Ásthildur Otharsdóttir brings unusually deep hands-on experience with acquisitions and capital-raising from her decade leading global business development at Össur, where she ran international M&A and funding, compared with many VCs who come primarily from finance or founder roles. She served as chair of Marel, one of Iceland's largest industrial tech companies, for seven years—an uncommon level of listed-company governance experience among VCs that signals strong boardroom credibility with scaling companies.
About their Fund
Sectors
SaaS, Logistics, Health, AI, Fintech
Rounds
Seed - Series B+
Avg Check Size
€1M - €3M
Notable Investments
Frumtak Ventures is one of Iceland's most established VC funds, operating through four consecutive funds while focusing exclusively on Icelandic and Nordic founders with global potential rather than running a broad international strategy. The firm has become Iceland's go-to lead investor for life sciences and complex industrial tech, using a concentrated approach with large initial investments (€1–3M) and close involvement from seed through IPO.
Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
+
12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
+
2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
+
4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
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+
7
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
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Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
+
2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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