Frumtak 2

At Frumtak Ventures, we champion founders who have demonstrated early traction and have potential to become global leaders in their space. We take a concentrated, high-conviction, and high-involvement approach to investing and dedicate ourselves to collaboratively work with our portfolio companies from the seed stage through IPO. Our initial ticket size usually ranges from €1 million to €3 million.

Eggert Claessen

Founding Partner

Gunnarsdóttir, Svana

Founding Partner

Ásthildur Otharsdóttir

Partner

Rakel Sigurðardottir

CFO

29 past transactions

Alda

Seed Round in 2022
Empower is a Diversity, Equality and Inclusion solutions provider focused on combining its successful track record in DE&I consulting with technical solutions to support HR and DE&I teams at government and enterprise organizations globally. Empower helps to create organizational change for more inclusive and equal workplaces through high impact methodologies; Dashboard, goals, KPI´s and creative micro learning content.

Sidekick Health

Series B in 2022
Sidekick is a patient-centric digital care platform that is scalable across a wide range of chronic illnesses. Sidekick makes healthcare more impactful, accessible, and efficient by developing and delivering digital health products that empower patients and digitize healthcare. The Sidekick platform combines an evidence-based clinical approach with behavioral economics and gamification. Sidekick's platform approach transforms healthcare experiences, with one platform that integrates multi-chronic condition management and personalized care experiences. Sidekick partners with international pharmaceutical companies, payers and healthcare providers, helping them to put the people they serve first.

Spectaflow

Funding Round in 2022
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

Seed Round in 2021
PLAIO is the only AI-powered planning platform built specifically for the pharma industry, transforming how pharmaceutical companies manage their supply chain and operations. Our platform replaces outdated, spreadsheet-based planning methods with advanced AI, machine learning, and real-time data analytics to optimize demand, manufacturing, and purchasing processes. With seamless integration into existing ERP systems, PLAIO enhances data-driven decision-making, improves forecast accuracy, and streamlines planning workflows. Tailored for small to medium-sized pharma manufacturers and virtual pharma companies, PLAIO enables them to reduce risks, lower costs, and increase efficiency in a highly regulated, competitive environment.

Ankeri Solutions

Seed Round in 2021
Ankeri develops cloud based software solution focusing on ship performance from the perspective of charter parties i.e. contracts. Ankeri is a team with extensive experience from over 25 combined years of marketing, designing and developing software products for the shipping industry. Ankeri was founded on 1st December 2016.

Meniga

Venture Round in 2021
Meniga is a digital banking platform that helps banks, businesses, and individuals manage their financial data. Its product offering includes data aggregation, personal and business finance management, cashback rewards, and transaction-based carbon insights. They are a team of coders, designers, salespeople, and data scientists who get excited about shaping the future of financial technology. They work with complicated solutions that operate across channels, are modular, and customizable for every client. If you love big data, predictive models, analytics, operational benchmarking, and getting the job done they’d like to hear from you.

Sidekick Health

Series A in 2020
Sidekick is a patient-centric digital care platform that is scalable across a wide range of chronic illnesses. Sidekick makes healthcare more impactful, accessible, and efficient by developing and delivering digital health products that empower patients and digitize healthcare. The Sidekick platform combines an evidence-based clinical approach with behavioral economics and gamification. Sidekick's platform approach transforms healthcare experiences, with one platform that integrates multi-chronic condition management and personalized care experiences. Sidekick partners with international pharmaceutical companies, payers and healthcare providers, helping them to put the people they serve first.

Controlant

Series B in 2020
Controlant is a leader in real-time supply chain monitoring and visibility for heavily regulated industries, such as pharmaceuticals & life sciences, and food & beverage sectors. Controlant’s mission is to deliver value across the end-to-end supply chain by dramatically increasing the visibility of product flow and quality while minimizing waste and increasing responsiveness through a completely new category of automated Cold Chain as a Service solution. Using Controlant’s IoT, cloud-enabled advanced analytics, API connectivity, and cost-reducing operational services, customers are achieving an annualized ROI and, in many cases, millions of dollars in savings, reducing material losses, and enhancing reliability of their operations. Controlant is empowering Fortune 500 and world-leading enterprises, as well as their supply chain stakeholders, to achieve greater efficiency by automating their business processes and optimizing communication through technology.

