Fundraising Fox
Brunnur Ventures GP
Venture capitalReykjavik · Pre-Seed–Series A · 7 people tracked
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Investment thesis
Brunnur Ventures backs visionary, high-growth startups through a collaborative, partnership-driven approach. The firm emphasizes long-term value creation and a deep understanding of the markets it invests in, positioning itself as a hands-on partner to entrepreneurs. Its portfolio spans healthtech, SaaS, gaming, deeptech and other sectors, reflecting a broad focus on companies with strong scaling potential.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from the firm's website & public directories
What they invest in
from 20 of 27 portfolio companiesSaaS ×7AI & Machine Learning ×5Enterprise Software ×5Biotech ×4Healthtech ×4Cleantech ×3Consumer ×3Gaming ×3
HQs:Iceland×10United States×2Canada×1Switzerland×1
Who they back
founder profiles across 8 portfolio companiesFounding team size:solo founder×42 founders×23 founders×14+ founders×1
Where their founders studiedfrom 11 founders with education data
Reykjavik University ×6Háskóli Íslands ×5
What their founders studiedfrom 11 founders with field-of-study data
Computer Science ×4Business & Management ×3Physics ×3
Where their founders worked beforefrom 12 founders with career history
Aranja ×3Arctic Theory ×2Google ×2JSConf Iceland ×2KLAK - Venture Mentoring Service ×2QuizUp ×2
Investments · 27 tracked
founders shown can be your intro pathBy year:2025 · 12023 · 12022 · 22021 · 12020 · 16 dated
Axelyf develops RNA medicines built on nanotechnology formulations and nucleic acid technologies, working across the drug development pathway from CMC and clinical pharmacology to computational sciences.
AI & Machine LearningBiotechDeep TechHealthtechChestnut Hill, US
Orn Almarsson(Executive Officer, Director, Promoter)in
BoardArni Blondal(Director)inJohn Lucas(Director)
Taktikal builds digital forms and authentication-driven workflows that let organizations replace paper- and PDF-based document processes with secure, verifiable digital journeys.
CybersecurityEnterprise SoftwareFintechSaaS
Valur Thor Gunnarsson(Founder)in
Atmoselect provides custom music streaming hardware, curated playlists, and scent solutions to enhance the in-store atmosphere for hospitality and retail brands.
AviLabs develops software and services for airlines to manage passenger disruptions caused by delays and cancellations.
Enterprise SoftwareSaaSReykjavik, IS
Steinar Karl KristjánssoninSveinn Akerliein
Co-investorsFrumtak Ventures
Avo is a SaaS analytics governance platform that helps product managers, developers, and data scientists plan, track, and govern product analytics.
Data & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSReykjavík, IS
Stefania Olafsdottir(Founder)inSölvi Logason(Founder)inArni Hermann Reynisson(Founder)Dekel Valtzer(Founder)inIdan Hershko(Founder)inNir Smadar(Founder)
Co-investorsHeavybitNotable CapitalY CombinatorBackbone AngelsCrowberry CapitalVentureSouq+11 more
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Bunkhouse Games is an Icelandic game studio that develops multiplayer action adventure games focused on collaboration and social connection.
GamingReykjavik, IS
Matthías Guðmundsson(CEO & Founder)inÓlöf S. Magnúsdóttir(Creative Director & Co-founder)in
DTE develops LP-LIBS technology for real-time elemental analysis of molten metals across aluminum production, from primary smelters to end-user manufacturing.
Advanced ManufacturingAI & Machine LearningCleantechDeep TechEnterprise SoftwareHardwareNew MaterialsReykjavik, IS
Jakob Ásmundsson(Chief Executive Officer)inKristján Leósson(Chief Technology Officer)in
Co-investorsChrysalixMetaplanet
Glaze is a software platform that enables tourism businesses, campsites, and visitor attractions to manage sales, payments, reservations, check-ins, and team operations through a single dashboard.
Retail TechSaaSTravel & Hospitality
Arnthor Ingi Hinriksson(Founder)Jonas Sigurdsson(Founder)
GRID builds spreadsheet technology that lets software teams embed spreadsheet capabilities into their products, with Excel and Google Sheets compatibility, high performance, and AI integration through its own Spreadsheet LLM.
