Crowberrycapital.com

Company Details

Fund type

VC

Team size

11

HQ location

Reykjavik

Other offices

Copenhagen

VC advisor team

8

VC classification​

Nordic & Baltics

INVESTMENT SCOPE

Investment stages

Pre-seed. Seed. Can follow on in Series A and B

Average ticket size

First check up to EUR 2 million. Follow on up to EUR 9 million.

Startup geography

Nordic & Baltics

EU impact classification

N/A

Verticals and technologies

Agnostic

Crowberry Capital

Investing in seed and early stage Noridc and Baltic companies with emerging technologies

  • Pre-seed, Seed, Series A
  • Iceland

About

We fund future-focused teams that have the ambition to transform industries. Our mission is to back people that are good for companies and build companies that are good for people.

Portfolio

Portfolio size

18

Annual investments

7-9

Highlighted portfolio companies

Mainframe, Lucinity, Dreamdata, Garden, 1939

Exits

Sling (https://getsling.com/)

Active Funds

Fund

  • Launch year:
2021
  • Size (AUM):
EUR 90 million
  • Investor involvement:
The EIF (European Investment Fund), Icelandic Pension funds, several family offices, and angels including David Helgason, founder of Unity Technologies
  • Fund management location:
Iceland

Asia Connection & Vision

Crowberry Capital is playing a role to bridge the Nordics & Baltics to the rest of the world. With our investment in Gaming company 1939 we have collaborated with Tencent, Woori Technology Investment, Seoul Investment Partners and Korea Investment Partners. Prior to founding Crowberry, Hekla enjoyed living in Shanghai, building out Ossur Asia’s, sales, marketing and R&D capabilities, whilst working with distributors in Japan and South Korea.

At Crowberry we look forward to further co-investments with Asian investors, supporting our startups with market entry, and exploring collaboration with Asian LP’s for our upcoming fund. 

INVESTOR COLLABORATION

  • Lead investments:

Yes

  • Syndicate investments:

Yes

  • Follow investments:

Yes

UPCOMING FUND

Fund thesis

Raising fund 3 in 2023 and welcome conversations with Asian LPs. Details are not finalized yet.

GET IN TOUCH WITH

Crowberry Capital