"We gained the trust of other investors due to the fund's involvement"

Benedikt Skúlason
CEO
of Lauf

Portfolio

The New Business Venture Fund Kria

The fund’s support is based on investment opportunities in the market and focuses on areas where the need for public support is greatest at any given time.
The fund aims for reasonable returns while avoiding direct competition with existing investors when there is sufficient capital available. It also seeks to enhance the continuity of public support for innovative companies.

Additionally, the fund supports international collaborative projects led by authorities in the fields of investment and innovation where applicable, such as financing initiatives under the European Union’s Partnership Program.

The fund is authorized to invest in other funds, provide convertible loans, make direct investments in startups and innovation-driven companies, or offer other types of financing comparable to those commonly found in the international financing environment for startups and innovative companies.

Evergreen investments

The fund has invested more than 25 billion ISK in todays' value in companies and encouraged other investors to participate in them.

Strong companies have emerged

Many leading and high-growth firms secured their first funding from the fund.

Strong portfolio

The Innovation Fund Kría actively participates in the development of the companies in its portfolio.

Bridge the gap between investor

The fund is not in competition with other investors but rather aims to bridge the gap and encourage co-investment.

The Fund's Investment Focus

The fund emphasizes providing support where the need is greatest at any given time, particularly in areas that can be defined as market failures—without directly competing with existing investors.

The fund is guided by the principle of achieving reasonable returns. In all projects, the goal is to strengthen the continuity of public support for innovation-driven companies.In its direct investments, the fund targets startups and innovation companies, as defined by law—companies that are not yet established, are in the early stages of growth, considered small in size, and primarily focused on developing specific business ideas.

The New Business Venture Fund engages in two types of investments. On one hand, it invests in funds that specialize in startup investments, such as seed funds and specialized venture capital funds. On the other hand, the fund also makes direct investments, which are considered evergreen and are not bound by a defined investment period.

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