In recent years, Iceland has reinforced its status as a digitally advanced and innovation-focused economy. With a population of under 400,000, the nation merges top-tier digital infrastructure, a highly educated workforce, and robust public backing for research and development to cultivate a thriving technology ecosystem.
The OECD’s 2025 Economic Survey highlights that Iceland holds a high labor participation rate, solid productivity, and progressive innovation policies. These elements have bolstered the expansion of its digital and knowledge-driven industries, even during global economic instability.
Iceland ranks 6th worldwide in broadband speed as of 2025, and the European Innovation Scoreboard identifies it as a “Strong Innovator,” excelling in digital skills, R&D collaboration, and venture capital access, further bolstered by its 100% renewable energy utilization.
Iceland’s limited domestic market has prompted its startups to adopt a global perspective early on, aided by strong connectivity, multilingual talent, and access to EU research and funding programs like Horizon Europe.
As Europe focuses on digital sovereignty and deep-tech innovation, Iceland is poised to play a significant role with its skilled workforce, durable infrastructure, and effective public-private innovation frameworks.
These Icelandic tech companies are noteworthy in 2025.
GeoSalmo
Amount raised in 2024: €13.4M
GeoSalmo specializes in onshore salmon farming, using hybrid flow-through technology and Iceland’s geothermal and freshwater resources to produce top-quality, sustainable salmon.
GeoSalmo is recognized as an innovative, eco-friendly disruptor in aquaculture, merging cutting-edge engineering, renewable energy, and sustainable farming to transform land-based salmon production in Iceland.
In 2024, the company raised €13.4 million for its land-based salmon farming project in Iceland.
Activity Stream
Amount raised in 2024: $13.5M
Activity Stream revolutionizes how live entertainment venues engage with audiences.
The platform integrates ticketing, marketing, and e-commerce data for theatres, concert halls, and sports arenas into one unified system. By utilizing real-time analytics and AI-powered tools, Activity Stream helps venues personalize communication, predict audience behavior, and drive ticket sales more effectively.
With seamless integrations and a growing client base worldwide, it aids cultural and entertainment organizations in converting data into enhanced engagement and informed decision-making.
In 2024, Activity Stream secured $13.5 million to expand its influence across the US, Europe, and the UK.
