Eyrir Sprotar

Eyrir Sprotar is a venture capital firm based in Reykjavík, Iceland, founded in 2012. The firm specializes in investing in seed-stage and early-stage companies, aiming to foster international growth and value creation. Eyrir Sprotar employs a comprehensive investment strategy that supports businesses at various stages of their development, from initial seed capital to funding for early-stage ventures. The firm is also involved in managing the Eyrir Sprotar Fund, which focuses on investing in Icelandic companies. Through its targeted investments, Eyrir Sprotar seeks to identify and nurture promising ventures in order to drive their success on a global scale.

Kristinn Palmason

Managing Director and CEO

45 past transactions

Digiphy

Pre Seed Round in 2022
Developer of a SaaS platform designed to connect companies directly to consumers. The company's platform offers new insights and converts one-time buyers into loyal customers, also captures first-party data, fosters trust and drives consumer action and marketing materials into immersive digital experiences, enabling businesses to collect valuable zero-party consumer data.

PayAnalytics

Series A in 2021
PayAnalytics ehf is a company based in Reykjavik, Iceland, founded in 2017, that specializes in cloud-based software solutions for human resources managers. The company's primary focus is on compensation analytics, providing tools that help organizations monitor and address gender pay gaps. Through its software, PayAnalytics enables clients to conduct salary reviews and analyses, allowing them to measure and close demographic pay disparities effectively. The platform also facilitates ongoing monitoring of salary data, ensuring that pay gaps remain addressed over time.

RoRo

Venture Round in 2020
RóRó is a company dedicated to helping babies and their caregivers feel better. Their first product is the Lúlla doll. The Lulla doll is a sleep companion for preemies, babies and toddlers. It imitates closeness to a caregiver at rest with its soft feel of natural cotton and soothing sounds of real-life breathing and heartbeat. Lulla's unique design is based on scientific research that shows how closeness improves sleep, wellbeing and safety.

Cooori

Venture Round in 2020
Cooori ehf is an ed-tech company based in Reykjavík, Iceland, that specializes in developing web-based software for language learning. Utilizing artificial intelligence, Cooori's platform offers personalized learning experiences by analyzing users' proficiency levels and learning habits. The company's innovative neural network determines the most effective exercises for each user, optimizing their learning schedule based on scientific research related to human memory and deep learning technology. Although the primary focus is on the B2B English TOEIC market in Japan, the adaptable nature of the platform allows for its application across various languages and learning products. Cooori aims to facilitate language acquisition by enabling users to learn at their own pace, regardless of location or time.

eTactica

Venture Round in 2020
eTactica, developed by ReMake Electric, is an advanced energy management system designed for detailed monitoring of electrical usage at the branch level. Based in Iceland, ReMake Electric manufactures eTactica measurement products and offers the eTactica Energy Monitoring System as a software as a service (SaaS). This innovative solution allows businesses to gain insights into their electricity consumption, load, and distribution, even down to individual circuit breakers. By providing granular data on electrical usage, eTactica helps customers reduce energy costs and prevent electrical overload, surpassing what traditional macro measurement can achieve. The system is compatible with both new and existing electrical cabinets, making it particularly beneficial for electricity-dependent industries such as supermarkets, airports, and data centers. With built-in connectivity options like ethernet and Wi-Fi, eTactica facilitates efficient monitoring and analysis, ultimately leading to significant operational improvements and cost savings.

Beedle

Venture Round in 2020
Beedle is a developer of learning management software aimed at enhancing the educational experience by making it more engaging and interactive. The company's tools facilitate the planning, scheduling, and organization of online classes, allowing educators to manage student groups, attendance, and assessments efficiently. Beedle’s platform also enables the sharing of lesson plans and the recording of feedback, which fosters a collaborative learning environment. By streamlining various teaching and learning processes, Beedle supports educators and educational institutions in delivering effective online education.

Sæbýli

Venture Round in 2020
Sæbýli ehf. produces abalone, a type of seafood. The company was founded in 2008 and is based in Eyrarbakki, Iceland.

