NSA Ventures

NSA Ventures is an evergreen venture capital firm based in Reykjavík, Iceland, focused on direct and fund of fund investments. The firm primarily targets equity investments in seed, startup, and early-stage companies, with a strong emphasis on the technology and life sciences sectors. NSA Ventures favors investing in Icelandic companies and is open to co-investing with other investors across various stages, from angel to growth. Additionally, it engages in balance sheet investments to support promising growth companies with innovative ideas and capable management teams. Founded in 1998, NSA Ventures plays a vital role in enhancing the Icelandic venture capital landscape and promoting economic growth through its investments.

Hreinn Sigmarsson

Investment Manager

Past deals in Iceland

Hefring Marine

Venture Round in 2021
Hefring Marine, based in Reykjavík, Iceland, specializes in developing a cloud-based telematics and sensory guidance system for vessels. This system enhances safety for crew and passengers by monitoring vessel movements and providing guidance on optimal speeds to navigate challenging conditions, thereby reducing the risk of accidents and damage to equipment. Launched in March 2020, the service operates on a subscription basis and is primarily utilized by tactical and rescue operators, with plans to expand into commercial vessels, yachting, and unmanned surface vessels. Hefring Marine's technology offers real-time monitoring and automated trip reports, fostering improved fleet management and operational efficiency. The company is also focused on advancing its systems to achieve higher levels of autonomy and is developing features that will enhance fuel efficiency, weather routing, stability guidance, maintenance planning, and operator training.

Hefring Marine

Venture Round in 2019
Hefring Marine, based in Reykjavík, Iceland, specializes in developing a cloud-based telematics and sensory guidance system for vessels. This system enhances safety for crew and passengers by monitoring vessel movements and providing guidance on optimal speeds to navigate challenging conditions, thereby reducing the risk of accidents and damage to equipment. Launched in March 2020, the service operates on a subscription basis and is primarily utilized by tactical and rescue operators, with plans to expand into commercial vessels, yachting, and unmanned surface vessels. Hefring Marine's technology offers real-time monitoring and automated trip reports, fostering improved fleet management and operational efficiency. The company is also focused on advancing its systems to achieve higher levels of autonomy and is developing features that will enhance fuel efficiency, weather routing, stability guidance, maintenance planning, and operator training.

Dohop

Seed Round in 2016
Dohop is an award-winning technology provider founded in Iceland with 15 years’ experience in developing innovative solutions in the field of aviation and travel. Its core technology is focused on creating connecting itineraries. Being at the forefront of digital innovation in the field of interline technology, Dohop has developed solutions for forward-thinking airlines, alliances, and airports all around the globe, including easyJet, Transavia, Eurowings, Jetstar Group, Gatwick Airport, and SkyTeam.

Nordicphotos

Seed Round in 2002
NORDICPHOTOS was established in 2000 in Iceland, and grew rapidly by the acquisitions of legendary, Swedish picture agencies Mira and Tiofoto. Today the direction is mainly contemporary Scandinavian photography, with unique selections of vintage photography by famous and less well known Swedish photographers, and an eclectic blend of foreign image collections. NORDICPHOTOS has offices in Reykjavik and Stockholm and is established world wide by a network of international agencies.