Frumtak Ventures

Summary

In 2008 was created Frumtak Ventures, which is appeared as VC. The venture was found in Europe in Iceland. The main office of represented VC is situated in the Reykjavu00edk.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the Frumtak Ventures, startups are often financed by Technology Development Fund, Velocity Capital Private Equity. The meaningful sponsors for the fund in investment in the same round are New Business Venture Fund, Velocity Capital Private Equity, Kju00f6lfesta. In the next rounds fund is usually obtained by EASME - EU Executive Agency for SMEs, Technology Development Fund, Velocity Capital Private Equity.

The fund has specific favorite in a number of founders of portfolio startups. When startup sums 1 or 5+ of the founder, the probability for it to get the investment is little. Among the most popular portfolio startups of the fund, we may highlight Controlant, Activity Stream, Kaptio. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Iceland. We can highlight the next thriving fund investment areas, such as Retail, Machine Learning. Besides, a startup needs to be aged 4-5 years to get the investment from the fund.

The current fund was established by Eggert Claessen, Svana Gunnarsdottir.

The usual things for fund are deals in the range of 1 - 5 millions dollars. The important activity for fund was in 2016. Considering the real fund results, this VC is 48 percentage points more often commits exit comparing to other organizations. The fund is constantly included in less than 2 deals per year. Comparing to the other companies, this Frumtak Ventures performs on 24 percentage points less the average number of lead investments.