202 Top startups in Iceland for January 2025

We rank Activity Stream, Bokun and Dohop in Iceland along with 199 other startups based on an algorithm that scores startups based on total investment, employee count, and quarterly website traffic. Iceland ranks #33 globally and #17 in Western Europe.

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Best Startups in Iceland for 2025

SB Score:460

Activity Stream transforms underutilized business data into real-time insights, improving organizational efficiency. By monitoring actions across systems, it provides a complete view of relevant activities, allowing for proactive decision-making. This Operational Intelligence Layer integrates seamlessly with existing IT infrastructure, offering a clear picture of opportunities and threats.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Reykjavik)

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Regional Rank (Western Europe)

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SB Score:441

Bokun offers travel businesses a user-friendly management software for booking and reselling services. Streamline your operations and increase efficiency with Bokun's innovative platform.

Industry:
Social & Leisure
Subindustry:
Travel

City Rank (Reykjavik)

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Regional Rank (Western Europe)

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SB Score:440

Dohop provides innovative interline technology solutions for airlines, alliances, and airports worldwide. Streamlining operations and enhancing connectivity, Dohop is the go-to choice for forward-looking aviation industry players.

Industry:
Social & Leisure
Subindustry:
Travel

City Rank (Reykjavik)

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SB Score:437

This startup aims to create a transparent marketplace for blockchain data, ensuring its accuracy and scalability while prioritizing privacy and censorship resistance. By leveraging aligned token incentives and an open-source protocol for RPC nodes and APIs, it empowers users to access reliable blockchain data effortlessly.

Industry:
Ecommerce & Retail
Subindustry:
Marketplaces

City Rank (Reykjavik)

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Regional Rank (Western Europe)

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5th

GRID
SB Score:422

GRID enables Excel users to effortlessly transform their spreadsheets into interactive web applications, no additional skills required. Easily create modern digital solutions without the need to learn new tools.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Reykjavik)

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SB Score:420

Quest Portal enables users to collaboratively craft and immerse themselves in fantastical stories. By creating unique characters, participants engage in rich role-playing experiences, bringing their imaginative tales to life within an interactive community.

Industry:
Social & Leisure
Subindustry:
Gaming

City Rank (Reykjavik)

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SB Score:407

Oculis is a cutting-edge pharmaceutical company specializing in developing eye medications and innovative drug delivery methods. Their focus is on advancing ophthalmic drugs to improve vision health.

Industry:
Healthtech
Subindustry:
Biotechnology

City Rank (Reykjavik)

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SB Score:398

Sidekick is a versatile digital care platform for patients with chronic illnesses. It puts patients at the center, offering scalable support and tools for managing their health.

Industry:
Healthtech
Subindustry:
Health Care

City Rank (Reykjavik)

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9th

Hopp
SB Score:397

Hopp offers a SaaS solution and e-scooter sharing franchise for local entrepreneurs, providing a convenient and eco-friendly micro mobility option. Join Hopp to start your own e-scooter sharing business and be part of the future of urban transportation.

Industry:
Software & Data
Subindustry:
SaaS

City Rank (Reykjavik)

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Regional Rank (Western Europe)

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SB Score:384

A renewable energy startup dedicated to building emission-free cities. Our goal is to create sustainable urban environments powered entirely by renewable energy sources.

Industry:
Energy & Environment
Subindustry:
Energy

City Rank (Reykjavik)

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Regional Rank (Western Europe)

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SB Score:384

Solid Cloud Games ehf. creates innovative gaming solutions that work seamlessly across different devices. Their cross-platform games provide an engaging and immersive experience for gamers of all ages.

Industry:
Social & Leisure
Subindustry:
Entertainment

City Rank (Reykjavik)

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Regional Rank (Western Europe)

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Total amount:202

Top 24 Healthtech Startups in Iceland for 2025

The top three Healthtech startups in Iceland have raised more than USD 210M. Iceland ranks among the top 10 locations in the world for startups in Healthtech, holding the 6th position.
SB Score:407

Oculis is a cutting-edge pharmaceutical company specializing in developing eye medications and innovative drug delivery methods. Their focus is on advancing ophthalmic drugs to improve vision health.

Industry:
Healthtech
Subindustry:
Biotechnology

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

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SB Score:398

Sidekick is a versatile digital care platform for patients with chronic illnesses. It puts patients at the center, offering scalable support and tools for managing their health.

Industry:
Healthtech
Subindustry:
Health Care

City Rank (Reykjavik)

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Regional Rank (Western Europe)

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SB Score:369

Nox Medical, part of Nox Health, is a leading provider of sleep health technology worldwide. Their innovative products help improve sleep quality and overall well-being.

