Tag: brunnur

Vitar Games secures $550K from Behold Ventures and Brunnur to develop WWI Strategy game Dig In

Icelandic game developer Vitar Games has secured $550K in its first round of funding, with Behold Ventures and Brunnur leading the investment. The funding will be used to further develop the company’s debut game, Dig In, which offers a novel approach to reinvigorating the management and strategy genre with a healthy mix of historical research… Read More Vitar Games secures $550K from Behold Ventures and Brunnur to develop WWI Strategy game Dig In

Magnús Símonarson

PaxFlow secures a $2.2M investment from Brunnur

Icelandic travel technology startup, PaxFlow, has secured $2.2M in investment from Brunnur, the Icelandic venture capital firm. The investment will enable PaxFlow to continue the development of its products, and also expand its sales and marketing activities in international markets. Up to eight software experts are soon to be added to PaxFlow’s team, as the… Read More PaxFlow secures a $2.2M investment from Brunnur

Magnús Símonarson

Glaze secures $1.1M in funding from Brunnur

Glaze, a Reykjavik-based technology startup, today announced it has secured $1.1M in funding from Brunnur, the Icelandic venture capital firm. The funds will be used to accelerate the development of Glaze’s order and pay solutions for the experience economy, enabling businesses to offer frictionless, contactless experiences to customers. Glaze is a cloud-based platform that transforms… Read More Glaze secures $1.1M in funding from Brunnur

Magnús Símonarson

Nanitor raises a 1.7M round led by Brunnur

Nanitor, a cybersecurity company, has raised 1.7M funding from Brunnur and other private investors. The new capital will be used to fund further expansion in foreign markets. Nanitor is a cybersecurity management platform that focuses on hardening security fundamentals across IT infrastructure. Their solution actively enforces technical policy based on corporate requirements and compliance frameworks… Read More Nanitor raises a 1.7M round led by Brunnur

Magnús Símonarson

Arctic Theory raises a $2m round from Brunnur

The Icelandic gaming studio Arctic Theory was founded by gaming veterans Gísli Konráðsson, Matthías Guðmundsson, Snorri Sturluson and Jón Bjarni Bjarnason. The four of them all have connections in some way to CCP Games and EVE Online which connects them. However, individually they also boast impressive resumés, where parts of the team were a part… Read More Arctic Theory raises a $2m round from Brunnur

Haraldur Hugosson

Taktikal closes $2M investment from Brunnur Ventures

Taktikal, a developer of digital trust solutions, announced that Brunnur Ventures invested $2M into the company. Taktikal provides enterprise-grade electronic signature solutions that allow companies to automate and streamline processes that require identification, authentication and authorisation. According to a press release the new funding will accelerate international sales expansion of the Company’s e-signature software suite… Read More Taktikal closes $2M investment from Brunnur Ventures

Haraldur Hugosson

Laki Power raises funding round and appoints new CEO

Laki Power, an Icelandic company that provides high voltage surveillance and real-time monitoring for transmission systems, recently announced a growth investment led by Brunnur Ventures, which previously invested in Laki Power last year, with participation from Silfurberg. In addition to new funding, the company announced the appointment of Dr. Bjorgvin Sigurdsson as CEO. Sigurjon Magnusson,… Read More Laki Power raises funding round and appoints new CEO

Kristinn Árni Lár Hróbjartsson

Kjartan Örn Ólafsson joins Brunnur as Venture Partner

Kjartan Örn Ólafsson has joined Brunnur Ventures to help manage their new ~$60m (8 billion ISK) venture capital fund planned to go live this fall. Kjartan has served on the Board of Directors and Investment Committee for Brunnur Ventures since it was founded in 2015 but joins now as a Venture Partner. This hire is… Read More Kjartan Örn Ólafsson joins Brunnur as Venture Partner

Kristinn Árni Lár Hróbjartsson

DT Equipment raises $5.5m Series A funding round from Chrysalix Venture Capital and Brunnur Ventures

DT Equipment, developers of  next-generation analytics technology for metals production and processing, just announced the close of a Series A financing with the new participation of Chrysalix Venture Capital and follow-on investment from Brunnur Ventures. DT Equipment previously raised a seed round from Brunnur Ventures. “We are delighted to welcome Chrysalix onboard as industry-focused investors… Read More DT Equipment raises $5.5m Series A funding round from Chrysalix Venture Capital and Brunnur Ventures

Kristinn Árni Lár Hróbjartsson

Margrét Ormslev Ásgeirsdóttir joins Brunnur Ventures as partner

Although Northstack generally doesn’t discuss personnel movement, a hire – and new partner – within Icelandic VC is newsworthy. Margrét Ormslev Ásgeirsdóttir, who has served as part of executive management at Icelandic Carbon Recycling, is joining Brunnur Ventures as partner. The move is connected to Brunnur’s current fundraise, with the team raising its second fund,… Read More Margrét Ormslev Ásgeirsdóttir joins Brunnur Ventures as partner

Dóróthea Ármann