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.