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Top 10 Biotechnology Startup Investors in Iceland in October 2023

A list of 10 angel investors and VC (Venture Capital) funds that invest in Biotechnology startups based in Iceland. We rank investors based on the number of investments they made in Biotechnology companies from Iceland. We update this investor list every month.

Top 10 Biotechnology Startup Investors in Iceland in October 2023

Investor Biotechnology Iceland investments
Brunnur Ventures 2
New Business Venture Fund 1
TM 1
Sigurgeir Gudlaugsson 1
Flerie Invest 1
Silfurberg 1
ABC Ventures 1
Kvika Asset Management 1
Yanu Holdings 1
Sigþór Sigmarsson 1

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Investor list
Brunnur Ventures
VC Fund · Reykjavík, Gullbringusysla, Iceland · 4 investments in the past 12 months

Brunnur Ventures invests in entities in Iceland and has the ability to invest abroad as a part of the expansion of its portfolio companies internationally. The venture firm does not have a specific industry focus. However, it investments in companies that show great growth potential in specific industry sectors. Brunnur Ventures is the GeneralPartner of Brunnur Venture Capital Fund a USD 40M fund.

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Investment focus

  • Software, SaaS, Biotechnology
  • Seed, Series A, Angel
  • Iceland, United States, Denmark

Portfolio highlights

  • PaxFlow — We empower tour operators to streamline operations PaxFlow helps streamline tour operations with resource management, data based workflows, customer communication and self service tools. Discover Streamlined Tour Management PaxFlow integrates with leading booking system providers and integrates booking data with operational features like resource management, shift scheduling, departure management and customer self service portal to...
  • Vitar Games — A WW1 Strategy driven Management Game
  • Standby Deposits — Standby Deposits is a rental security deposit replacement based on credit.
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New Business Venture Fund
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investment in the past 12 months

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 anddevelopment 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.

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Investment focus

  • Software, Health Care, Medical
  • Seed, Funding Round, Series A
  • Iceland, United States, China

Portfolio highlights

  • HorseDay — HorseDay is a mobile application to track horse activities.
  • Spectaflow — Simple housekeeping and task management for hospitality. More effective operations without printouts, phone calls, and yellow stickers. Learn more!
  • PayAnalytics — PayAnalytics helps companies monitor, address and close pay gaps. Comply with regulations, use built-in reports or customize your own. Pay equity decisions made easy for HR and compensation managers as well as consultants. Used in over 75 countries for organizations of all sizes.
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TM
VC Fund · Reykjavík, Gullbringusysla, Iceland · 1 investment in the past 12 months

TM is a company that provides all insurance and damage related services through call, online chats & emails.

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Investment focus

  • Health Care, Biotechnology, Medical Device
  • Funding Round
  • Iceland

Portfolio highlights

  • Genis — GENIS is a biotechnology company headquartered in Siglufjörður, Iceland. They strive to discover, develop and commercialize novel and life-changing products, supplements and medical devices derived from crustacean exoskeletons. The GENIS team has been developing cutting-edge research on the production of chitin, chitosan, and short chain chitosanfor two decades. Their mission is to leverage this accumulated body of world-class scientific research with the intent of providing life-altering benefits for individuals.
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Sigurgeir Gudlaugsson
Angel · 1 investment in the past 12 months

Sigurgeir Gudlaugsson is the Chief Executive Officer of Genis.

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Investment focus

  • Health Care, Biotechnology, Medical Device
  • Funding Round
  • Iceland

Portfolio highlights

  • Genis — GENIS is a biotechnology company headquartered in Siglufjörður, Iceland. They strive to discover, develop and commercialize novel and life-changing products, supplements and medical devices derived from crustacean exoskeletons. The GENIS team has been developing cutting-edge research on the production of chitin, chitosan, and short chain chitosanfor two decades. Their mission is to leverage this accumulated body of world-class scientific research with the intent of providing life-altering benefits for individuals.
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Flerie Invest
VC Fund

Flerie is an active long-term life science investor, focusing on biotech and pharmaceutical investments globally.