Activity Stream

Venture Round in 2020
Activity Stream Ltd. specializes in developing applications that transform underutilized business data into actionable intelligence and insights. Founded in 2013 and based in Reykjavik, Iceland, the company serves various industries including commerce, banking, insurance, telecommunications, airlines, and manufacturing. Its platform observes activities across an organization's business systems to create a comprehensive view of operations, allowing for the recognition of patterns, opportunities, and threats in real time. By providing timely intelligence to relevant stakeholders, Activity Stream enables organizations to proactively address challenges and capitalize on opportunities. The company's Operational Intelligence Layer can be seamlessly integrated into existing IT infrastructure without the need for extensive system overhauls.

Atmonia

Venture Round in 2020
Atmonia is an early stage company, developing a breakthrough electro-catalytic process for generating aqueous ammonia from air and water, for direct use as fertilizer through irrigation. The Atmonia process, unlike conventional ammonia production, is zero carbon and works at ambient pressure and temperature and is based on economical and abundant catalysts.

AwareGO

Venture Round in 2020
AwareGO operates a security awareness training platform focused on enhancing cybersecurity knowledge in the workplace. The company specializes in creating ultra short, high-quality security awareness videos that are designed to be memorable and easily understood by employees. By keeping the training concise, AwareGO ensures that it does not disrupt productivity while effectively educating staff about cyber and information security. Additionally, the platform enables enterprises to measure and track their employees' understanding and behavior regarding cybersecurity, helping organizations to foster a more secure working environment.

Handpoint

Venture Round in 2020
HandPoint ehf. develops handheld software solutions for the retail and distribution, energy, preventive maintenance, market research, and healthcare sectors. The company’s products include handPoint Retail, an application that transfers retail tasks to handheld; handPoint Orbit, a quality management tool that transfers data to handheld computers; and handPoint Meter, a PalmOS based meter-reading solution. Its clients include ATV, Byko, Jacodan, Medcare, and Gallup. HandPoint ehf. was founded in 1999 and is based in Kopavogur, Iceland with an additional office in Denmark.

SagaNatura

Venture Round in 2020
SagaNatura is an Icelandic biotech company that specializes in the development, production, and export of health products derived from premium Icelandic ingredients. The company focuses on the organic herb Archangelica Angelica and high-quality Astaxanthin, offering a range of consumer products that are safe, vegan-friendly, and of Icelandic origin. SagaNatura operates under two primary brands, SagaMedica, established in 2000, and KeyNatura, launched in 2014. The company aims to promote healthier lifestyles through its clean-label nutrition products, which address various health issues, including vision, skin health, energy, and concentration. By leveraging Iceland's pristine environment, SagaNatura is committed to providing high-quality health solutions that contribute to the well-being of consumers.

AwareGO

Venture Round in 2019
AwareGO operates a security awareness training platform focused on enhancing cybersecurity knowledge in the workplace. The company specializes in creating ultra short, high-quality security awareness videos that are designed to be memorable and easily understood by employees. By keeping the training concise, AwareGO ensures that it does not disrupt productivity while effectively educating staff about cyber and information security. Additionally, the platform enables enterprises to measure and track their employees' understanding and behavior regarding cybersecurity, helping organizations to foster a more secure working environment.

Atmonia

Convertible Note in 2019
Atmonia is an early stage company, developing a breakthrough electro-catalytic process for generating aqueous ammonia from air and water, for direct use as fertilizer through irrigation. The Atmonia process, unlike conventional ammonia production, is zero carbon and works at ambient pressure and temperature and is based on economical and abundant catalysts.

Cooori

Venture Round in 2019
Cooori ehf is an ed-tech company based in Reykjavík, Iceland, that specializes in developing web-based software for language learning. Utilizing artificial intelligence, Cooori's platform offers personalized learning experiences by analyzing users' proficiency levels and learning habits. The company's innovative neural network determines the most effective exercises for each user, optimizing their learning schedule based on scientific research related to human memory and deep learning technology. Although the primary focus is on the B2B English TOEIC market in Japan, the adaptable nature of the platform allows for its application across various languages and learning products. Cooori aims to facilitate language acquisition by enabling users to learn at their own pace, regardless of location or time.

