New Business Venture Fund
Government fundReykjavík · Seed–Series B · 2 people tracked
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 · 2 people
from public directoriesFrequently 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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