Brunnur Ventures GP
Venture capitalReykjavik · Pre-Seed–Series A · 9 people tracked
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 · 9 people
from the firm's website & public directoriesWhat they invest in
from 20 of 26 portfolio companiesSaaS ×7AI & Machine Learning ×5Enterprise Software ×5Biotech ×4Healthtech ×4Cleantech ×3Consumer ×3Gaming ×3
HQs:Iceland×10United States×2Canada×1Switzerland×1
Investments · 26 tracked
founders shown can be your intro pathBy year:2025 · 12022 · 12 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)
BoardArni Blondal(Director)inJohn Lucas(Director)
Develops and implements solutions that increase sustainability and reduce waste.
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
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/CEO)inSölvi Logason(Founder)inSolvi Logason(Founder)in
Co-investorsHeavybitNotable CapitalY CombinatorBackbone AngelsVentureSouqAlleyCorp+7 more
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)Ólöf S. Magnúsdóttir(Creative Director & Co-founder)
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)Kristján Leósson(Chief Technology Officer)
Co-investorsChrysalixMetaplanet
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 & CEO)inThorsteinn Yngvi Gudmundsson(Co-Founder & VP of Operations & Finance)Borgar Þorsteinsson(Co-Founder, Engineering)Steinn Eldjárn Sigurðarson(Co-Founder, Engineering)Eva Dogg Steingrimsdottir(VP of Software Development)
Co-investorsAcequia Capital (AceCap)BlueYard CapitalNew Enterprise Associates (NEA)Slack Fund
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)
Co-investorsBay City CapitalVI Partners
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 Ventures
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 Ventures
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
Co-investorsFrumtak 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)Egill Agustsson(Executive Officer, Director)
Co-investorsBehold Ventures
Portfolio news
latest coverage across their companiesGrid · esgtoday.com · May 19, 2026
Avo · en.wowtale.net · Apr 18, 2026
Frequently asked questions
- How many investments has Brunnur Ventures GP made?
- Brunnur Ventures GP has 26 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, BlueYard Capital, Heavybit, among 16 tracked co-investors.
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