Reykjavík, Gullbringusysla, Iceland In 2003 was created Technology Development Fund, which is appeared as VC. The venture was found in Europe in Iceland. The main office of represented VC is situated in the Reykjavu00edk.
Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. Among the most popular fund investment industries, there are Apps, Energy. The fund has no exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Among the most popular portfolio startups of the fund, we may highlight Controlant, Activity Stream, Solid Clouds. For fund there is a match between the location of its establishment and the land of its numerous investments - Iceland.
When the investment is from Technology Development Fund the average startup value is 100 thousands - 1 million dollars. Considering the real fund results, this VC is 80 percentage points more often commits exit comparing to other organizations. The usual things for fund are deals in the range of 100 thousands - 1 million dollars. The important activity for fund was in 2015. The top amount of exits for fund were in 2017. This Technology Development Fund works on 28 percentage points less the average amount of lead investments comparing to the other organizations. The fund is generally included in 25-48 deals every year.
The typical case for the fund is to invest in rounds with 1 participant. Despite the Technology Development Fund, startups are often financed by Frumtak Ventures, EASME - EU Executive Agency for SMEs, Brunnur Ventures. In the next rounds fund is usually obtained by Brunnur Ventures, Crowberry Capital, EASME - EU Executive Agency for SMEs.
Related Funds
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| 1982 Ventures | - |
| Acario Innovation | California, Menlo Park, United States |
| BCD Travel | Netherlands, Utrecht, Utrecht |
| Brama One Ventures | Indonesia, Jawa Timur, Surabaya |
| Canada Innovation Acceleration Investment | - |
| Ciena | Linthicum Heights, Maryland, United States |
| DCV Technologies | - |
| Global Alliance for Genomics & Health | Canada, Ontario, Toronto |
| Huaxi Xinyu Investment | China, Fujian, Hunan |
| iLOOKABOUT | - |
| Jane VC | Boston, Massachusetts, United States |
| Lord Abbett | Maryland, New Jersey, United States |
| Oracle | California, Redwood Shores, United States |
| Saiyi Industry Fund | - |
| Total Sport and Entertainment | Australia, Crows Nest, Queensland |
| Tou Na Er | China, Hangzhou, Zhejiang |
| Tybourne Capital Management | China, Hong Kong, Hong Kong Island |
| U.S. Department of Energy Advanced Manufacturing Office | District of Columbia, United States, Washington |
| Wadhawan Global Capital | India, Maharashtra, Mumbai |
| Walden Media | California, Los Angeles, United States |
Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Princeton NuEnergy | $7M | 13 May 2022 | - | ||
Kúla 3D | $300K | 26 Apr 2018 | Iceland, Iceland |
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| Company | Industry | Round Size | Date | Investors | Location |
Princeton NuEnergy | $7M | 13 May 2022 | - | ||
Kúla 3D | $300K | 26 Apr 2018 | Iceland, Iceland |
