026 Investor Profile, Portfolio & Investment Trends

Iceland Venture Studio, an accelerator and incubator program founded in 2019, is based in Reykjavik, Iceland. With a presence in 4 countries, it has supported around 10 startups in sectors like Enterprise Applications, High Tech. Most notable companies in its portfolio include indó, Expertrons and RetinaRisk. The program primarily supports Seed startups based in India. Its latest investment was a Undisclosed Seed round in Expertrons on Aug 07, 2023, which also saw participation from Hindustan Media Ventures and Amar Ujala.

Key Metrics

Founded Year

2019

Location

Reykjavik, Iceland

Portfolio Companies

indó, Expertrons & 8 more

Sectors of Investment

Enterprise Applications, High Tech & 7 more

Stages of Investment

Seed

Locations of Investment

Iceland, India & 2 more

View Iceland Venture Studio's full profile

Iceland Venture Studio has a portfolio of 10 companies. Their most notable investments are in indó and FLOWVR.Their portfolio spans across Iceland, India, Israel and 1 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 6 other sectors, across stages such as Seed stage. Here is the list of top investments by Iceland Venture Studio:

1. indó

Digital bank for individuals. Its services include current accounts, prepaid cards for online/offline purchases, bill payments, money transfers, cash withdrawals, and more. It also provides a dashboard for income and expenditure management.

Key facts about indó

Founded Year: 2018
Location: Reykjavik (Iceland)
Stage: Seed
Total Funding till date: $5.61M
Employee Count: 33 as on Sep 30, 2026
Investors: Goose Valley Ventures, Evolution-VC and 3 Others
Latest Funding Round: Seed, Feb 17, 2022, $*****
Highlight: Editors' Pick

2. Expertrons

Provider of upskilling programs and career acceleration for various domains. The company offers post-graduate certifications, self-paced courses, and placement assistance. Programs cover banking, finance, management, accounting, sales, HR, operations, marketing, and more. Career development offerings include resume building, interview preparation, and corporate readiness certifications.

Key facts about Expertrons

Founded Year: 2019
Location: Mumbai (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $6.27M
Employee Count: 5 as on Aug 31, 2025
Investors: BlackSoil, Aeroflex Enterprises and 128 Others
Latest Funding Round: Seed, Aug 07, 2023, $*****
Highlight: Editors' Pick

3. RetinaRisk

RetinaRisk is a decision support system for the management and follow-up of patients with diabetes or diabetic retinopathy offered by Risk Medical Solutions (RMS). It allows doctors to educate patients demonstrating how the improvement of modifiable risk factors like blood glucose, HbA1c, and blood pressure, etc. may significantly lower the risk of diabetic eye diseases. The platform also provides health risk assessment solutions for patients.

Key facts about RetinaRisk

Founded Year: 2013
Location: Reykjavik (Iceland)
Stage: Seed
Total Funding till date: $1.8M
Employee Count: 9 as on Jul 01, 2024
Investors: Iceland Venture Studio
Latest Funding Round: Seed, Jan 01, 2021, $*****
Highlight: Editors' Pick

4. Atlas Primer

Online platform providing multi-disciplinary learning courses. The platform offers a digital learning assistant to courses. The platform enables students to converse and practice on different subjects without human involvement. The platform also offers lectures, quizzes, games, FAQs, and more. Additionally, the platform also enables creating and sharing courses.

Key facts about Atlas Primer

Founded Year: 2019
Location: Kopavogur (Iceland)
Stage: Seed
Total Funding till date: $150K
Employee Count: 10 as on Sep 30, 2026
Investors: Entrepreneurs Roundtable Accelerator and Iceland Venture Studio
Latest Funding Round: Seed, Jan 09, 2023, $*****

5. FLOWVR

Developer of a virtual reality application that allows users to meditate. The application comprises of experiences that last for up to four minutes and features six modes namely breath, focus, movement, letting go, calm, and restore. It is compatible with VR systems like Oculus and Samsung.

Key facts about FLOWVR

Founded Year: 2016
Location: Reykjavik (Iceland)
Stage: Seed
Total Funding till date: $23K
Employee Count: 8 as on Sep 30, 2026
Investors: New Business Venture Fund, Katapult and 4 Others
Latest Funding Round: Seed, Jan 03, 2019, $*****

View the full list of portfolio companies

Iceland Venture Studio has invested in 10 companies over the last 7 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Soptle and most recent follow-on round was in Expertrons.

Here are Iceland Venture Studio's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	0	0	0
2023	1	1	2
2022	0	0	0
2021	1	1	2
2020	1	1	2
2019	2	0	2

View all investments by Iceland Venture Studio

Iceland Venture Studio has made 5 investments in Seed stage with an average round size of $706K.

View all investments by Iceland Venture Studio

Iceland Venture Studio has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Financial Services, Consumer and EdTech. Notably, it has invested in 8 Tech companies, 6 Enterprise (B2B) companies, 6 Software companies and at least 4 companies focusing on Consumer (B2C).

Here are Iceland Venture Studio's investments by sector:

Sector	No. of Investments
Enterprise Applications	2
FinTech	2
Financial Services	2
Consumer	1
EdTech	1
Others	1

Note: We have considered here, only first round of investments

View all investments by Iceland Venture Studio

Iceland Venture Studio has made most investments in India (3), followed by Iceland where it has made 2 investments.

Here are Iceland Venture Studio's investments by geography:

Country	No. of Investments
India	3
Iceland	2

Note: We have considered here, only first round of investments

View all investments by Iceland Venture Studio

Iceland Venture Studio has not made any investment in 2026 so far.

Here are the most recent investments by Iceland Venture Studio:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Aug 07, 2023	Expertrons	India	Seed	7946	Hindustan Media Ventures [+4]
Apr 26, 2023	Soptle	India	Seed	9864	Kube VC [+12]
Jun 11, 2021	Ekosh	India	Seed	3106	-
Mar 12, 2021	Expertrons	India	Seed	7706	Venture Catalysts [+72]
May 28, 2020	Expertrons	India	Seed	1800	IvyCap Ventures [+2]

See more recent investments made by Iceland Venture Studio

Over the past 7 years, 139 investors have co-invested in Iceland Venture Studio's portfolio companies. This includes funds and angels.

Invested before Iceland Venture Studio: Katapult, Pirojshaw Sarkari and 10 others have invested in rounds before Iceland Venture Studio. There is 1 company where Katapult has invested before Iceland Venture Studio and 1 company where Pirojshaw Sarkari has invested before Iceland Venture Studio.
Top Co-investors of Iceland Venture Studio: 21 investors entered a company along with Iceland Venture Studio. These include investors like Nikhil Kishorchandra Vora (1 company).
Invested after Iceland Venture Studio: A total of 106 investors have invested in Iceland Venture Studio's portfolio after their investments. Top Investors include Venture Catalysts (1 company) and Auxano (1 company).