Brunnur Ventures

Brunnur Ventures, formerly known as SA Framtak, is a prominent venture capital firm based in Reykjavík, Iceland. It operates as the General Partner for the Brunnur Venture Capital Funds, with a strategic focus on early-stage technology companies. The firm primarily invests in Icelandic startups that demonstrate strong potential for international growth and market disruption, playing a pivotal role in nurturing the country's burgeoning tech ecosystem.

Initially, Brunnur Ventures managed Brunnur I, a fund with approximately USD 40 million under management, which laid the groundwork for their investment thesis. Building on this foundation, the firm successfully launched and closed Brunnur II, a significantly larger fund that secured €60 million (approximately USD 65 million) in late 2021 and early 2022. This substantial increase in capital reflects their growing influence and commitment to fostering innovation. Their investment strategy targets companies from seed to Series A stages, seeking out ventures with robust intellectual property and scalable business models.

Brunnur Ventures typically provides initial investments ranging from USD 500,000 to USD 2 million, demonstrating their commitment to supporting companies in their critical early phases. Beyond capital, the firm actively engages with its portfolio companies, offering strategic guidance, operational support, and access to an extensive network of industry experts and potential partners. This hands-on approach aims to accelerate the development, market entry, and internationalization of their portfolio companies, solidifying Brunnur Ventures' position as a key driver of technological advancement in Iceland.