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Crowberry Capital

Investor type Venture Capital
Founders Hekla Arnardottir Helga Valfells Jenny Ruth Hrafnsdottir


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 27
Average round size
The average size of a deal this fund participated in
Portfolio companies 17
Rounds per year 5.40
Lead investments 10
Follow on index
How often the fund supports its portfolio startups at next rounds
Key employees 4
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Gaming
  • Health Care
  • Mobile
  • Online Games

Crowberry Capital appeared to be the VC, which was created in 2017. The company was established in Europe in Iceland. The main office of represented VC is situated in the Reykjavu00edk.

The current fund was established by Hekla Arnardottir, Helga Valfells, Jenny Ruth Hrafnsdottir.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Crowberry Capital, startups are often financed by Technology Development Fund, Vinnova, Hampus Jakobsson. The meaningful sponsors for the fund in investment in the same round are Sisu Game Ventures, Inventure, Tencent Holdings. In the next rounds fund is usually obtained by Vinnova, Norrsken Foundation, Noaber.

Among the most successful fund investment fields, there are Gaming, Education. For fund there is a match between the location of its establishment and the land of its numerous investments - Iceland. Among the most popular portfolio startups of the fund, we may highlight Kara Connect. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund.

The fund is generally included in 2-6 deals every year. The usual things for fund are deals in the range of 1 - 5 millions dollars. Speaking about the real fund results, this VC is 47 percentage points more often commits exit comparing to other organizations. The important activity for fund was in 2018.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Crowberry Capital:
Typical Co-investors
Crowberry Capital is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Crowberry Capital:
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Funds with similar focus

Funds from Iceland
Funds with similar focus located in Iceland:
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Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


Artificial Intelligence
$17M07 Jul 2022 Iceland, Iceland


Information Technology
$400K18 May 2022 -


Information Technology
IT Infrastructure
$16M01 Mar 2022 Berlin, Berlin, Germany

Rocky Road

$2M27 Jan 2022 Reykjavík, Gullbringusysla, Iceland


Health Care
Life Science
$4M05 Nov 2021 Stockholm, Stockholm County, Sweden

1939 Games

Online Games
Video Games
$5M29 Sep 2021 Iceland, Iceland


$590K27 Sep 2021 Copenhagen, Hovedstaden, Denmark

Fractal 5

Social Media
Social Network
$3M16 Mar 2021 Iceland, Iceland


$1M15 Dec 2020 United States, New York


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