# Brunnur Ventures

> Brunnur Ventures is a VC fund in Reykjavík backing Software and SaaS. See 32 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Reykjavík, Iceland
- Total investments: 32
- Last investment: Aug 2025
- Lead investor: 66%
- Fund size: $65M
- Last fund: Mar 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/sa-framtak/
- X (Twitter): https://twitter.com/brunnur
- Website: http://www.brunnurventures.com

Brunnur Ventures is a VC fund in Reykjavík focused on Software and SaaS. Brunnur Ventures invests in entities in Iceland and has the ability to invest abroad as a part of the expansion of its portfolio companies internationally. The venture firm does not have a specific industry focus. However, it investments in companies that show great growth potential in specific industry sectors. Brunnur Ventures is the GeneralPartner of Brunnur Venture Capital Fund a USD 40M fund.

## Contacts

5 contacts available for Brunnur Ventures. Shizune tracks 4 team members at Brunnur Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/venture-capital-fund-brunnur?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1M–$5.3M |
| Angel | $878k–$1M |
| Series A | $1.5M–$16M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 7 | 22% |
| SaaS | 5 | 16% |
| Gaming | 3 | 9% |
| Biotechnology | 3 | 9% |
| Medical | 2 | 6% |

54 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 14 | 44% |
| Series A | 5 | 16% |
| Angel | 2 | 6% |
| Pre-Seed | 2 | 6% |
| Funding Round | 2 | 6% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Iceland | 17 | 53% |
| United States | 2 | 6% |
| Japan | 1 | 3% |
| Denmark | 1 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Arni Blöndal | Managing Partner | 7 | https://shizune.co/investors/profile/arni-blondal |
| Sigurdur Arnljotsson | Founding Partner | 8 | https://shizune.co/investors/profile/sigurdur-arnljotsson |
| Kjartan Olafsson | Venture Partner | 2 | https://shizune.co/investors/profile/kjartan-olafsson |
| Margret Ormslev Asgeirsdottir | Partner | 1 | https://shizune.co/investors/profile/margret-ormslev-asgeirsdottir |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Axelyf | Axelyf is a biotechnology company that offers RNA medicines through safer and more effective lipid nanoparticle delivery. | $7.4M | Seed | Aug 07, 2025 |  |
| AviLabs | AviLabs specializes in software development in aviation. | $8.7M |  | Oct 15, 2024 |  |
| Porcelain Fortress | Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland. | $3M | Seed | Sep 24, 2024 |  |
| Laki Power | Laki Power's grid inspection solution introduces the missing critical component in preventive maintenance for power lines—enabling fast charging of drones directly on high-voltage lines. This innovation paves the way for continuous, autonomous inspections in remote locations, where deploying ground crews is both costly and hazardous.Leveraging our commercial traction, we’re already partnering with leading grid operators to deploy stationary monitoring solutions at critical grid points, tackling issues like icing, wildfires, and grid congestion. | $3M | Venture - Series Unknown | Aug 29, 2023 |  |
| Trip To Japan | Trip to Japan is a travel booking platform that focuses on creating customizable itineraries for travelers. The platform offers a variety of options, including hotels, ryokans, JR Passes, cultural tours, sightseeing, and adventure trips. With a selection of pre-planned and tailored travel packages, Trip to Japan provides easy online booking andfree cancellations. | $150K | Pre-Seed | Jul 01, 2023 |  |
| Trip To Japan | Trip to Japan is a travel booking platform that focuses on creating customizable itineraries for travelers. The platform offers a variety of options, including hotels, ryokans, JR Passes, cultural tours, sightseeing, and adventure trips. With a selection of pre-planned and tailored travel packages, Trip to Japan provides easy online booking andfree cancellations. | $150K | Pre-Seed | Jul 01, 2023 |  |
| DTE ehf | DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety. | $16M | Series A | Jun 19, 2023 |  |
| Vitar Games | Vitar Games is a gaming platform that emphasis on the logistical aspect of combat and the human cost of conflict. | $500K | Pre-Seed | Apr 27, 2023 |  |
| Standby Deposits | Standby Deposits is a developer of a renting deposit alternative platform for renters. Its platform connects landlords and tenants and eliminates security deposits by allowing renters to rent property based on their rental credit score along with banking integration to transfer rents on time. | $5.3M | Seed | Apr 19, 2023 |  |
| PaxFlow | PaxFlow is a travel technology startup that helps tour operators to streamline operations with resource management, data based workflows, customer communication and self service tools. | $2.2M | Seed | Apr 18, 2023 |  |

10 of 32 investments shown.

## Co-investors
- [Silfurberg](https://shizune.co/investors/profile/silfurberg) — VC Fund, 3 deals together
- [Bay City Capital](https://shizune.co/investors/profile/bay-city-capital) — VC Fund, 2 deals together
- [Behold Ventures](https://shizune.co/investors/profile/behold-ventures) — VC Fund, 2 deals together
- [Chrysalix Venture Capital](https://shizune.co/investors/profile/chrysalix-energy) — VC Fund, 2 deals together
- [Eyrir Vöxtur](https://shizune.co/investors/profile/eyrir-v%C3%B6xtur) — VC Fund, 2 deals together
- [Hyfinity Investments](https://shizune.co/investors/profile/hyfinity-investments) — VC Fund, 2 deals together

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## FAQ

### What does Brunnur Ventures invest in?

Brunnur Ventures invests primarily in Software, SaaS and Gaming startups, most often at Seed and Series A stage. Most of the 32 investments tracked by Shizune back companies in Iceland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Brunnur Ventures's check size?

Brunnur Ventures typically joins rounds of $1M–$5.3M at Seed, $878k–$1M at Angel and $1.5M–$16M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Brunnur Ventures participates in.

### How do I contact Brunnur Ventures?

Public channels for Brunnur Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Brunnur Ventures?

The team at Brunnur Ventures includes Arni Blöndal (Managing Partner), Sigurdur Arnljotsson (Founding Partner) and Kjartan Olafsson (Venture Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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