Brunnur Ventures

Brunnur Ventures is a prominent venture capital firm based in Reykjavík, Iceland, specializing in early-stage investments. The firm manages two active funds, Brunnur I and Brunnur II, with assets totaling approximately $110 million. Brunnur I, launched in 2015 with $40 million, has invested in companies such as Oculis, DT Equipment, Grid, Laki Power, Nanitor, IMS, and Avo Software. Brunnur II, launched in 2021 with $65 million, aims to invest in up to 20 companies, with initial investments ranging from $1 to $3 million, and additional capital allocated for follow-on investments. The fund's Limited Partners include ten of Iceland’s leading pension funds and Landsbanki. The firm's investment strategy emphasizes innovation, growth, and scalable business models, targeting sectors like software/IT, gaming, Industry 4.0, biotech, cleantech, marine tech, and agrifoodtech. Brunnur Ventures is committed to fostering visionary startups through a collaborative partnership approach, focusing on long-term value creation and deep market understanding. The team comprises seasoned investors with expertise in various industries, including healthcare, biotech, SaaS/B2B software, fintech, gaming, cybersecurity, consumer apps, travel tech, Industry 4.0, and deep tech. Notable portfolio companies include ATMO Select, ARK Technology, DTE, Avo, EpiEndo Pharmaceuticals, IMS Vintage Photos, Smitten, Axelyf, Kosmi, Quest Portal, Overtune, and Trip to Japan. The firm's headquarters are located at Laugavegur 7, Reykjavík, Iceland. For inquiries, they can be contacted via email at info@brunnurventures.com.