Our funds
Early and transformational investments
Brunnur has three active funds that utilize the abundance of opportunities created by Icelandic entrepreneurial spirit and strong ecosystem.
Brunnur III
Launched 2026 · Actively investing
USD 56 million
Investing in startups and growth companies, supporting strong teams building international companies out of Iceland.
Board
ChairmainGuðrún Tinna Ólafsdóttir
Board directorGuðbjörg Edda Eggertsdóttir
Board directorRögnvaldur J. Sæmundsson
Portfolio
Brunnur III was founded in 2026 and we are actively looking for investments.
Brunnur II
Vintage 2021 · Investing & follow-on
USD 65 million
Backing high-growth teams across healthtech, SaaS, deeptech and climate.
Board
ChairmanGuðbjörg Edda Eggertsdóttir
Board directorRögnvaldur J. Sæmundsson
Board directorRut Steinsen
AlternateÓlafur Andri Ragnarsson
AlternateSæunn Björk Þorkelsdóttir
Portfolio
Brunnur I
Vintage 2015 · Fully invested
USD 40 million
Our first fund backed a generation of Icelandic startups now scaling internationally.
Board
ChairmanGuðbjörg Edda Eggertsdóttir
Board directorHjörleifur Pálsson
Board directorGuðrún Tinna Ólafsdóttir
AlternateRut Steinsen
AlternateRögnvaldur J. Sæmundsson
Portfolio