Meniga

Corporate Round in 2020
Meniga is a digital banking platform that helps banks, businesses, and individuals manage their financial data. Its product offering includes data aggregation, personal and business finance management, cashback rewards, and transaction-based carbon insights. They are a team of coders, designers, salespeople, and data scientists who get excited about shaping the future of financial technology. They work with complicated solutions that operate across channels, are modular, and customizable for every client. If you love big data, predictive models, analytics, operational benchmarking, and getting the job done they’d like to hear from you.

Controlant

Venture Round in 2020
Controlant is a leader in real-time supply chain monitoring and visibility for heavily regulated industries, such as pharmaceuticals & life sciences, and food & beverage sectors. Controlant’s mission is to deliver value across the end-to-end supply chain by dramatically increasing the visibility of product flow and quality while minimizing waste and increasing responsiveness through a completely new category of automated Cold Chain as a Service solution. Using Controlant’s IoT, cloud-enabled advanced analytics, API connectivity, and cost-reducing operational services, customers are achieving an annualized ROI and, in many cases, millions of dollars in savings, reducing material losses, and enhancing reliability of their operations. Controlant is empowering Fortune 500 and world-leading enterprises, as well as their supply chain stakeholders, to achieve greater efficiency by automating their business processes and optimizing communication through technology.

Kaptio

Seed Round in 2018
Kaptio develops a travel reservation platform to bring digital transformation to tour operators. They provide reservation technology and incorporate marketing, operations, and finance into one central system for travel operators, along with providing travel-specific consultancy services, technical architecture, delivery, and implementation. They enable travel businesses to customer relationship management processes.

Meniga

Venture Round in 2017
Meniga is a digital banking platform that helps banks, businesses, and individuals manage their financial data. Its product offering includes data aggregation, personal and business finance management, cashback rewards, and transaction-based carbon insights. They are a team of coders, designers, salespeople, and data scientists who get excited about shaping the future of financial technology. They work with complicated solutions that operate across channels, are modular, and customizable for every client. If you love big data, predictive models, analytics, operational benchmarking, and getting the job done they’d like to hear from you.

Sidekick Health

Seed Round in 2017
Sidekick is a patient-centric digital care platform that is scalable across a wide range of chronic illnesses. Sidekick makes healthcare more impactful, accessible, and efficient by developing and delivering digital health products that empower patients and digitize healthcare. The Sidekick platform combines an evidence-based clinical approach with behavioral economics and gamification. Sidekick's platform approach transforms healthcare experiences, with one platform that integrates multi-chronic condition management and personalized care experiences. Sidekick partners with international pharmaceutical companies, payers and healthcare providers, helping them to put the people they serve first.

Valka

Venture Round in 2017
Valka has already gained a proven reputation for producing high-quality products. The company has emphasized on designing high technology hardware and software aimed at enhancing the customer’s productivity, through innovative solutions and with effective teamwork. Representing highly experienced individuals from the technical side of the seafood industry, the Valka team shares the vision and principles of solving the customers mission critical problems promptly and efficiently. Through a rapidly growing international continues to grow its customer’s base and expand its product portfolio. The Valka atmosphere is fostered with innovation and creativity with the founder, Helgi Hjálmarsson, in forefront as the CEO. Valka currently holds 5 patents with more pending. They commit long term to serve their customers, constantly strive to improve their products and continually evolve their offerings to match the needs of the clients.

Meniga

Venture Round in 2016
Meniga is a digital banking platform that helps banks, businesses, and individuals manage their financial data. Its product offering includes data aggregation, personal and business finance management, cashback rewards, and transaction-based carbon insights. They are a team of coders, designers, salespeople, and data scientists who get excited about shaping the future of financial technology. They work with complicated solutions that operate across channels, are modular, and customizable for every client. If you love big data, predictive models, analytics, operational benchmarking, and getting the job done they’d like to hear from you.

