The Porcupine Abyssal Plain in the north-eastern Atlantic Ocean is subject to periodical deposition of phytodetritus and has a highly diverse benthic fauna dependent on this source of organic matter. Among the most abundant species from the northern study site of the Institute of Oceanographic Sciences Deacon Laboratory (IOSDL) at ~48°50′N 16°30′W, 4850 m, is Iosactis vagabunda gen. nov., sp. nov. (Cnidaria: Actiniaria, Iosactiidae fam. nov.), a small endomyarian sea anemone. The fact that this species is a burrower, with a smooth, unspecialized column, and a rounded aboral end provided with a central pit, makes it stand out from the other families of endomyarian anemones and prompted the establishment of the new family Iosactiidae. There is evidence that the closest relatives of the new family are the ‘deep water actiniids’ (e.g. Bolocera, Liponema, Leipsiceras), and the Andresiidae. Long-term in situ time-lapse photographs indicate a unique behaviour of this anemone in that it moves out of its hole at times, presumably exhibiting a hemisessile lifestyle in this peculiar abyssal habitat.