Frumtak Ventures

Optise is an AI-powered website insights tool for B2B businesses.

Moombix is a business that specializes in online music education. It operates a comprehensive platform that connects students with professional music teachers for live, one-on-one lessons via livestream. The platform features a marketplace with detailed teacher profiles, a booking and payment system, and a timeline that records all interactions and shared files. It also includes tools like a lesson planner, progress bar, recording feature, and messaging system to enhance learning and track student progress.

Treble Technologies is a company that focuses on advanced wave-based sound simulation products tailored for the architecture, engineering, and construction (AEC) industry. It offers specialized acoustics design software that enables the creation of physically accurate and perceptually realistic virtual acoustics. This software aids in minimizing risks and ensuring that designs adhere to all relevant regulations and certification standards. Additionally, it streamlines the process of importing, exporting, and reconfiguring models, ultimately saving time and costs for users. Treble's services find applications across various sectors, including automotive design, building architecture, immersive reality, and artificial intelligence, supporting studios and artists in delivering high-quality projects.

PLAIO is an AI-powered platform designed specifically for the pharmaceutical industry. It optimizes supply chain management by replacing outdated planning methods with advanced AI, machine learning, and real-time data analytics. PLAIO enhances decision-making, improves forecast accuracy, and streamlines planning workflows through seamless integration into existing ERP systems.

Activity Stream is a Reykjavik-based provider of an AI-driven operational intelligence platform that converts underutilized business data into real-time actionable insights. The platform observes activity across a company’s systems to construct a complete, contextual view of operations, enabling detection of patterns, opportunities, and threats as they emerge. It delivers targeted intelligence to the right stakeholders at the right time, helping organizations act proactively. The solution is designed to be deployed unobtrusively on top of existing IT infrastructure without requiring rip-and-replace. Activity Stream serves a broad range of industries, including commerce, banking, insurance, telecommunications, airlines, and manufacturing, and is also used in live entertainment for venue marketing and optimization. The company was founded in 2013 and is based in Reykjavik, Iceland.

Treble Technologies is a company that focuses on advanced wave-based sound simulation products tailored for the architecture, engineering, and construction (AEC) industry. It offers specialized acoustics design software that enables the creation of physically accurate and perceptually realistic virtual acoustics. This software aids in minimizing risks and ensuring that designs adhere to all relevant regulations and certification standards. Additionally, it streamlines the process of importing, exporting, and reconfiguring models, ultimately saving time and costs for users. Treble's services find applications across various sectors, including automotive design, building architecture, immersive reality, and artificial intelligence, supporting studios and artists in delivering high-quality projects.

Abler streamlines team management by offering an integrated platform for scheduling, communication, payments, and data organization. This enables users to focus on developing life skills and values through sports and other structured activities.

Empower is a diversity, equity and inclusion solutions provider that combines DEI consulting with technical software to support HR and DEI teams in government and enterprise organizations worldwide. It delivers high-impact methodologies and tools such as dashboards, goals, KPIs, and micro-learning content to drive organizational change toward more inclusive workplaces. Its holistic software enables real-time visibility into workplace diversity and inclusion status, supports goal setting and progress tracking, and provides employee micro-education to reinforce an inclusive culture.

50skills is a developer of cloud-based HR software designed to enhance the employee onboarding process. The company’s solutions are utilized by numerous managers across high-turnover sectors such as retail, hospitality, and transportation. By centralizing employee data, 50skills significantly reduces the time it takes for new hires to become active contributors to their roles. The software eliminates repetitive data entry tasks across various systems and seamlessly integrates with existing tools and services used by employers. Key functionalities include creating and e-signing essential paperwork, managing training videos through learning management systems, and facilitating user creation in core systems like payroll and time registration. Through these innovations, 50skills aims to streamline and simplify human resources operations, making them more efficient and cost-effective for organizations.

Sidekick Health is a digital care platform that focuses on patient empowerment and scalable management of chronic illnesses. It blends evidence‑based clinical practices with behavioral economics and gamification to create personalized care experiences. The platform offers integrated multi‑chronic condition management, health screening, and analytics that predict, manage, and prevent chronic and lifestyle‑related diseases. Users engage in tailored wellness activities while connecting with clinicians, and the system delivers actionable data insights to healthcare stakeholders. Sidekick partners with pharmaceutical companies, payers, and providers to prioritize patient outcomes and improve the accessibility and efficiency of healthcare delivery.

