New Business Venture Fund

The New Business Venture Fund is an evergreen investment fund that actively contributes to
the development and growth of the Icelandic economy by investing in promising innovation and start-up companies.

The New Business Venture Fund invests at seed and early stage in promising growth companies with great business ideas and strong management and development teams.

The New Business Venture Fund is a state owned investment fund intended to strengthen and develop the Icelandic venture capital market along with promoting startups and business in Iceland thus encouraging economic growth.

Portfolio

In 2018, the portfolio consists of 25 companies with total revenue of ISK 3.3 billion, employing 385 employees. Exports are ISK 2.4 billion or 70% of revenue.

The Team

Huld Magnúsdóttir
CEO

Friðrik Friðriksson
CFO

Ólöf Vigdís Ragnarsdóttir
Investment Manager

Örn Viðar Skúlason
Investment Manager

The Board of Directors

Áslaug Friðriksdóttir

Hákon Stefánsson

Heiðrún Lind Marteinsdóttir

Kristján Þórður Snæbjarnarson

Sigurður Hannesson

Chairman of the Board

For further information

please contact us

7 + 13 =