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

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

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

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

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

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

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

Laki Power raises undisclosed seed round led by Brunnur Ventures

Laki Power, which creates real-time, autonomous surveillance of the high voltage power grid, just announced a seed round led by Brunnur Ventures. Terms of the deal are undisclosed. The company has previously received grants from the Technology Development Fund. “This round enables us to accelerate the build out of our power-harvesting capabilities into an expanded… Read More Laki Power raises undisclosed seed round led by Brunnur Ventures

Oculis Pharma raises Series A led by Brunnur Ventures and Silfurberg

The pharmaceutical startup Oculis Pharma announced a Series A financing led by investors Brunnur Ventures and Silfurberg. The amount is undisclosed. “We are delighted to receive this support from Brunnur Ventures, Silfurberg and their co-investors to progress our development of DexNP,” Páll Ragnar Jóhannesson, CEO of Oculis, said in a statement. “In addition to providing financial resources,… Read More Oculis Pharma raises Series A led by Brunnur Ventures and Silfurberg

Industrial equipment maker DTE raises $1.1 from Brunnur

Industrial process and quality control equipment maker Dynamic Technology Equipment has raised ~$1.1 million (135m ISK) from venture capital fund Brunnur. This is announced on the website of Einar Gunnar Guðmundsson, who is Chairman of the Board at SER Holding, the Startup Energy Reykjavik investment company. The company develops specialized industrial equipment aimed at the aluminum… Read More Industrial equipment maker DTE raises $1.1 from Brunnur