Investments

A growing venture company

Brunnur Ventures GP was founded in 2014 and has since developed a rich network of co-investors. We make early and transformational investments in companies that have the potential to do great things. Our dedicated team is made up of seasoned investors who are looking to partner with hard-working, visionary entrepreneurs

Brunnur has two active funds that utilize the abundance of opportunities created by Icelandic entrepreneurial spirit and strong ecosystem

Investments

Venture fund II

A USD 65 million venture fund launched in 2021, with plans to invest in up to 20 companies

Board of directors
Chairman
Guðbjörg Edda Eggertsdóttir
Board director
Rögnvaldur J. Sæmundsson
Board director
Rut Steinsen
Alternate
Ólafur Andri Ragnarsson
Success stories
All portfolio
B2C & Entertainment software
Smitten

Have fun finding your next crush! Whether you’re looking for a short-term or long-term relationship, Smitten is here to help you have fun while finding your next one.

Visit website
Bio & Healthtech
Axelyf

Optimizing delivery systems for promising small molecule drugs derived from natural sources.

Visit website
B2C & Entertainment software
Kosmi

Kosmi is a virtual entertainment hub for you and your friends or co-workers.

Visit website
Gaming
Quest Portal

Quest Portal is the virtual tabletop for Game Masters who want to boost their storytelling and be confident about the games they run.

Visit website
B2C & Entertainment software
Overtune

Overtune equips you with the tools you need to make songs and short-form music content in only a few minutes.

Visit website
Traveltech
Trip to Japan

Plan your Japan travel with Trip To Japan: custom packages, hotels, ryokans, JR Passes, and day tours for a seamless and unforgettable journey.

Visit website
Investments

Venture fund I

A USD 40 million venture fund launched in 2015 that invested in 11 companies. Brunnur I is currently working on growing and exiting its portfolio companies

Board of directors
Chairman
Guðbjörg Edda Eggertsdóttir
Board director
Hjörleifur Pálsson
Board director
Guðrún Tinna Ólafsdóttir
Alternate
Rut Steinsen
Alternate
Rögnvaldur J. Sæmundsson
Success stories
All portfolio
ATMO Select

Specializing in custom music atmosphere, sound integration systems and natural scent solutions for hospitality and branded retail.

Visit website
Climate & Industry 4.0
ARK Technology

ARK Technology works on the development and implementation of solutions that increase sustainability and reduce waste at all levels.

Visit website
Climate & Industry 4.0
DTE

Real-time composition analysis of molten metals

Visit website
SaaS, Fintech & Cybersecurity
Avo

Avo helps data and product teams guarantee event data quality upstream, so they can build great user experiences.

Visit website
Bio & Healthtech
EpiEndo Pharmaceuticals

A clinical-stage biopharmaceutical company with a unique approach to developing drugs for chronic inflammatory diseases, focusing on enhancing the epithelium.

Visit website
B2C & Entertainment software
IMS Vintage Photos

Preserving history and helping archives around the world by digitizing their physical images, photos, or prints! Experts in the digitization process of physical photographs, partnering with newspaper archives all over the world.

Visit website
SaaS, Fintech & Cybersecurity
Nanitor

With the Nanitor solution you focus on improving your cybersecurity fundamentals systematically. Enable effective collaboration from top-level management with IT teams and remove the need for guesswork. Nanitor brings clarity to cybersecurity.

Visit website
Climate & Industry 4.0
Laki Power

Laki Power offers innovative, line-powered solutions for overhead transmission line monitoring, tackling key challenges faced by utilities globally.

Visit website
SaaS, Fintech & Cybersecurity
Grid

Spreadsheets run the world...and GRID run spreadsheets. Their cutting-edge engine, fully compatible with Excel and Google Sheets, is the most advanced independent engine available today. For years it has powered interactive web models and calculators, and now they're leading the way in integrating spreadsheets with AI.

Visit website
Bio & Healthtech
Oculis

Oculis is a global biopharmaceutical company (Nasdaq/XICE: OCS) purposefully driven to save sight and improve eye care. Oculis’ highly differentiated pipeline comprises multiple innovative product candidates in development. Oculis’ goal is to improve the health and quality of life of patients worldwide.

Visit website
B2C & Entertainment software
Ghostlamp

Giving users the insights they need to boost revenue, cut costs, and supercharge performance.

Visit website
Investments

Advisory board

Our advisory board is composed of experts from various industries and is available to us and our portfolio companies when needed. This access ensures that we receive valuable insights and advice when we face new challenges or projects.

Members
Advisory Board Member
Stefán Jökull Sveinsson
Advisory Board Member
Ragnhildur Ágústsdóttir
Advisory Board Member
Gunnhildur Arnardóttir
Advisory Board Member
David Helgason
Advisory Board Member
Prof. Þórarinn Guðjónsson
Advisory Board Member
Eyþór Jónsson
Advisory Board Member
Guðjón Már Guðjónsson
Advisory Board Member
Svanhvít Friðriksdóttir
Advisory Board Member
María Kristjánsdóttir