Data Dwell

Seed Round in 2016
Data Dwell is a sales enablement program designed especially for Salesforce users. The company's solutions integrate with the most popular platforms and tools in the user's ecosystem. Data Dwell supports organizations by helping to implement a potent sales enablement strategy and by providing guidance, insight, and hands-on improvements whenever possible.

Tulipop

Series A in 2016
The enchanting world of Tulipop, dreamt up by mother of two Signy and brought to market by her best friend Helga, is an original, beautiful and magical children's range unlike any other. Both cuddly and gothic and strongly inspired by forms and colours in nature, the Tulipop world features intriguing characters such as Bubble, a shy and dreamy mushroom boy and Gloomy, an adventurous mushroom girl, who loves surprises and cheeky little pranks - challenging gender stereotypes.

Kaptio

Seed Round in 2016
Kaptio develops a travel reservation platform to bring digital transformation to tour operators. They provide reservation technology and incorporate marketing, operations, and finance into one central system for travel operators, along with providing travel-specific consultancy services, technical architecture, delivery, and implementation. They enable travel businesses to customer relationship management processes.

Activity Stream

Seed Round in 2015
Activity Stream makes your organization better and more efficient by turning underutilized business data into actionable intelligence and insights - in real time. It does so by observing the actions and activity taking place across your organization's business systems to construct a complete, synthesized, picture of everything happening with business relevance. With this complete view and full context Activity Stream can recognize patterns, opportunities and threats as they present themselves. It then provides right-time Intelligence to appropriate stakeholders so that these observations can be proactively dealt with or taken advantage of. Activity Stream is an Operational Intelligence Layer that can be implemented unobtrusively on top of current IT infrastructure, without having to rip-and-replace any of your existing systems.

Watchbox

Seed Round in 2015
Watchbox combines technology and the elements of team-building to unite local and distributed teams. Employees capture all the great things at work or outside of work, with photos and videos. These moments vary from random highlights at work, events, celebrations, and conferences to something interesting in employees’ personal lives outside of work. Posts can be viewed in the app, but are also displayed 24/7 in dedicated Watchbox display units, placed in common areas across the office. Watchbox provides fun Concepts designed to motivate diverse content creation that reinforces positive culture.

Controlant

Funding Round in 2015
Controlant is a leader in real-time supply chain monitoring and visibility for heavily regulated industries, such as pharmaceuticals & life sciences, and food & beverage sectors. Controlant’s mission is to deliver value across the end-to-end supply chain by dramatically increasing the visibility of product flow and quality while minimizing waste and increasing responsiveness through a completely new category of automated Cold Chain as a Service solution. Using Controlant’s IoT, cloud-enabled advanced analytics, API connectivity, and cost-reducing operational services, customers are achieving an annualized ROI and, in many cases, millions of dollars in savings, reducing material losses, and enhancing reliability of their operations. Controlant is empowering Fortune 500 and world-leading enterprises, as well as their supply chain stakeholders, to achieve greater efficiency by automating their business processes and optimizing communication through technology.

Arctic Trucks

Venture Round in 2015
Arctic Trucks was established in Iceland in 1990 and specialises in the re-engineering and conversion of four-wheel drive vehicles for extreme conditions. Over the years, Arctic Trucks have built an unparalleled level of expertise in developing vehicles to deliver handling, safety and reliability improvements both on and off road. Their development engineers have accompanied many of these expeditions so they can understand, first hand, the challenges the vehicles they design will need to conquer. This unique insight and experience means they have been able to tame environments their competitors simply do not account for. Their cars have driven to both poles. They visited the magnetic North Pole with BBC Top Gear, and in the Antarctic a fleet of four and six wheel-drive vehicles are used by scientists to support their work, all under the most extreme conditions their planet has to offer. Arctic Trucks vehicles also set the record for the fastest journey to the South Pole in 2010. However, you don't need to be a polar explorer to own an Arctic Truck, their vehicles are just as at home in the wilds of the countryside or in the city.

