How many total High Tech companies are there in Iceland?

As of November 2025, Iceland has 247 active High Tech companies.

How many High Tech companies in Iceland are funded?

As of November 2025, 81 companies have received funding in this sector.

What is the total funding raised by High Tech companies in Iceland?

High Tech companies in Iceland have collectively raised $608M in funding till date.

Who are the top investors in High Tech companies in Iceland?

The top investors in High Tech companies in Iceland by number of investments are BullishBlock Capital and Everse Capital.

Which is the highest funded High Tech company in Iceland?

As of November 2025, Controlant has raised $92.5M in funding, highest among the funded High Tech companies in Iceland.

High Tech in Iceland - 2025 Market & Investments Trends

The High Tech sector in Iceland comprises 444 companies, including 81 funded companies having collectively raised $608M in venture capital money and private equity. Out of these, 18 are Series A+ funded.

High Tech sector in Iceland has seen 11 acquisitions.

This sector includes companies working on developing technology-intensive products and software related to products like Drones, 3D Printing, Nano Technology, Edge Computing, etc.

High Tech sector is also known as Advanced Tech, Emerging Tech, Deep Tech, Disruptive Tech or Innovative Tech.

Companies included in High Tech

Companies offering HiTech solutions like 3D Printing, Virtual Reality, Augmented Reality, Natural Language Processing, etc

Companies excluded in High Tech

Excludes companies that provide solutions which do not involve much technology like, E-Commerce, Agricultural equipments, biomedical equipments, life science solutions, cybersecurity solutions, service solution providers for technology companies, IT services, etc.

Key Metrics

Total Companies

444

Top Companies

CCP Games, Controlant & more

Total Funding

$608M

Funded Companies

Series A+ Companies

Series C+ Companies

Acquisitions

Also known as

Advanced Tech or Emerging Tech

View complete details of this sector

There are more than 444 companies in High Tech in Iceland. CCP Games is the top High Tech company in Iceland, ranked using Tracxn Score (what's this?).

Here are 5 of the top High Tech companies in Iceland:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
CCP Games	Video game developer specializing in the MMORPG and VR games	Reykjavik (Iceland)	1997	Acquired	$106M
Controlant	Provider of cloud-based supply chain visibility for cold chains	Reykjavik (Iceland)	2007	Series C	$92.5M
Tonkeeper	App-based non-custodial cryptocurrency wallet	Iceland	2021	Unfunded	-
Creditinfo	Provider of credit information and risk management solution	Reykjavik (Iceland)	1997	Acquired	-
Lucinity	AI-enabled and cloud-based AML solutions for financial institutions	Reykjavik (Iceland)	2018	Series B	$26M

Get a longer list of companies

Companies founded year-on-year in the High Tech sector in Iceland

189 High Tech startups in Iceland were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2025	-
2024	1
2023	43
2022	124
2021	189
2020	16
2019	5
2018	8
2017	7
2016	6

Stage-wise distribution of High Tech sector companies in Iceland

Out of the total 444 High Tech companies in Iceland, 81 have secured funding. Among them, 18 have reached Series A or higher, and 13 to Series B or beyond.

Founded - 444

Funded - 81

Series A+ - 18

Series B+ - 13

Series C+ - 12

Company Stage	No. of companies
Founded	444
Funded	81
Series A+	18
Series B+	13
Series C+	12

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Total funding year-on-year in the High Tech sector in Iceland

The High Tech sector in Iceland saw a total funding of more than $519M in the last 10 years. The most amount of funding was in 2023 at more than $267M.

Total Funding

Year	Total Funding
2025	$48M
2024	$65.3M
2023	$267M
2022	$37.1M
2021	$36.7M
2020	$37.5M
2019	$15.6M
2018	$5.02M
2017	$1.55M

Recent Funding Rounds in High Tech in Iceland

In the year 2025, till July 2025, High Tech companies in Iceland have raised $48M in equity funding across 4 rounds. In the same period last year (i.e. till February 2024), High Tech companies in Iceland had raised $15M across 1 round. So, 2025 has seen a 220% rise in funding in High Tech companies in Iceland as compared to 2024.

Here are some recent, important funding rounds in High Tech companies in Iceland:

Company	Round Raised	Amount Raised	Funding Date	Investors
Elysian	Series A	9008	Jul 08, 2025	Portage and 2 more
Treble	Series A	3759	Feb 10, 2025	L-Acoustics
Taproot Wizards	Series A	5767	Feb 04, 2025	Standard Crypto and 5 more
Lava	Seed	6599	Jan 09, 2025	Animoca Brands and 4 more
Elysian	Seed	1495	Dec 19, 2024	American Family Ventures

See a more detailed list of funding rounds

BullishBlock Capital is the top investor in High Tech companies in Iceland based on number of companies invested.

Here are some top investors in High Tech companies in Iceland:

Investor	Location	Top Portfolio Companies
BullishBlock Capital	Iceland	-
Everse Capital	Iceland	-
David Helgason	Iceland	-
Good Games Guild	Iceland	-
Coinbase-ventures.com	Iceland	-

See a more detailed list of investors

In the year 2024, till April 2024, 1 acquisition happened in High Tech sector in Iceland. Last year, in 2023, a total of 1 acquisition happened in High Tech sector in Iceland.

Here are some recent, important acquisitions in High Tech sector in Iceland:

Company	Acquisition Type	Acquisition Date	Acquirers
Undead Blocks	Business Acquisition	Apr 06, 2024	Wagyu
u92Exploration	Business Acquisition	Jan 09, 2023	Stalliongold
Authenteq	Business Acquisition	Nov 2022	FNZ
Rewrite Therapeutics	Business Acquisition	Feb 03, 2022	Intellia Therapeutics
Creditinfo	Business Acquisition	Mar 09, 2021	LLCP

See a more detailed list of acquisitions

Acquisition trends in High Tech sector in Iceland

Here are the acquisition trends in High Tech sector in Iceland:

Total Number of Acquisitions

Year	No. of companies
2025	-
2024	1
2023	1
2022	2
2021	1
2020	-
2019	-
2018	1
2017	-
2016	-

In the year 2000, till July 2000, 1 IPO happened in High Tech sector in Iceland.

Here are some recent, important IPOs in High Tech sector in Iceland:

Company	IPO Date	Exchange Symbol
deCODE Genetics	Jul 18, 2000	National Association of Securities Dealers Automated Quotations (NASDAQ)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the High Tech in Iceland

Most number of High Tech startups in Iceland have been founded by alumni from Cornell University, McGill University and McMaster University.

College	No. of companies
Cornell University	1
McGill University	1
McMaster University	1
Stanford University	1
University of Cambridge	1

Total funding in High Tech companies founded by alumni from top colleges in Iceland

In the last 10 years, Stanford University graduates' High Tech companies in Iceland have raised the most funding among top colleges. Cornell University alumni are second, and University of Cambridge alumni are third.