Brunnur Ventures, established in 2013 and located in Reykjavik, Iceland, is a venture capital firm that focuses on investing in Icelandic start-ups and growth companies. The firm aims to enhance the growth potential of its portfolio by investing not only within Iceland but also internationally. Brunnur Ventures does not confine itself to a specific industry sector; instead, it seeks opportunities across various fields, including information technology, consumer products and services, gaming, cleantech, life sciences, and ag tech. Through its investments, Brunnur Ventures strives to support innovative companies that demonstrate significant potential for expansion.
Porcelain Fortress, founded in the summer of 2016 in Reykjavik, Iceland, is a video game development company focused on creating simple, enjoyable, and well-polished games for the PC market. The company aims to provide clients with a convenient and hassle-free gaming experience through its diverse range of products, which include both PC games and console offerings. With a commitment to quality and user satisfaction, Porcelain Fortress caters to gamers seeking engaging entertainment.
Laki Power
Seed Round in 2019
Laki Power ehf, founded in 2015 and headquartered in Reykjavik, Iceland, specializes in eco-friendly power solutions through research and development. The company has developed an innovative grid inspection solution that allows for the fast charging of drones directly on high-voltage power lines, facilitating continuous and autonomous inspections in remote areas. This technology addresses challenges such as icing, wildfires, and grid congestion by enabling real-time monitoring of overhead power lines. Laki Power's offerings include monitoring systems that utilize optical and thermal cameras, weather stations, and line sensors, all designed to operate without external power sources like solar panels or diesel generators. The company is actively partnering with leading grid operators to implement stationary monitoring solutions at critical grid points.
ATMO Select
Series A in 2015
ATMO Select specializes in audio branding, focusing on the relationship between music, sound, and customer engagement. By leveraging extensive research and years of industry experience, the company analyzes customer demographics and brand characteristics to create tailored audio branding strategies. These strategies culminate in detailed music profile reports that assist businesses in enhancing their customer interactions. Based in Iceland, ATMO Select operates across Scandinavia, Germany, Benelux, and the United States. Additionally, the company provides high-quality speakers and sound systems suitable for various retail and installation environments. It also offers customized music atmospheres and sound integration systems, along with natural scent equipment, particularly for the hospitality and branded retail sectors, aiming to elevate the in-store experience and drive revenue growth for its clients.
Ark Technology
Series A in 2015
ARK Technology is an environmental management company based in Reykjavik, Iceland, focused on providing software solutions and advisory services specifically for the maritime industry. Founded in 2013, the company offers tools that help ship owners monitor and analyze their vessels' environmental impact, thereby enabling them to reduce waste and operational costs. By facilitating data sharing and simplifying regulatory compliance, ARK Technology assists shipping companies in optimizing their environmental performance. This proactive approach not only enhances operational efficiency but also strengthens market positioning and customer relations for companies demonstrating consistent environmental responsibility. The company is funded through private investments and various grants, including support from the Icelandic Technology Development Fund and the Nordic Atlantic Cooperation project fund.
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