Karolina
Karolina Fund is an Icelandic crowdfunding marketplace based in Reykjavík that enables individual project creators to launch funding campaigns and connects them with backers to finance creative, entrepreneurial, and community initiatives.
- Company typePrivate
- Founded-
- HeadquartersReykjavík, Iceland
- Headcount51–100
- GTM typeB2C
- OfferingDigital Commerce or Content
What Karolina does
Karolina Fund ehf is a privately held Icelandic company headquartered in Reykjavík that operates a self-serve crowdfunding marketplace connecting project creators with individual backers. The platform enables creators to launch funding campaigns for creative, entrepreneurial, and community initiatives, while allowing backers to discover and pledge funds in exchange for rewards or pre-products. The platform supports multiple campaign lifecycle states — Funding, Executing, Finished, Accepting members, Aftersale, and Marketplace — indicating functionality beyond one-time pledging into ongoing membership and secondary commerce. The platform is a member of the Nordic Crowdfunding industry association and targets the Icelandic domestic market under a horizontal segmentation model.
As of reporting, the platform has facilitated 911 funded projects with a 78% funding success rate, involving 176,732 participants and €5,559,182 in cumulative pledges (lifetime GMV, not company revenue). Karolina Fund operates as a self-serve marketplace accessible via its website, using Facebook, Twitter, Tumblr, and an email newsletter for community engagement and top-of-funnel acquisition. The company is registered as a public limited company under Icelandic law (ehf designation) with registration number 460712-1570. No app, no API, and no disclosed integrations are present.
The business model follows the standard crowdfunding marketplace template — a take-rate on pledge volume — though no pricing, fee structure, or revenue figure is publicly disclosed. The firmographics data lists 72 employees, which appears inconsistent with the platform's observed scale and may include unrelated operations or be a data error. No funding rounds, institutional investors, M&A activity, leadership disclosures, or AI/ML capabilities are present in the available data. Geographic scope is described as Nordic regional, though actual operations are concentrated in Iceland.
Karolina firmographics
Firmographics- Name
- Karolina
- Legal name
- Karolina Fund ehf
- Website
- https://karolina.io
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Karolina Fund is an Icelandic crowdfunding marketplace based in Reykjavík that enables individual project creators to launch funding campaigns and connects them with backers to finance creative, entrepreneurial, and community initiatives.
- Ownership category
- akta.pro rank
Karolina industry classification
Industry- Product category
- Crowdfunding Marketplace
- akta.pro primary industry
- Creator Fundraising & Crowdfunding Platforms (Recurring/Project-Based) (MPACAFAJ)
Keywords
Where Karolina is headquartered
LocationHeadquarters
- HQ city
- Reykjavík
- HQ country
- Iceland
- HQ region
- Europe
Offices1 record
Markets served
Karolina business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Distribution channels1 record
Marketing channels4 records
Karolina product offering
Product offeringCore offering
Karolina Fund operates an online crowdfunding marketplace where project creators can launch campaigns to raise pledges from the public for creative, entrepreneurial, and community initiatives. Backers browse, discover, and financially support projects in exchange for rewards or pre-products, with the platform tracking funding progress, subscriber counts, and campaign deadlines across statuses such as Funding, Executing, Finished, Accepting members, Aftersale, and Marketplace.
Product overview
Karolina Fund is a single-platform crowdfunding marketplace. The core offering is the Karolina Fund platform itself, which allows project creators to launch funding campaigns and backers to discover and pledge to projects. The platform supports multiple campaign statuses including Funding, Executing, Finished, Accepting members, Aftersale, and Marketplace stages.
Differentiator
Problem solved
Functional benefit
Products and services
- Karolina Fund Crowdfunding Marketplace A self-service online crowdfunding marketplace enabling Icelandic project creators to launch funding campaigns for creative, product, artistic, and community initiatives, and allowing individual backers to browse, pledge, and track progress.
- Market Square (Aftersale Marketplace) An aftersale and marketplace section within Karolina Fund where projects can continue to offer products or rewards after their initial funding campaign concludes, enabling backers to purchase items from successfully funded projects.
