Crowberry Capital, established in 2017 and based in Reykjavík, Iceland, is a venture capital firm that focuses on investing in seed and early-stage startups within the Nordic region. The firm is dedicated to identifying and supporting exceptional teams developing businesses that leverage technological advantages across various sectors, including healthcare technology and consumer products. With a global perspective shaped by the diverse experiences of its founding partners, who have collaborated for over seven years, Crowberry Capital emphasizes a strong follow-through approach, guiding startups from initial investment through to exit. The firm has a proven track record, having managed over 51 technology startups and achieved 15 successful exits.
Quanscient specializes in developing multiphysics simulation software that leverages cloud and quantum computing to enhance simulation technology. Its platform integrates advanced cloud-native multiphysics solvers with future quantum capabilities, allowing engineers to achieve over a hundredfold increase in simulation throughput. This significant improvement facilitates fully digital research and development processes, enabling users to tackle complex technological challenges across various industries, including fusion energy, advanced semiconductors, biomedical applications, automotive, and aerospace. By streamlining hardware development through digital prototypes, simulations, and optimization, Quanscient aims to make the process more efficient and sustainable.
Porcelain Fortress
Seed Round in 2024
Porcelain Fortress, founded in the summer of 2016 in Reykjavik, Iceland, is a video game development company focused on creating simple, enjoyable, and well-polished games for the PC market. The company aims to provide clients with a convenient and hassle-free gaming experience through its diverse range of products, which include both PC games and console offerings. With a commitment to quality and user satisfaction, Porcelain Fortress caters to gamers seeking engaging entertainment.
Tiimo
Seed Round in 2024
Tiimo is a daily planner application tailored for individuals with neurodiversity, particularly those with ADHD and Autism. The app emphasizes accessibility and inclusion, offering a highly visual and customizable interface that aids users in managing their time effectively. By allowing users to create and repeat activities, as well as add checklists and reminders, Tiimo helps individuals establish and maintain routines while working towards personal goals. Its design focuses on providing structure and visual support, making it easier for users to stay on task and enhance their productivity in a motivating manner.
Social First
Seed Round in 2024
Social First is a gaming studio specializing in cross-platform multiplayer online games that foster social connections among players. With significant experience in developing user-generated content (UGC) and digital asset trading, the studio has achieved notable results through early market testing of its current title, which reflects years of accumulated insights. The games are designed to promote highly social experiences and player-driven economies, aiming to engage users for the long term. Social First's recent pre-alpha testing demonstrated strong player engagement and retention, indicating a solid foundation for future growth. Backed by Play Ventures, the studio's team of veterans is focused on scaling its operations with a validated growth strategy that does not rely on traditional advertising methods. Their goal is to establish a $1 billion-plus enterprise in the gaming industry.
Prescriby
Seed Round in 2024
Prescriby develops a digital treatment system aimed at addressing the opioid crisis by improving prescription safety and monitoring. The platform includes a treatment generator and a dashboard monitor that streamline complex health information, allowing clinics to deliver personalized, data-driven therapies. This system enhances the ability of healthcare providers to monitor patients safely and effectively, ultimately contributing to better outcomes in pain management and opioid use.
Scaleup Finance
Seed Round in 2024
Scaleup Finance is a subscription-based financial management platform aimed at assisting startup companies in meeting their financial needs. The platform offers a Chief Financial Officer as a service and features a digital CXO cockpit, which enhances financial management and administration for small businesses. By streamlining financial operations, Scaleup Finance enables clients to focus on activities that add greater value to their business.
Saidot
Seed Round in 2023
Saidot is an AI governance and alignment company that assists enterprises in establishing safe, trustworthy AI-driven operations. The company offers a software-as-a-service platform that enables organizations, both public and private, to implement systematic AI governance and maintain transparency regarding their AI systems. Saidot's platform facilitates the development of registers for artificial intelligence systems, ensuring that they are transparent, accountable, and explainable. By providing a governance methodology aligned with ethical standards and regulatory requirements, Saidot supports clients in navigating the complexities of AI deployment responsibly.
Rocky Road
Seed Round in 2023
Rocky Road intends to create the world's first casual open world mobile game based on real-world map data.
Ellie.ai
Seed Round in 2023
Ellie.ai is a product design and collaboration platform for data teams. It helps enterprises grasp their business needs and validate product ideas before committing to building complicated and costly data pipelines. Leading companies from Healthcare, and Telco, to Energy and IT, use Ellie to gather and understand their requirement fast and ensure that the data initiatives bring tangible business value. The company is headquartered in Helsinki, Finland, and serves customers all over the world from Canada to New Zealand.
SNERPA Power
Seed Round in 2023
SNERPA Power develops intelligent energy services.
