/Investors

New Business Venture Fund

Government fund

Reykjavík · Seed–Series B · 3 people tracked

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89 people in our graph share verified history with the New Business Venture Fund team — schools, employers, funds. One of them is your warm intro.

Valur Thor Gunnarssonunlockedknows Hrönn Greipsdóttir · together at KLAK - Icelandic Startups (overlapped)
knows the team · via Radisson SAS Hotels and Resorts
×10knows the team · via NVM Private Equity LLP
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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.

Stage
Seed–Series B
Check
$216K – $4.3M
HQ
Reykjavík, IS
Instruments
Equity · Debt
Founded
1988
AUM
$86.4M
Tracked investments
1

Team · 3 people

from curated & public directories

What they invest in

from 1 of 1 portfolio companies

AI & Machine Learning ×1B2B Marketplaces ×1SaaS ×1Travel & Hospitality ×1

HQs:United Kingdom×1

Investments · 1 tracked

founders shown can be your intro path
Kaptiokaptio.cominNov 2024

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

Vidar Svanssonin

Co-investorsCapital A PartnersFrumtak VenturesVEX

Frequently asked questions

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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