RoRo

Venture Round in 2019
RóRó is a company dedicated to helping babies and their caregivers feel better. Their first product is the Lúlla doll. The Lulla doll is a sleep companion for preemies, babies and toddlers. It imitates closeness to a caregiver at rest with its soft feel of natural cotton and soothing sounds of real-life breathing and heartbeat. Lulla's unique design is based on scientific research that shows how closeness improves sleep, wellbeing and safety.

Handpoint

Venture Round in 2019
HandPoint ehf. develops handheld software solutions for the retail and distribution, energy, preventive maintenance, market research, and healthcare sectors. The company’s products include handPoint Retail, an application that transfers retail tasks to handheld; handPoint Orbit, a quality management tool that transfers data to handheld computers; and handPoint Meter, a PalmOS based meter-reading solution. Its clients include ATV, Byko, Jacodan, Medcare, and Gallup. HandPoint ehf. was founded in 1999 and is based in Kopavogur, Iceland with an additional office in Denmark.

Atmonia

Venture Round in 2019
Atmonia is an early stage company, developing a breakthrough electro-catalytic process for generating aqueous ammonia from air and water, for direct use as fertilizer through irrigation. The Atmonia process, unlike conventional ammonia production, is zero carbon and works at ambient pressure and temperature and is based on economical and abundant catalysts.

Activity Stream

Venture Round in 2019
Activity Stream Ltd. specializes in developing applications that transform underutilized business data into actionable intelligence and insights. Founded in 2013 and based in Reykjavik, Iceland, the company serves various industries including commerce, banking, insurance, telecommunications, airlines, and manufacturing. Its platform observes activities across an organization's business systems to create a comprehensive view of operations, allowing for the recognition of patterns, opportunities, and threats in real time. By providing timely intelligence to relevant stakeholders, Activity Stream enables organizations to proactively address challenges and capitalize on opportunities. The company's Operational Intelligence Layer can be seamlessly integrated into existing IT infrastructure without the need for extensive system overhauls.

AwareGO

Venture Round in 2018
AwareGO operates a security awareness training platform focused on enhancing cybersecurity knowledge in the workplace. The company specializes in creating ultra short, high-quality security awareness videos that are designed to be memorable and easily understood by employees. By keeping the training concise, AwareGO ensures that it does not disrupt productivity while effectively educating staff about cyber and information security. Additionally, the platform enables enterprises to measure and track their employees' understanding and behavior regarding cybersecurity, helping organizations to foster a more secure working environment.

Activity Stream

Venture Round in 2018
Activity Stream Ltd. specializes in developing applications that transform underutilized business data into actionable intelligence and insights. Founded in 2013 and based in Reykjavik, Iceland, the company serves various industries including commerce, banking, insurance, telecommunications, airlines, and manufacturing. Its platform observes activities across an organization's business systems to create a comprehensive view of operations, allowing for the recognition of patterns, opportunities, and threats in real time. By providing timely intelligence to relevant stakeholders, Activity Stream enables organizations to proactively address challenges and capitalize on opportunities. The company's Operational Intelligence Layer can be seamlessly integrated into existing IT infrastructure without the need for extensive system overhauls.

Lífdísill

Venture Round in 2018
Lífdísill

SagaNatura

Venture Round in 2018
SagaNatura is an Icelandic biotech company that specializes in the development, production, and export of health products derived from premium Icelandic ingredients. The company focuses on the organic herb Archangelica Angelica and high-quality Astaxanthin, offering a range of consumer products that are safe, vegan-friendly, and of Icelandic origin. SagaNatura operates under two primary brands, SagaMedica, established in 2000, and KeyNatura, launched in 2014. The company aims to promote healthier lifestyles through its clean-label nutrition products, which address various health issues, including vision, skin health, energy, and concentration. By leveraging Iceland's pristine environment, SagaNatura is committed to providing high-quality health solutions that contribute to the well-being of consumers.

