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 40 million venture fund launched in 2015 and invested in 11 companies. Brunnur I is currently working on growing and exiting its portfolio companies.
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.
LANDSBRÉF
Fund Administration
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.
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).
LANDSBRÉF
Fund Administration
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.
ADVISORY BOARD
Strong Network of Professionals