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Technology Development Fund



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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 708
Average round size
The average size of a deal this fund participated in
Portfolio companies 281
Rounds per year 35.40
Lead investments 36
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 10
Key employees Soon
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Health Care
  • Manufacturing
  • Information Technology
  • Medical

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.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Technology Development Fund:
Typical Co-investors
Technology Development Fund is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Technology Development Fund:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Princeton NuEnergy

Renewable Energy
$7M13 May 2022 -

Kúla 3D

3D Technology
$300K26 Apr 2018 Iceland, Iceland


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Total investments 708
Average round size 233K
Rounds per year 35.40
Peak activity year 2015
Lead investments 36
Follow on index 0.60
Exits 10
Group Appearance index 0.01

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Princeton NuEnergy

Renewable Energy
$7M13 May 2022 -

Kúla 3D

3D Technology
$300K26 Apr 2018 Iceland, Iceland
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