Industry:
Healthtech
Subindustry:
Health Care

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

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Total amount:24

Top 68 Software & Data Startups in Iceland for 2025

The top three Software & Data startups in Iceland have raised more than USD 53.8M. Iceland ranks #38 globally for the Software & Data industry.
SB Score:460

Activity Stream transforms underutilized business data into real-time insights, improving organizational efficiency. By monitoring actions across systems, it provides a complete view of relevant activities, allowing for proactive decision-making. This Operational Intelligence Layer integrates seamlessly with existing IT infrastructure, offering a clear picture of opportunities and threats.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Reykjavik)

0

View

Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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2nd

GRID
SB Score:422

GRID enables Excel users to effortlessly transform their spreadsheets into interactive web applications, no additional skills required. Easily create modern digital solutions without the need to learn new tools.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Reykjavik)

0

View

Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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3rd

Hopp
SB Score:397

Hopp offers a SaaS solution and e-scooter sharing franchise for local entrepreneurs, providing a convenient and eco-friendly micro mobility option. Join Hopp to start your own e-scooter sharing business and be part of the future of urban transportation.

Industry:
Software & Data
Subindustry:
SaaS

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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Total amount:68

Top 25 Social & Leisure Startups in Iceland for 2025

The top three Social & Leisure startups in Iceland have raised more than USD 35.4M. Iceland ranks #29 globally for the Social & Leisure industry.
SB Score:441

Bokun offers travel businesses a user-friendly management software for booking and reselling services. Streamline your operations and increase efficiency with Bokun's innovative platform.

Industry:
Social & Leisure
Subindustry:
Travel

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:440

Dohop provides innovative interline technology solutions for airlines, alliances, and airports worldwide. Streamlining operations and enhancing connectivity, Dohop is the go-to choice for forward-looking aviation industry players.

Industry:
Social & Leisure
Subindustry:
Travel

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:420

Quest Portal enables users to collaboratively craft and immerse themselves in fantastical stories. By creating unique characters, participants engage in rich role-playing experiences, bringing their imaginative tales to life within an interactive community.

Industry:
Social & Leisure
Subindustry:
Gaming

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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Total amount:25

Most Funded Startups in Iceland for 2025

The top three most funded startups in Iceland have raised total funding of more than USD 330M. Arctic Green Energy has 0.60% more funding than Oculis.
SB Score:384

A renewable energy startup dedicated to building emission-free cities. Our goal is to create sustainable urban environments powered entirely by renewable energy sources.

Industry:
Energy & Environment
Subindustry:
Energy

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:407

Oculis is a cutting-edge pharmaceutical company specializing in developing eye medications and innovative drug delivery methods. Their focus is on advancing ophthalmic drugs to improve vision health.

Industry:
Healthtech
Subindustry:
Biotechnology

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:398

Sidekick is a versatile digital care platform for patients with chronic illnesses. It puts patients at the center, offering scalable support and tools for managing their health.

Industry:
Healthtech
Subindustry:
Health Care

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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Total amount:202

Top Hiring Startups in Iceland by Employee Number

The top three hiring startups in Iceland have an median employee size that is between [251-500]
SB Score:335

Iceland Dairies, a cooperative dairy manufacturer, produces high-quality dairy products. With a focus on sustainability, they offer a variety of delicious options for consumers.

Industry:
Foodtech
Subindustry:
Food and Beverage

City Rank (Reykjavik)

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Regional Rank (Western Europe)

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SB Score:322

Sæplast creates innovative double insulated plastic containers for the food and recycling sectors worldwide. Their products provide a sustainable solution for preserving and transporting goods, ensuring quality and reducing environmental impact.

Industry:
Hardware & IoT
Subindustry:
Manufacturing

City Rank (Dalvik)

0

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Regional Rank (Western Europe)

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Global Rank (WorldWide)

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SB Score:270

Marorka offers cutting-edge energy management technology for ships, helping the maritime industry optimize fuel efficiency and reduce emissions. Their solutions are revolutionizing how vessels consume energy, leading to cost savings and environmental benefits.

Industry:
Energy & Environment
Subindustry:
Energy

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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SB Score:398

Sidekick is a versatile digital care platform for patients with chronic illnesses. It puts patients at the center, offering scalable support and tools for managing their health.

Industry:
Healthtech
Subindustry:
Health Care

City Rank (Reykjavik)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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Total amount:202

Explore the Startup Ecosystem of Iceland

Population

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0.4 Million

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Regional Rank

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17th

1

Global Rank

(WorldWide)

33rd

1

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Top Cities for Startups in Iceland - Ranked by StartupBlink
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