Brunnur II

Brunnur Ventures invests in entities in Iceland and has the ability to invest abroad as a part of the expansion of its portfolio companies internationally. The venture firm does not have a specific industry focus. However, it investments in companies that show great growth potential in specific industry sectors. Brunnur Ventures is the General Partner of Brunnur Venture Capital Fund a USD 40M fund.

Arni Blöndal

Managing Partner

23 past transactions

Vitar Games

Pre Seed Round in 2023
Vitar Games is a gaming platform that emphasis on the logistical aspect of combat and the human cost of conflict.

PaxFlow

Seed Round in 2023
PaxFlow is a travel technology startup that helps tour operators to streamline operations with resource management, data based workflows, customer communication and self service tools.

Nanitor

Venture Round in 2022
The Nanitor Vulnerability Management platform radically simplifies how organizations manage cybersecurity for assets (on-premise and in the cloud) to continuously identify fundamental cybersecurity issues. With Nanitor you have a single, end-to-end, solution that continuously analyses your environment and checks your security configurations against industry best practices, checks for missing security patches and detects known vulnerablilities throughout your infrastructure. Nanitor provides a complete and holistic view of your assets and cybersecurity issues across your heterogeneous environments.

Arctic Theory

Seed Round in 2022
Arctic Theory is a game development company focused on massively multiplayer games using innovative technology. Arctic Theory creates vast virtual worlds full of immersive multiplayer experiences in which players can shape the universe around them in new and unique ways.

Taktikal

Series A in 2022
Taktikal is build around highly experienced staff in the field of digital product development and software. Taktikal helps companies redesign and automate processes that deliver faster processing, less operational risk and a better customer experience.

Hopp

Seed Round in 2021
Hopp is a micro mobility SaaS solution & e-scooter sharing franchise for local entrepreneurs.

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 offers research and development services, company focused on eco-friendly power solutions. The company offers services including real-time intelligence, and lkx-series sensors. It also offers powergrab electromagnetic energy harvesting technology. The company was founded in 2015 and is headquartered in Reykjavik, Iceland.

IMS Vintage Photos

Seed Round in 2019
IMS Vintage Photos specializes in digitizing old photo archives, for the owners and offering the original prints on sale for collectors and heritage photo connoisseurs worldwide.

GRID

Seed Round in 2019
GRID is a spreadsheet technology company redefining how spreadsheets integrate with modern applications. At its core is a powerful independent spreadsheet engine, built for complex calculations, dynamic visualizations, and seamless AI integration.

Nanitor

Seed Round in 2019
The Nanitor Vulnerability Management platform radically simplifies how organizations manage cybersecurity for assets (on-premise and in the cloud) to continuously identify fundamental cybersecurity issues. With Nanitor you have a single, end-to-end, solution that continuously analyses your environment and checks your security configurations against industry best practices, checks for missing security patches and detects known vulnerablilities throughout your infrastructure. Nanitor provides a complete and holistic view of your assets and cybersecurity issues across your heterogeneous environments.

EpiEndo Pharmaceuticals

Angel Round in 2019
EpiEndo is a clinical-stage biopharmaceutical company with a unique approach to inflammatory disorders that focuses on the enhancement of epithelial barrier integrity as a causal pathophysiological factor underlying the etiology of a number of major diseases. Epithelial cells are a key component of the barrier that makes up human skin and lung tissue, as well as the intestinal tract and genitalia. Compromised integrity of this barrier is implicated in the progression and non-resolution of inflammation. EpiEndo is developing a proprietary portfolio of orally available macrolide drug candidates with promise as first-in-class disease-modifying therapeutics, to address the huge global burden of chronic respiratory diseases and other significant unmet medical needs. EpiEndo’s lead drug candidate, EP395, aims to be the first on-market oral, disease modifying, non-antibiotic, barrier strengthening and anti-inflammatory macrolide for COPD and other inflammatory airway diseases.

Oculis

Series B in 2019
The Oculis drug delivery platform consists of a novel technique to facilitate drug absorption to both anterior and posterior parts of the eye. The advantage is a drug delivery system where diseases of the posterior part of the eye can be treated with a simple topical application. The Oculis drug delivery platform allows diseases such as DME (diabetic macular edema) at the posterior part of the eye to be treated with a non-invasive topical application. Furthermore, the technique has been demonstrated to allow diseases at the anterior part of the eye to be treated with a reduced number of topical applications compared to conventional eye-drops.

Ghostlamp

Venture Round in 2018
Ghostlamp enables brands and agencies to create on-demand micro influencer campaigns, anywhere in the world via the use of an online self-serve platform.

GRID

Angel Round in 2018
GRID is a spreadsheet technology company redefining how spreadsheets integrate with modern applications. At its core is a powerful independent spreadsheet engine, built for complex calculations, dynamic visualizations, and seamless AI integration.

Oculis

Series B in 2018
The Oculis drug delivery platform consists of a novel technique to facilitate drug absorption to both anterior and posterior parts of the eye. The advantage is a drug delivery system where diseases of the posterior part of the eye can be treated with a simple topical application. The Oculis drug delivery platform allows diseases such as DME (diabetic macular edema) at the posterior part of the eye to be treated with a non-invasive topical application. Furthermore, the technique has been demonstrated to allow diseases at the anterior part of the eye to be treated with a reduced number of topical applications compared to conventional eye-drops.

Ghostlamp

Seed Round in 2017
Ghostlamp enables brands and agencies to create on-demand micro influencer campaigns, anywhere in the world via the use of an online self-serve platform.

Avo

Seed Round in 2017
Avo creates one source of truth for analytics events and generates personalized tracking libraries that give developers dev time validation that implementation is correct. Avo is a toolbox (UI and dev tool) to define event based analytics, and generate personalized tracking libraries that provide dev time validation of correct implementation. It's like a spell-checker for people to define quality data, and a type-checker for developers to make sure they send analytics according to design.

Oculis

Series A in 2016
The Oculis drug delivery platform consists of a novel technique to facilitate drug absorption to both anterior and posterior parts of the eye. The advantage is a drug delivery system where diseases of the posterior part of the eye can be treated with a simple topical application. The Oculis drug delivery platform allows diseases such as DME (diabetic macular edema) at the posterior part of the eye to be treated with a non-invasive topical application. Furthermore, the technique has been demonstrated to allow diseases at the anterior part of the eye to be treated with a reduced number of topical applications compared to conventional eye-drops.

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 covers all aspects of audio branding for companies and brands. Based on research & development, and years of experience, we analyze the music and sound correlation between a brand and its customer base. Customer demographics and brand information is used to develop an audio branding strategy and detailed music profile report that we deliver to our customers across the globe. Headquartered in Iceland, ATMO Select is based as well in Scandinavia, Germany, Benelux and the United States.

ARK Technology

Series A in 2015
ARK Technology is an environmental management company that provides software solutions and advisory services for the maritime industry. They assist ship owners in monitoring the environmental impact of their ships and thereby reduce waste and operational costs. The digitization of the maritime industry simplifies regulatory compliance and administration by facilitating data sharing. Shipping companies that demonstrate good environmental performance on a continuing basis should be rewarded with a stronger market position and improved customer relations. ARK Technology was founded in 2013 and is funded both privately and through several grants such as the Icelandic Technology Development Fund and the Nordic Atlantic Cooperation (NORA) project fund. Their Headquarters are located in the central of Reykjavik, Iceland.
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