Crowberry Capital is a Nordic seed and early-stage venture capital firm based in Reykjavík, with offices in Copenhagen and Stockholm. Founded in 2017 by Hekla Arnardóttir, Helga Valfells, and Jenny Ruth Hrafnsdóttir, the firm invests in technology startups across the Nordics.
Deal activity decreased year-over-year (1 deal in the last 12 months vs 3 prior). Their most common stage is seed (53% of deals). Average disclosed round size is $8.0M (across 23 rounds with reported amounts).
Portfolio
25
Fund Size
$90M
Top Stage
Seed
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
32 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Dreamdata | Series B | $55M | Oct 2025 |
 Augmented Hearing | Seed | — | May 2025 |
 Quanscient | Seed | — | Nov 2024 |
 Porcelain Fortress | Seed | $3M | Sep 2024 |
 Tiimo | Seed | $1.6M | Aug 2024 |
 Prescriby | Seed | $2.1M | Apr 2024 |
 Saidot | Seed | — | Oct 2023 |
| EEllie | Seed | — | Sep 2023 |
 Ellie.ai | Seed | — | Aug 2023 |
| Tiimo | Seed | — | Sep 2022 |
 Lucinity | Series B | $17M | Jul 2022 |
 Monerium | Seed | $4M | Jan 2021 |
 The Mainframe | Series A | $8.1M | Mar 2020 |
 Katla | Pre-Seed | $1.3M | Jan 2020 |
| MMainframe Industries | Series A | $20.3M | Jan 2020 |
 GreenBytes | Pre-Seed | $1M | Sep 2010 |
 SCALEUP FINANCE | Unknown | $8M | — |
 1939 Games | Unknown | $5.3M | — |
 Rocky Road | Seed | $2.5M | — |
 SNERPA Power | Seed | — | — |
 Social First Games | Seed | $4.2M | — |
| Social First Games | Pre-Seed | $2.5M | — |
 Travelade | Unknown | $1.6M | — |
 Fractal 5 | Seed | $3M | — |
 Kicker | Pre-Seed | — | — |
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Top Co-Investors
Sisu Game Ventures5 shared
Maki.vc4 shared
Riot Games3 shared
Lightspeed Venture Partners3 shared
Seedcamp3 shared
Angel Invest3 shared
InReach Ventures3 shared
Skaala3 shared
byFounders2 shared
Karma Ventures2 shared
Goodwater Capital2 shared
Awesome People Ventures2 shared
Divergent Capital2 shared
Newion2 shared
Business Finland2 shared
Vendep Capital2 shared
Andreessen Horowitz2 shared
PSV2 shared
Plaza Ventures1 shared
Last updated: 7 October 2026