Fundraising FoxNew Business Venture Fund
Government fundReykjavík · Seed–Series B · 4 people tracked
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Investment thesis
Kría is a government-backed Icelandic innovation fund whose support is guided by market investment opportunities, focusing on areas where public backing is most needed. It aims for reasonable returns without directly competing with existing investors when sufficient private capital is available, and seeks to increase continuity in public support for innovation companies. The fund is authorized to invest in funds, provide convertible loans, and invest directly in startups and innovation companies, or offer other financing comparable to international startup funding practices. It also supports international government cooperation projects in investment and innovation, such as EU co-funding programs.
Source: firm website, verified Aug 3, 2026.
Team · 4 people
from curated & public directoriesWhat they invest in
from 6 of 8 portfolio companiesSaaS ×4Travel & Hospitality ×3AI & Machine Learning ×2B2B Marketplaces ×2Enterprise Software ×2Advanced Manufacturing ×1Data & Infrastructure ×1Deep Tech ×1
HQs:Iceland×2United Kingdom×1United States×1
Investments · 8 tracked
founders shown can be your intro pathDohop provides technology that enables airlines, airports, and travel retailers to connect with suppliers and expand their networks through flexible partnership solutions and intermodal offerings.
B2B MarketplacesLogistics & Supply ChainSaaSTravel & HospitalityReykjavik, IS
Frosti Sigurjonsson(Co-founder)
Co-investorsScottish Equity PartnersKreos CapitalSEP
Sweeply provides a platform for hotel operations management designed to simplify communication and coordination tasks like housekeeping and turnovers.
Enterprise SoftwareFuture of WorkSaaSTravel & Hospitality
Petur Orri Sæmundsen(Co-founder and former CEO)Erlendur Steinn Gudnason(Founder)Frans Veigar Gardarsson(Founder)
Co-investorsFrumtak Ventures
Voyage is a cruise and rail inventory and booking management platform built on Salesforce that enables travel operators to manage cabin categories, pricing, and reservations through guided workflows and real-time availability updates.
AI & Machine LearningB2B MarketplacesSaaSTravel & HospitalityLondon, GB
Co-investorsCapital A PartnersFrumtak VenturesVEX
Kara engineers single-crystal diamond, handling growth in its own reactors as well as processing and characterization in-house.
Advanced ManufacturingDeep TechHardwareNew MaterialsQuantum ComputingSan Francisco, US
Anuveer Chadha(Founder)inAarin Jhaveri(Founder)inArjun Lakhanpal(Founder)in
Co-investorsTranspose Platform ManagementY CombinatorAgrolimen VenturesBlast.ClubCanvas VenturesDeepTechX Ventures+12 more
MedEye is a bedside medication verification system that scans and confirms medications - including partial doses, multiple tablets, and correct strength - to reduce administration errors and cut the time nurses spend on medication tasks.
Digital HealthHealthtechMedical Devices
Co-investorsEindhoven Venture CapitalSeventure Partners
Meniga provides transaction data enrichment and analytics for financial institutions, transforming raw transaction strings into actionable customer spending insights and merchant information across multiple countries.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaS
Piotr Tybura(Chief Technology Officer)in
Co-investorsAnthemis VentureBootstrap EuropeIndustrifondenVelocity Fintech VenturesFrumtak Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
CoooriHefring Marine
Portfolio news
latest coverage across their companiesKara · ycombinator.com · Aug 11, 2026
Frequently asked questions
- How many investments has New Business Venture Fund made?
- New Business Venture Fund has 8 tracked investments, including 1 dated in the last 24 months.
- What stage does New Business Venture Fund invest at?
- New Business Venture Fund invests at the Seed, Series A, Series B stages.
- What is New Business Venture Fund's typical check size?
- New Business Venture Fund typically writes checks of $216K – $4.3M.
- What sectors does New Business Venture Fund focus on?
- New Business Venture Fund focuses on Biotech, Consumer, Data & Infrastructure, EdTech, Enterprise Software, Fintech, Media & Entertainment, Medical Devices, New Materials, SaaS, Sector Agnostic.
- Where is New Business Venture Fund located?
- New Business Venture Fund is headquartered in Reykjavík, IS.
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