Best Food and Agriculture Companies in Iceland
The 42 best Food and Agriculture companies in Iceland in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: LAXEY.
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Our analysis of 653 Food and Agriculture companies
$71.7b in tracked funding; 82% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Food and Agriculture companies in Iceland
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | LAXEY Sustainable land-based aquaculture company focused on Atlantic salmon production | $94M | 15 mo ago | Series D | Daoi Palsson CEO | 2023 | WordPressApple iCloud MailMicrosoft 365+15 | — | — |
| 2 | Icelandic Glacial Brand of sparkling water | $66M | 35 mo ago | Series B | Kristjan Olafsson Co-Founder | 2004 | Shogun Page BuilderCart FunctionalityShopify+27 | — | — |
| 3 | EYLAND SPIRITS Brand of gin | $2M | 39 mo ago | Seed | — | 2017 | WordPress Block EditorWordPressShopify+16 | — | — |
| 4 | Bone & Marrow Brand of healthcare & nutrition products | $23K | 110 mo ago | Seed | Jon Orvar Geirsson Jonsson Co-Founder & CEO | 2017 | — | — | — |
| 5 | Jungle Bar Insect based protein bars | $23K | 135 mo ago | Seed | Stefan Atli Thoroddsen Co-Founder & CEO | 2014 | — | — | — |
| 6 | Þoran Distillery Producer of Icelandic gin | $23K | 158 mo ago | Seed | — | 2013 | — | — | — |
| 7 | Marel Manufacturer of meat processing equipment | — | 41 mo ago | Acquired | Arni Sigurdsson Chief Executive Officer | 1996 | UmbracoMicrosoft ASP.NETAzure Front Door+14 | 207 patents Meat processing equipment for cutting, turning, transporting, and fat grading | — |
| 8 | Arnarlax Sustainable Icelandic salmon aquaculture, prioritizing fish health and environmental responsibility | — | 69 mo ago | Public | Matthias Garoarsson Founder | 2009 | WordPressApple iCloud MailMicrosoft 365+17 | — | — |
Top 12 Food and Agriculture companies in Iceland
#1
Series D · Vestmannaeyjar, Vestmannaeyjar · founded 2023$94.2Mraised▾
Sustainable land-based aquaculture company focused on Atlantic salmon production. The company develops land-based fish farming in Iceland, emphasizing sustainable Atlantic salmon production. With a fully equipped RAS hatchery and on-growing facility utilizing partial water reuse, the company prioritizes sustainability and fish welfare. They use clean energy and stable seawater from boreholes, enhancing biosecurity and ensuring high-quality, antibiotic-free production. The company is committed to responsible, efficient, and sustainable land-based aquaculture. This includes hatchery, fish farming, and seafood production. The business model focuses on sustainable practices, renewable resources, and high biosecurity standards. The company aims to deliver premium quality salmon through innovative and environmentally conscious methods.
#2
Series B · Selfoss, Southern Region · founded 2004 · 38 employees$66Mraised▾
Brand of sparkling water
#3
Seed · Reykjavik, Capital Region · founded 2017 · 4 employees$2.3Mraised▾
Operator of a distillery intended to produce Icelandic spirits. The company's product is created with Icelandic water which has a higher ph value, providing customers with the freshness of Iceland's fragrant herbs in a smooth drinking experience.
#4
Seed · Reykjavik, Capital Region · founded 2017$23Kraised▾
Operator of a food company intended to produce healthy non-toxic products. The company offers a range of products such as lamb, chicken bone broth, and clear butter made from bone marrow fats and various other cartilage and joints to provide collagen proteins, providing consumers with the nutrition necessary for the human body.
#5
Seed · Reykjavik, Capital Region · founded 2014$23Kraised▾
Insect based protein bars
#6
Seed · Reykjavík, Gullbringusysla · founded 2013$23Kraised▾
Producer of gin intended to offer single malt whiskey. The company's gin is made with wild botanicals, naturally filtered glacial water, and organic barley and distilled using geothermal energy, enabling users to enjoy the taste of fresh gin.
#7
Acquired · Reykjavik, Capital Region · founded 1996 · 8018 employees—raised▾
Manufacturer of meat processing equipment
#8
Public · Westfjords Region · founded 2009 · 191 employees—raised▾
Sustainable Icelandic salmon aquaculture, prioritizing fish health and environmental responsibility. The company utilizes sustainable, natural methods of aquaculture to produce high-quality salmon in the pristine waters of Iceland. They honor the sea by working with nature, not against it, ensuring ethical eating through traceable and responsible farming practices. The focus is on producing a healthy protein rich in Omega-3, minerals, and vitamins, good for both consumers and the planet. Resilience, dedication, and excellence drive every aspect of their operations, from fish welfare to minimizing environmental impact. They are committed to working alongside nature to create an excellent source of nutrition with exceptional flavor, for generations to come.
#9
Seed · Hafnarfjordur, Capital Region · founded 2014—raised▾
Snacks processing company
#10
Acquired · Reykjavik, Capital Region · founded 1920—raised▾
Brand of chocolates
#11
Funding Raised · Reykjavik, Capital Region · founded 1934—raised▾
Manufacturer of fishing gear, mooring, and lifting equipment. It produces high-quality fishing gear for trawlers and purse seiners. The company also manufactures high-quality mooring equipment using synthetic materials. Additionally, it offers equipment for lifting operations, including heavy-duty applications. Other product lines include equipment for tugging, yachting, offshore seismic work, and off-road applications. The company also provides solutions for aquaculture and oil processing.
#12
Funding Raised · Kopavogur, Capital Region · founded 2014—raised▾
Wholesale supplier of sustainably sourced marine calcium from Iceland, offering natural calcium compounds produced from calcified algae and quahog clams
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Food and Agriculture coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Agritech is moving in Iceland
A read on the academic research around Agritech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 0 Iceland-affiliated papers.
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Common questions
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.