Brunnur II

Brunnur Ventures, established in 2013 and located in Reykjavik, Iceland, is a venture capital firm that focuses on investing in Icelandic start-ups and growth companies. The firm aims to enhance the growth potential of its portfolio by investing not only within Iceland but also internationally. Brunnur Ventures does not confine itself to a specific industry sector; instead, it seeks opportunities across various fields, including information technology, consumer products and services, gaming, cleantech, life sciences, and ag tech. Through its investments, Brunnur Ventures strives to support innovative companies that demonstrate significant potential for expansion.

Sigurdur Arnljotsson

Founding Partner and Managing Partner

Arni Blöndal

Founding Partner

Soffía Theódóra Tryggvadóttir

Partner

29 past transactions

Avilabs

Venture Round in 2024
AviLabs is a software development company focused on the aviation industry. It specializes in creating innovative solutions for passenger disruption management, providing a platform that enhances the travel recovery process. This platform allows aviation businesses to improve the passenger experience with minimal initial investment and without the need for extensive system integration. Through its offerings, AviLabs aims to transform how airlines and other aviation-related services manage disruptions and enhance overall customer satisfaction.

Porcelain Fortress

Seed Round in 2024
Porcelain Fortress, founded in the summer of 2016 in Reykjavik, Iceland, is a video game development company dedicated to creating simple, fun, and well-polished games for the PC market. The company focuses on delivering high-quality gaming experiences that allow players to enjoy their favorite games conveniently and without complications. Through its commitment to innovation and quality, Porcelain Fortress aims to engage a diverse audience of gamers while fostering a passion for entertaining and accessible gameplay.

Laki Power

Venture Round in 2023
Laki Power ehf is an Icelandic company established in 2015, specializing in eco-friendly power solutions through innovative research and development services. Headquartered in Reykjavik, Laki Power focuses on advanced monitoring systems for overhead power lines, employing technologies such as real-time intelligence and specialized sensors. Their grid inspection solution enhances preventive maintenance by allowing drones to charge directly on high-voltage lines, facilitating autonomous inspections in remote areas where ground crew deployment is impractical. The company also addresses critical issues like icing, wildfires, and grid congestion by providing stationary monitoring solutions at essential grid points. Through these initiatives, Laki Power aims to optimize grid capacity and improve reliability without relying on external power sources.

Trip To Japan

Pre Seed Round in 2023
Trip to Japan is a travel booking platform specializing in customizable itineraries for trips to Japan. It offers a range of services, including hotel and ryokan accommodations, JR Passes, cultural tours, sightseeing, and adventure trips. The platform provides both pre-planned and tailored travel packages, with easy online booking and free cancellation options.

DTE ehf

Series A in 2023
DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety.

Vitar Games

Pre Seed Round in 2023
Vitar Games is a video gaming platform that focuses on the logistical aspects of combat and the human cost of conflict. The company aims to deliver quality-driven video games characterized by engaging storytelling and a unique approach to gameplay. Vitar Games emphasizes strategy and utilizes proven game design principles to create immersive experiences for players. Through its innovative platform, the company seeks to enhance player engagement and foster a deeper understanding of the complexities involved in conflict scenarios.

Standby Deposits

Seed Round in 2023
Standby Deposits is a technology company that operates a platform designed to replace traditional security deposits in rental transactions. The platform connects landlords and tenants, facilitating a system where renters can secure properties using their rental credit scores instead of large upfront payments. Standby Deposits integrates with banking systems to ensure timely rent transfers, thereby eliminating the need for cash security deposits. This service benefits both parties by streamlining the rental process and reducing financial burdens.

PaxFlow

Seed Round in 2023
PaxFlow is a travel technology startup that specializes in providing software solutions for tour operators. It offers a comprehensive management platform designed to streamline various aspects of tour operations, including resource management, data-driven workflows, customer communication, and self-service tools. By automating daily operational tasks, PaxFlow enables tour operators to enhance efficiency, reduce costs, and save time, ultimately improving their overall service delivery. The company's innovative approach addresses the specific needs of the travel industry, making it easier for operators to manage their activities and focus on delivering exceptional experiences to their customers.

Nanitor

Venture Round in 2022
Nanitor is a cybersecurity software company that offers a comprehensive vulnerability management platform designed to streamline the identification and remediation of cybersecurity issues across both on-premise and cloud environments. The platform continuously analyzes an organization’s assets, checking security configurations against industry best practices, identifying missing security patches, and detecting known vulnerabilities. By providing a holistic view of an organization’s cybersecurity posture, Nanitor enables companies to efficiently manage their IT assets in real-time. The software also includes features for compliance reporting, risk management, and prioritized issue tracking, allowing organizations to address cybersecurity-related challenges promptly and effectively.

Arctic Theory

Seed Round in 2022
Arctic Theory is a game development company specializing in the creation of massively multiplayer games that leverage innovative technology. The company is dedicated to designing expansive virtual worlds that offer immersive experiences, allowing players to interact and shape their environments in distinctive ways. One of its key initiatives is a development prototype known as Project Existence, which serves as a live development environment. This platform enables the team to establish foundational elements for their main title while experimenting with new features and technologies, all driven by real player engagement. Through this approach, Arctic Theory aims to enhance user immersion and foster connections among players worldwide.