Meniga

Series A in 2013
Meniga is a digital banking platform that helps banks, businesses, and individuals manage their financial data. Its product offering includes data aggregation, personal and business finance management, cashback rewards, and transaction-based carbon insights. They are a team of coders, designers, salespeople, and data scientists who get excited about shaping the future of financial technology. They work with complicated solutions that operate across channels, are modular, and customizable for every client. If you love big data, predictive models, analytics, operational benchmarking, and getting the job done they’d like to hear from you.

Cintamani

Venture Round in 2013
Cintamani is icelandic outdoor clothing brand. Their commitment has always been the same — to protect you from the elements of the outdoors. Their products are both technologically advanced and functional as an every day wear. In 1989 the founders of Cintamani started making the first prototypes of clothing aiming to protect Icelanders from the severe Arctic winters. By designing products that are in the highest quality they aim to meet high standards of outdoor enthusiasts.Over the last 25 years Cintamani has grown and is now one of the largest outdoor brands in Iceland. A brand that Icelanders have been quick to embrace and wear with pride. They offer their core users the performance products they need for the outdoors as well as meet the need of Icelanders for everyday wear.

DataMarket

Series A in 2011
DataMarket helps professionals find and understand data. DataMarket brings complex and diverse data together in one place and one format so it can be searched, compared, visualized and shared – across teams, organizations or with the world. DataMarket gives enterprises a comprehensive view of their business environment. With syndicated, proprietary and public data at users’ fingertips, plans and decisions are based upon the best information available. Information companies use our technology to deliver data more efficiently and make it more engaging and valuable to their customers. DataMarket is licensed to enterprises and data publishers as a white-label SaaS solution and includes seamless access to our ever-expanding collection of facts and figures from leading global data providers. Creating an individual account on datamarket.com is free, so anyone can search and visualize public domain data, upload their own, purchase premium content, and share their findings.

InfoMentor

Venture Round in 2010
InfoMentor's primary ambition is for all pupils to reach their full potential. This is achieved by creating the right conditions for learning. InfoMentor is a leading provider of teaching and learning solutions - online and mobile. It brings together in one platform, the most important stakeholders - the pupils, the teacher and the parents.

MainManager

Venture Round in 2010
MainManager software has been facilitating the operation and maintenance of thousands of properties, while at the same time providing customers with a comprehensive and up-to-date overview of their property portfolio. Their software gives you the ability to maintain and manage your properties completely, as well as keep an eye on your energy usage and expenditures. It also allows you to store and access all documents and data and link these directly to the relevant property.

AGR Dynamics

Funding Round in 2009
AGR Dynamics offers a powerful supply chain management software, AGR, equipped with exception management, inventory optimiser, and sales manager. They specialise in consulting, implementation and maintenance of supply chain management solutions and support in logistics through the AGR software. With an effective team of 43 employees in Iceland, the UK, and Denmark, AGR Dynamics is constantly acquiring new knowledge in these fields, as well as strengthening their communication with customers to improve business operations. Through their larger team, they have expanded their service offerings to current and future customers and foster innovation. Founded in 1997, the company has provided services to many of the powerful wholesale and retail companies in the country through specialised supply chain management software, AGR. Their staff has extensive experience in consulting and offering service to over 30 customers abroad through their offices in the UK and Denmark. AGR Dynamics is a Microsoft Certified Partner with expertise in business solutions. Their staff has impressive experience in the implementation of Microsoft Dynamics NAV (formerly Navision) and LS Retail, as they have been involved in some of the largest implementations of these systems that have been done in the world.

Trackwell

Seed Round in 2009
Trackwell Ltd is an Icelandic company established in 1996, developing solutions for wireless communication networks. Trackwell has a proven track record in developing mission-critical systems for telecom operators, governmental institutions and other organisations. An innovative team of professionals with vast experience has established the company as a leading provider of Mobile Resource Management (MRM) solutions delivered as software as a service (SaaS) for enterprises. Trackwell MRM provides companies with tools to manage their resources: employees, vehicles, vessels and other mobile assets including functionality like time-, task-, and fleet management. Hundreds of companies manage thousands of employees and over ten thousand land, sea and air-borne vehicles via the Trackwell MRM systems, every day. The Trackwell Mobile Resource Management offer state of the art services to manage their fleet and workforce.
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