Brunnur Ventures GP has launched Brunnur II, its second venture fund with USD65 million (ISK8.3 billion) in commitments. The new fund’s Limited Partners include ten of Iceland’s leading pension funds and Landsbanki
Brunnur II is a lead investor targeting seed and early-stage investments in Iceland with a focus on start-up companies with extraordinary entrepreneurial talent, innovative, high-growth and scalable business models. The fund’s sector focus is primarily within software/IT, gaming, Industry 4.0, biotech, cleantech, marine tech, agrifoodtech and other high technology sectors that have a competitive edge through patentable technology or proprietary know-how.
“We are delighted to be announcing the close of Brunnur II and our enlarged team which brings together a real concentration of expertise in seeking out, participating in and driving the growth of the most promising and scalable start-ups,” says Arni Blondal, Managing Partner of Brunnur Ventures GP.
Source: Private Equity Wire
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