Taktikal

Series A in 2022
Taktikal is a company focused on enhancing digital product development and software solutions, leveraging its highly experienced staff to serve both private and government sectors. The firm specializes in creating a digital signature platform designed for service-driven businesses, facilitating automated processes such as customer and workforce onboarding, know-your-customer protocols, and anti-money laundering compliance. By focusing on identification, authentication, and authorization, Taktikal aims to help organizations redesign and automate their operations, resulting in faster processing times, reduced operational risks, and improved customer experiences.

Hopp

Seed Round in 2021
Hopp is a company focused on sustainable transportation solutions for urban environments. They offer a range of electric bikes and an electric scooter-sharing service aimed at reducing carbon emissions. In addition, Hopp provides software as a service (SaaS) solutions for micro-mobility, allowing small business owners globally to establish and manage their own e-scooter franchise operations. This approach not only promotes environmentally friendly transportation options but also supports local entrepreneurs in enhancing mobility within their communities.

DTE ehf

Series A in 2020
DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety.

Laki Power

Seed Round in 2019
Laki Power ehf is an Icelandic company established in 2015, specializing in eco-friendly power solutions through innovative research and development services. Headquartered in Reykjavik, Laki Power focuses on advanced monitoring systems for overhead power lines, employing technologies such as real-time intelligence and specialized sensors. Their grid inspection solution enhances preventive maintenance by allowing drones to charge directly on high-voltage lines, facilitating autonomous inspections in remote areas where ground crew deployment is impractical. The company also addresses critical issues like icing, wildfires, and grid congestion by providing stationary monitoring solutions at essential grid points. Through these initiatives, Laki Power aims to optimize grid capacity and improve reliability without relying on external power sources.

IMS Vintage Photos

Seed Round in 2019
IMS Vintage Photos is a company that focuses on the digitization of old photo archives, catering to both individual owners and collectors. It specializes in transforming physical images, photos, and prints into digital formats, thereby preserving historical materials for future generations. By providing these digitization services, IMS Vintage Photos plays a crucial role in helping clients, including newspaper archives, convert their physical collections into accessible digital formats. The company not only ensures the preservation of history but also offers original prints for sale, appealing to collectors and heritage photo enthusiasts worldwide.

GRID

Seed Round in 2019
GRID is a productivity tool that transforms everyday Excel spreadsheets into modern web applications, allowing users to create interactive web documents without requiring new skills. This platform offers an editor that automates the conversion process, enabling users to generate visually appealing and interactive web reports from their spreadsheets. Additionally, GRID facilitates secure sharing and analysis of these documents, empowering clients to turn traditional spreadsheets into dynamic dashboards or applications that enhance collaboration and usability.

Nanitor

Seed Round in 2019
Nanitor is a cybersecurity software company that offers a comprehensive vulnerability management platform designed to streamline the identification and remediation of cybersecurity issues across both on-premise and cloud environments. The platform continuously analyzes an organization’s assets, checking security configurations against industry best practices, identifying missing security patches, and detecting known vulnerabilities. By providing a holistic view of an organization’s cybersecurity posture, Nanitor enables companies to efficiently manage their IT assets in real-time. The software also includes features for compliance reporting, risk management, and prioritized issue tracking, allowing organizations to address cybersecurity-related challenges promptly and effectively.

EpiEndo Pharmaceuticals

Angel Round in 2019
EpiEndo Pharmaceuticals is a clinical-stage biopharmaceutical company that focuses on treating inflammatory disorders by enhancing epithelial barrier integrity, a crucial factor in various diseases. Epithelial cells comprise significant components of human skin, lung tissue, the intestinal tract, and genitalia, with compromised barrier integrity linked to persistent inflammation. EpiEndo is developing a proprietary portfolio of orally available macrolide drug candidates aimed at addressing the substantial global burden of chronic respiratory diseases and other unmet medical needs. Its lead candidate, EP395, is designed to be the first oral, disease-modifying, non-antibiotic macrolide that strengthens barriers and reduces inflammation, targeting conditions such as chronic obstructive pulmonary disease (COPD) and other inflammatory airway diseases. Through its innovative approach, EpiEndo seeks to provide effective treatments that improve patient outcomes.

Oculis Holding

Series B in 2019
Oculis Holding AG is a global biopharmaceutical company focused on advancing eye care and preserving vision. The company has developed a novel drug delivery platform that enhances the absorption of therapeutics to both the anterior and posterior segments of the eye. This innovative approach enables the treatment of posterior eye diseases, such as diabetic macular edema, through a simple topical application, thus offering a non-invasive alternative to traditional methods. Oculis's product pipeline includes OCS-01, a topical treatment for diabetic macular edema; OCS-02, a topical biologic for dry eye disease; and OCS-05, a disease-modifying candidate targeting acute optic neuritis and other neuro-ophthalmic disorders, including glaucoma and diabetic retinopathy. Through its cutting-edge technologies and therapeutic candidates, Oculis aims to significantly improve patient outcomes in the field of ophthalmology.

