Frumtak Ventures
Overview
Frumtak Ventures is an early-stage venture capital firm that engages with founders at the very beginning of their development process, often before a prototype or polished pitch deck exists.
Classification
- Headquarters
- Reykjavik, Iceland
- Geographic focus
- Iceland / Nordic
- Stage
- pre-seed
- Current fund
- 4th fund
- Portfolio
- 1 companies
Fund details
- Fund size
- $87 M
- Check size
- €1 M–€3 M
- Vintage
- 2024
- Founded
- 2008
Signals graph-derived
Thesis & focus
hands-on guidance, recruiting, legal, BD intros
Valka, Main Manager, Trackwell, AGR; DataMarket (acquired by Orbital Insight)
Post-seed / early-stage (seed-to-Series A) tech startups with global ambition; AI, deep-tech, health-tech, ocean/energy, logistics, climate, gender-equality
The firm emphasizes getting to know founders early and directly, stating there is no need for a perfect pitch deck or prototype for the first meeting. They encourage direct email outreach and describe their early engagement phase as being 'like dating' where they meet a few times.
Investment thesis
Frumtak Ventures engages founders at the earliest stages of development, prioritizing early relationship building over polished materials. They view the initial phase as a 'dating' process, requiring multiple meetings to establish rapport before committing.
Partners 4
Portfolio companies
No portfolio companies linked yet.
Co-investors
Loading co-investment network…
No co-invest data available.
Source: vc_export
Website preview visit ↗