Quantifiable outcome
- 78% funding success rate across 911 projects
- +1 more outcomes
Companies that use Karolina
Customer profileSegments2 records
Ideal customer profiles2 records
Karolina technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Karolina partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Nordic CrowdfundingminorKarolina Fund is a member of the Nordic Crowdfunding association (nordic-crowdfunding.com), indicated by the displayed logo on their website. This membership suggests participation in a regional industry body for crowdfunding platforms across Nordic countries.
Scale indicators4 records
Recent moves3 records
Expansion highlights3 records
Karolina competitors and assessment
Company assessmentDirect peers
- Patreon: Recurring membership funding platform for creators. Comparable to Karolina Fund's 'Accepting members' and 'Aftersale' campaign states, and shares the model of monetizing ongoing creator–fan relationships rather than one-off pledges.
- Kickstarter: Global reward-based crowdfunding platform and the category-defining player. Directly comparable to Karolina Fund on core mechanics (creators launch campaigns, backers pledge for rewards) and target user (creative and product entrepreneurs), though operating at vastly larger global scale.
- Indiegogo: US-based reward-based crowdfunding platform with flexible funding and a strong technology/product category focus. Closely comparable to Karolina Fund on campaign model, target creator (innovators, hardware startups), and backer experience.
- Republic: US multi-modal crowdfunding platform spanning reward, equity, and revenue-share campaigns. Comparable in offering creators a full lifecycle from funding to ongoing investor/member engagement, mirroring Karolina's multi-stage campaign states.
- Crowdcube: UK equity-crowdfunding platform for growth and earlier-stage companies. Comparable marketplace mechanics and European SMB focus, though the funding instrument (equity) differs from Karolina's reward-based model.
- GoFundMe: Largest donation and personal-cause crowdfunding platform globally. Comparable crowdfunding marketplace mechanics and backer UX, though tilted toward personal, charity, and emergency use cases rather than creative/reward-based projects.
Regional players
- Ulule: France-headquartered European reward-based crowdfunding leader with a strong presence across the EU. Comparable to Karolina Fund on reward-based model, creative/entrepreneur target creators, and pan-European community orientation.
- Startnext: Germany-based reward-based crowdfunding platform serving German-speaking creative and social projects. Comparable on crowdfunding mechanics and European SMB/creator focus, with similar stage-gated campaign lifecycle as Karolina Fund.
- Companisto: Berlin-based equity and silent-participation crowdfunding platform. Comparable European SMB/entrepreneur customer base and Nordic-adjacent DACH market footprint, though it operates a different funding model (equity vs. reward-based).
- FundedByMe: Stockholm-based Nordic crowdfunding platform supporting both equity and reward-based campaigns. Most directly comparable to Karolina Fund on geographic adjacency, Nordic market focus, and the Nordic Crowdfunding association network.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Karolina social profiles
Digital presenceKarolina financial estimates
Financial estimateRevenue estimate
Valuation estimate
Karolina leadership team
Management profileNumber of profiles
Karolina funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Karolina M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Karolina
What does Karolina do?
Karolina Fund operates an online crowdfunding marketplace where project creators can launch campaigns to raise pledges from the public for creative, entrepreneurial, and community initiatives. Backers browse, discover, and financially support projects in exchange for rewards or pre-products, with the platform tracking funding progress, subscriber counts, and campaign deadlines across statuses such as Funding, Executing, Finished, Accepting members, Aftersale, and Marketplace.
Is Karolina a public or private company?
Karolina is a private company. It is classified as unknown and is currently operating.
When was Karolina founded?
Karolina was founded in -1. It employs 51 to 100 people.
Where is Karolina based?
Karolina is headquartered in Reykjavík, Iceland, in the Europe region.
Who are Karolina's main competitors?
Direct peers on record are Patreon, Kickstarter, Indiegogo, Republic, Crowdcube and GoFundMe. Regional players are Ulule, Startnext, Companisto and FundedByMe.
Does Karolina have an API?
No public API is recorded for Karolina.
What industry is Karolina in?
Karolina's product category is Crowdfunding Marketplace. Its primary akta.pro industry code is MPACAFAJ, Creator Fundraising & Crowdfunding Platforms (Recurring/Project-Based).