Nýsköpunarsjóður - New Business Venture Fund

Profile

Nýsköpunarsjóður - New Business Venture Fund is an investment fund based in Reykjavík, Iceland. Its main focus is on innovation and supporting companies at early growth stages, particularly those that meet certain public needs in the market. The fund does not compete directly with existing investors but instead aims to bridge the gap and encourage co-investments. The fund is notable for its strategic partnerships with government initiatives and its support of international projects.

The fund strategically invests in startups and innovation companies, often those not fully established, focusing on technology and innovation-driven sectors. This encompasses both direct investments and investments in other funds that specialize in startups. They employ a flexible approach with no defined investment horizon and typically require a comprehensive business plan, strong team, and sound financial backing before investing.

Some of their notable portfolio companies include Dohop, a company involved in travel technology solutions; Hefring Marine, which specializes in maritime technology; and Genis, a biotechnology firm. These companies exemplify the fund's focus on sectors with a high potential for growth and innovation.