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ABOUT BRUNNUR VENTURES

A Growing Venture Company

Brunnur Ventures GP was founded in 2014 and has since developed a rich network of co-investors. We make early and transformational investments in companies that have the potential to do great things. Our dedicated team is made up of seasoned investors who are looking to partner with hard-working, visionary entrepreneurs.

​In Iceland, conditions are extremely favorable for start-up and growth companies with its small and flexible economy, and strong infrastructure. Icelanders generally have a can-do attitude, and entrepreneurship and creativity are highly regarded. In the field of innovation it is often said that the best time to invest is on the back of a recession, and this has in fact proven to be the case in Iceland. Numerous successful start-ups have emerged since the financial crisis in 2008 and continue to emerge as Icelanders learn to appreciate their importance in the economy. 


Brunnur has two active funds that utilizes the abundance of opportunities created by Icelandic entrepreneurial spirit and good innovation environment.

 

BRUNNUR I

An USD 32 million venture fund launched in 2015 and invested in 11 companies. Brunnur I is currently working on growing and exiting its portfolio companies.

 
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Beautiful Landscape

GUÐBJÖRG EDDA EGGERTSDÓTTIR

Chairman

Extensive private investments and board seats across multiple sectors. Previously President & EVP Strategic Projects of Actavis Plc in Iceland, a global pharmaceutical company; and previous managerial roles. Board member of Medicines for Europe from 2006-14 (President 2011-13).

HJÖRLEIFUR PÁLSSON

Board Director

Former EVP and CFO at a successful fast growing global medical device company listed at NASDAQ OMX Copenhagen. Including years of experience leading; Accounting and Planning, Investor relations, Treasury and Funding, Merger and Acquisitions, Human resources and Business Information Services.

KJARTAN ÖRN ÓLAFSSON

Board Director

An entrepreneur and angel investor with deep startup experience in Iceland and in New York. Kjartan is the co-founder of Basno Inc., and the founder of Volta ehf. a private startup studio and investment boutique. Previously Kjartan served as the Director of Business Development for the international media company Bertelsmann Inc. in New York.

ÓLAFUR JÓHANNSSON

Fund Managing Director

Working at Landsbréf from 2013. A certified broker and from UN-PRI. Ólafur holds a B.Sc. in business from Unversity of Iceland and M.Sc. in Corporate finance from Reykjavik University.

RÖGNVALDUR SÆMUNDSSON

Alternate

Teaching and research within the field of technology management, innovation, and entrepreneurship. Board member in a number of technology-based startups. Previously, R&D director in start-up and global companies.

GUÐRÚN TINNA ÓLAFSDÓTTIR

Alternate

Extensive board and managerial  experience.

BRUNNUR VENTURES GP

Investment Team

With four experienced partners and two active funds Brunnur utilizes the abundance of opportunities created by Icelandic entrepreneurial spirit and good innovation environment.

LANDSBRÉF

Fund Operations

One of the largest fund management companies in Iceland with over USD 1.4 billion under active management.
Licensed by the Financial Supervisory Authority of Iceland to operate mutual funds, investment funds and institutional investment funds and handle asset management for others.

 

BRUNNUR II

A USD 65 million venture fund launched in 2021 and plans to invest in up to 20 companies.

 
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Beautiful Landscape

GUÐBJÖRG EDDA EGGERTSDÓTTIR

Board Director

Extensive private investments and board seats across multiple sectors. Previously President & EVP Strategic Projects of Actavis Plc in Iceland, a global pharmaceutical company; and previous managerial roles. Board member of Medicines for Europe from 2006-14 (President 2011-13).

SOFFÍA TRYGGVADÓTTIR

Board Director

Currently leading a global product marketing team responsible for the go to market strategies and content marketing as a driver for lead generation and awareness for NetApp's cloud services portfolio.

RÖGNVALDUR SÆMUNDSSON

Board Director

Teaching and research within the field of technology management, innovation, and entrepreneurship. Board member in a number of technology-based startups. Previously, R&D director in start-up and global companies.

ÓLAFUR JÓHANNSSON

Fund Managing Director

Working at Landsbréf from 2013. A certified broker and from UN-PRI. Ólafur holds a B.Sc. in business from Unversity of Iceland and M.Sc. in Corporate finance from Reykjavik University.

RUT STEINSEN

Alternate

CEO of SimplyBook.me, one of the market leaders in the appointment scheduling space. Coming from a financial background after having worked at KPMG, Islandsbanki and Municipality Credit Iceland (MCI).

ARI DANÍELSSON

Alternate

Background in entrepreneurship, technology and financial services. B.Sc. in Computer Sciences and MBA from Reykjavik University. Founder of Reviva Capital S.A.

BRUNNUR VENTURES GP

Investment Team

With four experienced partners and two active funds Brunnur utilizes the abundance of opportunities created by Icelandic entrepreneurial spirit and good innovation environment.

LANDSBRÉF

Fund Operations

One of the largest fund management companies in Iceland with over USD 1.4 billion under active management.
Licensed by the Financial Supervisory Authority of Iceland to operate mutual funds, investment funds and institutional investment funds and handle asset management for others.