Radar · Business Services in Iceland
Best Business Services Companies in Iceland
The 33 best Business Services companies in Iceland in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Varist.
By Rohit KhannaTrends & Stories
33companies tracked
$34.7Mdisclosed funding
0unicorns
1have raised
Ranked: Best Business Services companies in Iceland
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Varist Provider of IT security services | $23M | 246 mo ago | Series A | Bimbi Finnbogi Finnbogason Co-Founder | 2023 | ZohoReactReact Router+8 | — |
| 2 | ChiselStrike Offers web development services | $7M | 51 mo ago | Seed | — | 2021 | — | — |
| 3 | EMPOWER Provider of advisory services | $2M | 53 mo ago | Seed | Thorey Vilhjalmsdottir Proppe Co-Founder | 2020 | — | — |
| 4 | EMPOWER Provider of strategy consulting services | $2M | 53 mo ago | Seed | — | — | — | — |
| 5 | Íslensk Gervigreind Provider of AI and software development services | $23K | 89 mo ago | Seed | J P Fortune Founder & CEO | 2018 | — | — |
| 6 | Lava Show Provider of immersive experience that allows visitors to observe real flowing lava in a safe environment | $23K | 124 mo ago | Seed | Ragnhildur Agustsdottir Co-Founder | 2010 | Framer SitesReactstyled-components+14 | — |
| 7 | Keystrike Provider of cyber security services | — | 18 mo ago | Series A | Arni Petursson COO & Co-founder | 2023 | Google Font APISendgridGoogle Workspace+4 | — |
| 8 | Africa Blockchain Center Provider of blockchain development services | — | 60 mo ago | Seed | Irene Kiwia Founder | 2021 | — | — |
Top 8 Business Services companies in Iceland
#1
Seed · Reykjavik, Capital Region · founded 2021 · 19 employees$7Mraised▾
Seed · Reykjavik, Capital Region · founded 2021 · 19 employees
Offers web development services
LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers — 24.3% of this cohort's audience · 21 engagements/post (1.8× cohort median)
Activity: 1 product launches announced in 12 mo
Investors
Netlify, Essence VC, First Star Ventures, Mango Capital, Blumberg Capital, Norwest
#2
Series A · Reykjavik, Capital Region · founded 2023 · 4 employees$23Mraised▾
Series A · Reykjavik, Capital Region · founded 2023 · 4 employees
Provider of IT security services
Founders & team
Investors
IFIC, Bahrain Middle East Bank, UOB, Safeguard Scientifics, Enspire Capital, Westbury Group
Tech stack
CdnjsCloudflareGoogle AnalyticsMicrosoft 365ReactReact Router
#3
Seed · Reykjavik, Capital Region · founded 2020$2.3Mraised▾
Seed · Reykjavik, Capital Region · founded 2020
Provider of advisory services
Founders & team
Investors
Frumtak Ventures
#4
Seed · Reykjavik, Capital Region$2.3Mraised▾
Seed · Reykjavik, Capital Region
Provider of strategy consulting services
Investors
Frumtak Ventures
#5
Seed · Reykjavik, Capital Region · founded 2018$23Kraised▾
Seed · Reykjavik, Capital Region · founded 2018
Provider of AI and software development services
Founders & team
#6
Seed · Reykjavik, Capital Region · founded 2010$23Kraised▾
Seed · Reykjavik, Capital Region · founded 2010
Lava Show is an immersive experience that allows visitors to observe real flowing lava in a safe environment. The only live lava show in the world, it offers a unique and educational experience that recreates a volcano eruption. The show is held in Iceland, a country known for its volcanic activity, and provides an interactive and engaging experience for visitors.
Funding rounds
- 2016Seed$23K
Founders & team
Investors
Startup Reykjavik
Tech stack
CloudflareCookiebotCore-JsFacebook PixelFramer SitesGoogle Analytics
#7
Series A · Reykjavik, Capital Region · founded 2023—raised▾
Series A · Reykjavik, Capital Region · founded 2023
Provider of cyber security services
Founders & team
Investors
Rannis, Grófin Viðskiptaþróun ehf., InvestCo, Arcus Invest, LiRA Global
#8
Seed · Iceland · founded 2021 · 16 employees—raised▾
Seed · Iceland · founded 2021 · 16 employees
Provider of blockchain development services
Founders & team
Investors
Next Chymia Consulting, Adanian Labs
Funding & investor landscape
$34.7Mtotal disclosed funding
6companies funded
1disclosed rounds
0rounds last 90 days
Most active investors
Notable founders
Bimbi Finnbogi Finnbogason
Co-Founder · Varist
Hallgrimur Halli Bjornsson
Co-Founder & CEO · Varist
Thorey Vilhjalmsdottir Proppe
Co-Founder · EMPOWER
D Thomsen
Co-Founder · EMPOWER
J P Fortune
Founder & CEO · Íslensk Gervigreind
Ragnhildur Agustsdottir
Co-Founder · Lava Show
Julius Jonsson
CEO · Lava Show
Arni Petursson
COO & Co-founder · Keystrike
Arni Arnason
Co-Founder · Keystrike
Irene Kiwia
Founder · Africa Blockchain Center
Common questions
How many Business Services companies are there in Iceland?
Radar tracks 33 indexable Business Services companies headquartered in Iceland that meet our profile-completeness bar.
What is the total funding raised by Business Services companies in Iceland?
The Business Services companies in Iceland on this list have raised a combined $34.7M in disclosed equity funding across 6 funded companies.
Which is the highest-funded Business Services company in Iceland?
Varist is the highest-funded Business Services company in Iceland, with $23M in disclosed equity funding.
How many Business Services companies in Iceland are funded?
6 of the 33 Business Services companies in Iceland on this list have disclosed at least one equity funding round.
How many Business Services unicorns are there in Iceland?
None of the Business Services companies in Iceland on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Iceland Business Services companies?
The most active investors in Iceland Business Services companies on this list include Frumtak Ventures, Startup Reykjavik, ARKA Ventures, Adanian Labs, Arcus Invest.
Rohit KhannaTrends & Stories
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.