Frumtak has two venture funds, Frumtak 1 and Frumtak 2, which invest in early stage innovative companies that show great potential for growth. Frumtak 2 invests primarily in Iceland but can invest abroad to ensure success in foreign markets. The fund does not specialize in any particular industry but invests in companies that show great growth potential in specific sectors. Frumtak Ventures aims to be a trusted and popular ally by cooperating with stakeholders within and outside Iceland to increase the probability of creating growth and value.