Spectaflow offers integrated SaaS solutions to the hotel and accommodations industry. One of the most difficult and time-consuming aspects of hospitality management, managing deskless workforces in hotel and vacation rental operations is the focus of Spectaflow. Spectaflow mitigates staffing issues, and interdepartmental miscommunications, and improves cleaning and maintenance workflows for significantly improved guest services and experiences.  The company does this by strategically integrating with existing systems and utilizing AI for predictive planning.

PLAIO is an AI-powered platform designed specifically for the pharmaceutical industry. It optimizes supply chain management by replacing outdated planning methods with advanced AI, machine learning, and real-time data analytics. PLAIO enhances decision-making, improves forecast accuracy, and streamlines planning workflows through seamless integration into existing ERP systems.

Ankeri is a company that specializes in developing cloud-based software solutions aimed at enhancing ship performance, particularly in relation to charter parties, or contracts. Founded on December 1, 2016, Ankeri boasts a team with over 25 years of combined experience in marketing, designing, and developing software products tailored for the shipping industry. The company’s software provides a comprehensive online dashboard that monitors ship performance profiles and time-charter party performance, allowing ship owners and charterers to easily access and share validated information. This facilitates data-driven decision-making and contributes to improved performance outcomes within the circular economy.

Meniga develops white-label digital banking solutions that enable personal finance management, automated notifications, predictive analytics, and personalized engagement. It also offers marketing products such as card-linked offers and consumer data analytics.

Sidekick Health is a digital care platform that focuses on patient empowerment and scalable management of chronic illnesses. It blends evidence‑based clinical practices with behavioral economics and gamification to create personalized care experiences. The platform offers integrated multi‑chronic condition management, health screening, and analytics that predict, manage, and prevent chronic and lifestyle‑related diseases. Users engage in tailored wellness activities while connecting with clinicians, and the system delivers actionable data insights to healthcare stakeholders. Sidekick partners with pharmaceutical companies, payers, and providers to prioritize patient outcomes and improve the accessibility and efficiency of healthcare delivery.

Controlant is a prominent provider of real-time supply chain monitoring and visibility solutions, specializing in heavily regulated industries such as pharmaceuticals, life sciences, and food and beverages. The company aims to enhance the end-to-end supply chain by improving product flow visibility and quality while minimizing waste. Controlant offers an innovative automated Cold Chain as a Service solution that utilizes IoT technology, cloud-enabled advanced analytics, and API connectivity. This approach allows customers to achieve significant annualized returns on investment, reduce material losses, and improve operational reliability. Controlant’s services include a wireless sensor network that enables automatic monitoring and location traceability of perishable goods, ultimately helping clients, including Fortune 500 companies, to achieve greater efficiency by optimizing business processes and enhancing communication through advanced technology.

Meniga develops white-label digital banking solutions that enable personal finance management, automated notifications, predictive analytics, and personalized engagement. It also offers marketing products such as card-linked offers and consumer data analytics.

Controlant is a prominent provider of real-time supply chain monitoring and visibility solutions, specializing in heavily regulated industries such as pharmaceuticals, life sciences, and food and beverages. The company aims to enhance the end-to-end supply chain by improving product flow visibility and quality while minimizing waste. Controlant offers an innovative automated Cold Chain as a Service solution that utilizes IoT technology, cloud-enabled advanced analytics, and API connectivity. This approach allows customers to achieve significant annualized returns on investment, reduce material losses, and improve operational reliability. Controlant’s services include a wireless sensor network that enables automatic monitoring and location traceability of perishable goods, ultimately helping clients, including Fortune 500 companies, to achieve greater efficiency by optimizing business processes and enhancing communication through advanced technology.

Founded in 2012, Kaptio specializes in enterprise Software-as-a-Service solutions for the travel industry. It offers Kaptio Travel, a platform designed to manage the Proposal-to-Operation lifecycle and relationship management with customers, suppliers, and agents for travel service providers. The company also provides implementation services, cloud integration management, and custom application development.

Meniga develops white-label digital banking solutions that enable personal finance management, automated notifications, predictive analytics, and personalized engagement. It also offers marketing products such as card-linked offers and consumer data analytics.

Sidekick Health is a digital care platform that focuses on patient empowerment and scalable management of chronic illnesses. It blends evidence‑based clinical practices with behavioral economics and gamification to create personalized care experiences. The platform offers integrated multi‑chronic condition management, health screening, and analytics that predict, manage, and prevent chronic and lifestyle‑related diseases. Users engage in tailored wellness activities while connecting with clinicians, and the system delivers actionable data insights to healthcare stakeholders. Sidekick partners with pharmaceutical companies, payers, and providers to prioritize patient outcomes and improve the accessibility and efficiency of healthcare delivery.