Ghostlamp

Venture Round in 2018
Ghostlamp is a developer of a self-serve influencer platform that allows brands and agencies to create on-demand micro-influencer campaigns globally. The platform automates key processes, including the identification, contracting, and payment of influencers, streamlining the overall campaign management. Additionally, Ghostlamp provides tools to measure the success of campaigns and track all influencer-generated content, enabling brands to execute targeted influencer marketing strategies efficiently.

GRID

Angel Round in 2018
GRID is a productivity tool that transforms everyday Excel spreadsheets into modern web applications, allowing users to create interactive web documents without requiring new skills. This platform offers an editor that automates the conversion process, enabling users to generate visually appealing and interactive web reports from their spreadsheets. Additionally, GRID facilitates secure sharing and analysis of these documents, empowering clients to turn traditional spreadsheets into dynamic dashboards or applications that enhance collaboration and usability.

Oculis Holding

Series B in 2018
Oculis Holding AG is a global biopharmaceutical company focused on advancing eye care and preserving vision. The company has developed a novel drug delivery platform that enhances the absorption of therapeutics to both the anterior and posterior segments of the eye. This innovative approach enables the treatment of posterior eye diseases, such as diabetic macular edema, through a simple topical application, thus offering a non-invasive alternative to traditional methods. Oculis's product pipeline includes OCS-01, a topical treatment for diabetic macular edema; OCS-02, a topical biologic for dry eye disease; and OCS-05, a disease-modifying candidate targeting acute optic neuritis and other neuro-ophthalmic disorders, including glaucoma and diabetic retinopathy. Through its cutting-edge technologies and therapeutic candidates, Oculis aims to significantly improve patient outcomes in the field of ophthalmology.

Ghostlamp

Seed Round in 2017
Ghostlamp is a developer of a self-serve influencer platform that allows brands and agencies to create on-demand micro-influencer campaigns globally. The platform automates key processes, including the identification, contracting, and payment of influencers, streamlining the overall campaign management. Additionally, Ghostlamp provides tools to measure the success of campaigns and track all influencer-generated content, enabling brands to execute targeted influencer marketing strategies efficiently.

Avo

Seed Round in 2017
Avo develops software aimed at enhancing the accuracy of product analytics by preventing human errors during implementation. The company's platform provides tools for defining event-based analytics and generating customized tracking libraries. These tools serve as a validation mechanism for developers, ensuring that analytics are correctly implemented according to design specifications. By functioning like a spell-checker for data quality and a type-checker for developers, Avo enables users to confidently track and analyze data while minimizing the risk of mistakes in their analytics processes.

Oculis Holding

Series A in 2016
Oculis Holding AG is a global biopharmaceutical company focused on advancing eye care and preserving vision. The company has developed a novel drug delivery platform that enhances the absorption of therapeutics to both the anterior and posterior segments of the eye. This innovative approach enables the treatment of posterior eye diseases, such as diabetic macular edema, through a simple topical application, thus offering a non-invasive alternative to traditional methods. Oculis's product pipeline includes OCS-01, a topical treatment for diabetic macular edema; OCS-02, a topical biologic for dry eye disease; and OCS-05, a disease-modifying candidate targeting acute optic neuritis and other neuro-ophthalmic disorders, including glaucoma and diabetic retinopathy. Through its cutting-edge technologies and therapeutic candidates, Oculis aims to significantly improve patient outcomes in the field of ophthalmology.

DTE ehf

Seed Round in 2016
DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety.

ATMO Select

Series A in 2015
ATMO Select is a company specializing in audio branding, focusing on the relationship between music, sound, and customer engagement. Headquartered in Iceland, with operations in Scandinavia, Germany, Benelux, and the United States, ATMO Select leverages extensive research and development to create tailored audio branding strategies for businesses globally. The company analyzes customer demographics and brand characteristics to develop detailed music profile reports that enhance the connection between brands and their audiences. Additionally, ATMO Select provides high-quality sound systems, including custom music atmospheres and sound integration solutions, aimed at improving the in-store experience for clients in hospitality and retail sectors. Through its innovative approach, ATMO Select seeks to elevate customer experiences and drive revenue growth for its clients.

Ark Technology

Series A in 2015
ARK Technology is an environmental management company based in Reykjavik, Iceland, specializing in software solutions and advisory services for the maritime industry. Founded in 2013, the company aids ship owners in monitoring the environmental impact of their vessels, thereby helping to reduce waste and operational costs. ARK Technology's offerings leverage existing data to provide comprehensive analyses of environmental performance, accessible through an intuitive interface. This digitization of the maritime sector facilitates regulatory compliance and enhances administrative efficiency. By promoting sustainable practices, ARK Technology enables shipping companies to strengthen their market positions and improve customer relations through demonstrated environmental responsibility. The company has received funding from various private sources and grants, including the Icelandic Technology Development Fund and the Nordic Atlantic Cooperation project fund.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.