Embla
Series A in 2023
Embla is a Copenhagen-based company founded in 2021 that specializes in online medical weight loss treatment. It offers a comprehensive platform that combines evidence-based treatments, prescription medications, and personalized coaching to support sustainable weight loss. Additionally, Embla provides a mobile application that features expert-led diet and exercise programs, as well as guidance on sleep and body movement, all aimed at facilitating effective weight management. Through its digital tools and resources, Embla seeks to empower users in their weight loss journey.
Dreamdata
Series A in 2022
Dreamdata is a developer of a go-to-market analytics and revenue attribution platform aimed at enhancing B2B marketing and sales effectiveness. The company addresses the challenges of fragmented and unreliable data by providing a comprehensive data platform that automates the collection and analysis of go-to-market data. Dreamdata's platform integrates with various tracking providers, customer relationship management systems, and marketing tools to create a unified view of the customer journey. By leveraging advanced algorithms, it transforms this data into actionable insights, including attribution and ROI analytics. This facilitates informed decision-making and allows marketers to directly activate data through various systems, optimizing marketing efforts and significantly reducing go-to-market budgets. Ultimately, Dreamdata empowers B2B marketers to scale their initiatives efficiently and discover new strategies for revenue generation.
GreenBytes
Pre Seed Round in 2022
GreenBytes is a restaurant management tool for optimized ordering.
Tiimo
Seed Round in 2022
Tiimo is a daily planner application tailored for individuals with neurodiversity, particularly those with ADHD and Autism. The app emphasizes accessibility and inclusion, offering a highly visual and customizable interface that aids users in managing their time effectively. By allowing users to create and repeat activities, as well as add checklists and reminders, Tiimo helps individuals establish and maintain routines while working towards personal goals. Its design focuses on providing structure and visual support, making it easier for users to stay on task and enhance their productivity in a motivating manner.
Embla
Seed Round in 2022
Embla is a Copenhagen-based company founded in 2021 that specializes in online medical weight loss treatment. It offers a comprehensive platform that combines evidence-based treatments, prescription medications, and personalized coaching to support sustainable weight loss. Additionally, Embla provides a mobile application that features expert-led diet and exercise programs, as well as guidance on sleep and body movement, all aimed at facilitating effective weight management. Through its digital tools and resources, Embla seeks to empower users in their weight loss journey.
Lucinity
Series B in 2022
Lucinity Holding ehf. is a company that specializes in anti-money laundering solutions through its platform, ClearLens. Founded in 2018 and headquartered in Reykjavík, Iceland, with an additional office in New York, Lucinity focuses on helping financial institutions like banks and fintech companies detect and prevent money laundering. The ClearLens platform enhances the capabilities of anti-money laundering teams by enabling them to identify suspicious behavior patterns, conduct pre-evaluations, review cases, and streamline compliance processes. By utilizing advanced technologies, including augmented intelligence and generative AI, Lucinity improves operational efficiency, reduces false positives, and continuously enhances the review process. The company's commitment to innovation and user experience has positioned it as a trusted partner for organizations seeking to navigate regulatory requirements and mitigate financial crime risks effectively.
GemmaQ
Pre Seed Round in 2022
GemmaQ is a diversity-focused financial technology company that specializes in providing a gender data platform. This platform visualizes gender balance within leadership roles across large organizations, enabling a comprehensive analysis of gender diversity. By rating companies based on their leadership gender diversity, GemmaQ illustrates the economic impact of women in the market. The platform employs color-coded metrics to analyze the distribution of power among leadership teams and offers real-time data on companies' diversity ratings and their annual changes. This approach allows clients to make informed investment decisions that support gender equality and diversity in the corporate sector.
Garden
Series A in 2022
Garden is a development automation platform that focuses on enhancing the testing and development processes for backend applications, particularly in cloud native environments. As organizations increasingly adopt cloud technologies like containers and Kubernetes, developers often face challenges related to productivity and effective testing workflows. Garden addresses these issues by enabling the creation of ephemeral testing and preview environments that support integration tests, manual quality assurance, and development. This platform allows developers to receive timely feedback while alleviating DevOps teams from the burdens of managing ad hoc environments. Additionally, Garden offers an open-source core available on GitHub, as well as a fully supported enterprise edition, catering to diverse needs in modern software development.
Rocky Road
Seed Round in 2022
Rocky Road intends to create the world's first casual open world mobile game based on real-world map data.
Mainframe Industries
Series B in 2021
Mainframe Industries is a gaming development company founded in 2019, with headquarters in Helsinki, Finland, and a presence in Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming. With a team that combines expertise in AAA, MMO, and mobile game development, Mainframe Industries aims to deliver a unique gaming experience that supports cross-platform play across mobile devices, PCs, and televisions. The company emphasizes the potential of friction-free access through social networks and streaming platforms to enhance the creativity and engagement of game developers and players alike.
