Top 52 Reykjavík Startups to Watch in 2026

1. Lucinity

AI Developer APIs Financial Services FinTech Fraud Detection ML Software

Lucinity builds an AI-powered platform that helps banks and financial institutions detect and manage financial crime. Their system uses a "Human AI" approach, blending machine learning with human insights to improve anti-money laundering investigations.

2. Landsbankinn

Banking Customer Service E-Commerce Finance Marketing

Landsbankinn operates as a universal bank in Iceland, offering a wide range of financial products to the public and private sectors. The institution handles everything from personal accounts and mortgages to corporate finance and investment banking services.

3. Smitten

Apps Dating Mobile Apps Social Network

Smitten created a dating app that uses interactive games and fun questions to make connecting with people less awkward. The platform encourages users to engage through shared activities rather than just swiping on profiles.

4. Arctic Therapeutics

Biopharma Biotechnology Genetics Medical Pharmaceutical Therapeutics

Arctic Therapeutics is a drug discovery and development company focused on identifying the genetic causes of major diseases. Their team uses these findings to create novel therapies for genetically-driven conditions.

5. CCP Games

MMO Games Online Games Video Games

CCP Games builds sprawling massively multiplayer online games that host thousands of players in a single universe. They are the creators of the iconic and complex science-fiction world, EVE Online.

6. Controlant

Developer APIs IoT Mobile Software Supply Chain Management

Controlant develops a supply chain visibility platform for companies in highly regulated sectors like pharmaceuticals and food. Their system uses IoT devices and a software platform to provide real-time data on the condition and location of sensitive products during transit.

7. Gagnaveita Reykjavíkur

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Gagnaveita Reykjavíkur builds and operates an open access fiber optic network known as Ljósleiðarinn. This core infrastructure enables other service providers to sell high speed internet and telecommunication services directly to consumers.

8. Nanitor

Cyber Security Real Time SaaS Software

Nanitor builds a cybersecurity platform for Continuous Threat Exposure Management (CTEM). The SaaS tool provides security teams with real-time visibility and control across their IT assets to prioritize and remediate vulnerabilities.

9. Arctic Green Energy

Energy Environmental Consulting Power Grid Renewable Energy

Arctic Green Energy develops renewable energy solutions with a focus on creating zero-emission cities. They specialize in large-scale geothermal projects that provide clean power and heating for urban areas.

10. Handpoint

Credit Cards E-Commerce Financial Services Mobile Mobile Payments PaaS Payments Point of Sale SaaS

Handpoint builds an embedded payments platform that helps SaaS companies integrate payments directly into their products. Their technology unifies in-person, mobile, and e-commerce transactions, giving software businesses a new way to generate revenue.