Sæbýli

Venture Round in 2018
Sæbýli ehf. produces abalone, a type of seafood. The company was founded in 2008 and is based in Eyrarbakki, Iceland.

Handpoint

Venture Round in 2018
HandPoint ehf. develops handheld software solutions for the retail and distribution, energy, preventive maintenance, market research, and healthcare sectors. The company’s products include handPoint Retail, an application that transfers retail tasks to handheld; handPoint Orbit, a quality management tool that transfers data to handheld computers; and handPoint Meter, a PalmOS based meter-reading solution. Its clients include ATV, Byko, Jacodan, Medcare, and Gallup. HandPoint ehf. was founded in 1999 and is based in Kopavogur, Iceland with an additional office in Denmark.

Cooori

Venture Round in 2018
Cooori ehf is an ed-tech company based in Reykjavík, Iceland, that specializes in developing web-based software for language learning. Utilizing artificial intelligence, Cooori's platform offers personalized learning experiences by analyzing users' proficiency levels and learning habits. The company's innovative neural network determines the most effective exercises for each user, optimizing their learning schedule based on scientific research related to human memory and deep learning technology. Although the primary focus is on the B2B English TOEIC market in Japan, the adaptable nature of the platform allows for its application across various languages and learning products. Cooori aims to facilitate language acquisition by enabling users to learn at their own pace, regardless of location or time.

eTactica

Venture Round in 2018
eTactica, developed by ReMake Electric, is an advanced energy management system designed for detailed monitoring of electrical usage at the branch level. Based in Iceland, ReMake Electric manufactures eTactica measurement products and offers the eTactica Energy Monitoring System as a software as a service (SaaS). This innovative solution allows businesses to gain insights into their electricity consumption, load, and distribution, even down to individual circuit breakers. By providing granular data on electrical usage, eTactica helps customers reduce energy costs and prevent electrical overload, surpassing what traditional macro measurement can achieve. The system is compatible with both new and existing electrical cabinets, making it particularly beneficial for electricity-dependent industries such as supermarkets, airports, and data centers. With built-in connectivity options like ethernet and Wi-Fi, eTactica facilitates efficient monitoring and analysis, ultimately leading to significant operational improvements and cost savings.

InfoMentor

Venture Round in 2018
InfoMentor is a prominent provider of cloud-based teaching and learning solutions aimed at fostering the full potential of students. By integrating curriculum planning, pupil assessment, progress analysis, and parental engagement into a single platform, InfoMentor creates an efficient learning environment that connects teachers, students, and parents. This approach enables educators to tailor their teaching to meet the specific needs of their schools while maximizing their time for direct student engagement. The company's mission is to facilitate optimal conditions for learning, ensuring that all pupils can thrive in their educational journeys.

InfoMentor

Venture Round in 2017
InfoMentor is a prominent provider of cloud-based teaching and learning solutions aimed at fostering the full potential of students. By integrating curriculum planning, pupil assessment, progress analysis, and parental engagement into a single platform, InfoMentor creates an efficient learning environment that connects teachers, students, and parents. This approach enables educators to tailor their teaching to meet the specific needs of their schools while maximizing their time for direct student engagement. The company's mission is to facilitate optimal conditions for learning, ensuring that all pupils can thrive in their educational journeys.

Sæbýli

Venture Round in 2017
Sæbýli ehf. produces abalone, a type of seafood. The company was founded in 2008 and is based in Eyrarbakki, Iceland.