Elsa
Seed Round in 2021
Elsa is a platform for patient-driven research for better drugs, health, and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding of how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives them access to data on their specific disease through the Riskminder foundation and scientific studies at Karolinska Institutet.
1939
Venture Round in 2021
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.
Clutch
Pre Seed Round in 2021
Clutch is on a mission to build the future of sports with an AI-powered camera infrastructure that automates content creation and coaching.
Fractal 5
Seed Round in 2021
Fractal 5 is a company founded in 2020 by Gudmundur Hafsteinsson, focused on developing a social media platform that integrates social networking with practical utility. The platform facilitates interaction and connection among users, allowing them to stay informed about updates while also enabling creators to expand their networks effectively. By fostering productive engagement, Fractal 5 aims to enhance the way individuals and communities connect online.
Katla
Pre Seed Round in 2020
Katla is an eco-friendly fashion brand that specializes in on-demand manufacturing of sustainable clothing for women. The company offers a diverse range of apparel, including dresses, jumpsuits, skirts, and tops, all designed with a commitment to environmental responsibility. By providing ethically sourced and animal-friendly clothing options, Katla enables customers to make conscious choices in their fashion purchases. The brand emphasizes digital accessibility, allowing consumers to conveniently shop for sustainable loungewear and have their selections delivered directly to their homes.
Dreamdata
Seed Round in 2020
Dreamdata is a developer of a go-to-market analytics and revenue attribution platform aimed at enhancing B2B marketing and sales effectiveness. The company addresses the challenges of fragmented and unreliable data by providing a comprehensive data platform that automates the collection and analysis of go-to-market data. Dreamdata's platform integrates with various tracking providers, customer relationship management systems, and marketing tools to create a unified view of the customer journey. By leveraging advanced algorithms, it transforms this data into actionable insights, including attribution and ROI analytics. This facilitates informed decision-making and allows marketers to directly activate data through various systems, optimizing marketing efforts and significantly reducing go-to-market budgets. Ultimately, Dreamdata empowers B2B marketers to scale their initiatives efficiently and discover new strategies for revenue generation.
Garden
Seed Round in 2020
Garden is a development automation platform that focuses on enhancing the testing and development processes for backend applications, particularly in cloud native environments. As organizations increasingly adopt cloud technologies like containers and Kubernetes, developers often face challenges related to productivity and effective testing workflows. Garden addresses these issues by enabling the creation of ephemeral testing and preview environments that support integration tests, manual quality assurance, and development. This platform allows developers to receive timely feedback while alleviating DevOps teams from the burdens of managing ad hoc environments. Additionally, Garden offers an open-source core available on GitHub, as well as a fully supported enterprise edition, catering to diverse needs in modern software development.
Avo
Seed Round in 2020
Avo develops software aimed at enhancing the accuracy of product analytics by preventing human errors during implementation. The company's platform provides tools for defining event-based analytics and generating customized tracking libraries. These tools serve as a validation mechanism for developers, ensuring that analytics are correctly implemented according to design specifications. By functioning like a spell-checker for data quality and a type-checker for developers, Avo enables users to confidently track and analyze data while minimizing the risk of mistakes in their analytics processes.
Lucinity
Series A in 2020
Lucinity Holding ehf. is a company that specializes in anti-money laundering solutions through its platform, ClearLens. Founded in 2018 and headquartered in Reykjavík, Iceland, with an additional office in New York, Lucinity focuses on helping financial institutions like banks and fintech companies detect and prevent money laundering. The ClearLens platform enhances the capabilities of anti-money laundering teams by enabling them to identify suspicious behavior patterns, conduct pre-evaluations, review cases, and streamline compliance processes. By utilizing advanced technologies, including augmented intelligence and generative AI, Lucinity improves operational efficiency, reduces false positives, and continuously enhances the review process. The company's commitment to innovation and user experience has positioned it as a trusted partner for organizations seeking to navigate regulatory requirements and mitigate financial crime risks effectively.
1939
Venture Round in 2020
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.
Mainframe Industries
Series A in 2020
Mainframe Industries is a gaming development company founded in 2019, with headquarters in Helsinki, Finland, and a presence in Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming. With a team that combines expertise in AAA, MMO, and mobile game development, Mainframe Industries aims to deliver a unique gaming experience that supports cross-platform play across mobile devices, PCs, and televisions. The company emphasizes the potential of friction-free access through social networks and streaming platforms to enhance the creativity and engagement of game developers and players alike.