AI & Machine LearningData & InfrastructureDeveloper ToolsSaaSReykjavík, IS
Hjalmar Gislason(Founder)inThorsteinn Yngvi Gudmundsson(Founder)inBorgar Þorsteinsson(Co-Founder, Engineering)Steinn Eldjárn Sigurðarson(Co-Founder, Engineering)Eva Dogg Steingrimsdottir(VP of Software Development)Gernot Zacke(Founder)
Co-investorsAcequia Capital (AceCap)BlueYard CapitalNew Enterprise Associates (NEA)Slack FundFuturistic.VCKindred Ventures
Hopp provides a company account for business mobility, letting organizations manage employee access to scooters, car sharing, and ride-hailing (taxi) services through an app.
CleantechMobility & TransportationSaaSReykjavik, IS
Aegir Thor(Founder)inRagnar Þór Valgeirsson(Founder)in
Laki Power provides grid monitoring technology that delivers real-time data on power grid infrastructure, including monitoring in extreme weather and surveillance of critical assets.
CleantechEnergyHardwareIoT
Nanitor provides an enterprise-grade Continuous Threat Exposure Management (CTEM) platform that delivers real-time visibility and prioritization of IT security issues across assets, vulnerabilities, and compliance for organizations globally.
CybersecurityEnterprise Software
Oculis is a biopharmaceutical company developing pharmaceutical drug products, with a focus on ophthalmic and eye disease treatments.
BiotechHealthtechMedical DevicesBoston, CH
Riad Sherif(Chief Executive Officer)in
Co-investorsBay City CapitalPivotal Life SciencesVI PartnersBVCF
Overtune is a music creation platform that enables singers, rappers, and content creators to produce and share music with intuitive tools and a library of copyright-free sounds.
AI & Machine LearningConsumerCreator EconomyMedia & Entertainment
Co-investorsChenel Capital Partners
Porcelain Fortress is a game studio that develops simple, polished games for the PC market, drawing inspiration from classic arcade and console games.
GamingReykjavik, IS
Co-investorsBehold VenturesCrowberry Capital
Quest Portal is a virtual tabletop (VTT) platform for playing tabletop role-playing games (TTRPGs) on desktop and mobile, offering an AI assistant, character sheets, battlemaps, ambient music, and backdrops.
AI & Machine LearningGamingSaaSReykjavík, IS
Beatrice Slprandi(Director)Gudmundur Gunnlaugsson(Executive Officer)Gunnar Holmsteinn Gudmundsson(Executive Officer, Director)Steinn Runarsson Steinsen(Executive Officer, Director)
Co-investorsMoonfire VenturesKleiner PerkinsTodd and Rahul’s Angel Fund
SkyrBiotics® is a consumer-facing biotic ingredient concept for dairy products, combining named microbiome strains, research-informed doses, and scientific substantiation for co-branding partnerships with dairy brands.
BiotechFoodTechHealthtechWellness & FitnessReykjavík, IS
Smitten is a dating app that uses personality games, challenges, and interactive search features to help users find matches based on compatibility and shared interests rather than superficial criteria.
ConsumerMarketplaces
David Simonarson(Founder)in
Co-investorsbyFoundersFrumtak VenturesMakers FundPossible VenturesRoots VenturesSharrp Ventures
Standby Deposits offers an alternative to traditional rental security deposits, letting residents avoid paying an upfront deposit while properties keep protection.
FintechPropTechNew York, US
Egil Agustsson(Executive Officer, Director)Clinton Miller(Executive Officer, Director)Elvar Thormar(Executive Officer, Director)inEgill Agustsson(Executive Officer, Director)
Co-investorsService Provider Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ARK TechnologyAtmo SelectIMS Vintage PhotosTrip To JapanVitar Games
Portfolio news
latest coverage across their companiesAxelyf · finsmes.com · Aug 29, 2025
Frequently asked questions
- How many investments has Brunnur Ventures GP made?
- Brunnur Ventures GP has 27 tracked investments, including 1 dated in the last 24 months.
- What stage does Brunnur Ventures GP invest at?
- Brunnur Ventures GP invests at the Pre-Seed, Seed, Series A stages.
- What is Brunnur Ventures GP's typical check size?
- Brunnur Ventures GP typically writes checks of $1M – $3M.
- What sectors does Brunnur Ventures GP focus on?
- Brunnur Ventures GP focuses on Advanced Manufacturing, Biotech, Consumer, Cybersecurity, Deep Tech, Energy, Enterprise Software, Fintech, FoodTech, Gaming, Healthtech, Media & Entertainment, SaaS, Sector Agnostic, Travel & Hospitality.
- Where is Brunnur Ventures GP located?
- Brunnur Ventures GP is headquartered in Reykjavik, IS.
- Who does Brunnur Ventures GP co-invest with?
- Brunnur Ventures GP most often shares deals with Behold Ventures, Crowberry Capital, BlueYard Capital, among 19 tracked co-investors.
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