Activity Stream

Venture Round in 2017
Activity Stream Ltd. specializes in developing applications that transform underutilized business data into actionable intelligence and insights. Founded in 2013 and based in Reykjavik, Iceland, the company serves various industries including commerce, banking, insurance, telecommunications, airlines, and manufacturing. Its platform observes activities across an organization's business systems to create a comprehensive view of operations, allowing for the recognition of patterns, opportunities, and threats in real time. By providing timely intelligence to relevant stakeholders, Activity Stream enables organizations to proactively address challenges and capitalize on opportunities. The company's Operational Intelligence Layer can be seamlessly integrated into existing IT infrastructure without the need for extensive system overhauls.

eTactica

Venture Round in 2017
eTactica, developed by ReMake Electric, is an advanced energy management system designed for detailed monitoring of electrical usage at the branch level. Based in Iceland, ReMake Electric manufactures eTactica measurement products and offers the eTactica Energy Monitoring System as a software as a service (SaaS). This innovative solution allows businesses to gain insights into their electricity consumption, load, and distribution, even down to individual circuit breakers. By providing granular data on electrical usage, eTactica helps customers reduce energy costs and prevent electrical overload, surpassing what traditional macro measurement can achieve. The system is compatible with both new and existing electrical cabinets, making it particularly beneficial for electricity-dependent industries such as supermarkets, airports, and data centers. With built-in connectivity options like ethernet and Wi-Fi, eTactica facilitates efficient monitoring and analysis, ultimately leading to significant operational improvements and cost savings.

KeyNatura

Seed Round in 2016
KeyNatura EHF. is an integrated biotech company based in Kopavogur, Iceland, specializing in the production of natural astaxanthin products. These products are designed to combat oxidative stress caused by free radicals, which can damage cell structures. KeyNatura employs a fully contained and easily controllable production process that emphasizes sustainability and utilizes renewable resources. Through extensive research and development, the company has perfected its extraction techniques from algae, resulting in highly active and stable astaxanthin with an extended shelf life. Additionally, KeyNatura collaborates with partners to develop new combination products and formulations for food supplements and nutraceuticals, ensuring high-quality delivery while minimizing contamination risks through a clean label in-house process.

SagaNatura

Venture Round in 2016
SagaNatura is an Icelandic biotech company that specializes in the development, production, and export of health products derived from premium Icelandic ingredients. The company focuses on the organic herb Archangelica Angelica and high-quality Astaxanthin, offering a range of consumer products that are safe, vegan-friendly, and of Icelandic origin. SagaNatura operates under two primary brands, SagaMedica, established in 2000, and KeyNatura, launched in 2014. The company aims to promote healthier lifestyles through its clean-label nutrition products, which address various health issues, including vision, skin health, energy, and concentration. By leveraging Iceland's pristine environment, SagaNatura is committed to providing high-quality health solutions that contribute to the well-being of consumers.

InfoMentor

Venture Round in 2016
InfoMentor is a prominent provider of cloud-based teaching and learning solutions aimed at fostering the full potential of students. By integrating curriculum planning, pupil assessment, progress analysis, and parental engagement into a single platform, InfoMentor creates an efficient learning environment that connects teachers, students, and parents. This approach enables educators to tailor their teaching to meet the specific needs of their schools while maximizing their time for direct student engagement. The company's mission is to facilitate optimal conditions for learning, ensuring that all pupils can thrive in their educational journeys.

Lífdísill

Venture Round in 2016
Lífdísill

Activity Stream

Venture Round in 2016
Activity Stream Ltd. specializes in developing applications that transform underutilized business data into actionable intelligence and insights. Founded in 2013 and based in Reykjavik, Iceland, the company serves various industries including commerce, banking, insurance, telecommunications, airlines, and manufacturing. Its platform observes activities across an organization's business systems to create a comprehensive view of operations, allowing for the recognition of patterns, opportunities, and threats in real time. By providing timely intelligence to relevant stakeholders, Activity Stream enables organizations to proactively address challenges and capitalize on opportunities. The company's Operational Intelligence Layer can be seamlessly integrated into existing IT infrastructure without the need for extensive system overhauls.