Elsa
Seed Round in 2020
Elsa is a platform for patient-driven research for better drugs, health, and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding of how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives them access to data on their specific disease through the Riskminder foundation and scientific studies at Karolinska Institutet.
Mainframe Industries
Seed Round in 2019
Mainframe Industries is a gaming development company founded in 2019, with headquarters in Helsinki, Finland, and a presence in Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming. With a team that combines expertise in AAA, MMO, and mobile game development, Mainframe Industries aims to deliver a unique gaming experience that supports cross-platform play across mobile devices, PCs, and televisions. The company emphasizes the potential of friction-free access through social networks and streaming platforms to enhance the creativity and engagement of game developers and players alike.
Lucinity
Seed Round in 2019
Lucinity Holding ehf. is a company that specializes in anti-money laundering solutions through its platform, ClearLens. Founded in 2018 and headquartered in Reykjavík, Iceland, with an additional office in New York, Lucinity focuses on helping financial institutions like banks and fintech companies detect and prevent money laundering. The ClearLens platform enhances the capabilities of anti-money laundering teams by enabling them to identify suspicious behavior patterns, conduct pre-evaluations, review cases, and streamline compliance processes. By utilizing advanced technologies, including augmented intelligence and generative AI, Lucinity improves operational efficiency, reduces false positives, and continuously enhances the review process. The company's commitment to innovation and user experience has positioned it as a trusted partner for organizations seeking to navigate regulatory requirements and mitigate financial crime risks effectively.
Kind
Seed Round in 2019
Kind is a digital healthcare communication platform that aims to enhance accessibility and efficiency in healthcare communication. The platform enables healthcare providers to broadcast messages to numerous contacts simultaneously and customize documents using templates tailored for clinics. It also facilitates the creation, archiving, and sharing of internal and external posts from a centralized library. Additionally, Kind automates and tracks patient journeys, which helps practitioners save time and streamline their communication processes. By offering a secure and structured environment for interaction, Kind caters to organizations of various sizes through a flexible subscription model.
1939
Seed Round in 2019
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.
Monerium
Seed Round in 2019
Monerium is a regulated financial services company that focuses on enhancing the accessibility and security of currency transactions. Founded in 2015 by a team with expertise in central banking, finance, blockchain, and technology, Monerium issues global e-money, allowing individuals to store and utilize virtual currency without reliance on traditional financial institutions. The company aims to bridge the gap between conventional finance and decentralized finance by providing e-money tokens (EMTs) on blockchains, thus facilitating transactions that bypass fiat currencies. Monerium's platform is designed to support a seamless integration of both traditional and decentralized financial services, positioning itself as a licensed financial institution in the evolving digital currency landscape.
Elsa
Seed Round in 2018
Elsa is a platform for patient-driven research for better drugs, health, and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding of how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives them access to data on their specific disease through the Riskminder foundation and scientific studies at Karolinska Institutet.
1939
Seed Round in 2018
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.
Aldin Dynamics
Seed Round in 2018
Aldin Dynamics is an Icelandic virtual reality software company founded in early 2013, dedicated to creating immersive and realistic virtual reality experiences. The company focuses on innovative storytelling through the integration of virtual reality and artificial intelligence, employing advanced XR technologies and design methods developed over the years. A key feature of Aldin's technology is behavior analysis, which enhances the realism of AI character interactions. This foundation supports the Ghostline XR toolsuite, designed to aid in the creation of engaging immersive content. Aldin's flagship experience, Waltz of the Wizard, has attracted over 250,000 users and received recognition for its interaction design. The company aims to push the boundaries of interactive storytelling while providing valuable analytics that help game developers enhance VR game design.
Kara Connect
Seed Round in 2018
Kara Connect ehf. is a telepractice platform based in Reykjavík, Iceland, established in 2014. The platform connects service providers in healthcare and education with patients and organizations seeking professional assistance. It offers a customized wellness hub designed specifically for companies, enabling employees to access high-quality coaching, counseling, and therapy services tailored to their individual needs. By facilitating access to a diverse range of professionals, including therapists and educators, Kara Connect aims to enhance the availability of support in the health, welfare, and educational sectors, thereby empowering individuals and organizations to improve their well-being and potential.
Travelade
Seed Round in 2017
Travelade - the online travel platform allowing tourists to discover, plan, and book more authentic holiday activities by providing them with the world’s largest collection of crowdsourced travel guides Anyone who loves to share travel tips with friends, visitors or customers can create and customize their Wanderguide within minutes — and start reselling local tours and activities immediately for a commission. As easy creating a Pinterest board and as actionable as Shopify, Travelade is reinventing how people share travel recommendations and discover things to do and see.
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