New Business Venture Fund - aVenture Asset Manager Research
Location
Reykjavík, Capital Region, IS
Founded
1998
The New Business Venture Fund is an Icelandic state-owned investment fund focused on fostering economic growth by investing in innovative startups. The fund primarily targets seed and early-stage companies with promising business ideas and strong management teams. It aims to strengthen and develop the Icelandic venture capital market by providing critical financial support to burgeoning enterprises.
Notable portfolio companies include Tyme Wear, which has raised $1.4 million. The fund's investment philosophy centers on identifying high-potential startups that can contribute significantly to the Icelandic economy. In addition to financial backing, the New Business Venture Fund offers strategic guidance and support to help portfolio companies achieve sustainable growth and success.
New Business Venture Fund - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Portfolio Companies1
Current Portfolio Count1
Top Investment Stages
Pre-Seed1 (100.0%)
Stage Mix
Pre-Seed 100%
Concentration shown as share of disclosed investments by stage.