Valka is a manufacturer of advanced equipment designed for fish processing. The company produces high-quality hardware and software solutions aimed at enhancing productivity through innovative technologies. Their product portfolio includes whole-fish grading systems, X-ray-guided cutting and portioning systems, packing technology, feed-dispersing systems, and inventory control. Valka's team consists of experienced individuals from the technical side of the seafood industry, committed to solving mission-critical problems promptly and efficiently. The company holds five patents with more pending, reflecting its dedication to innovation and creativity. Led by CEO Helgi Hjálmarsson, Valka is focused on long-term customer service, continually improving products to meet client needs and expanding its international customer base.

Meniga develops white-label digital banking solutions that enable personal finance management, automated notifications, predictive analytics, and personalized engagement. It also offers marketing products such as card-linked offers and consumer data analytics.

Data Dwell develops digital asset management software that supports marketing and sales teams by providing tools for indexing, auto‑tagging, and facial recognition. The platform integrates with popular ecosystems, notably Salesforce, to streamline content storage, organization, and retrieval. It also offers sales enablement features, delivering guidance, insights, and actionable improvements to help organizations implement effective sales strategies and secure document conversion.

Tulipop is a unique children's brand, founded by Signy and Helga, offering an enchanting range of products inspired by nature and featuring original, whimsical characters like Bubble and Gloomy. Their online retail platform sells a variety of collectibles, including vinyl figurines, plush toys, and accessories, challenging traditional gender stereotypes.

Founded in 2012, Kaptio specializes in enterprise Software-as-a-Service solutions for the travel industry. It offers Kaptio Travel, a platform designed to manage the Proposal-to-Operation lifecycle and relationship management with customers, suppliers, and agents for travel service providers. The company also provides implementation services, cloud integration management, and custom application development.

Activity Stream is a Reykjavik-based provider of an AI-driven operational intelligence platform that converts underutilized business data into real-time actionable insights. The platform observes activity across a company’s systems to construct a complete, contextual view of operations, enabling detection of patterns, opportunities, and threats as they emerge. It delivers targeted intelligence to the right stakeholders at the right time, helping organizations act proactively. The solution is designed to be deployed unobtrusively on top of existing IT infrastructure without requiring rip-and-replace. Activity Stream serves a broad range of industries, including commerce, banking, insurance, telecommunications, airlines, and manufacturing, and is also used in live entertainment for venue marketing and optimization. The company was founded in 2013 and is based in Reykjavik, Iceland.

Watchbox is a company that specializes in enhancing employee engagement and fostering a positive work culture. It does this by providing a platform where employees can capture and share moments from both their professional and personal lives, using photos and videos. These moments can range from work highlights and events to personal interests and experiences. The platform not only allows employees to view these moments in the app but also displays them on dedicated screens placed in common office areas, creating a constant stream of engaging content. Watchbox offers creative concepts to encourage diverse content creation, further reinforcing a positive company culture.

Controlant is a prominent provider of real-time supply chain monitoring and visibility solutions, specializing in heavily regulated industries such as pharmaceuticals, life sciences, and food and beverages. The company aims to enhance the end-to-end supply chain by improving product flow visibility and quality while minimizing waste. Controlant offers an innovative automated Cold Chain as a Service solution that utilizes IoT technology, cloud-enabled advanced analytics, and API connectivity. This approach allows customers to achieve significant annualized returns on investment, reduce material losses, and improve operational reliability. Controlant’s services include a wireless sensor network that enables automatic monitoring and location traceability of perishable goods, ultimately helping clients, including Fortune 500 companies, to achieve greater efficiency by optimizing business processes and enhancing communication through advanced technology.

Arctic Trucks, founded in Iceland in 1990, specializes in the re-engineering and conversion of four-wheel drive vehicles designed for extreme conditions. The company has developed significant expertise in enhancing vehicle handling, safety, and reliability for both on and off-road applications. Arctic Trucks' development engineers have actively participated in various expeditions, gaining firsthand knowledge of the unique challenges these vehicles must overcome. This experience allows the company to create vehicles capable of navigating some of the planet's harshest environments, including expeditions to both the North and South Poles. Notably, Arctic Trucks set a record for the fastest journey to the South Pole in 2010. While their vehicles excel in extreme conditions, they are also suitable for everyday use, whether in rugged countryside or urban settings, making them versatile for a range of outdoor adventures.

