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Brunnur Ventures GP

Venture capital

Reykjavik · Pre-Seed–Series A · 9 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.

Stage
Pre-Seed–Series A
Check
$1M – $3M
HQ
Reykjavik, IS
Instruments
Equity
Founded
2013
AUM
$105M
Tracked investments
26

Team · 9 people

from the firm's website & public directories
Sigurdur Arnljotsson· Founding Partnerin

What they invest in

from 20 of 26 portfolio companies

SaaS ×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 path

By year:2025 · 12022 · 12 dated

Axelyfaxelyf.cominJul 2025✓ verified

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)

Taktikaltaktikal.comin✓ verified

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

ARK Technology

Develops and implements solutions that increase sustainability and reduce waste.

Atmoselectatmoselect.com

Atmoselect provides custom music streaming hardware, curated playlists, and scent solutions to enhance the in-store atmosphere for hospitality and retail brands.

Avilabsavilabs.isin

AviLabs develops software and services for airlines to manage passenger disruptions caused by delays and cancellations.

Enterprise SoftwareSaaSReykjavik, IS

Co-investorsFrumtak Ventures

Avoavo.appin𝕏

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 Gamesbunkhouse.games

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)

Dtedte.aiin

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

EpiEndoepiendo.comin𝕏

EpiEndo Pharmaceuticals is a clinical-stage biopharmaceutical company developing therapies for chronic respiratory diseases such as COPD, based on research into macrolides and their effects on the lung epithelium.

BiotechHealthtechMedical DevicesReykjavik, IS

Glazeglaze.isin

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

Gridgrid.isin𝕏

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

Hopphopp.bikein

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)Ragnar Þór Valgeirsson(Founder)

IMS Vintage Photosimsvintagephotos.com
Kosmikosmi.ioin𝕏

Kosmi is a free platform for group video watch parties, gaming sessions, and virtual hangouts that integrates with popular streaming services and games.

ConsumerSocialToronto, CA

Haukur Rósinkranz(Founder)in

Co-investorsTechstars

Laki Powerlakipower.comin

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

Nanitornanitor.com

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

Oculisoculis.comin

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

Overtuneovertune.comin

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

PaxFlowpaxflow.io
Porcelain Fortressporcelainfortress.comin

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 Portalquestportal.com𝕏Jul 2022

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

SkyrBioticsskyrbiotics.comin

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

Smittensmitten.fun

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

Standbystandby.ioin

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)

Trip To Japantriptojapan.com
Vitar Gamesvitargames.com

Co-investorsBehold Ventures

Portfolio news

latest coverage across their companies

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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