REYKJAVIK, Iceland–(Business enterprise WIRE)–Mar 16, 2021–
Brunnur Ventures GP ( www.brunnurventures.com ) is pleased to announce the launch of Brunnur II, its next venture fund of US$65 million (ISK 8.3 billion). The new fund’s Minimal Partners incorporate ten of Iceland’s foremost pension cash and Landsbanki.
Brunnur Ventures Companion Staff (Photo: Business enterprise Wire)
Brunnur II is a lead investor concentrating on seed and early-stage investments in Iceland with a emphasis on begin-up corporations with incredible entrepreneurial talent, impressive, significant-expansion and scalable organization models. The fund’s sector concentration is primarily inside software package/IT, gaming, Field 4., biotech, cleantech, marine tech, agrifoodtech and other large technology sectors that have a aggressive edge via patentable engineering or proprietary know-how.
“We are delighted to be saying the shut of Brunnur II and our enlarged team which provides together a authentic focus of experience in searching for out, taking part in and driving the expansion of the most promising and scalable start out-ups,” commented Arni Blondal, Controlling Associate of Brunnur Ventures GP. “We are continuing a method of catalyzing the advancement and internationalization of our portfolio firms via leveraging our fingers-on get started-up practical experience and community. I am also happy to welcome our two new Associates, Margret O. Asgeirsdóttir and Kjartan Olafsson, who deliver a wealth of additional expertise to even further guideline the leadership of our portfolio.”
Brunnur Ventures GP debut fund, Brunnur I, a 2015 vintage, has invested in a vary of interesting companies that include things like Oculis, DT Gear, Grid, Laki Electric power, Nanitor, IMS and Avo Program. Brunnur Ventures’ co-investors incorporate Earlybird, NEA, Chrysalix, Blue Yard, GGV Money, Y Combinator, Novartis Undertaking Fund and many others.
Brunnur II intends to commit in a portfolio of up to 20 businesses with preliminary investments ranging from US$ 1-3 million, with cash pre-allotted for follow on investments.
Brunnur Ventures is venture money organization based in Iceland targeted on seed and early-stage investments, emphasizing innovation and expansion, merged with scalable small business products and remarkable entrepreneurial talent.
Brunnur Ventures at present manages two cash, Brunnur I and Brunnur II, with fund operation and administration supplied by Landsbref ( www.landsbref.is ), a fund management organization licensed by the Icelandic Monetary Supervisory Authority.
Controlling Companion, Brunnur Ventures
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Resource: Brunnur Ventures GP
Copyright Enterprise Wire 2021.
PUB: 03/16/2021 02:00 AM/DISC: 03/16/2021 02:01 AM
Copyright Business enterprise Wire 2021.