Meniga develops white-label digital banking solutions that enable personal finance management, automated notifications, predictive analytics, and personalized engagement. It also offers marketing products such as card-linked offers and consumer data analytics.

Cintamani Ltd. is an Icelandic outdoor clothing brand founded in 1994 and based in Garðabær, Iceland. Initially established to create clothing prototypes for protection against severe Arctic winters, the company has evolved into one of the largest outdoor brands in Iceland. Cintamani manufactures and sells a wide range of outdoor apparel for women, men, children, and infants, including coats, jackets, jumpers, pants, dresses, and accessories like backpacks, hats, and gloves. The brand emphasizes high-quality, technologically advanced products that cater to both outdoor enthusiasts and everyday wear needs. Cintamani distributes its products through physical stores and various retailers across several countries, including Austria, Denmark, Canada, Norway, Switzerland, and Germany.

DataMarket is a company that specializes in helping professionals access and comprehend data from various sources. It aggregates complex and diverse datasets into a single, searchable format, enabling users to compare, visualize, and share information across teams or organizations. DataMarket provides enterprises with a comprehensive view of their business environment by offering syndicated, proprietary, and public data. The company's technology allows information providers to deliver data more efficiently and enhance its value for customers. DataMarket operates as a white-label Software-as-a-Service (SaaS) solution, licensed to enterprises and data publishers, granting seamless access to an expanding collection of facts and figures from leading global data providers. Individuals can create free accounts on the platform to search and visualize public domain data, upload their own datasets, purchase premium content, and share insights.

InfoMentor is a prominent provider of cloud-based teaching and learning solutions aimed at helping students reach their full potential. The company develops a comprehensive platform that integrates curriculum planning, pupil assessment, progress analysis, and parental engagement. By bringing together key stakeholders—students, teachers, and parents—InfoMentor fosters an environment conducive to learning. Its software is designed to adapt to the specific needs of schools, allowing educators to focus more on teaching and less on administrative tasks, ultimately enhancing the educational experience and outcomes for children.

MainManager is a developer of computer-aided facility management software based in Reykjavík, Iceland, founded in 1994. The company specializes in solutions that facilitate the operation and maintenance of properties, providing tools for property and facility management. Its software suite includes City Direct, which focuses on the improvement and maintenance of public infrastructure; Energy Management, which monitors energy efficiency and consumption; Maintenance & Operations, which manages properties; Project Management, which evaluates and compares various project aspects; and Property Management, which offers a comprehensive overview of property portfolios. MainManager's software enables customers to maintain and manage their properties effectively while keeping track of energy usage and expenditures, all while providing seamless access to essential documents and data linked to specific properties. As of December 2020, MainManager operates as a subsidiary of View Software AS.

AGR Dynamics is a company that specializes in supply chain management software, offering a comprehensive solution known as AGR. This software features tools for exception management, inventory optimization, and sales management, designed to enhance the efficiency and profitability of supply chain operations. Founded in 1997, AGR Dynamics has built a strong presence with a team of 43 employees across Iceland, the UK, and Denmark, providing consulting, implementation, and maintenance services to a diverse clientele, including prominent wholesale and retail businesses. The company has extensive experience, having supported over 30 international customers, and is recognized as a Microsoft Certified Partner, demonstrating expertise in business solutions. AGR Dynamics is particularly noted for its proficiency in implementing Microsoft Dynamics NAV and LS Retail, contributing to some of the largest deployments of these systems globally. Through continuous innovation and improved customer communication, AGR Dynamics aims to strengthen business operations for its clients.

Trackwell Ltd, established in 1996 in Iceland, specializes in developing wireless communication solutions and is recognized for its expertise in mission-critical systems for telecom operators and government agencies. The company offers Mobile Resource Management (MRM) solutions as a software as a service (SaaS), equipping enterprises with tools to effectively manage their resources, including employees, vehicles, vessels, and other mobile assets. Trackwell's comprehensive suite of software includes fleet tracking, field workforce management, and specialized systems for fishing companies, enabling clients to gain real-time visibility into their operations. With hundreds of companies utilizing Trackwell MRM systems to oversee thousands of employees and a significant number of vehicles across various domains, the company has established itself as a leading provider in the resource management sector.