Startup Reykjavík

Also known as Startup Reykjavik

Accelerator Reykjavík, Iceland Run by Arion Bank; KLAK – Icelandic Startups Since 2012 inactive

Pre-seed

Investment$20Kfor 6% equity

Credits and perksNone statedMaximum across tiers

Program length10 weeks1 cohort a year

Companies supported—

Overview

Ten-week accelerator in Reykjavík started in 2012 by Arion Bank and Icelandic Startups (then Klak Innovit), modeled on Y Combinator and Techstars. Each year it took about ten teams, mentored them and closed with a demo day. Arion Bank withdrew its support around 2019 and the program ended; KLAK now runs other accelerators such as Startup SuperNova.

What startups get

Historically about ISK 2–2.4M (roughly US$16–20K) in seed funding from an Arion Bank subsidiary for 6% equity, plus workspace, mentoring and a demo day.

Details

Type: Accelerator
Run by: Arion Bank; KLAK – Icelandic Startups
Headquarters: Reykjavík, Iceland
Format: Cohort-based, in person
Standard terms: $20K for 6%
Stages: Pre-seed
Started: 2012
Status: Inactive (closed, merged, or paused)

Notable alumni

Activity Stream
Kaptio
Florealis
Wasabi Iceland
Data Drive

About this data

Compiled from the program’s website, announcements, and press reports as of October 9, 2026. Terms, credits, and eligibility change between cohorts; confirm them with the program before applying. Alumni are examples, not a complete list.