Handpoint

Venture Round in 2016
HandPoint ehf. develops handheld software solutions for the retail and distribution, energy, preventive maintenance, market research, and healthcare sectors. The company’s products include handPoint Retail, an application that transfers retail tasks to handheld; handPoint Orbit, a quality management tool that transfers data to handheld computers; and handPoint Meter, a PalmOS based meter-reading solution. Its clients include ATV, Byko, Jacodan, Medcare, and Gallup. HandPoint ehf. was founded in 1999 and is based in Kopavogur, Iceland with an additional office in Denmark.

Cooori

Venture Round in 2016
Cooori ehf is an ed-tech company based in Reykjavík, Iceland, that specializes in developing web-based software for language learning. Utilizing artificial intelligence, Cooori's platform offers personalized learning experiences by analyzing users' proficiency levels and learning habits. The company's innovative neural network determines the most effective exercises for each user, optimizing their learning schedule based on scientific research related to human memory and deep learning technology. Although the primary focus is on the B2B English TOEIC market in Japan, the adaptable nature of the platform allows for its application across various languages and learning products. Cooori aims to facilitate language acquisition by enabling users to learn at their own pace, regardless of location or time.

Sæbýli

Venture Round in 2015
Sæbýli ehf. produces abalone, a type of seafood. The company was founded in 2008 and is based in Eyrarbakki, Iceland.

eTactica

Venture Round in 2015
eTactica, developed by ReMake Electric, is an advanced energy management system designed for detailed monitoring of electrical usage at the branch level. Based in Iceland, ReMake Electric manufactures eTactica measurement products and offers the eTactica Energy Monitoring System as a software as a service (SaaS). This innovative solution allows businesses to gain insights into their electricity consumption, load, and distribution, even down to individual circuit breakers. By providing granular data on electrical usage, eTactica helps customers reduce energy costs and prevent electrical overload, surpassing what traditional macro measurement can achieve. The system is compatible with both new and existing electrical cabinets, making it particularly beneficial for electricity-dependent industries such as supermarkets, airports, and data centers. With built-in connectivity options like ethernet and Wi-Fi, eTactica facilitates efficient monitoring and analysis, ultimately leading to significant operational improvements and cost savings.

SagaNatura

Venture Round in 2015
SagaNatura is an Icelandic biotech company that specializes in the development, production, and export of health products derived from premium Icelandic ingredients. The company focuses on the organic herb Archangelica Angelica and high-quality Astaxanthin, offering a range of consumer products that are safe, vegan-friendly, and of Icelandic origin. SagaNatura operates under two primary brands, SagaMedica, established in 2000, and KeyNatura, launched in 2014. The company aims to promote healthier lifestyles through its clean-label nutrition products, which address various health issues, including vision, skin health, energy, and concentration. By leveraging Iceland's pristine environment, SagaNatura is committed to providing high-quality health solutions that contribute to the well-being of consumers.

InfoMentor

Venture Round in 2015
InfoMentor is a prominent provider of cloud-based teaching and learning solutions aimed at fostering the full potential of students. By integrating curriculum planning, pupil assessment, progress analysis, and parental engagement into a single platform, InfoMentor creates an efficient learning environment that connects teachers, students, and parents. This approach enables educators to tailor their teaching to meet the specific needs of their schools while maximizing their time for direct student engagement. The company's mission is to facilitate optimal conditions for learning, ensuring that all pupils can thrive in their educational journeys.

Handpoint

Venture Round in 2015
HandPoint ehf. develops handheld software solutions for the retail and distribution, energy, preventive maintenance, market research, and healthcare sectors. The company’s products include handPoint Retail, an application that transfers retail tasks to handheld; handPoint Orbit, a quality management tool that transfers data to handheld computers; and handPoint Meter, a PalmOS based meter-reading solution. Its clients include ATV, Byko, Jacodan, Medcare, and Gallup. HandPoint ehf. was founded in 1999 and is based in Kopavogur, Iceland with an additional office in Denmark.

Lífdísill

Venture Round in 2015
Lífdísill
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