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New Business Venture Fund
The New Business Venture Fund is a venture capital investor that takes an active part in business development and growth in Iceland by investing in innovative...
New Business Venture Fund
The New Business Venture Fund is a venture capital investor that takes an active part in business development and growth in Iceland by investing in innovative companies.
General information
Firm type
Venture Capital
Year founded
1998
AUM
Undisclosed
Location
Region
Europe
Country
Iceland
City
Reykjavik
Corporate office
Reykjavik, Iceland
Frequently asked questions
How does Kría source its investment opportunities?
Kría accepts direct applications from companies via its website and encourages a structured introductory email. The investment council reviews submissions regularly, and if the council decides to proceed, it requests additional data and presentations. The firm also participates in the Icelandic startup ecosystem through events like Startup Supernova.
Does Kría take board seats in its portfolio companies?
Yes. The fund states it generally requires a board seat as a condition of investment. The stated purpose is to participate in building the company and supporting its progress.
What investment stages does Kría target?
Kría targets early-stage companies, specifically seed and startup rounds. It also indicates it may make follow-on investments later in a company's life cycle as part of its evergreen mandate.
What conditions does Kría set for its investments?
Typical conditions include the startup owning its business concept, full financing being secured, and the founder actively participating in building the company. The fund also seeks board representation.
How does Kría exit its investments?
The fund evaluates the optimal time to sell its stake, prioritizing strong returns to redeploy into new ventures. At exit, Kría emphasizes protecting the company's interests and ensuring the incoming investors have the capacity to support the company's continued growth.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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