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Investment focus

  • Biotechnology, Health Care, Medical
  • Series A, Funding Round, Series B
  • Sweden, Israel, Iceland

Portfolio highlights

  • AnaCardio — AnaCardio develops drugs targeting a novel mechanism that improves cardiac contractility and aims to improve clinical outcomes in heart failure.
  • XNK Therapeutics — XNK Therapeutics, founded in 2012, is one of the pioneering companies within the landscape of cell therapy.
  • Vitara Biomedical — Vitara Biomedical has developed a therapeutic platform to support premature infants. Vitara Biomedical's platform was inspired by natural physiological processes to transform neonatal care.
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Silfurberg
VC Fund · Reykjavík, Gullbringusysla, Iceland

Silfurberg is an international venture capital firm that invests in early-stage health care, biotech, and other life science companies. The firm follows up its investments as an active participant in the company and aims all the time to add value to its investments whenever possible. Silfurberg was founded in 2002 and is based in Reykjavík,Iceland.

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Investment focus

  • Health Care, Biotechnology, Pharmaceutical
  • Series A
  • Iceland

Portfolio highlights

  • Oculis — The Oculis drug delivery platform consists of a novel technique to facilitate drug absorption to both anterior and posterior parts of the eye. The advantage is a drug delivery system where diseases of the posterior part of the eye can be treated with a simple topical application. The Oculis drug delivery platform allows diseases such as DME(diabetic macular edema) at the posterior part of the eye to be treated with a non-invasive topical application. Furthermore, the technique has been demonstrated to allow diseases at the anterior part of the eye to be treated with a reduced number of topical applications compared to conventional eye-drops.
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ABC Ventures
VC Fund · 1 investment in the past 12 months

ABC Ventures operates as an investment firm.

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Investment focus

  • Water, Medical, Health Care
  • Pre-Seed, Series A
  • India, Iceland

Portfolio highlights

  • Polka Pop — Polka Pop is India's first brand to serve naturally flavored sparkling water with zero calories and no added sugar. Supporting a sustainable lifestyle choice, this healthy drink is available in four flavors, i.e. lemon-lime, orange, peach, and cranberry. The fizz makes this the best mix for cocktails and mocktails.
  • EpiEndo Pharmaceuticals — Welcome to EpiEndo Pharma | Developing epithelial barrier enhancing drugs to treat chronic respiratory diseases
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Kvika Asset Management
VC Fund · Reykjavík, Gullbringusysla, Iceland

Kvika Asset Management manages a broad range of funds including equity funds, bond funds and mixed funds.

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Investment focus

  • Medical, Health Care, Biotechnology
  • Series A
  • Iceland

Portfolio highlights

  • EpiEndo Pharmaceuticals — Welcome to EpiEndo Pharma | Developing epithelial barrier enhancing drugs to treat chronic respiratory diseases
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Yanu Holdings
VC Fund · 1 investment in the past 12 months

Yanu Holdings is a global investment firm.

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Investment focus

  • Health Care, Biotechnology, Medical Device
  • Funding Round
  • Iceland

Portfolio highlights

  • Genis — GENIS is a biotechnology company headquartered in Siglufjörður, Iceland. They strive to discover, develop and commercialize novel and life-changing products, supplements and medical devices derived from crustacean exoskeletons. The GENIS team has been developing cutting-edge research on the production of chitin, chitosan, and short chain chitosanfor two decades. Their mission is to leverage this accumulated body of world-class scientific research with the intent of providing life-altering benefits for individuals.
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Sigþór Sigmarsson
Angel · London, England, United Kingdom · 1 investment in the past 12 months

Sigþór Sigmarsson is Finance director at Novato. He attended Háskóli Íslands.

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Investment focus

  • Health Care, Medical, Software
  • Seed, Funding Round
  • Iceland

Portfolio highlights

  • Genis — GENIS is a biotechnology company headquartered in Siglufjörður, Iceland. They strive to discover, develop and commercialize novel and life-changing products, supplements and medical devices derived from crustacean exoskeletons. The GENIS team has been developing cutting-edge research on the production of chitin, chitosan, and short chain chitosanfor two decades. Their mission is to leverage this accumulated body of world-class scientific research with the intent of providing life-altering benefits for individuals.
  • Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
  • 3Z Pharmaceuticals — 3Z Pharmaceuticals provides research services intended to provide drug development services. It offers drug screening on sleep and epilepsy assays that helps in the development of drugs used to treat neurological disorders, enabling patients to get multiple drug efficacy and toxicity assays.Karl Karlsson and Haraldur Thorsteinsson founded 3ZPharmaceuticals in 2008. It based their company on their research on the sleeping patterns of the zebrafish at the Reykjavik University Neurolab in 2006.
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